10:39 AM EDT, 09/25/2025 (MT Newswires) -- BP (BP) said Thursday it now expects world oil consumption to keep rising until 2030, instead of 2025 as it projected a year ago, citing weaker-than-expected gains in energy efficiency.

In its Energy Outlook 2025, the latest iteration of its annual study of energy trends through 2050, the company lays out two scenarios: a Current Trajectory and a Below 2 degree pathway.

In the Current Trajectory, oil use grows through the rest of this decade before easing back, with primary energy oil falling to about 83 million barrels a day by 2050.

In the Below 2 degree pathway, oil falls much faster, to roughly 34 million barrels a day by 2050.

The report shows global electricity demand roughly doubling over the outlook period, with wind and solar energy providing most of the new supply, while it estimates power sector emissions to fall by about one-third in the Current Trajectory scenario.

The oil giant's report forecasts that rising electricity demand from data centers and artificial intelligence is a meaningful near-term driver.

Weaker efficiency, greater geopolitical fragmentation, or a delayed, disorderly policy push would raise fossil fuel use and emissions, according to the report.

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