Despite a bullish stance on the short-term future of oil demand, Goldman Sachs has a grimmer prediction for the longer-term future of the commodity: in a Bloomberg report, the investment banking major was quoted as expecting “anemic” demand for oil from the transport sector after 2025. “Government policies driving higher efficiency gains and lower emissions have had the strongest bearing on road transport demand,” Goldman analysts said in the report.
“Petrochemicals will become the new baseload for oil demand, driven…Oil Demand Could Peak By 2026: Goldman Sachs
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