Story perspectives
BP Forecasts Rising Oil Demand Through 2030
9/26/2025
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Story summary
- BP's Energy Outlook predicts oil demand grows to 2030, revised from a 2025 peak.
- Current Trajectory projects 103.4 million bpd by 2030 and 83 by 2050.
- If efficiency stays weak, demand could reach 106 million bpd by 2035.
- Below 2-Degrees peaks at 102.2 million bpd, then 33.8 by 2050; gas up 17% by 2040, electricity up 40% by 2033.
