No Winners From OPEC+ Impasse

Salih Yilmaz, Oil Analyst, Bloomberg Intelligence

08-Jul-21 07:30

Pause
Embed

The UAE is blocking an extension of the OPEC+ deal to gradually increase oil production until the end of 2022, arguing that its quota is unfair. As a result, oil prices have hovered at multi-year highs, but how sustainable is this trend? We discuss the outlook for oil markets and whether we’ll ever see a return to USD100 per barrel levels with Salih Yilmaz of Bloomberg Intelligence.

Image credit: pixabay.com

Produced by: Philip See & Shazana Mokhtar

Presented by: Wong Shou Ning, Philip See, Shazana Mokhtar

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: Politics, Social Issues, Business Analysis, Auto, Trends and Forecasts, Markets, Environment, Science, law & legal matters, Investments

Tags: oil, price, stocks, investments, covid-19, OPEC, oil and gas, UAE,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) 1337 Ventures' Bikesh Lakhmichand shares a founder's guide to the first investor meeting, explaining what VCs, angels, and ECF platforms really want to see.

12:00 PM

BBC World Service

(REPEAT) This week on Science in Action, stories on a major new telescope survey that have started in Chile while scientists are also beginning a project to create fully synthetic human chromosomes.

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan, Matt Armitage and debutant Chin Kar Yern get together to talk about not using ChatGPT and its implication, public spaces and the foreign language of tech.

2:00 PM

Ringgit & Sense

(REPEAT) Alvin Tan of the Financial Planning Association of Malaysia (FPAM) discusses aspects of Malaysian Gen Zers personal finance.

2:30 PM

The Property Show

(REPEAT) Imran Clyde of Nextdor Property Communications shares his insights on the legal aspects of property advertising.

3:00 PM

Best of The Bigger Picture

(REPEAT) How patients diagnosed with nasopharyngeal cancer have found hope and companionship in the Cancer Survivor Support Group.

4:00 PM

Best of Evening Edition

(REPEAT) We speak to board game designer Goh Choon Ean about what makes Malaysian board games unique.

5:00 PM

BBC World Service

This episode of People Fixing The World looks at a community that tackles poverty via the traffic light system.

PROGRAMMES