OGJ Newsletter

07/06/2009
General Interest — Quick Takes             BP reports fastest oil demand fall since 1982Worldwide oil demand has fallen at its fastest rate since 1982, according to BP PLC’s statistical review of world energy.Tony Hayward, chief executive officer of the company, said global oil production will fall because of dwindling demand and improvements in energy efficiency. Last year, oil consumption in the developed world fell by 1.6%—the largest decline since 1982. This trend is expected to continue.For the first time, the developing world led by China consumed more energy than OECD countries: China represented nearly t...
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