One-month $115/b Brent forecast ‘skewed to the upside’ Brent crude surges over $112/b to fresh seven-year high Sees 6 million b/d of seaborne exports at risk from ‘shadow sanctions’ Global crude prices risk surging over $115/b over the coming month despite a pledge by the International Energy Agency to release emergency oil stocks following Russia’s invasion of Ukraine, Goldman Sachs said in a note released late March 1. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The IEA agreed March 1 to release a total of 60 million barrels of oil stocks to calm crude prices in response to Russia’s invasion of Ukraine with the US providing half of the total inventories. But the stock release pledge represents only a one-month offset to a potential disruption of one-third of Russia’s 6 million b/d seaborne oil exports and is insufficient to prevent crude prices spiraling […]