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
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
