Global oil demand may have already peaked, according to BP’s latest long-term energy outlook, as the COVID-19 pandemic kicks the world economy onto a weaker growth trajectory and accelerates the shift to cleaner fuels. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Demand for oil will be the biggest casualty over lower energy demand in the coming three decades as weaker economic growth and a faster shift to renewable energy accelerate the demise of oil-based transport fuels, BP said its Energy Outlook 2020 published Sept. 14. Global demand for liquid fuels, including oil and biofuels, will almost halve to less than 55 million b/d by 2050, when oil’s share of the global […]