2026-03-18 20:06:07
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Despite rapid growth in renewables, much of the world still relies on a small group of traditional energy sources. In many countries, oil, coal, or natural gas continues to supply the largest share of energy used across transportation, industry, and electricity generation.
This map shows the largest primary energy source in 112 countries using data from the International Energy Agency (IEA). Primary energy refers to energy in its raw form before it is converted into electricity or refined fuels.
The global picture highlights how different regions depend on different fuels. Oil dominates in many economies, coal still powers several of Asia’s largest countries, and traditional biomass remains central to energy use across parts of Africa.
Oil is the most common primary energy source globally, with 39 of the countries in the dataset relying on it more than any other fuel. It dominates across much of Europe, the Middle East, and large parts of Asia-Pacific.
In many economies, petroleum products remain essential for transportation and heavy industry. Even countries that produce natural gas, coal, or hydropower domestically often still rely on oil for a significant share of their overall energy supply.
| Country | Largest source of energy |
|---|---|
Albania |
Oil |
Algeria |
Natural Gas |
Angola |
Biomass |
Argentina |
Natural Gas |
Armenia |
Natural Gas |
Australia |
Oil |
Austria |
Oil |
Azerbaijan |
Natural Gas |
Bangladesh |
Natural Gas |
Belarus |
Natural Gas |
Belgium |
Oil |
Benin |
Biomass |
Bosnia and Herzegovina |
Coal |
Botswana |
Coal |
Brazil |
Oil |
Bulgaria |
Oil |
Burkina Faso |
Biomass |
Cameroon |
Biomass |
Canada |
Natural Gas |
Chad |
Biomass |
Chile |
Oil |
China |
Coal |
China Hong Kong SAR |
Natural Gas |
Colombia |
Oil |
Côte d’Ivoire |
Biomass |
Croatia |
Oil |
Cyprus |
Oil |
Czechia |
Coal |
Democratic Republic of the Congo |
Biomass |
Ecuador |
Oil |
Egypt |
Natural Gas |
Eritrea |
Biomass |
Estonia |
Coal |
Ethiopia |
Biomass |
Finland |
Biomass |
France |
Nuclear |
Gabon |
Biomass |
Georgia |
Natural Gas |
Germany |
Oil |
Ghana |
Oil |
Greece |
Oil |
Hungary |
Oil |
Iceland |
Renewables/Geothermal |
India |
Coal |
Indonesia |
Coal |
Iran |
Natural Gas |
Iraq |
Oil |
Israel |
Natural Gas |
Italy |
Natural Gas |
Japan |
Oil |
Kazakhstan |
Coal |
Kenya |
Biomass |
Kuwait |
Natural Gas |
Latvia |
Biomass |
Lithuania |
Oil |
Luxembourg |
Oil |
Madagascar |
Biomass |
Malaysia |
Natural Gas |
Malta |
Natural Gas |
Mexico |
Natural Gas |
Moldova |
Natural Gas |
Montenegro |
Oil |
Morocco |
Oil |
Mozambique |
Biomass |
Namibia |
Oil |
Netherlands |
Oil |
New Zealand |
Oil |
Niger |
Biomass |
North Macedonia |
Oil |
Norway |
Hydro |
Oman |
Natural Gas |
Pakistan |
Biomass |
Peru |
Oil |
Philippines |
Coal |
Poland |
Oil |
Portugal |
Oil |
Qatar |
Natural Gas |
Republic of the Congo |
Biomass |
Romania |
Oil |
Russian Federation |
Natural Gas |
Rwanda |
Biomass |
Saudi Arabia |
Oil |
Senegal |
Oil |
Serbia |
Coal |
Singapore |
Oil |
Slovakia |
Nuclear |
Slovenia |
Oil |
South Africa |
Coal |
South Korea |
Oil |
Spain |
Oil |
Sri Lanka |
Biomass |
Sudan |
Biomass |
Sweden |
Nuclear |
Switzerland |
Oil |
Taiwan |
Coal |
Tanzania |
Biomass |
Thailand |
Oil |
Togo |
Biomass |
Trinidad & Tobago |
Natural Gas |
Tunisia |
Natural Gas |
Türkiye |
Oil |
Turkmenistan |
Natural Gas |
Uganda |
Biomass |
Ukraine |
Natural Gas |
United Arab Emirates |
Natural Gas |
United Kingdom |
Natural Gas |
United States |
Oil |
Uzbekistan |
Natural Gas |
Venezuela |
Natural Gas |
Vietnam |
Coal |
Zambia |
Biomass |
Zimbabwe |
Biomass |
Major economies such as the United States, Japan, and Germany still rely primarily on oil despite growing investments in renewables and electrification.
