How OPEC+ refusal to accelerate production will affect oil prices – experts

Last week, as mentioned earlier, OPEC+ decided to stick to its previous rate of oil production increase, refusing to accelerate it. Experts gave forecasts as to how this would affect oil prices. According to analysts from Goldman Sachs, the conflict between the U.S. and the alliance, as well as the lack of supply on the world market will lead to higher prices. Volumes of the latter are still insufficient, and even if the U.S. will use its reserves, it will not help correct the situation, because they will be enough for a short time. In this case such a step, according to analysts, threatens with negative consequences next year. A similar point of view is held by UBS. According to the bank, the Alliance's decision could prompt the U.S. to begin using its reserves, which, however, will not solve the problem of the deficit and will raise prices to $90. This is echoed by Again Capital - if the United States begins to use its reserves, the price increase is inevitable, and with the early onset of cold weather, they can reach $100.