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11 Mar 2024 Asian oil demand growth in focus

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birdman29

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25/06/24

09:03

Post #: 74471881
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Originally posted by birdman29: ↑

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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11 Mar 2024

Asian oil demand growth in focus
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