Goldman Sachs Sees OPEC+ Pausing Output Hikes After Next Meeting
Key members of OPEC+ have so far announced the restoration of 1.78 million barrels a day of supply that they’d voluntarily held back.
Photographer: Ahmad Al-Rubaye/AFP/Getty Images
The OPEC+ oil producer alliance is likely to make its next hike in collective output its last for a while, according to Goldman Sachs Group Inc.
With the producer club nearing the end of a first-phase of jumbo output hikes, the market’s attention is turning to what what will come after. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. Focus is now on the group’s intentions for those barrels.