An extraordinary year

BP Statistical Review reports huge drop in energy use, carbon emissions in 2020

Alan Bailey

for Petroleum News

The COVID-19 pandemic caused a massive drop in energy consumption during 2020, mainly as a consequence of a fall in oil usage, according to BP’s annual Statistical Review of World Energy. The drop in oil consumption came primarily as a result of the pandemic related shutdown and the crash in transpo....

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Drop in global demand

Initial oversupply

Natural gas demand

Electricity consumption