After the Organization of Petroleum Exporting Countries and its allies (OPEC+) announced an increase in its crude production, the American bank Goldman Sachs has revised its oil price forecasts downwards for the current year and next year. It was last Sunday, May 4.

The Wall Street Bank announced in a note sent to its customers that the average price of a barrel of Brent, which serves as the reference price for much of the world's oil production, is expected to reach $60 in 2025, against a previous forecast of $63 dated April 14. Next year, the average price of a barrel of Brent is expected to be around 56 dollars, which is 2 dollars less than the estimate announced by Goldman Sachs in April. Eight OPEC+ member countries, including Saudi Arabia and Russia, declared on Saturday, May 3, that they would increase their production by 411,000 barrels/day in June 2025, almost triple the volume initially planned (137,000

The Organization of Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth for 2025, to 1.30 million barrels per day (bpd), a drop of 150,000 bpd from the forecast of the previous month eacute; ceding, in its monthly report published on 14 April last. This downward revision is mainly due to the data received for the first quarter of the current year and the economic impacts of the tariffs announced by the United States.