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
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
