SINGAPORE, Sept 9 (Reuters) - Oil prices are still

subject to downside into 2025-2026 amid a surplus market, Daan

Struyven, head of oil research at Goldman Sachs ( GS ) told the

APPEC 2024 conference.

He said OPEC is likely to go ahead with gradual and moderate

production increases in the next few quarters.

Goldman Sachs ( GS ) adjusted its expectations for OPEC+ oil

production, according to a note from the bank last week, saying

it expects three months of production increases starting from

December instead of October.