(Reuters)-A potential ceasefire from Ukraine and the relaxation associated with sanctions against Russia are unlikely to considerably increase the oil flows in Russia, Goldman Sachs announced on Wednesday.
The administration of the American president Donald Trump said on Tuesday that she had agreed to hold more discussions with Russia to end the war in Ukraine.
“We believe that the production of crude oil from Russia is limited by its objective of production of OPEC + 9.0 million per day (MBPD) rather than by current sanctions, which affect the destination but not the volume of exports of exports oil, “said Goldman Sachs.
OPEC +, a grouping of the organization of oil exporting countries as well as Russia and other allies, pumps approximately half of world oil.
The bank assumes that OPEC + is likely to postpone its progressive rise in power in oil production to July this year from April, on increased compliance with OPEC + objectives by Russia and Russia and Russia and Russia and Russia and Russia and Russia Several other OPEC +producers, as well as continuous uncertainty surrounding American politics.
OPEC + pushed the plan to start increasing production until April, extending its last layer of cuts in the first quarter of 2025 in December due to low demand and the rise in supply outside group.
On Monday, the Russian news agency of Ria State reported that Russian Deputy Prime Minister Alexander Novak said that OPEC + producers did not consider other delays in the monthly increases in the oil supply .
Russia, as one of the best oil suppliers in the world, has substantial influence on markets and world oil prices.
Goldman Sachs continues to expect potential overlaps in positioning and evaluation to push Brent up to $ 79 a barrel later this month.
On Wednesday, the prices of the crude Brent was negotiated at around $ 76 per barrel at 0537 GMT. [O/R]
(Report by Anushree Mukherjee and Swati Verma in Bengaluru; edition by Janane Venkatraman)
