Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why OPEC Plus Is Raising Output While Oil Prices Climb
OPEC Plus just agreed to raise oil output in September, completing the rollback of voluntary cuts. But crude prices are climbing anyway, with Brent up over 7 percent this week to around ninety dollars. How can both be true? Lucas and Luna unpack the paradox, looking at how geopolitical risk, supply realpolitik, and a shifting demand picture are interacting. They explore the cartel's incentives, the role of spare capacity, and what the rally in energy stocks like ConocoPhillips signals about the market's reading of the deal. This episode brings you inside the decision-making of the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.