Energy majors warn of falling fossil fuel demand

Energy majors warn of falling fossil fuel demand

It’s considered by the energy market as one of the most authoritative analyses of the global energy business. BP’s annual statistical review of world energy is crammed full of statistics and comments – much of it difficult reading for a company focused on oil and gas production.

In 2016, energy consumption worldwide grew by less than 1 per cent – following on from growth of only 0.9 per cent in 2015 and 1 per cent the previous year.

“The relentless drive to improve efficiency is causing global energy consumption overall to decelerate”, says Bob Dudley, BP’s chief executive. Read More…

Credit By: Eco-Business

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