Following oil, natural gas is the next most common primary energy source globally, with 29 countries relying on it the most.
Coal continues to dominate the energy mix in several of the world’s largest emerging economies. China, India, Indonesia, and Vietnam all rely on coal as their biggest primary energy source.
One reason is simple: availability. Many of these countries have large domestic coal reserves and long-established mining and power infrastructure built around the fuel.
At the same time, coal remains one of the largest contributors to global carbon emissions, making these economies central to the future trajectory of global energy transitions.
Across much of Africa, biomass remains the largest primary energy source. This includes fuels such as firewood, charcoal, and agricultural waste.
In many rural areas, these fuels are still widely used for everyday needs like cooking and heating, particularly where access to electricity or modern fuels remains limited.
Outside of Africa, only three other countries in the dataset rely primarily on biomass for energy: Finland, Latvia, and Pakistan.
If you enjoyed today’s post, check out All of the World’s Oil Reserves by Country, in One Visualization on Voronoi.
2026-03-18 03:14:34
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Global humanoid robot shipments surpassed 14,500 in 2025. By 2030, they could reach mass adoption.
By far, China dominated global sales last year, covering 90% of total sales. While early deployments are largely for research and industrial purposes, their applications could soon break into wider retail uses and household tasks.
Based on data from multiple sources via Rest of World, this graphic ranks the companies shipping the world’s humanoid robots as the industry expands.
The table below ranks humanoid robot shipments by company in 2025, highlighting which firms are leading the early commercialization of this emerging technology.
| Company | Units Sold 2025 | Country |
|---|---|---|
| Unitree | 5,500 |
China |
| AgiBot | 5,168 |
China |
| UBTECH | 1,000 |
China |
| Leju Robotics | 500 |
China |
| Engine AI | 400 |
China |
| Fourier Intelligence | 300 |
China |
| Figure AI | 150 |
U.S. |
| Agility Robotics | 150 |
U.S. |
| Tesla | 150 |
U.S. |
| Others | 1,350 |
N/A |
Unitree ranks first globally, with 5,500 units sold in 2025, up from around 1,500 a year earlier.
Moreover, Unitree’s models stand among the world’s most advanced and affordable. Its cheapest R1 model, for instance, costs just $5,900, while the company also sells robot dogs for $1,600.
Competitor AgiBot followed next seeing 5,168 units sold, with its lowest-cost model standing at $14,500. Overall, 21 new models were introduced in China in 2025, rising from three in 2022.
While Elon Musk projects humanoid robots will outnumber the human population by 2040, Tesla’s rollout has been markedly slower. In 2025, it shipped 150 of its Optimus models, with public sales forecasted to begin in 2027.
Similarly, other leading U.S. companies Figure AI and Agility Robotics each shipped about the same amount. Despite limited deliveries so far, Figure AI soared to a $39 billion valuation, jumping from $2.6 billion in 2024.
China’s Yangtze River Delta contains the world’s most vertically integrated supply chain for humanoid robotics.
Not only are Unitree and AgiBot based in the region, it is home to several leading suppliers of robotics parts. DeepSeek and Alibiba—which launched an AI model designed for robotics—are also found in the cluster.
