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Goldman Sachs expects the eight-country OPEC+ group to deliver a final 0.41 million bpd production increase in August. The forecast is set out in a note dated June 1.
It is a bank projection rather than an official OPEC+ decision.
A forecast of further supply additions points to softer crude prices, which lowers energy and freight costs for feed buyers. The market effect depends on whether the group follows through.
reuters.comJun 2, 2025After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.
After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
