Outlook sees oil remaining top until 2030

BOTH BHP and BP say that crude will continue to dominate in their recent outlooks. Or at least it will until 2030.

Outlook sees oil remaining top until 2030 Outlook sees oil remaining top until 2030 Outlook sees oil remaining top until 2030 Outlook sees oil remaining top until 2030 Outlook sees oil remaining top until 2030
 
The BP energy outlook says that global oil demand growth has been at the highest level for the fifth year running since the super-cycle of the 2006. 
 
Strong demand growth over the last financial year saw crude rise by around 1.7 million barrels a day, which equates to about 1.6% year-on-year. 
 
This demand continued into the new calendar year in 2018. 
 
Crude prices trended upwards over the last six months from around US$60 per barrel for Brent, to a range between $70 and $80 bbl.  
 
"The strong performance of the oil price over the last eighteen months has surprised us in scale, but not in direction," the BHP economic ...

topics

loader