About this episode
The episode discusses OPEC+'s decision to increase oil production amidst geopolitical tensions and the implications for the energy market.
Negotiations between Iran and the US remain up in the air as Iran sends missiles toward Israel for the first time since April. Meanwhile the oil producing countries of OPEC+ say they will increase production in July. But with the Strait of Hormuz still closed, will that oil have anywhere to go? And we answer your questions: why the disruptions to oil have been so big – given that only 20% of the world’s oil comes through the Strait of Hormuz. Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily. Got a burning brent crude question? Send an email to Carrington and the team abcbusinessdaily@abc.net.au
People in this episode
Hosts: Carrington Clarke, Alan Kohler
Topics covered
- oil production
- OPEC+
- energy crisis
- Iran-US negotiations
- Strait of Hormuz
- fuel market
Keywords
- OPEC+
- oil production
- energy crisis
- Iran
- US
- Strait of Hormuz
- fuel market
Mentioned in this episode
Organizations: OPEC+
Places: Iran, US, Israel, Strait of Hormuz
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