EMEA > Africa > Oil major sees peak demand by 2030, but slow decline to 2050

Oil major sees peak demand by 2030, but slow decline to 2050

Published 13:36 on September 26, 2025 / Last updated at 15:03 on September 26, 2025 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Pacific), EMEA (Africa, Europe, Middle East), Net Zero Transition (Industrial Decarbonisation, Power/Electrification, Transport & Heating Fuels)

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BP sees global oil demand peaking in 2030 and then easing slowly out to 2050 to leave the world missing its Paris Agreement target, though the report will likely have been produced before China announced a pledge to cut emissions up to 10% by 2035.
BP sees global oil demand peaking in 2030 and then easing slowly out to 2050 to leave the world missing its Paris Agreement target, though the report will likely have been produced before China announced a pledge to cut emissions up to 10% by 2035.


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