An EV charging station in Shanghai
A disorderly transition
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
The energy transition is advancing but in an increasingly disorderly and uneven way, Nick Wayth, CEO of the Energy Institute (EI), said while presenting the key findings of the 2025 Statistical Review of World Energy. Last year was a year of records. Not only record energy supply, which rose by 2%, to 592EJ, but also record supply of renewables as well as gas, oil, coal and nuclear. Renewables output increased by 14% versus 2023, outpacing all other segments and supplying 17.3% of total electricity. When including hydroelectricity, which saw a 4.2% increase, renewables accounted for close to a third of total power supply. Among the fossil fuels, gas saw the most growth, with consumption up 2
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
