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Global oil demand to grow through 2040, Goldman Sachs says (USO:NYSEARCA)

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Global oil demand to grow through 2040, Goldman Sachs says (USO:NYSEARCA)
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Nov. 15, 2025 8:35 PM ETUnited States Oil Fund, LP ETF (USO), UCO, XLE, XOPDBO, USL, SCO, BNO, GUSH, DRIP, USOIBy: Carl Surran, SA News Editor

imaginima/E+ via Getty Images

Global oil demand is projected to grow through at least 2040, driven by rising energy needs and ongoing challenges in scaling low-carbon technology and infrastructure, analysts at Goldman Sachs said in a report this week, a year after the bank predicted a peak



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