Goldman Sachs: Oil Demand to Surge, Despite Net-Zero Efforts
Update: 2025-11-14
Description
Goldman Sachs revises oil demand forecast, predicting a surge to 113 million barrels daily by 2040, contradicting earlier predictions of peak demand by 2034. This shift is attributed to slower-than-expected progress in net-zero policies and a continued reliance on traditional energy sources. The analysts anticipate a long plateau for road oil demand post-2030, suggesting a potential return to government priorities focused on energy security.
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