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Energy economics

The Energy Outlook makes projections to 2050 and beyond, while the Statistical Review provides historic data on world energy markets
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bp’s economics team produces two reports annually. One – the Energy Outlook – is forward-looking and the other – the Statistical Review of World Energy – analyses data from the previous year. While the Energy Outlook was first published in January 2011, the Statistical Review has been informing the energy economics community since 1952.

Energy Outlook 2020 – 14 September launch

The launch webcast – introduced by Bernard Looney, chief executive officer, and hosted by Spencer Dale, group chief economist – has now ended. You can watch the recording here. The launch of bp’s Energy Outlook marked the start of bp week (14-16 September), during which Bernard and his leadership team presented further insight into bp’s new strategy. 

The energy economics reports

Energy Outlook – 2020 edition

Energy Outlook 2020 identifier

The Energy Outlook explores the forces shaping the global energy transition out to 2050 and the key uncertainties surrounding that transition.

The global energy system is likely to undergo a fundamental restructuring in order to decarbonize, which will create challenges and opportunities for the industry. Three main scenarios – Rapid, Net Zero, and Business-as-usual – provide a range of possible outcomes to understand the range of uncertainties ahead

Statistical Review of World Energy 2020

Stats Review 2020 – logo

Growth in carbon emissions in 2019 slowed from the sharp increase seen in the previous year, as primary energy consumption decelerated and renewables and natural gas displaced coal from the energy mix. 

In the context of the Covid-19 pandemic, this year’s edition provides a timely reminder of global energy trends prior to the crisis.