In its latest outlook, BP has bumped down its forecasts for fossil fuel demand, while lifting up its estimates for nuclear and renewables. The outlook, one of the energy sector’s most closely read studies, looks ahead to 2050 and lays out a few potential scenarios for the evolution of the energy sector.
Under the most talked about (and most realistic) “New Momentum” scenario, which is designed to “reflect the current broad trajectory” of the world’s energy system, oil demand would fall to about 93 million barrels a day in 2035 – about 5.5% less than BP was forecasting just a year ago – while demand for natural gas would be 6.4% lower. Demand for nuclear power would be 2.1% higher than previously forecast, and r
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With all this volatility, you may want to write that useful old adage down.
These spreads have widened, foreshadowing volatile days ahead.
When bond volatility is this hot, compared to stocks volatility, it’s a warning sign.