The key Middle Eastern members of oil cartel OPEC are under pressure for an increase in production after a warning from Goldman Sachs that prices could hit a peak of $95 a barrel by the end of the year.
Goldman Sachs said in a research note oil prices could reach $90 a barrel this autumn and $95 a barrel by the end of the year if the Organization of the Petroleum Exporting Countries does not ease production cuts that have helped tighten global markets.
From RTE Business
HT: Infectious Greed
