EconomyOil’s share of global energy mix to keep declining, expert says
Irina Provornaya, a senior researcher at the Trofimuk Institute of Petroleum Geology and Geophysics, says oil’s share of the global energy mix fell from 46% in 1973 to 34% in 2025 and will keep shrinking as clean energy and renewables expand. She says energy security now hinges more on logistical resilience and economic adaptability, and notes that the Strait of Hormuz carries about one-fifth of global oil trade.
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TASS★★☆☆☆2026-10-15 14:52Original
Oil’s share of global energy mix to keep declining, expert says