Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
How the Gulf Refining Glut Is Quietly Reshaping Oil Prices
In this episode of Energy Economics, Lucas and Luna dig into a puzzle: crude oil is sliding, yet gasoline at the pump stays stubbornly above $4 a gallon. They unpack the role of refinery capacity — the 'toll booth' between crude and fuel — and how a wave of new Gulf refining projects is changing the calculus for global fuel markets. Using today's data, they note that Brent has fallen from $96.95 to $88.9 in a week, while Henry Hub natural gas rose to $2.81, and they connect those moves to the strategic decisions of companies like Saudi Aramco and Reliance Industries. The hosts…
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