Borkhataria: Geopolitical tension presents upside risk for oil prices.Biraj Borkhataria, RBC Capital, discusses the current state of the oil and gas market amid Middle East tensions. He notes a mix of factors affecting prices, including soft demand in China and potential OPEC actions.
Two energy expects discuss oil prices as OPEC+ extends production cuts again the OPEC plus Cuts uh extending them obviously it seems uh was intended to kind of put a floor under prices do you think it's actually going to work well it's a very extensive uh deal Frank there was a lot announced here and uh you covered uh the basic elements of it which is basically keeping Cuts in place until the end of uh December 2025 uh but in terms of how the market reacts I mean the market has been reacting funny to even geopolitical risk