Global energy demand climbed to a record high in 2024

Energy Institute data shows consumption levels for all major energy sources reached record levels in 2024, including oil, natural gas, coal, nuclear, hydroelectricity, solar, wind, biofuels, and other renewables. This is the first time this has happened concurrently across all major energy sources since 2006. Oil remains the world’s largest energy source, meeting 34% of global demand. Global energy demand rose by 12 EJ (2%) year-on-year with China and India accounting for nearly 50% of the growth. Meanwhile, natural gas grew the most of the energy sources, accounting for a third of the total increase.