OIES – Key Themes for the Global Energy Economy in 2025

The report by OIES "Key Themes for the Global Energy Economy in 2025" explores the impact of political and economic shifts on global energy markets. The start of Donald Trump’s second term is anticipated to influence global trade, labor, and energy policies significantly. As the energy transition progresses, trends such as China's reduced demand for oil due to electrification and gasification are highlighted. The OPEC+ alliance continues to manage oil markets effectively despite geopolitical tensions. The European shift from Russian gas increases demand for LNG, with 2025 expected to see tight supply conditions. Trump's withdrawal from climate commitments presents challenges to international climate agreements. Russia's pivot towards Asian markets amidst new sanctions is also discussed, emphasising its potential role in global energy markets.