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Goldman Sachs said non-OPEC+ output growth should slow by about 0.3 million bpd over 12 months for each $10 per barrel drop in Brent when prices are above $70. The bank's comment links supply response to the current price level.
Slower non-OPEC+ supply growth at lower prices can limit the downside in crude. This keeps energy input costs for feed producers from falling sharply.
reuters.comMar 24, 2025Not enough comparable past events yet for a historical read.
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.
