Goldman Revises Oil Demand Forecast After IEA U-Turn
Affected assets and topics
Why it matters
Goldman Sachs has revised its oil demand forecast upwards, predicting 113 million barrels daily by 2040, a significant increase from its previous prediction of oil demand peaking in 2034.
Expected market reaction
Market impact analysis based on bullish sentiment with 76% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 10674
Original source
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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Original article published by OilPrice.com on November 14, 2025. Analysis and insights provided by AnalystMarkets AI.