As presented earlier this week by Bernard Looney (B.P. CEO) , we may have reached the liquid oil consumption peak this year. This can be explained by soaring energy demand amid COVID-19 scars, subsequent fossil fuel frozen investments and by increasing renewable energy production capacity at a higher rate than total world energy demand increase.
This is the first time a Major oil company integrate officially this trend in it's long term strategic plan, and shift radically from the "business as usual" model.
Good news on energy side! Unfortunately, COVID-19 pandemic has disastrous effect on hundred millions inhabitants, especially the poorest ones.
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