OPEC Cuts and Midland

Recorded on June 4, 2023 and May 2, 2023

Episode 85 of the PetroNerds podcast is your complete market update following the US debt ceiling deal, this weekend’s OPEC meeting and the surprise 1 mbd cut by Saudi Arabia, and part 2 of Trisha Curtis’ talk to the SPE (Society for Petroleum Engineers) Permian Basin chapter in Midland, Texas on May 2, 2023, “Crude Volatility: From US Shale to ESG to the War in Ukraine.”

The second half of this presentation covers inflation, the economy, the Fed and Interest rates, oil demand, housing, and debt and delinquencies. Trisha gets into OPEC cuts, OPEC cutting into a recession, the deteriorating market underneath oil demand, resilient Russian production, the war in Ukraine one year on, war fatigue and cost, China, China and CO2 emissions, and China and Russia.

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