May 29, 2024 16:14 GMT
Goldman Sachs Sees Oil Demand Peaking in 2034
OIL
Goldman Sachs expect global oil demand to peak in 2034, according to its analyst Dean Struyven, cited by Bloomberg.
- Regarding 2024, Golman Sachs sees solid oil demand, with prices at current levels possibly prompting restocking in places like China, he said.
- He added that the refining industry remains tight. This contrasts with the upstream industry which is not tight thanks to productivity gains in US shale.
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