---
title: "Goldman Sachs: Expects global oil demand to continue growing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265948903.md"
description: "Goldman Sachs analysts stated that driven by the continuous growth in energy demand and the challenges of scaling low-carbon technologies, global oil demand is expected to continue growing until 2040. Oil demand is projected to reach 113 million barrels per day, up from 103.5 million barrels per day last year, thanks to the lack of alternatives for jet fuel and petrochemical products, the boost from artificial intelligence, and the overall growth in global energy demand expected to outpace the rate at which oil is replaced by low-carbon alternatives. Analysts at the American bank said, \"We expect an average annual demand growth of 900,000 barrels per day between 2025 and 2030, slowing to 100,000 barrels per day by 2040.\""
datetime: "2025-11-14T14:20:59.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/265948903.md)
  - [en](https://longbridge.com/en/news/265948903.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265948903.md)
---

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# Goldman Sachs: Expects global oil demand to continue growing

According to a report from Jin10 Data on November 14, analysts at Goldman Sachs stated that global oil demand is expected to continue growing until 2040, driven by increasing energy demand and challenges in scaling low-carbon technologies. Oil demand is projected to reach 113 million barrels per day, up from 103.5 million barrels per day last year, thanks to the lack of alternatives for jet fuel and petrochemical products, the boost from artificial intelligence, and the overall growth in global energy demand expected to outpace the rate at which oil is replaced by low-carbon alternatives. Analysts at the American bank stated, "We expect average annual demand to grow robustly by 900,000 barrels per day between 2025 and 2030, before slowing to 100,000 barrels per day by 2040."

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