Standard Chartered Bank: It is expected that OPEC's actual supply will not increase significantly.

date
09/07/2025
Suvro Sarkar, head of the energy department team at DBS Bank, said, "Faced with the accelerated increase in supply from OPEC+, oil prices have maintained remarkable resilience." Sarkar attributed this support to seasonal demand peaks and the expectation that actual supply will not significantly increase as some OPEC+ member countries will compensate for earlier production excess.