Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Oil and Natural Gas Decoupled in July 2026
In this episode, Lucas and Luna explore the growing divergence between crude oil and natural gas prices. WTI crude has risen nearly 4 percent in the past five days to around $71 a barrel, while Henry Hub natural gas has plunged more than 10 percent to under $3 per million BTU. The hosts examine the underlying drivers: a tightening oil market due to OPEC+ production cuts and geopolitical risk versus a well-supplied gas market thanks to mild weather and record storage levels. They also discuss what this decoupling means for energy traders, utility costs, and the broader inflation outlook…
The skinny
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