Reported 2 days ago
Goldman Sachs states that a potential ceasefire in Ukraine and the easing of sanctions will likely not lead to a significant increase in Russian oil production. The firm believes Russia's output is limited by its OPEC+ target of 9 million barrels per day, rather than sanctions affecting export volumes. The bank also expects OPEC+ to delay any production increases initially planned for April, continuing to influence global oil markets and prices.
Source: YAHOO