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Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day (bpd) in September. 
It stated in a note reported by Reuters on Thursday that the alliance’s production quota is likely to remain unchanged after September, indicating a trend toward stable supplies in the coming period.
This comes after the alliance approved a production increase of approximately 548,000 bpd in August, a move that represents a further acceleration in the pace of supply increases.
The expected increase for September is the largest so far this year, exceeding the previous monthly increases of 411,000 bpd approved for May, June, and July, and 138,000 bpd day in April.
Logo ofOPEC+
Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day (bpd) in September.
It stated in a note reported by Reuters on Thursday that the alliance’s production quota is likely to remain unchanged after September, indicating a trend toward stable supplies in the coming period.
This comes after the alliance approved a production increase of approximately 548,000 bpd in August, a move that represents a further acceleration in the pace of supply increases.
The expected increase for September is the largest so far this year, exceeding the previous monthly increases of 411,000 bpd approved for May, June, and July, and 138,000 bpd day in April.
