News Summary

• Wood Mackenzie's Lens Energy Transition Scenarios explores how sustained geopolitical instability could reshape global energy demand, supply and investment through 2050.
• The scenario assumes a major geopolitical escalation beginning in early 2026, disrupting 15–20% of global oil and LNG supply.
• In the near term, oil demand falls by around 9% due to supply outages before recovering to pre-crisis levels by 2030.Beyond 2030, structural shifts take hold as countries accelerate efforts to reduce reliance on imported fuels.