Additionally, the region’s role as a EV manufacturing hub serves as a key catalyst to production. Like autos, humanoids require thousands of precision components. In many cases, EV actuators and gears can be repurposed for humanoid robotics manufacturing.
Today, China controls about 26% of the global actuator market, compared with roughly 5% for the United States.
Along with this industrial base, humanoid robots depend heavily on critical minerals and rare earth elements, materials that China dominates, driving roughly 60% of global production. Together, these supply chain advantages give China a structural edge in scaling these emerging technologies.
To learn more about this topic, check out this graphic on the growth of industrial robots by country.
2026-03-17 22:25:00
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Much like crude oil, LNG markets rely on safe passage through just a handful of narrow waterways. When passable, 54% of global LNG trade is shipped through these critical chokepoints to feed the world energy system every single day.
This visualization maps out the most important LNG chokepoints and their share of global LNG trade. The data is from the U.S. Energy Information Administration and is for the first half of 2025 in billion cubic feet per day (bcf/d).
Liquefied natural gas (LNG) is natural gas that has been supercooled down to about -260° F / -162° C. When this happens, the gas condenses into a liquid, reducing its volume by roughly 600 times.
The massive reduction in volume enables local storage and global transport via tanker ships. It’s what allows countries with large reserves of natural gas, like the U.S. or Qatar, to sell to customers across the world. Once ‘re-gasified’ on land, that energy goes towards electric power generation, chemical feedstocks, and residential heating.
Located between Iran and Oman, the Strait of Hormuz is a narrow sea corridor connecting the Persian Gulf to the Arabian Sea. It is the single most critical LNG chokepoint in the world, relied upon for 21% (11.4 Bcf) of global LNG volume.
| Chokepoint Location | 2025 H1 Volume (bcf/d) | % of World LNG trade |
|---|---|---|
| Strait of Hormuz | 11.4 | 21% |
| Strait of Malacca | 9.2 | 17% |
| Cape of Good Hope | 5.7 | 10% |
| Danish Straits | 1.6 | 3% |
| Suez Canal | 0.9 | 2% |
| Turkish Strait | 0.6 | 1% |
| Bab el-Mandeb Strait | 0 | 0% |
| Total | 29.4 | 54% |
While some oil can bypass the Strait of Hormuz using pipelines, this is the only path for natural gas producers, like Qatar, to move product to market. When over one-fifth of global LNG trade is disrupted, market volatility is sure to follow.
Since 2023, Yemen-based Houthi attacks on shipping vessels in the Bab el-Mandeb Strait have stopped LNG flow entirely. The Bab el-Mandeb is the southern gateway of the Red Sea, connecting the Indian Ocean to the Suez Canal and to European markets.
To avoid the LNG chokepoint, tankers must sail around the southern tip of Africa via the Cape of Good Hope, which accounts for 10% (5.7 Bcf/d) of global LNG trade. The reroute adds roughly two weeks of travel time and significantly higher fuel costs to every voyage.
In addition to Hormuz and Bab el-Mandeb, several other chokepoints control global LNG flow. The Strait of Malacca in Asia, second only to Hormuz, sees 17% (9.2 Bcf/d) of global LNG trade. In Europe, The Danish Straits move about 1.6 Bcf/d while the Turkish Straits move 0.6 Bcf/d.
North American LNG exports to Europe face no chokepoint dependencies, moving freely across the Atlantic. Though shipments to Asia may pass through the Panama Canal, North America’s extensive pipeline network can reroute fuels if necessary.
To learn more about the global natural gas market, check out this graphic visualizing the countries with the largest proven natural gas reserves on Voronoi.
2026-03-17 20:06:08
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The U.S. produced more crude oil than any other country in 2025, by a wide margin.
But while America leads the ranking, the Middle East remains the world’s biggest production hub, with five countries in the global top 10.
This graphic shows crude oil production by country, using 2025 data from the U.S. Energy Information Administration (EIA).
