Trump's Energy Bet Could Pay Off as Global Oil and Gas Consumption Hits Record Highs

Despite record growth in renewable power, the world consumed more energy than ever before in 2025, with fossil fuels still supplying the vast majority of global energy, according to a new report. The energy bet made by former US President Donald Trump's administration may prove to be a winning hand as the world continues to rely heavily on oil and gas. This growth is attributed to an increase in global demand driven by emerging markets. As the world burns more oil and gas than ever before, some may view this trend with concern.