BP Pushes Oil Demand Peak to Mid-2030s ...Middle East

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BP Pushes Oil Demand Peak to Mid-2030s
source : OILPRICE ( Middle East ) () 65
A year ago, BP predicted that oil demand growth could peak before 2030. In that, the company was in tune with the IEA and a host of other forecasters. This year, BP has changed its prediction. Now, the supermajor expects demand growth to continue until the mid-2030s—and then start declining slowly. In the latest edition of its Energy Outlook, BP wrote that “Oil demand declines over the outlook but continues to play a significant role in the global energy system over at least the next 10-15 years”. The decline, according to the…

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