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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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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.