Over the next decade, the use of artificial intelligence in logistics and resource allocation could significantly reduce costs in the oil industry, potentially leading to an increase in supply and a consequent drop in prices by as much as $5 per barrel, according to a recent report by Goldman Sachs. The report suggests that the downward pressure on oil prices due to AI could diminish the revenues of oil-producing nations, including members of the Organisation of the Petroleum Exporting Countries (OPEC) and their allies, collectively known as OPEC+.

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