Goldman Sachs: Expects only a slight decline in Russian oil production

Jin10 Data September 16, news regarding the uncertainty of the second tariff related to Russian crude oil supply remains high, but Goldman Sachs expects only a slight decline in Russian oil production. Analysts stated: “Asian buyers continue to show a willingness to import Russian crude oil.” They pointed out that a greater risk comes from shrinking producer profits and operational bottlenecks caused by existing sanctions. Goldman Sachs noted that Ukrainian drone attacks have further exacerbated the risks - from August to September, attacks have caused approximately 300,000 barrels per day of Russian refining capacity to be halted. Analysts indicated that if the crude processing volume at refineries declines, and oil storage facilities or export channels reach capacity limits, Russian upstream producers may be forced to cut production.