Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
How Factory Job Cuts Are Weakening Oil Demand More Than Supply
Oil prices are down 4.5 percent in a week, but the driver isn't the Strait of Hormuz or OPEC — it's a collapse in factory employment that's gutting industrial diesel and jet fuel demand. Lucas and Luna unpack new S&P data showing factory job cuts in June near financial-crisis levels, and why that matters more for crude than any supply disruption. WTI sits at $73 a barrel, gasoline is finally dropping, and the hosts connect the dots from the factory floor to the futures market. A focused look at how a labor-market shift is reshaping energy prices. Includes a brief acknowledgment…
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