EconomyGoldman Sachs’ Nikhil Bhandari on crude prices and refining capacity

The International Energy Agency is meeting in Brussels to finalize details of a G7 proposal to release 100 million barrels of diesel and crude oil to ease a global supply crunch. Diesel prices have hit record highs this year amid Strait of Hormuz disruptions and Ukrainian attacks on Russian refineries. Goldman Sachs managing director Nikhil Bhandari discussed crude refining and related issues.