Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-34973

• The oil market could see a supply crunch, Goldman Sachs said.
• Oil demand will rise for another 10 years, though producers are pulling back on new investment.
• The bank estimated oil demand would peak around 110 million barrels a day in 2034.

Jun 25, 2024, 2:18 AM

The investment bank estimated the world's oil demand would continue to rise for at least the next 10 years, with crude demand peaking at around 110 million barrels a day in 2034. That's due to rising oil demand in Asia and increasing demand for petroleum products, the analysts said.

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