BP has become the first oil major to predict that global oil demand may not rebound to pre-Covid-19 levels if national governments collectively align their recovery strategies with net-zero.
In its latest energy outlook report, unveiled this afternoon (14 September), BP predicts that the global demand for oil will slump between 50% and 80% by 2050 if governments increase their climate targets and actuate to bring about “green” recoveries from the pandemic …read more.
