Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal

Reuters

21 hours ago

Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal

Nov 26 (Reuters) - GOLDMAN SACHS:

ESTIMATE DOWNSIDE RISKS TO CRUDE PRICES, AND ESPECIALLY REFINED OIL PRODUCT PRICES, IF SANCTIONS ON RUSSIA'S OIL SECTOR WERE TO BE LIFTED
SAYS ITS BASE CASE STILL ASSUMES A STATUS QUO FOR SANCTIONS ON RUSSIAN OIL, AN EXTENSION OF THE RECENT DOWNWARD TREND IN RUSSIA PRODUCTION, AND A DECLINE IN BRENT/WTI OIL PRICES TO $56/52 IN 2026 ON STRONG SUPPLY OUTSIDE OF RUSSIA
ESTIMATES $4-5 OF DOWNSIDE TO OUR BRENT/WTI 2026 PRICE FORECAST FROM A POTENTIAL PEACE DEAL, WHICH COULD SUPPORT A GRADUAL RECOVERY IN RUSSIA PRODUCTION AND INCREASE LANDED OIL INVENTORIES IN THE OECD PRICING CENTERS IF RUSSIAN OIL ON WATER MODERATES
SAYS THE IMMEDIATE DOWNSIDE TO CRUDE PRICES FROM A POTENTIAL DEAL IS MODEST, IN THEIR VIEW, BECAUSE THE MARKET IS ALREADY PRICING IN SOME PROBABILITY OF A DEAL AND BECAUSE IT WOULD LIKELY TAKE TIME FOR RUSSIA PRODUCTION TO RECOVER

((anushree.ashishMukherjee@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2586618162"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2586618162\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2586618162?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-27 01:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2586618162","market":"us","top_or_hot":-1,"title":"Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal</title></head><body><p><span>Nov 26 (Reuters)</span><span> - </span>GOLDMAN SACHS:</p><ul><li><p>ESTIMATE DOWNSIDE RISKS TO CRUDE PRICES, AND ESPECIALLY REFINED OIL PRODUCT PRICES, IF SANCTIONS ON RUSSIA'S OIL SECTOR WERE TO BE LIFTED</p></li><li><p>SAYS ITS BASE CASE STILL ASSUMES A STATUS QUO FOR SANCTIONS ON RUSSIAN OIL, AN EXTENSION OF THE RECENT DOWNWARD TREND IN RUSSIA PRODUCTION, AND A DECLINE IN BRENT/WTI OIL PRICES TO $56/52 IN 2026 ON STRONG SUPPLY OUTSIDE OF RUSSIA</p></li><li><p>ESTIMATES $4-5 OF DOWNSIDE TO OUR BRENT/WTI 2026 PRICE FORECAST FROM A POTENTIAL PEACE DEAL, WHICH COULD SUPPORT A GRADUAL RECOVERY IN RUSSIA PRODUCTION AND INCREASE LANDED OIL INVENTORIES IN THE OECD PRICING CENTERS IF RUSSIAN OIL ON WATER MODERATES</p></li><li><p>SAYS THE IMMEDIATE DOWNSIDE TO CRUDE PRICES FROM A POTENTIAL DEAL IS MODEST, IN THEIR VIEW, BECAUSE THE MARKET IS ALREADY PRICING IN SOME PROBABILITY OF A DEAL AND BECAUSE IT WOULD LIKELY TAKE TIME FOR RUSSIA PRODUCTION TO RECOVER</p></li></ul><p> ((anushree.ashishMukherjee@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-27 01:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace Deal</title></head><body><p><span>Nov 26 (Reuters)</span><span> - </span>GOLDMAN SACHS:</p><ul><li><p>ESTIMATE DOWNSIDE RISKS TO CRUDE PRICES, AND ESPECIALLY REFINED OIL PRODUCT PRICES, IF SANCTIONS ON RUSSIA'S OIL SECTOR WERE TO BE LIFTED</p></li><li><p>SAYS ITS BASE CASE STILL ASSUMES A STATUS QUO FOR SANCTIONS ON RUSSIAN OIL, AN EXTENSION OF THE RECENT DOWNWARD TREND IN RUSSIA PRODUCTION, AND A DECLINE IN BRENT/WTI OIL PRICES TO $56/52 IN 2026 ON STRONG SUPPLY OUTSIDE OF RUSSIA</p></li><li><p>ESTIMATES $4-5 OF DOWNSIDE TO OUR BRENT/WTI 2026 PRICE FORECAST FROM A POTENTIAL PEACE DEAL, WHICH COULD SUPPORT A GRADUAL RECOVERY IN RUSSIA PRODUCTION AND INCREASE LANDED OIL INVENTORIES IN THE OECD PRICING CENTERS IF RUSSIAN OIL ON WATER MODERATES</p></li><li><p>SAYS THE IMMEDIATE DOWNSIDE TO CRUDE PRICES FROM A POTENTIAL DEAL IS MODEST, IN THEIR VIEW, BECAUSE THE MARKET IS ALREADY PRICING IN SOME PROBABILITY OF A DEAL AND BECAUSE IT WOULD LIKELY TAKE TIME FOR RUSSIA PRODUCTION TO RECOVER</p></li></ul><p> ((anushree.ashishMukherjee@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443465.HKD","symbol_name":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251126:nL4N3X2195:1","article_id":"2586618162","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586618162","pubTimestamp":1764176724,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace DealNov 26 (Reuters) - GOLDMAN SACHS:ESTIMATE DOWNSIDE RISKS TO CRUDE PRICES, AND ESPECIALLY R","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","BK4552":"Archegos爆仓风波概念","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","BK4504":"桥水持仓","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU0106831901.USD":"贝莱德世界金融基金A2","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","GS":"高盛","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4127":"投资银行业与经纪业","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","BK4516":"特朗普概念","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC"},"translate_title":"高盛认为潜在的俄罗斯-乌克兰和平协议给原油和成品油价格带来下行风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GS":0.9},"content_text":"Goldman Sachs Sees Downside Risks to Crude and Refined Product Prices From Potential Russia-Ukraine Peace DealNov 26 (Reuters) - GOLDMAN SACHS:ESTIMATE DOWNSIDE RISKS TO CRUDE PRICES, AND ESPECIALLY REFINED OIL PRODUCT PRICES, IF SANCTIONS ON RUSSIA'S OIL SECTOR WERE TO BE LIFTEDSAYS ITS BASE CASE STILL ASSUMES A STATUS QUO FOR SANCTIONS ON RUSSIAN OIL, AN EXTENSION OF THE RECENT DOWNWARD TREND IN RUSSIA PRODUCTION, AND A DECLINE IN BRENT/WTI OIL PRICES TO $56/52 IN 2026 ON STRONG SUPPLY OUTSIDE OF RUSSIAESTIMATES $4-5 OF DOWNSIDE TO OUR BRENT/WTI 2026 PRICE FORECAST FROM A POTENTIAL PEACE DEAL, WHICH COULD SUPPORT A GRADUAL RECOVERY IN RUSSIA PRODUCTION AND INCREASE LANDED OIL INVENTORIES IN THE OECD PRICING CENTERS IF RUSSIAN OIL ON WATER MODERATESSAYS THE IMMEDIATE DOWNSIDE TO CRUDE PRICES FROM A POTENTIAL DEAL IS MODEST, IN THEIR VIEW, BECAUSE THE MARKET IS ALREADY PRICING IN SOME PROBABILITY OF A DEAL AND BECAUSE IT WOULD LIKELY TAKE TIME FOR RUSSIA PRODUCTION TO RECOVER ((anushree.ashishMukherjee@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}