Goldman Sachs Anticipates 410,000-Barrel Oil Supply Increase
Goldman Sachs expects OPEC+ to announce a second consecutive supply increase for June due to modest compliance from Kazakhstan and lower-than-expected OECD inventories. The bank now forecasts a 410,000-barrel-per-day (bpd) increase, three times the level agreed in December. The expected increase is attributed to Saudi Arabia’s ability to handle lower oil prices and the market’s … Read more