Monday, June 22, 2026

Russia Should Privatize its Oil Companies by 2025, Says ex-Finance Minister

From CNBC: The Russian government should ensure all state-owned oil companies are privatized over the next seven to eight years, according to the country’s former finance minister. “The oil sector should be fully privatized in the next seven to eight years, no state companies are required there now as the statehood brings more harm than benefit to those companies,” Alexei

Goldman Sachs Says OPEC Should Be More Like the Federal Reserve

From Bloomberg: OPEC should learn from the U.S. Federal Reserve and do more to explain its long-term oil-output policies instead of just focusing on short-term goals, according to Goldman Sachs Group Inc. The need for such forward guidance, which has long been a staple of comments from central bankers, should be evident to the oil producers’ group after prices slumped