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Goldman Sees Output Decline If Oil Drops Further

Summary by OklahomaMinerals.com
Goldman Sachs says a drop in oil prices could significantly impact production growth outside the OPEC+ alliance, especially if Brent crude falls below $70 per barrel. According to a report released Monday, the Wall Street giant estimates that for every $10 per barrel decline in Brent prices above $70, non-OPEC+ output growth would shrink by around 300,000 barrels per day over the course of a year. Looking ahead to 2026, the bank forecasts non-OP…
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OklahomaMinerals.comOklahomaMinerals.com

Goldman Sees Output Decline If Oil Drops Further

Goldman Sachs says a drop in oil prices could significantly impact production growth outside the OPEC+ alliance, especially if Brent crude falls below $70 per barrel. According to a report released Monday, the Wall Street giant estimates that for every $10 per barrel decline in Brent prices above $70, non-OPEC+ output growth would shrink by around 300,000 barrels per day over the course of a year. Looking ahead to 2026, the bank forecasts non-OP…

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Energy News for the United States Oil & Gas Industry | EnergyNow.comEnergy News for the United States Oil & Gas Industry | EnergyNow.com

Goldman Sachs Expects Non-OPEC+ Production Growth to Slow With Decline in Brent Prices - Energy News, Top Headlines, Commentaries, Features & Events

Goldman Sachs on Monday said it expects non-OPEC+ output growth to slow by about 0.3 million barrels per day (mb/d) over a 12-month period for every $10 per barrel decline in oil prices when Brent crude is above $70.   The Wall Street bank estimates 2026 non-OPEC+ supply growth to decrease from 1.05 mb/d to ...

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Energy News for the United States Oil & Gas Industry | EnergyNow.com broke the news in on Tuesday, March 25, 2025.
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