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BP Projects Rising Oil Demand Through 2030

9/29/2025

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Summary

Story summary

BP's Energy Outlook now shows global oil demand rising to 2030, revising 2025 peak.
Current Trajectory projects oil demand at 103.4 million barrels per day (bpd) in 2030, then 83 million bpd by 2050.
Low efficiency could lift demand to 106 mbpd by 2035. Below 2-Degrees peaks at 102.2 mbpd this year, then 33.8 by 2050.

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Story summary

BP's Energy Outlook now shows global oil demand rising to 2030, revising 2025 peak.
Current Trajectory projects oil demand at 103.4 million barrels per day (bpd) in 2030, then 83 million bpd by 2050.
Low efficiency could lift demand to 106 mbpd by 2035. Below 2-Degrees peaks at 102.2 mbpd this year, then 33.8 by 2050.