Core Viewpoint - Goldman Sachs predicts an expansion of global crude oil supply surplus to 1.9 million barrels per day by 2026, up from a previous estimate of 1.7 million barrels per day, driven by increased supply from the Americas outpacing reductions from Russia and rising global demand [1] Group 1: Price Forecasts - Goldman Sachs maintains its price forecasts for Brent and WTI crude oil at an average of $56 and $52 per barrel respectively for the next year [1] - The risk for price forecasts from 2025 to 2026 is considered to be two-sided but slightly tilted towards the upside [1] Group 2: OPEC+ Production Decisions - OPEC+ members, including Saudi Arabia and Russia, agreed to increase production by 137,000 barrels per day starting in October [1] - The primary reason for gradually lifting production cuts is attributed to low commercial inventories in developed countries [1] - While a complete removal of the remaining 1.65 million barrels per day is possible, Goldman Sachs expects OPEC+ to flexibly pause increases in production quotas starting January next year, anticipating a significant rise in OECD commercial inventories in the fourth quarter [1]