Goldman Sachs claims China-led EV surge could cut oil demand by 2027

U.S. banking giant, Goldman Sachs, is projecting that rapid electric vehicle adoption, majorly due to higher fuel costs tied to disruptions near the Strait of Hormuz and the US-Iran war, could reduce global oil demand by up to 320,000 barrels per day by the end of 2027. In a research note published on Sunday June...