{"id":373614,"date":"2020-09-15T09:19:05","date_gmt":"2020-09-15T03:49:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373614"},"modified":"2020-09-15T09:43:28","modified_gmt":"2020-09-15T04:13:28","slug":"has-global-oil-demand-hit-peak-bp-says-its-possible","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/has-global-oil-demand-hit-peak-bp-says-its-possible\/","title":{"rendered":"Has global oil demand hit peak? BP says it&#8217;s possible"},"content":{"rendered":"<p>Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain&#8217;s BP predicted Monday. <\/p>\n<p>At the same time, the oil cartel OPEC has revised its forecast for global demand lower this year and next for essentially the same reasons.<\/p>\n<p>London-listed oil giant BP, which is seeking to achieve net zero carbon emissions by 2050, has issued three new forecast scenarios &#8212; under which the industry would embrace green energy to varying degrees &#8212; in its Energy Outlook 2020 report.<\/p>\n<p>Under BP&#8217;s two most optimistic scenarios, oil demand has already passed its peak and may never recover from the long-lasting coronavirus-induced collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain&#8217;s BP predicted Monday. At the same time, the oil cartel OPEC has revised its forecast for global demand lower this year and next for essentially the same reasons. London-listed oil giant BP, which is seeking to achieve net zero carbon emissions by 2050, has issued three new forecast scenarios &#8212; under which the industry would embrace green energy to varying degrees &#8212; in its Energy Outlook 2020 report. Under BP&#8217;s two most [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-373614","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373614"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373614\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}