World oil demand could peak in 2024 on higher vehicle efficiency - Goldman Sachs

SINGAPORE - Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman Sachs said in a research note on refining on Monday.

Economic expansion in emerging markets - led by India - may stave off reaching a peak until 2030, although deman