Goldman: OPEC+ Unlikely To Open The Taps Despite U.S. Calls

OPEC+ is unlikely to respond with increased production to the U.S. calls amid the surging Delta variant, which is set to dampen short-term oil demand, Goldman Sachs says. Earlier this week, the White House called on the OPEC+ group to increase oil production more than they had planned in order to tame rising gasoline prices that could derail the global economic recovery. U.S. National Security Advisor Jake Sullivan said in a statement that “We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices.”…