World Energy Outlook 2025: Navigating Divergent Futures

Columbia Energy Exchange · Nov 18, 2025 · 1m

Around the globe, and here in the United States, energy markets face huge uncertainties. They include everything from rising geopolitical tensions to a wave of new liquefied natural gas supply, and from concentrated critical mineral supply chains to growing demand for electricity. These uncertainties are reflected by the International Energy Agency in this year's World Energy Outlook, which explores a range of possible energy futures — particularly around oil and gas demand. So how have energy policies at the country level, growing economic warfare, and rising prices impacted the IEA's…