americas

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Citi’s global commodities chief explains his oil price forecast for 2023 as sanctions choke Russia – and breaks down the ‘stunning’ state of America’s oil industry

In an interview with Insider, Citi’s Ed Morse said he expects Brent crude to finish 2023 around $76 a barrel.  Next year, energy markets will see both a supply uptick and an easing of global demand, Morse said. He explained how the roles of Russia and the US have shifted …

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America’s New Sanctions Strategy

On the morning of Sunday, February 27, U.S. Treasury Secretary Janet Yellen sat huddled in a secure room with a group of other senior Treasury officials—including me—to discuss a set of extraordinary economic and financial measures against the Russian Federation. A few days earlier, Russia had invaded Ukraine, a stark …

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