The world may never consume more oil than in 2019, BP says
Demand for oil may have peaked last year, according to BP, which says the global market for crude might never recover from the coronavirus pandemic. In a new report published on Monday, the company lays out three scenarios for energy demand, all of which forecast a decline in demand for oil over the next 30 years. The scale and pace of the decline will be driven by the increasing efficiency and electrification of road transportation, BP (BP) said.
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