WorldOil

The growing fear among many traders is that oil demand, which averaged just over 100 MMbpd in 2019, may contract by the most ever this year, even surpassing the 2.65 MMbpd registered in 1980, when the world economy crashed after the second oil crisis.

The 2017 edition of the BP Statistical Review of World Energy, published today, shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.