Outlook 2025: Oil is vital to our global energy futures
The world needs to reduce emissions but must do so while providing affordable and reliable energy to meet rising global demand
Realistic, equitable and inclusive are three key words central to evolving future global energy pathways. We need to be realistic about what each form of energy can provide, especially in terms of security, affordability, availability and reducing emissions. We need to provide for equitable outcomes that consider the circumstances of all peoples across the world. And we need to be inclusive, ensuring all voices are heard. Oil is not only a realistic, equitable and inclusive fuel source, it is also vital to our global energy futures. The term ‘futures’ is plural, because energy needs and realities vary significantly across the world. Indeed, there is neither a one-size-fits-all solution to me
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14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
