Goldman Sachs sees OPEC8+ raising oil output by 0.41 mb/d in August

June 2 (Reuters) - Goldman Sachs anticipates OPEC8+ will implement a final 0.41 million barrels per day (mb/d) production increase in August and maintain steady production levels starting in September, the bank said in a note dated Sunday.

Goldman maintained its cautious oil price forecast, projecting Brent crude to average $60 per barrel and West Texas Intermediate (WTI) $56 per barrel for the remainder of 2025. For 2026, it sees Brent at $56 and WTI at $52 per barrel, citing strong supply growth outside of U.S. shale as a primary factor.