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2025-09-16 19:56:41
[Goldman Sachs: Russia's oil production is expected to decline only slightly] Uncertainty related to the secondary tariffs on Russian crude oil supplies remains high, but Goldman Sachs expects Russia's oil production to decline only slightly. "Asian buyers continue to express their willingness to import Russian crude oil," said analysts. They pointed out that the greater risk comes from shrinking profits for producers and operational bottlenecks caused by existing sanctions. Goldman Sachs said that the Ukrainian drone attack has further exacerbated the risk - from August to September so far, the attack has caused Russia's refining capacity of about 300,000 barrels per day to stagnate. Analysts said that if refineries' crude oil processing volume declines and oil storage facilities or export channels reach their capacity limits, Russian upstream producers may be forced to cut production.
