BP group chief executive Bob Dudley’s prognosis of future energy trends is cobbled on a growing demand for energy and a gradual move toward non-fossil fuel sources. Dudley was one of the featured speakers at the IHS CERAWeek conference in Houston on March 6.

“For many years it’s been clear that demand is rising, and that trend has stayed constant. But there has been a lot of change in where the supply is coming from,” he said.

Dudley and BP estimate that global energy demand will grow by more than ...