# Oil Market Warnings Grow as OPEC+ Decision Nears - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Goldman Sachs and Morgan Stanley cut crude price forecasts this week on weak China demand and strong supply from the Americas. Libya's eastern authorities halted about 40% of national output in a dispute with the Tripoli government, but futures barely reacted. OPEC+ is scheduled to add 543,000 bpd in the fourth quarter and is weighing whether to proceed.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28975-oil-market-warnings-grow-as-opec-decision-nears-energy-news-top-headlines
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Bank forecast cuts and ample supply point to softer crude prices, which pressure energy-linked feedstock and biofuel margins. The muted reaction to Libya suggests the market is discounting supply risk.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- energynow.com: https://energynow.com/2024/08/oil-market-warnings-grow-as-opec-decision-nears/

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