July 2 (Reuters) - GOLDMAN SACHS:
SAYS IT DOES NOT EXPECT A LARGE MARKET REACTION IF OPEC8+ DECIDES TO INCREASE PRODUCTION ON SUNDAY AS CONSENSUS HAS ALREADY SHIFTED TOWARDS THIS OUTCOME
ASSUMES THE AUGUST PRODUCT HIKE TO BE THE LAST ONE AS A LARGE INFLOW OF NON-OPEC EX SHALE PROJECTS SOFTENS THE BALANCE, BUT THE RISKS SKEW TO FURTHER OPEC+ QUOTA INCREASES AFTER AUGUST