Tag: oil demands

Has global oil demand hit peak? BP says it’s possible

by Jean-Baptiste OUBRIER Agence France-Presse LONDON, United Kingdom (AFP) — Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain’s BP predicted Monday. At the same time, the oil cartel OPEC has revised its forecast for global demand lower this year and next for essentially the same reasons. London-listed oil giant BP, which is seeking to achieve […]