# Goldman Sachs expects OPEC+ production increases to start in December | Reuters

> Goldman Sachs expects OPEC+ production increases to begin in December. The forecast follows the group's decision to delay planned hikes for October and November.

- Date: 2024-09-07 · published 2024-09-07T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/28243-goldman-sachs-expects-opec-production-increases-to-start-in-december-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A December start points to a return of supply to the market later in the year, which limits crude price gains. The outlook is a forecast based on a decision already reported.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +6.2% | +7.6% |
| WTI | 2026-07-05 | [OPEC+ approves further oil output increase as Hormuz exports start to recover \| Reuters](https://feedsoft.ai/events/18249-opec-approves-further-oil-output-increase-as-hormuz-exports-start-to-recover.md) | +3.9% | +23.4% |
| WTI | 2025-10-03 | [OPEC+ agrees to modest oil production increase for November](https://feedsoft.ai/events/22305-opec-agrees-to-modest-oil-production-increase-for-november.md) | +1.7% | +0.1% |
| WTI | 2022-07-18 | [OPEC+ Agrees to 100,000 bpd Oil Production Increase for September](https://feedsoft.ai/events/40406-opec-agrees-to-100-000-bpd-oil-production-increase-for-september.md) | -2.2% | -5.0% |
| WTI | 2025-07-05 | [OPEC+ members agree to larger-than-expected oil production hike in August](https://feedsoft.ai/events/23671-opec-members-agree-to-larger-than-expected-oil-production-hike-in-august.md) | +2.4% | +0.7% |
| BRENT | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +4.9% | +7.0% |
| BRENT | 2026-07-05 | [OPEC+ approves further oil output increase as Hormuz exports start to recover \| Reuters](https://feedsoft.ai/events/18249-opec-approves-further-oil-output-increase-as-hormuz-exports-start-to-recover.md) | +7.0% | +33.1% |
| BRENT | 2025-10-03 | [OPEC+ agrees to modest oil production increase for November](https://feedsoft.ai/events/22305-opec-agrees-to-modest-oil-production-increase-for-november.md) | +2.2% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/goldman-sachs-expects-opec-production-increases-start-december-2024-09-07/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.