What Explains the Growing Divide Between Oil and Gas

What Explains the Growing Divide Between Oil and Gas

From Switched On by Bloomberg

June 4, 2026 · 35 min

About this episode

The episode discusses the divergent paths of oil and gas demand and the implications for the energy transition.

Gas and oil are on a sharply divergent path. In BloombergNEF’s Economic Transition Scenario, oil demand peaks before the end of the decade, while gas demand continues to grow as expanding power systems seek reliable sources of generation. At the same time, constraints on everything from gas turbine supply chains to grid infrastructure are emerging as critical bottlenecks. So how does the global energy system evolve from here, and what do these competing pressures reveal about what lies ahead for the energy transition? On today’s show, Tom Rowlands-Rees is joined by Ian Berryman, BloombergNEF’s head of energy systems modeling, to discuss findings from the New Energy Outlook 2026. Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com Links to research notes from this episode: New Energy Outlook 2026 - https://www.bnef.com/flagships/new-energy-outlook Executive Summary - https://about.bnef.com/insights/clean-energy/new-energy-outlook/ See omnystudio.com/listener for privacy information.

People in this episode

Host: Tom Rowlands-Rees

Guest: Ian Berryman

Topics covered

  • energy transition
  • oil demand
  • gas demand
  • economic transition
  • energy systems
  • lower-carbon economy

Keywords

  • oil
  • gas
  • energy transition
  • BloombergNEF
  • New Energy Outlook 2026
  • energy systems
  • lower-carbon economy

Mentioned in this episode

Organizations: BloombergNEF, BNEF, Bloomberg

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