Daily Archives: November 12, 2025

Macro Briefing: 12 November 2025

Global oil and gas demand could rise through 2050, according to a new forecast by the International Energy Agency. The revised outlook contrasts with IEA’s previous estimate of a speedy transition to cleaner fuels. The report notes: “Total global energy demand continues to increase, rising by 2% in 2024 to more than 650 exajoules (EJ). Fossil fuels accounted for nearly four-fifths of total energy demand – a share that has decreased only marginally since 2000.”

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