About this episode
The episode explores the workings of the oil industry, including drilling, refining, and the impact of geopolitical events on global supply.
What does it take to drill oil out of the ground and then refine it into petrol, jet fuel or other petrochemical products? The world currently uses about a hundred million barrels of oil a day. However, the daily flow has been affected by the closure of the Strait of Hormuz. A fifth of the global supply normally passes through the waterway in tanker ships, but it's been blocked since the end of February 2026. How has the industry adapted? Guests: Nick Bone, Fuels Industry UK Luke Johnson, Director of OPC Edward Hayden-Briffet from Onyx Capital Presenter: Evan Davis Producers: Sally Abrahams & Nick Holland Sound: Dave O'Neill & James Piper Production Coordinator: Katie Morrisson Editor: Sam Bonham
People in this episode
Host: Evan Davis
Guests: Nick Bone, Luke Johnson, Edward Hayden-Briffet
Topics covered
- oil industry
- petrochemicals
- global supply
- refining
- energy
- geopolitics
Keywords
- oil
- refining
- petrol
- jet fuel
- Strait of Hormuz
- global supply
- energy industry
- geopolitics
Mentioned in this episode
Organizations: Fuels Industry UK, OPC, Onyx Capital
Places: Strait of Hormuz
More episodes of The Bottom Line
- Trainer Wars · June 4, 2026 · 37 min
- Entrepreneurs: Your Questions Answered · March 5, 2026 · 37 min
- Product Innovation: Better, Or Just New? · February 26, 2026 · 32 min
- How Do You Deal with a Workplace Bully? · February 19, 2026 · 32 min
- Private Renting: Who Wants to Be a Landlord? · February 12, 2026 · 35 min
- Dynamic Pricing: Who Profits? · February 5, 2026 · 35 min
Explore listener stats, chart rankings, contacts and more on the The Bottom Line podcast page.