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BP Predicts Global Oil Demand Will Peak In 2025

BP Predicts Global Oil Demand Will Peak In 2025

British Oil & Gas giant BP Plc (NYSE:BP) has predicted that global oil demand will peak next year while wind and solar capacity will continue to grow rapidly. In its latest edition of its annual Energy Outlook, BP has published a study of the evolution of the global energy system to 2050.  BP has modeled its predictions on two key scenarios: The Current Trajectory and Net Zero. The Current Trajectory scenario is based on climate policies and carbon reduction pledges already in place while the Net Zero scenario…

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