The 10 Minute Take - The geopolitics of OPEC+ oil cuts

Jun 10, 2020 | Brian Moore


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The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe. Featuring Helima Croft, RBC Capital Markets’ Global Head of Commodity Strategy.

The 10 Minute Take Podcast

The global group of oil producing countries, known as OPEC+, left its key weekend meeting fractured. While OPEC+ agreed to extend production cuts through to July, its de facto leader Saudi Arabia said it would not. Neither would fellow Gulf states, and Mexico. Add to this an improving (but fragile) demand picture and it could explain why oil prices have been whipsawing since. How will this play out for the oil majors? And where was President Trump this time around? Helima Croft, RBC Capital Markets’ Global Head of Commodity Strategy, shares her take on the latest OPEC+ deal.

 

Click here for the full podcast; The 10 Minute Take.