About oil and gas

The world’s population is growing.  So is the need for energy.  For heat.  For light.  For transport. For food and water. And for industry, which makes those things you want and need.

In 2016 the world used the equivalent of about 13.8 billion tonnes of oil to meet its energy needs. By 2040 the world will need 17.6 billion tonnes of oil equivalent: an increase of about one third. (Source: International Energy Agency)

The ‘About oil and gas’ webpages help explain how only a balanced energy future can meet the world’s growing energy needs, supported by data from energy companies and independent institutions.

It’s all a question of balance.

When considering your energy future, you probably want to know that you will get all the energy you need when you want it at a price you can afford. You also want assurance that your energy use won’t harm the planet.

Did you know – Oil and gas by numbers

Every week, we post a ‘Number of the week’ to highlight the important role oil and gas plays in society. Each number is accompanied by a short explanation.

Global energy briefs

Our energy briefs highlight the benefits of oil and gas

Related content

Oil and gas production prospects in Central & South America: IOGP and ARPEL report

Growing indigenous demand means that Central and South America are on the brink of becoming net importers of oil and gas unless the region attracts more investment.  Fortunately, given the geological potential and increasingly equitable tax and fiscal regimes in most countries, the future looks promising.

Global Energy Brief – Demand

Oil & gas investment needed along the lower carbon pathway. In line with the world’s commitment to a future that sees global temperatures increasing by no more than 2 degrees above pre-industrial levels, oil & gas will still be needed to meet about half of global energy needs between now and 2040.

Global Energy Brief – the future of oil & gas

When it comes to the world’s energy future, there is no mystery about oil and gas – although for many, caught up in understandable excitement about renewables, the role of oil and gas seems to have fallen out of the energy equation.

Whether as a fuel or a feedstock: oil is an integral part of your daily life.

Visit our ‘oil in everyday life’ infographic which highlights 72 uses for oil in everyday life and is available in multiple languages.

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