Goldman Sachs Sees OPEC8+ Maintaining Production Flat After 411KB/D Increase In July
ReutersMay 28, 2025 9:57 AM
May 28 (Reuters) - GOLDMAN SACHS:
EXPECTS OPEC8+ TO ANNOUNCE ONE LAST 411KB/D PRODUCTION INCREASE IN JULY
ASSUMES OPEC8+ WILL KEEP REQUIRED PRODUCTION FLAT AFTER THIS LAST JULY PRODUCTION HIKE AS A LARGE INFLOW OF NEW EX-SHALE PROJECTS ENTERS THE MARKET LATER THIS YEAR, ECONOMIC GROWTH DECELERATES NOTICEABLY IN Q3 UNDER TARIFF PRESSURE, AND THE PACE OF BUILDS IN OIL STOCKS PICKS UP
SEES RISKS TO THEIR OPEC8+ SUPPLY PATH AS SKEWED TO UPSIDE, ESPECIALLY IF COMPLIANCE DOESN'T IMPROVE OR IF HARD DEMAND DATA SURPRISE FURTHER TO UPSIDE
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