Friday, September 26, 2025
bp forecasts higher oil consumption, drops view of near-term peak- oil and gas 360

bp forecasts higher oil consumption, drops view of near-term peak

(World Oil) –  bp Plc said that oil demand is going to keep growing for the rest of this decade, rowing back on its prior projection that the high point could come as soon as this year. Rising consumption in emerging markets, sluggish energy efficiency gains, geopolitical tensions and the persisting use of petrochemicals all point to peak demand in