Analysts at Goldman Sachs raised their global oil demand forecast

  • said peak petroleum demand is at least a decade away
  • sees significant demand acceleration until 2034
  • estimate for 2030 demand increased by 2.5 million b/d to 108.5 million b/d
  • most of the global oil demand growth should come from Asian emerging markets

Info via Dow Jones (gated)

oil brent Goldman Sachs 29 May 2024 2