Aug 3, 2022

What is OPEC thinking right now?

By pledging to increase output by just 100,000 barrels a day, OPEC could be implying that it expects demand for oil to fall. Above, OPEC's headquarters in Vienna. Joe Klamar/AFP via Getty Images

The oil cartel will boost production, but that may not temper high prices. Plus, a safety net for workers hurt by trade competition comes ends.

Segments From this episode

OPEC+ agrees to boost oil production. But probably not enough to lower prices.

by Justin Ho

Aug 3, 2022

The small increase of 100,00 barrels a day may be a sign that the cartel thinks a recession is coming.

By pledging to increase output by just 100,000 barrels a day, OPEC could be implying that it expects demand for oil to fall. Above, OPEC's headquarters in Vienna.

Joe Klamar/AFP via Getty Images

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by Jennifer Pak

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Music from the episode

Still Got Love Teedra Moses

Calling (Never Stop) Anchorsong

Lovin Millionyoung

Mirage Toro y Moi

Melloton Liam Huston

Soft Stud Black Belt Eagle Scout

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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