The ranking highlights how oil production is spread across multiple continents, while still concentrated among a small group of leading producers.
The U.S. was the world’s top crude oil producer in 2025, with more than 13.58 million barrels per day (mb/d), representing a 16% share of global production.
The country surpassed Russia in 2018 and in 2023 became the largest producer of crude oil of any country in history.
Here’s how the world’s top producers stack up, based on annualized data from Jan-Nov 2025:
| Rank | Country | Annualized Average Crude Oil production (million barrels per day) |
|---|---|---|
| 1 |
United States |
13.577 |
| 2 |
Russia |
9.867 |
| 3 |
Saudi Arabia |
9.509 |
| 4 |
Canada |
4.938 |
| 5 |
Iraq |
4.394 |
| 6 |
China |
4.337 |
| 7 |
Iran |
4.192 |
| 8 |
United Arab Emirates |
3.817 |
| 9 |
Brazil |
3.745 |
| 10 |
Kuwait |
2.575 |
| 11 |
Kazakhstan |
2.065 |
| 12 |
Norway |
1.846 |
| 13 |
Mexico |
1.724 |
| 14 |
Nigeria |
1.609 |
| 15 |
Libya |
1.357 |
| 16 |
Qatar |
1.311 |
| 17 |
Algeria |
1.140 |
| 18 |
Angola |
1.033 |
| 19 |
Oman |
1.000 |
| 20 |
Venezuela |
0.974 |
| 21 |
Argentina |
0.788 |
| 22 |
Colombia |
0.746 |
| 23 |
Guyana |
0.733 |
| 24 |
United Kingdom |
0.612 |
| 25 |
India |
0.602 |
| 26 |
Indonesia |
0.582 |
| 27 |
Azerbaijan |
0.562 |
| 28 |
Malaysia |
0.515 |
| 29 |
Egypt |
0.509 |
| 30 |
Ecuador |
0.439 |
| 31 |
Australia |
0.245 |
| 32 |
Congo-Brazzaville |
0.240 |
| 33 |
Gabon |
0.238 |
| 34 |
Turkmenistan |
0.191 |
| 35 |
Ghana |
0.183 |
| 36 |
Bahrain |
0.183 |
| 37 |
Vietnam |
0.164 |
| 38 |
Thailand |
0.160 |
| 39 |
Chad |
0.127 |
| 40 |
Turkiye |
0.125 |
| 41 |
South Sudan |
0.112 |
| 42 |
Niger |
0.101 |
| 43 |
Brunei |
0.100 |
| 44 |
Senegal |
0.100 |
| 45 |
Italy |
0.084 |
| 46 |
Equatorial Guinea |
0.078 |
| 47 |
Syria |
0.073 |
| 48 |
Denmark |
0.072 |
| 49 |
Cameroon |
0.059 |
| 50 |
Pakistan |
0.058 |
| 51 |
Cote d'Ivoire |
0.054 |
| 52 |
Romania |
0.052 |
| 53 |
Trinidad and Tobago |
0.051 |
| 54 |
Peru |
0.045 |
| 55 |
Germany |
0.032 |
| 56 |
Papua New Guinea |
0.032 |
| 57 |
Sudan |
0.030 |
| 58 |
Uzbekistan |
0.030 |
| 59 |
Belarus |
0.026 |
| 60 |
Cuba |
0.026 |
| 61 |
Tunisia |
0.026 |
| 62 |
Hungary |
0.023 |
| 63 |
Netherlands |
0.021 |
| 64 |
Israel |
0.020 |
| 65 |
Bolivia |
0.018 |
| 66 |
Poland |
0.016 |
| 67 |
Congo-Kinshasa |
0.016 |
| 68 |
Yemen |
0.015 |
| 69 |
Mongolia |
0.014 |
| 70 |
Albania |
0.012 |
| 71 |
Suriname |
0.012 |
| 72 |
Serbia |
0.012 |
| 73 |
France |
0.010 |
| 74 |
Croatia |
0.009 |
| 75 |
Austria |
0.009 |
| 76 |
New Zealand |
0.007 |
| 77 |
Burma |
0.006 |
| 78 |
Kyrgyzstan |
0.006 |
| 79 |
Guatemala |
0.005 |
| 80 |
Japan |
0.003 |
| 81 |
Bangladesh |
0.003 |
| 82 |
Timor-Leste |
0.002 |
| 83 |
Chile |
0.002 |
| 84 |
Greece |
0.001 |
| 85 |
Czechia |
0.001 |
| 86 |
Bulgaria |
0.001 |
| 87 |
Barbados |
0.001 |
| 88 |
Belize |
0.001 |
| 89 |
Lithuania |
0.001 |
| 90 |
Philippines |
0.001 |
Roughly a quarter of U.S. production comes from the Permian Basin, a sedimentary region spanning western Texas and southeastern New Mexico.
