Sanctions on Russia, along with insufficient investment into production, will cause a “serious problem” next year, a top analyst has warned Oil will soar back above $100 a barrel this year, while dwindling global output and declining production in Russia due to Western sanctions may lead to supply problems in 2024, Goldman Sachs has warned. According to the Wall Street bank’s top commodity analyst Jeffrey Currie, who spoke on the sidelines of a conference in Saudi Arabia on Sunday, Western sanctions should trigger a slump in Russian oil supplies at the same time as recovering demand in China drives oil prices abov
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