'Potential to accelerate': BP trims oil and gas demand outlook, as renewables investment soars

James Murray
clock • 3 min read
'Potential to accelerate': BP trims oil and gas demand outlook, as renewables investment soars

Oil and gas giant cuts projected global oil and gas demand for 2035 by around five per cent, but warns some continued investment in new fossil fuel projects still required

BP has today published its annual Energy Outlook, trimming projected oil and gas demand for the next decade in response to the surge in clean energy investment triggered by Russia's invasion of Ukraine...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: British public concerned at prospect of reliance on US gas

Study: British public concerned at prospect of reliance on US gas

Three in five people said the UK should prioritise transitioning to renewable energy and net zero technologies to meet its future energy needs, as US imports rise 40 per cent in 2026

clock 01 May 2026 • 4 min read
UN climate chief: Fossil fuel crisis 'supercharging' global renewables boom

UN climate chief: Fossil fuel crisis 'supercharging' global renewables boom

Simon Stiell highlights 'immense irony' that some of the world’s biggest fossil fuel proponents are now ‘inadvertently supercharging the global renewables boom’

Michael Holder
clock 30 April 2026 • 4 min read
'The time is now': Santa Marta Conference closes with pledge to deliver new wave of fossil fuel transition roadmaps

'The time is now': Santa Marta Conference closes with pledge to deliver new wave of fossil fuel transition roadmaps

Inaugural Conference on Transitioning Away From Fossil Fuels advances plans for national and regional roadmaps, as Tuvalu and Ireland agree to co-host next summit

James Murray
clock 30 April 2026 • 4 min read