(Reuters) -A potential Ukraine stops -the fire and the corresponding relaxation of the sanctions against Russia is unlikely that the Russian oil flows increase considerably, Goldman Sachs said on Wednesday.
The government of US President Donald Trump said on Tuesday that it had agreed to have more conversations with Russia in the end of the war in Ukraine.
“We believe that the production of crude oil from Russia is limited by its OPEC+ 9.0 million barrels per day (MBPD) production objective instead of current sanctions, which influence the destination, but not the volume of oil exports, “said Goldman Sachs.
OPEC+, a grouping of the organization of the Petroleum -Exporting countries together with Russia and other allies, pumps around half of the world’s oil.
The bank assumes that OPEC+ is likely to postpone its planned gradual increase in oil production until July of April, from April, about increased compliance with OPEC+ objectives by Russia and various other OPEC+ producers, as well as constant uncertainty about American policy.
OPEC+ pushed the plan to increase the output until April, which extended the newest layer of cutbacks in December the first quarter of 2025 was expanded due to a weak demand and rising delivery outside the group.
On Monday, the Russian news agency of the Ria State Ria -Vice Prime Minister Alexander Novak reported that the OPEC+ producers are not considering considering further delays in the monthly raising of the oil supply.
Russia, as one of the world’s top oil suppliers, has a significant influence on global oil markets and prices.
Goldman Sachs continues to expect that potential recovery in positioning and appreciation will push up to $ 79 per barrel later this month.
Brent rough prices on Wednesday with around $ 76 per barrel per barrel on Wednesday 0537 GMT. [O/R]
(Reporting by Anushree Mukherjee and Swati Verma in Bengali; adaptation by Janane Venkatraman)
