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bp’s economics team produces the Energy Outlook, which makes projections to 2050 and beyond

Energy Outlook 2023

Energy Outlook 2023

This year’s bp Energy Outlook explores the key trends and uncertainties surrounding the energy transition out to 2050.

The three main scenarios considered in the Outlook – Net Zero, Accelerated, and New Momentum – have been updated to take account of two major developments over the past year: the Russia-Ukraine war and the passing of the Inflation Reduction Act in the US.

An additional chapter, How energy is used, published in July, contains further analysis that uses the same three scenarios to discuss the outlook for end-use energy demand – in particular, in the industry, buildings and transport sectors.

Statistical Review of World Energy

From 1952 until 2022, bp’s economics team also informed the energy economics community through its Statistical Review of World Energy, which provided historic data on world energy markets.


The Statistical Review of World Energy has a new custodian: the Energy Institute (EI), the chartered professional membership body for people who work in energy. (For more detail, read the press release.)


The 2024 edition of the Energy Institute Statistical Review of World Energy will be published on 20 June, providing free-to-access data on global energy production, consumption, trade and emissions for 2023


Any enquiries about the Statistical Review should be directed to the Energy Institute: statisticalreview@energyinst.org.

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