Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Oil at 69 as Iran Unlocks Exports at a Premium
WTI crude has slipped to $69.60 as Iran announces it is selling oil at a 20% premium after exporting 40 million barrels. Lucas and Luna break down why Iran can command a premium despite sanctions relief, what the export numbers mean for global supply balances, and why oil markets are pricing in a new geopolitical reality rather than a flood of cheap crude. They examine the strategic calculus behind Tehran's pricing power and how this shifts the narrative around OPEC+ discipline and US foreign policy in the Middle East.
#WTI #Brent #OilPrices #IranOil #Geopolitics #OPECPlus #CrudeOil…
The skinny
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