<< Back             Poser >> Goldman Sachs:Global Oil Demand to Grow Through 2040 Goldman Sachs has projected that global oil demand will grow through at least 2040, driven by rising energy needs and ongoing challenges in scaling low-carbon technology and infrastructure, a year after the bank predicted a peak by 2034. Goldman’s above-consensus outlook came just days after the International Energy Agency (IEA) said oil demand would continue to grow over the next several decades, and a year after predicting demand would peak by the end of the decade. The bank forecast global oil demand will grow to 113 million bbl/day in 2040 from 103.5 million bbl/day in 2024, with annual average oil demand growth to remain solid at 900,000 bbl/day in 2025-30, before slowing gradually to 100,000 bbl/day by 2040, with a likely long plateau in the early 2040s. Key factors Goldman cited for its view include limited alternatives for jet fuel and petrochemicals due to technology bottlenecks, an indirect boost from AI-driven gross domestic product growth, and an overall increase in global energy demand that is expected to outpace the rate at which oil is replaced by low-carbon alternatives. Thisday Business News	BoG to launch continental fintech sandbox, innovation hub …Plans separate fintech law as Africa digital finance drive gains momentum By Joshua Worlasi AMLANU The Bank of Ghana plans to establish a continental fintech sandbox, launch a national innovation hub and introduce a separate legal framework for fintech regulation, as the central bank steps up efforts to position Ghana as a regional digital finance […] Price of 50kg local rice rises 20.5% to N112,000 —NBS By Elizabeth Adegbesan THE National Bureau of Statistics, NBS, said the average price of 50kg local rice (short grains) rose by 20.5 percent in March 2026 to N112,000 from N92,946 in February 2026. NBS disclosed this yesterday in its Selected Food Price watch report for March 2026. However, recent findings by Vanguard showed that the price […] FG moves to clear Apapa, Tin Can Port corridors The Presidential Enabling Business Environment Council, PEBEC, has announced plans to commence a two-day clean-up and enforcement exercise along the Lagos port corridors as part of efforts to improve trade facilitation and enhance efficiency at the nation’s seaports. The operation, scheduled for May 14 and 15, 2026, will be carried out through PEBEC’s Ports and Customs […] 3 IPOs in 6 months add GH¢11bn to GSE market cap … as listing revival gathers pace By Ebenezer Chike Adjei NJOKU The Ghana Stock Exchange (GSE) is on course to record its most active period of primary equity issuance in nearly a decade, with three initial public offerings in the space of six months set to add around GH¢10.88 billion to the exchange’s total market […] NPA cargo throughput hits 32.38m tons, vessel tonnage up 19.5% Nigeria’s maritime sector recorded strong growth in the first quarter of 2026, as the Nigerian Ports Authority, NPA, posted a 19.5 per cent increase in vessel tonnage to 46.75 million Gross Registered Tonnage, GRT, while cargo throughput rose to 32.38 million metric tons. ECG commissions 37 new transformers in Ashanti Region The Electricity Company of Ghana (ECG) says it has commissioned 37 new transformers in parts of the Ashanti Region to enhance electricity supply and tackle persistent low-voltage challenges.