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Highlights From The BP Statistical Review Of World Energy 2021

R-Squared Energy

The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. For example, as I will detail below, oil demand fell dramatically last year, but we already know that it has largely recovered in 2021. Global coal consumption has been on a downward trend since peaking in 2014.

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The Future(s) of Fossil Fuels - 2020

Mr. Sustainability

As the coronavirus struck the global economy earlier this year, demand for oil dropped by more than a fifth and prices collapsed. Many sources now suggest that oil demand has already passed its peak. He even openly questioned whether oil demand will ever return to pre-pandemic levels. The industry as we once knew it, is gone.