Although the use of renewable energy in making electricity has been steadily increasing in recent years, oil remains the most crucial energy source globally, especially for transportation and heating.
According to a report by the International Energy Agency (IEA), 29% of the world's energy will come from oil in 2020, as noted by Statista's Florian Zandt.
As seen in the information provided by Zandt below, based on the Energy Institute Statistical Review of World Energy 2023 (read belo...
