Goldman Revises Oil Demand Forecast After IEA U-Turn

15 Nov 2025 | Category: Business

Goldman Sachs commodity analysts have followed suit with the International Energy Agency, revising their predictions for oil demand much higher. By 2040, oil demand could expand to 113 million barrels daily, the analysts wrote in a note, as cited by Bloomberg. That would compare to 103.5 million barrels in 2024. It would also compare to a previous Goldman prediction of oil demand peaking in 2034. The revision follows the International Energy Agency’s latest World Energy Outlook, in which the IEA admitted oil and gas demand could continue...

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