Goldman Sachs sees global oil demand growing through 2040
1. Goldman Sachs predicts oil demand will rise to 113 mbpd by 2040. 2. Challenges in low-carbon tech may sustain fossil energy reliance.
FAQ
Why Bullish?
Increased demand forecasts indicate a potential rise in oil prices. Historically, oil demand growth correlates with price surges, benefiting BNO's interests in oil ETFs.
How important is it?
Significant demand trend signals long-term price stability and potential growth for BNO, aligning with investment strategies.
Why Long Term?
Gradual demand rise over years allows for sustained investment in oil sectors. Similar cases include the 2000s oil boom driven by escalating demand projections.