What’s up with falling gas prices?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 6 October 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
Last month, OPEC+ said it would cut oil production to raise prices. Simple economics, right? It worked for a few weeks, but now the price of oil is falling fast. In this episode, we’ll talk about why the oil cartel’s plan isn’t working out — it has a lot to do with low demand for gas across the globe. Plus, how the climate crisis shapes consumer demand and why the WTO lowered its 2023 global trade growth forecast.
Transcript
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