Core Insights - Goldman Sachs projects global oil demand to increase from 103.5 million barrels per day (mbpd) in 2024 to 113 million mbpd by 2040, indicating a growth driven by rising energy needs and challenges in low-carbon technology and infrastructure [1] Demand Growth - The anticipated growth in oil demand reflects ongoing global energy requirements, suggesting that traditional energy sources will continue to play a significant role in meeting these needs [1] Challenges in Low-Carbon Technology - The report highlights that ongoing challenges in low-carbon technology and infrastructure are contributing factors to the sustained demand for oil, indicating that the transition to alternative energy sources may not be as rapid as some forecasts suggest [1]