Goldman Sachs Predicts OPEC+ to Increase Oil Production by 550,000 bpd in September.

Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September, completing the unwinding of 2.2 million bpd of voluntary cuts. The bank forecasts crude production from the eight members to rise by 1.67 million bpd between March and September, reaching 33.2 million bpd, with Saudi Arabia driving more than 60% of the increase. Goldman maintains its Brent crude price forecast at $59 per barrel for Q4 2025 and $56 per barrel for 2026, citing offsetting factors such as supply misses and reduced spare capacity.