for Oil Demand
The IEAs latest World Energy Outlook predicts renewable energy will outcompete fossil fuels for new power generation—but more aggressive policies are needed to speed the pace of the energy transition.
The outcome of the election will have significant implications for the energy industry – but some trends are beyond White House control.
China's plans to achieve net-zero carbon emissions by 2060 is the latest high-profile development in the shift away from fossil fuels.
Even after historic cuts, lower demand means the oil market is still under pressure.
BP believes evolving policy, technological advances and COVID-19 mean peak oil demand will be reached in the 2020s—or has already happened.
Oil prices fall as the summer driving season ends, inventories remain high and refineries worldwide struggle with overcapacity.
In a sign of the times, ExxonMobil has been replaced on the Dow Jones Industrial Average by tech company Salesforce.
The oil market is close to rebalancing, and one big factor has been the steep decline in U.S. shale production.
OPEC+ is ramping up production just as the demand outlook has begun to deteriorate.
Behind the billions of dollars in write-downs is a substantially gloomier assumption about the long-term trajectory of the oil market.