Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020.The oil demand landscape is changing, and that could affect a range of companies from electric vehicle companies to airlines to oil producers, according to Goldman Sachs.
The firm doesn't anticipate peak oil demand this decade, but anticipates demand growth to be anemic beyond 2025. Much of that will be due to electrification, and the firm's estimates put demand for transport oil peaking in 2026. That said, the slowdown will be offset by growth for petrochemicals and jet fuel, according to analysts led by Nikhil Bhandari said.
Remember when oil prices plummeted during the Obama Admin? Putin did not like that at all Putin asked if Obama did that. Obama didn't even realize the oil price plummeted and affected Putin This is going to kill Putin
Pro .
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Pro Goldman pays to CNBC to turn retail investors to bagholders.
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