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Goldman's See's Resilient Russian Crude Production

OIL

Resilient Russian crude production levels so far may partly reflect that the effective price paid for Russian oil appears significantly greater than quoted assessments according to Goldman Sachs in a research note.

  • The bank expects Russian production to fall by 570kb/d March to June.
  • Lower Russian Production and a Chinese demand return remain Goldmans key drivers for $100/bbl Brent in December 2023.
  • The banks modelling suggest that Russian production has stayed firm above 11mb/d this year so far.




source: Goldman Sachs

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