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M Stanley Foresees OPEC+ to Hike Output 3 More Times, Targets Brent Oil at US$57.5/Barrel in 2H25
In Morgan Stanley's anticipation, OPEC+ will continue to restore production over the next three months to suppress oil prices. This means that the reduction of 2.2 million bps ...
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M Stanley Foresees OPEC+ to Hike Output 3 More Times, Targets Brent Oil at US$57.5/Barrel in 2H25
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In Morgan Stanley's anticipation, OPEC+ will continue to restore production over the next three months to suppress oil prices. This means that the reduction of 2.2 million bps by October will be completely offset.

OPEC+ decided over the past weekend to raise production by 411,000 bps in July. Morgan Stanley cited the latest OPEC+ announcement that there are almost no signs that the pace of quota increases is slowing down, and higher quotas may create room for production increases in Saudi Arabia, Kuwait, and Algeria.

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Morgan Stanley forecast OPEC+ to lift daily production three times, each time by 411,000 barrels, forecasting the average price of Brent crude oil in 2H25 to be US$57.5 per barrel, and US$55 per barrel in 1H26.

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