Russian oil revenues much higher than reported – Goldman Sachs ...News

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Russian oil revenues much higher than reported – Goldman Sachs
source : Russia Today ( News ) () 17
Buyers paid more than the quoted price, the investment bank says Importers of Russian oil have increasingly paid more for the commodity than quoted prices to buffer the impact of Western sanctions, Oil Price reported, citing a note by Goldman Sachs published earlier this month.   The US investment bank revealed that the spread between the average effective price paid and the quoted crude price has widened since last March, and reached around $25 per barrel in December.   “We argue that the resilience in production so far may partly reflect that the effective price paid for Russian oil appears significantly greater

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