Episodes
![Should I brace myself for higher oil prices?](https://pbcdn1.podbean.com/imglogo/image-logo/9330596/jpm_am_podcast_OTMOI_podbean_1400x1400px_300x300.png)
Friday Mar 05, 2021
Should I brace myself for higher oil prices?
Friday Mar 05, 2021
Friday Mar 05, 2021
The March 4th OPEC+ meeting passed with more fanfare than is typically associated with the organization’s biannual summit. As is normal, OPEC countries, led by Saudi Arabia, met with key non-member states to discuss output changes. Abnormally, though, the February deep freeze in Texas has temporarily damaged U.S. energy production, resulting in roughly 4 million barrels per day of lost production and a surge in oil prices to levels not seen in 12 months.
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