Beyond the Permian and other Texas deposits, the U.S. also has major oil reserves in Alaska and the Gulf of Mexico. In Alaska, oil revenues have supported the Alaska Permanent Fund since the 1970s, a state-owned sovereign wealth fund that pays dividends to residents.
Five Middle Eastern countries ranked among the world’s top 10 crude oil producers in 2025: Saudi Arabia (9.51 mb/d), Iraq (4.39), Iran (4.19), the United Arab Emirates (3.82), and Kuwait (2.58).
All five sit along the Persian Gulf, giving the region an outsized role in global energy markets. That also means conflict or disruption around the Strait of Hormuz can have major consequences for global oil supply.
Since the 1960s, each of these countries has also been a core member of the Organization of the Petroleum Exporting Countries (OPEC), which coordinates among major oil producers on output and pricing strategy.
The U.S. is not a member of OPEC. Nor are Canada (4.94 mb/d) and China (4.34), both of which produced more than 4 million barrels per day in 2025 and ranked among the global top 10.
Meanwhile, two other major producers, Russia (9.87) and Brazil (3.74), are part of OPEC+, a looser coalition that works with OPEC members to manage production when interests align.
In recent years, tensions have occasionally emerged between OPEC’s core producers, led by Saudi Arabia, and OPEC+ partners such as Russia over how much oil to pump while trying to support prices.
If you enjoyed today’s post, check out The U.S. and China Consume 35% of the World’s Oil on Voronoi, the new app from Visual Capitalist.
2026-03-17 02:19:21
The global sports industry has evolved into a massive ecosystem spanning broadcasting, betting, fan experiences, and digital entertainment. At an estimated $417 billion in total value today, the market continues to expand rapidly and is projected to reach $602 billion by 2030. With major events like the NCAA’s March Madness tournament just around the corner, the business of sports remains firmly in the global spotlight.
Created in partnership with Terzo, this graphic breaks down the sports economy by subsector to show where the industry’s biggest revenue streams come from, revealing where growth opportunities are emerging. It’s part of our Markets in a Minute series, which delivers quick economic insights for executives.
Betting is now the largest segment of the global sports market, generating $133 billion in revenue, nearly one-third of the industry’s total value.
| Sector | Market Value ($ billions) |
|---|---|
| Media Rights | 61 |
| Sponsorship & In-venue Ads | 52 |
| Matchday | 34 |
| Merchandising | 7 |
| Pay-TV Subscriptions | 49 |
| Streaming/App Subscriptions | 24 |
| Broadcasting & Streaming Advertising | 12 |
| Pay-per-View | 1 |
| Betting | 133 |
| Fantasy Sports | 27 |
| Sports Video Games | 17 |
| Grand Total | 417 |
The rapid expansion of legalized betting markets, combined with mobile wagering platforms and live in-game betting, has helped transform betting into one of the fastest-growing areas. As regulations evolve and digital platforms expand, the segment is expected to continue gaining share within the industry.
Alongside betting, fantasy sports ($27 billion) and video games ($17 billion) represent additional forms of fan engagement that blend entertainment with interactive competition.
