Goldman Sachs analysts are forecasting another aggressive oil production move from OPEC+ this September, signaling the possibility of a “superhike” in prices driven by extended supply cuts and tightening global inventories. The investment bank anticipates that the oil-producing bloc, led by Saudi Arabia and Russia, may deepen or extend its current supply curbs to keep Brent crude prices above the $80–$90 per barrel range.
According to Goldman’s latest commodities outlook, demand from emerging markets, especially China and India, is expected to stay resilient in the second half of 2025, while non-OPEC supply growth may begin to slow. These conditions create a favorable environment for OPEC+ to exert more control over global pricing.
The term “superhike” refers to either a significant increase in oil prices through deeper cuts or a more aggressive coordination of voluntary reductions by major producers. A similar strategy earlier this year helped buoy prices despite global economic uncertainty and sluggish recovery in parts of Europe and Asia. 
Analysts at Goldman believe that OPEC+ remains focused on maintaining a tight market balance, particularly as many member nations rely on oil revenues to fund domestic budgets and long-term economic transformation plans.
The market reaction to any announcement in September could be swift, with potential ripple effects across energy-importing countries, inflation trajectories, and central bank policies worldwide. Traders and policymakers alike will be closely watching the next OPEC+ meeting for signs of another bold move.
