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Beth McLoughlin
20 June 2017
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Energy demand stayed low in 2016, as the fuel mix shifted towards cleaner energy sources

China and India accounted for almost all the growth, says BP, and global emissions were flat for the second year in a row

Long-term, irreversible changes in world energy markets were evident in 2016, found BP's 66th statistical review, out now. The British oil and gas company found that while energy consumption grew by just 1%—compared with a 10-year average of 1.8%—this growth was almost entirely sustained by developing countries, especially India and China. The relatively low rate of demand can be partly explained, BP said, by the weak economic growth in China last year, and especially a slowdown in its iron, steel and cement industries. Global GDP only grew by 3%, its slowest rate since 2002. China surpassed the US as the biggest renewable producer in the world, while BP chief economist Spencer Dale said it

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IEA and OPEC energy assumptions on fragile ground
19 June 2025
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
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Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
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19 June 2025
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
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18 June 2025
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse

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