{"id":386668,"date":"2020-11-28T09:21:54","date_gmt":"2020-11-28T03:51:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386668"},"modified":"2020-11-28T09:59:56","modified_gmt":"2020-11-28T04:29:56","slug":"coronavirus-pandemic-brings-forward-predictions-for-peak-oil-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-pandemic-brings-forward-predictions-for-peak-oil-demand\/","title":{"rendered":"Coronavirus pandemic brings forward predictions for peak oil demand"},"content":{"rendered":"<p>The Covid-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world&#8217;s demand for oil may peak. <\/p>\n<p>The rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand. <\/p>\n<p>While there is no consensus on when oil demand could peak, the revised predictions mark a boon to the fight against climate change and could weigh on oil companies&#8217; plans to explore for and develop new resources. <\/p>\n<p>BP &#8211; Could be as early as 2019 <\/p>\n<p>BP forecasts Covid-19 will knock around 3 million barrels per day (bpd) off by 2025 and 2 million bpd by 2050 in its central scenario.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Covid-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world&#8217;s demand for oil may peak. The rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand. While there is no consensus on when oil demand could peak, the revised predictions mark a boon to the fight against climate change and could weigh on oil companies&#8217; plans to explore for and develop new resources. BP &#8211; Could be as early as 2019 BP forecasts Covid-19 will [&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-386668","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\/386668","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=386668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}