The Energy Institute's 2024 Statistical Review reveals record highs for both energy consumption and emissions, with renewables making significant gains but fossil fuels still dominating the global energy mix.
Last year, after 70 years of publishing the Statistical Review of World Energy, BP handed over the publication to the Energy Institute EI. The full report and all data can be found at this link. The Statistical Review is instrumental in providing comprehensive data on global oil, gas, and coal production and consumption, as well as on carbon dioxide emissions and renewable energy statistics. On June 20th, the EI published its second Statistical Review.
9%, an increase equivalent to triple the combined decline in the U.S. and EU. Oil Market Oil consumption reached a record 100 million barrels per day, driven largely by China’s post-lockdown recovery. The U.S. remained the largest oil producer, with an 8.5% production increase from 2022. Natural Gas Trends Natural gas prices dropped significantly in Europe and Asia, with the US seeing a 60% price fall. U.S. production set a new record for the 3rd consecutive year, climbing 4.2% from 2022. The U.
Emissions Renewables Fossil Fuels Oil Natural Gas Coal Electricity Geopolitical Disruptions Energy Transition
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