Outlook 2025: Asia continues to dominate hydrocarbon processing investment
The region accounts for the biggest share in terms of capital investment in the $2t market
The world’s population is projected to increase from nearly 8b in 2024 to approximately 9.8b by 2050, according to the UN. This stark rise—combined with an increase in the global urbanisation rate—will significantly boost primary energy consumption. Although renewable energy is forecast to see the highest growth rate in energy consumption to 2050, crude oil is projected to retain the largest market share within the forecast period. For example, according to OPEC’s World Oil Outlook 2023, renewable energy consumption is forecast to increase by up to 34% between 2022 and 2045, while oil and natural gas are expected to grow by approximately 15% and 20% respectively. However, renewable energy co
Also in this section
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
