On June 11th, BP held the press conference of "BP World Energy Statistics 2008". The Covenant of Jiang Fan, the business office of the British Embassy, ​​was invited to attend. BP CEO Hee Hee Wah and chief economist Christopher Ruhr believe that the international energy market will present four major trends.
Trend 1. Under the background of market-oriented reforms replacing planned economies, world economic growth is more flexible and dependence on energy continues to fall.
Trend 2, the impact of energy consumption in developing countries is more pronounced than in developed countries because the process of industrialization requires electricity supply, and the improvement of living standards requires transportation fuels.
Trend 3: In the three major energy markets of oil, natural gas and coal, oil is subject to the investment ability of the private sector, while natural gas and coal are being integrated internationally and globally.
In trend 4, the price is an effective market leverage, and the liberalization of the global energy market is an inevitable process.
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