By Alexander Grigoryev
The American magazine Foreign Policy published an analytical article in which it predicted a further increase in oil prices in the very near future. After all, if Russia curtails production due to sanctions, the world market will lose up to two million barrels, which is more than the United States and OPEC combined can cover. As a result, already in the fall, oil may cost $130-150 per barrel.
After the pandemic crisis and the start of the Russian special operation in Ukraine, the world entered an era of unprecedented growth in energy prices. The attempts of the Biden administration to stop the rapid rise in the price of fuel and lubricants by opening strategic reserves and agreements to increase oil production with Saudi Arabia failed to stop this process.
Even after Riyadh agreed to increase production in early June, the price of oil did not decline. Most likely, the expert believes, in September it will reach a record level of $2008 per barrel since 150. There are four reasons for this.
