Reviewof WorldEnergy In partnership with In collaboration with Contents Introduction 51Prices51Hydrogen production52Inter-regional trade53LNG imports53LNG exports54Trade movements – LNG55Trade movements – pipeline 2Foreword42025 Key highlights 75th Anniversary Analysis 6Insight 1:Import dependence and exposure in 20258Insight 2:How the 1970s oil shocks shifted energypatterns10Insight 3:Renewables as a tool for energy security12Insight 4:The changing drivers of global energydemand14Insight 5:Are countries weakening the link betweenfossil fuels and economic growth?16Regional overview18Country profile:China19Country profile:US20Country profile:India21Country profile:EU Coal 56Foreword57Production in million tonnes58Production in exajoules59Trade movements59Inter-area movements60Prices61Consumption Electricity 62Foreword63Generation64Generation by fuel64Data centre power demand65Grid-scale battery energy storage systems (BESS) Total energy supply and carbon22Foreword 23Supply24Supply by fuel25Supply per capita Hydroelectricity Carbon26Carbon dioxide emissions from energy 66Generation 27Carbondioxideemissionsfromnaturalgasflaring28Carbon dioxide equivalent emissions29Carbon capture, usage and storage (CCUS)29Prices Renewable energy 67Total energy supply68Total power energy supply69Solar installed capacity70Wind installed capacity71Solar installed capacity by type72Solar PV behind-the-meter and off-gridinstalled capacity73Wind installed capacity by type74Generation by source75Biofuels production76Biofuels consumption Oil 30Foreword31Production in thousands of barrels per day32Production in million tonnes33Crude oil and condensate production34Natural gas liquids production35Total liquids consumption36Consumption in thousands of barrels per day37Consumption in exajoules38Regional consumption40Spot crude prices40Crude oil prices 1861-202541Refiningcapacity42Refinerythroughput43Trade movements43Trade in 2024 and 202544Inter-area movements 2025 – crude trade45Inter-areamovements2025–refinedproduct Nuclear 77Generation Key minerals 78Foreword79Production and reserves80Prices Methodology 81More detail on the methodology Appendices 83Approximate conversion factors84Definitions84More information85Acknowledgements86Explore the report online Natural gas 46Foreword47Production in billion cubic metres48Production in exajoules49Consumption in billion cubic metres50Consumption in exajoules ForewordForeword The Energy Institute (EI), in partnership with Ember and in collaboration withKearney and KPMG, is proud to produce the 75th edition of the Statistical Reviewof World Energy, providing the first, full, freely-available analysis of globalenergy markets for the prior year. AstheStatisticalReviewmarksits75thanniversary,itreflectsnotonly a unique dataset, but the work of generations of thinkers whohave shaped how the world understands energy. From its stewardshipunder bp, to its evolution today under the Energy Institute, theStatistical Review has remained a trusted guide through moments ofprofound change. Today, the EI team carry on that legacy, working with our partners to ensure theReviewremainsrigorous,relevantandindependent.Itsdefiningprinciples–full,first,freeand fair – continue to underpin an objective view of the shape of the global energy system. Andy BrownOBE FEIPresident, Energy Institute Dr Nick WaythFEIChief Executuve,Energy Institute In the last 75 years, we have seen unprecedented global growth in population, prosperityand human health. In this period, global energy demand has increased six-fold, the worldeconomy has grown 14-fold and average life expectancy has increased from 47 years to74 years. It has been a remarkable journey. Overtheyears,theStatisticalReviewhasdocumentedhowenergyflowsrespondtogeopolitics, technology and demand. From the oil shocks of the 1970s to today’s tensionsaround the Strait of Hormuz, the system remains shaped by physical resources and theroutes that deliver them. By bringing together global data on production, consumption, trade and emissions, theStatistical Review provides a trusted foundation for understanding how our energy systemreallyis.Inaworlddefinedbyvolatilityandtransition,theReviewremainsaglobalpublicgood: an independent, evidence-based anchor to inform decisions and support a just,secure and low carbon energy transition. Ember The geopolitical fault lines of global energy markets are once again exposed. As vulnerablefossilsupplyroutesfacedisruption,solar,batteriesandelectrificationadvanceinbothmatureand emerging economies. The 75 years of energy history documented in this Review have largely been a fossil-poweredgrowth story. Today, the data show that supply growth is increasingly renewable and electric.Electricitycontinuestooutpacetotalenergysupplygrowth,particularlyinAsia.Forthefirsttime, renewables – driven largely by solar – were the largest source of new energy supply. Phil MacDonaldChiefExecutiveOfficer,Ember Thetransitionf