Goldman Sachs Research

Oil: Squaring Russia's Missing Barrels

10 MAR 2022
TOPIC: Europe

Escalating military conflict in Ukraine and the growing realization that imposed sanctions could meaningfully and sustainably reduce Russian exports, even with carve-outs for energy trade, has resulted in oil prices surging to their highest level since 2008. Given Russia’s key role in global energy supply, the global economy could soon be faced with one of the largest energy supply shocks ever. Goldman Sachs Research builds three scenarios in an attempt to provide an estimate of where oil prices are heading.

 

Goldman Sachs Research

Oil: Squaring Russia's Missing Barrels

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