Oil Demand Set to Decline to 80-100 Million bbl/d by 2035, Says BP Economist

BP’s chief U.S. economist projects that global oil demand could fall to between 80-100 million barrels per day by 2035 in a net-zero scenario, driven by renewables and efficiency gains. While demand declines, BP emphasizes the need for continued investment in fossil fuels to manage a stable energy transition.