Crude Oil Futures

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Goldman projects transportation fuel demand will peak in 2026

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Entry posted by hemanthaa@mail.com · April 16, 2021

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The bank brought forward its forecast for peak oil demand in the transportation sector by one year to 2026, if not sooner, largely due to the accelerating adoption of electric vehicles. Overall crude consumption will keep expanding this decade due to jet fuel and petrochemicals, but growth will be at an “anemic” pace past 2025.

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Crude Oil Futures

Goldman projects transportation fuel demand will peak in 2026

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