BP CEO sees demand peaking before supply

摘要

London-World oil demand is likely to peak some time after 2020 at a level between 95 million b/d and 110 million b/d, BP chief executive Tony Hayward said February 4.Hayward, interviewed on BBC Radio 4's Today program, was asked when the world's oil resources would start to decline."Our view is that this will be a demand-side phenomenon, not supply side, meaning that world demand will peak before supply peaks," he said, adding that there was "plenty of oil in the world."