Annually, BP produces an informative and broad-based review and prediction of energy production and usage. There is a 6½ minute video presentation by BP Group Chief Economist, Spencer Dale, which summarises the contents of the report. On the same page as the video presentation, there is a link to the Energy Outlook launch webcast hosted by BP Chief Executive, Bob Dudley, assisted by Spencer Dale, held on 25th January 2017.
Spencer Dale commented, “…The main story in this year’s Energy Outlook is about energy transition that is taking place and is likely to continue to take place over the next 20 years. On the demand side, there’s a shift in the pattern of demand, away from the US and Europe to the fast growing Asian markets. On the supply side, the story is one of a continuing shift in the fuel mix towards lower carbon fuels…”