Goldman Sachs: oil price growth will not stop if OPEC+ increases production

Even if OPEC+ increases oil production by 1 mln bpd, oil prices will not stop rising, according to Goldman Sachs. The Goldman Sachs believes that oil prices will not stop rising. In this case, its price will be around $77 to $78 per barrel. With a less less active increase in production, the bank predicts it will be at $80. Goldman believes that in reality the alliance will increase production by about 500 barrels a day. Approximately the same figures are expected to other experts, a Bloomberg survey showed - most of them are inclined to believe the increase in August will be about 550 b/d. The OPEC+ monitoring committee is expected to meet today, previously scheduled for Wednesday. According to Bloomberg, the alliance decided to postpone it because it decided to The alliance decided to postpone the meeting because it decided to give the member countries more time for negotiations Before it began. The purpose of such a step - to give them an opportunity to resolve disputed issues before the meeting.