Media remains another major pillar of the industry. Rights alone account for $61 billion, reflecting the enormous value of live content for broadcasters and digital platforms.
Several related revenue streams also contribute to the media ecosystem:
Together, these segments highlight the growing shift toward digital distribution as streaming platforms compete with traditional broadcasters for sports audiences.
Brand partnerships and live events continue to play a major role in the industry. Sponsorship and in-venue advertising generate $52 billion globally, as brands seek to connect with highly engaged sports audiences.
Meanwhile, matchday revenues total $34 billion, reflecting ticket sales, hospitality packages, and in-stadium experiences.
Consumer products also contribute to the ecosystem, with sports merchandising generating $7 billion in global sales.
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2026-03-17 01:26:05
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Venture capital activity has slowed since its pandemic-era peak, but artificial intelligence remains a major exception.
Investment flowing into AI and machine learning (ML) has surged over the past two years, helping sustain overall venture funding even as deal activity in other sectors weakened.
This graphic visualizes data compiled by BestBrokers, using information from PitchBook, CB Insights, and LIQUiDITY, showing how venture capital has increasingly concentrated around AI.
The quarterly data from 2022 to 2025 shows how the balance between AI and non-AI venture investment has shifted.
| Quarter | AI and ML deals ($B) | Rest of Deals ($B) | % Share (AI) |
|---|---|---|---|
| Q1 2022 | 38.9 | 139.5 | 21.8% |
| Q2 2022 | 40.9 | 105.2 | 28.0% |
| Q3 2022 | 21.2 | 87.8 | 19.4% |
| Q4 2022 | 20.1 | 73.6 | 21.5% |
| Q1 2023 | 34.4 | 72.7 | 32.1% |
| Q2 2023 | 21.3 | 66.8 | 24.2% |
| Q3 2023 | 20.7 | 68.0 | 23.3% |
| Q4 2023 | 24.8 | 59.4 | 29.5% |
| Q1 2024 | 20.8 | 61.0 | 25.4% |
| Q2 2024 | 34.2 | 60.8 | 36.0% |
| Q3 2024 | 35.2 | 51.0 | 40.8% |
| Q4 2024 | 66.7 | 61.7 | 51.9% |
| Q1 2025 | 75.5 | 59.7 | 55.8% |
| Q2 2025 | 56.9 | 56.3 | 50.3% |
| Q3 2025 | 65.4 | 60.2 | 52.1% |
| Q4 2025 | 72.4 | 66.2 | 52.2% |
Venture capital boomed in 2021, but sentiment shifted in 2022 amid geopolitical uncertainty, rising interest rates, and a slowing exit market. Deal value dropped 47% between the first and fourth quarters of 2022, and AI represented only a small share of overall funding at the time.
OpenAI’s ChatGPT launched in November 2022, sparking a wave of interest in generative AI. Funding for AI and ML rose in early 2023 even as other venture deals stagnated.
The real step-change arrived in 2024. AI dealmaking accelerated throughout the year and surged in the fourth quarter, when the sector attracted $66.7 billion in funding—surpassing the $61.7 billion invested across all other sectors combined.
This growth reflects both rising investor optimism and the capital-intensive nature of AI infrastructure, including chips, data centers, and large-scale model development.
By Q4 2025, venture deals totaled $138.6 billion globally, with AI and ML accounting for 52% of the total—the first time the sector made up more than half of deal value in the dataset.
The surge in AI investment has split investors across public and private markets, with some warning the industry may be in a bubble while others remain highly optimistic about its long-term potential.
Concerns have also been raised about opaque private funding and circular dealmaking among major AI players. Strong earnings from companies such as Nvidia, however, have helped sustain investor enthusiasm.
How disruptive AI ultimately proves to be remains uncertain, and venture capital flows will likely continue shifting as investors respond to technological breakthroughs and broader global events.
To learn more about how the AI industry is creating a large cap boom, check out this graphic.