Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
G Sachs: US Sanctions Against Russian Oil Industry Unlikely to Hit Hard on Output
Recommend 19 Positive 31 Negative 18 |
||||
|
||||
|
Broader U.S. sanctions on the Russian oil industry are unlikely to hit hard on Russian production, since higher freight rates have prompted non-sanctioned vessels to transport Russian crude, and increased discounts on ESPO crude have provided strong buying incentives for more price-sensitive traders and refineries, Goldman Sachs said in its report. Russian revenues from oil have hiked slightly since the last Biden administration imposed sanctions earlier this month. Goldman Sachs considered that Western policymakers will be more inclined to maximize discounts rather than reduce supply when enacting Russian oil sanctions in order to maintain market stability. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
