The world may never consume more oil than in 2019, BP says

CNN | Sep 14, 2020 at 3:51 PM
  • London (CNN Business)Demand for oil may have peaked last year.
  • 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.
  • Analysts think the crisis will accelerate the shift away from fossil fuels towards renewable forms of energy, particularly as governments and investors heap pressure on companies to tackle the climate crisis amid growing evidence of its devastating effects.