A US-educated former Goldman Sachs banker, Kirill Dmitriev has cut an unexpected figure at recent talks between the US and Russia in Riyadh.

"We believe that Russia crude oil production is constrained by its OPEC+ 9.0 million barrels per day (mbpd) production target rather than current sanctions, which are affecting the destination but not the volume of oil exports," Goldman Sachs said.

Crude oil futures edged higher, largely driven by fears over Kazakhstan's oil flows following a drone attack on a pumping station for a pipeline in Russia carrying crude to the Black Sea.

Goldman Sachs raised its 12-month price forecast for Europe's STOXX 600 index on Friday, citing the potential benefits of a peace deal between Russia and Ukraine for the region's equities. The brokerage raised its forecast to 580 from 540.

President Cyril Ramaphosa told a Goldman Sachs gathering that it was in South Africa's interest to promote good relations with all countries, including its second-largest trading partner.

Russia's sovereign wealth fund chief Kirill Dmitriev will meet a U.S. delegation in Saudi Arabia on Tuesday to focus on strengthening ties and increased economic cooperation, a source in Riyadh told Reuters.

RIYADH - The head of Russia's sovereign wealth fund on Tuesday described U.S. President Donald Trump as a problem solver ahead of U.S.-Russian talks in Saudi Arabia in what are expected to be the most significant discussions between the two former Cold War foes on ending Moscow's war in Ukraine.

President Prabowo Subianto cited 2022 predictions by global investment firm Goldman Sachs that Indonesia would be the world’s fourth-largest economy in 2050. However, some analysts warn that this rosy outlook might be limited.

Goldman Sachs argues that potential sanctions relief on Russia following a Ukraine peace deal would not significantly increase its oil supply, as production is primarily limited by its OPEC+ quota.

(Reuters) - A potential Ukraine ceasefire and the associated easing in sanctions on Russia are unlikely to substantially increase Russia's oil flows, Goldman Sachs said on Wednesday. U.S ...