Pioneer CEO Sees Oil Rising $5-$10 in Next Few Weeks Add Goldman Sachs Group Inc. to the list of forecasters calling for oil demand to peak sooner rather than later. 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. Goldman is the latest to reevaluate what the end of demand growth will look like for oil. Among the most aggressive calls is that from BP Plc , which said last year that the era of oil demand growth may already be over. Most recently, Wood Mackenzie Ltd. warned of the “severe” risks for oil companies not preparing for an accelerated energy transition. In […]