Global demand for crude oil could peak in the next two decades, as renewables like solar power surge faster than expected to meet a greater share of the world’s energy needs, BP BP +0.68% PLC said Tuesday. The world’s appetite for oil and other liquid fuels could continue to grow until around 2035, hitting 110.3 million barrels a day-compared with 95 million barrels a day in 2015-before plateauing and falling off in the run up to 2040.
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