OIL & USD - Markets & outlook
Brent Crude Oil - OIL:
September 9, 2025
- OPEC+ Announces Modest Output Increase: OPEC+ plans to raise oil production by 137,000 barrels per day starting October 2025, a smaller increase than anticipated. This decision aims to balance market supply and demand. (reuters.com)
- Goldman Sachs Revises 2026 Oil Surplus Forecast: Goldman Sachs projects a slightly larger oil surplus in 2026 due to increased supply in the Americas, offsetting a decline in Russian output. Despite this, the bank maintains its 2025 price forecasts. (reuters.com)
- Potential U.S. Sanctions on Russia: Following a significant Russian airstrike on Ukraine, the U.S. is considering new sanctions on Russian crude oil, which could tighten global supply and influence oil prices. (reuters.com)
- Saudi Arabia's Increased Oil Production: Saudi Arabia plans to boost its oil production from 9.07 million to 9.98 million barrels per day, enhancing its market share and political influence within OPEC+. (reuters.com)