Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Three Iranian Tankers Test a New Oil Price Normal
Episode 57 of Energy Economics with Fexingo examines the surprising escape of three Iranian tankers from a U.S. blockade and what it means for oil prices. With WTI crude at $75 a barrel — down 11.5% in five days — and Brent at $78.65, Lucas and Luna drill into the strange dynamics of a market that is crashing while geopolitical risk is rising. They explore how the prospect of an Iran deal is flooding expectations with supply, why gasoline is finally falling alongside crude, and what the tanker breakout tells us about the limits of sanctions. Specific numbers: WTI's five-day plunge to…
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