Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Iran Oil Exports at a 20% Premium Reshape Global Prices
Iran claims to be selling oil at a 20% premium, with 40 million barrels exported after the end of the US blockade. WTI crude is at $68.95, while Brent has dipped to $76.50. Lucas and Luna explore how this premium pricing is affecting global oil markets, the disconnect between WTI and Brent spreads, and what it means for gasoline prices at the pump. They also discuss why energy stocks like Chevron and ConocoPhillips are falling even as some oil prices hold, and whether this signals a structural shift in supply dynamics. The episode ties in recent CPI and PCE data showing sticky inflation, and…
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