Can you pay my bills? I don’t think you do, so OPEC cuts continue

Capitol Crude: The US Energy Policy Podcast

OPEC on Aug. 4 renewed production cuts that are expected to tighten global oil supplies and in turn keep upwards pressure on oil prices which have seen several consecutive weeks of gains recently.

Tim Evans, energy analyst and founder of the new consultancy Evans on Energy, joined the podcast to discuss OPEC’s production policy, the group’s objectives and what that means for oil prices. Evans has offered daily market commentary about the crude oil, heating oil, RBOB gasoline and US natural gas futures markets since 1995. On the podcast, he hits on the economics as well as the politics behind some of the OPEC+ alliance’s decisions, possible tensions brewing within the alliance and whether the US can combat their desire for a tighter physical market and subsequent higher prices.

Stick around for Binish Azhar with the Market Minute, a look at near-term oil market drivers.

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