World may never consume more oil than in 2019, says BP

Demand for oil may have peaked last year, according tobp, which says the global market for crude might never recover from the corona virus 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, bps aid. in a“business-asusual" scenario, in which government policies and social preferences evolve in the same way as in the recent past, oil demand picks up slightly following the corona virus hit, but then plateaus around 2025 and starts to decline after 2030.