Today’s Russian downgrade pulled yet another raft of “smartest people in the room” to tell investors how screwed Russia is by low oil prices (and yet the US Shale industry is fine and will manage through this). However, Goldman Sachs prefers facts in its analysis of the Russian oil sector and concludes, investor concerns about the health of Russia’s oil industry should remain more myth than reality.
Via Goldman Sachs,
Geydar Mamedov discusses myths and realities in the outlook for Russia’s oil sector