CoinDesk Podcast Network
BREAKDOWN: What OPEC+ Oil Cuts Mean for the Global Economy and Geopolitics
OPEC+ agreed to reduce production by two million barrels per day.
This episode is sponsored by Nexo.io, Circle and FTX US.
As inflation rages, the global economy slows, and the U.S. releases more and more oil from its Strategic Petroleum Reserve, OPEC+ has decided to decrease oil output. The move happens in spite of significant pressure from the Biden Administration. NLW discusses what it means for economic prospects as well as for shifting geopolitical alliances.
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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: William_Potter/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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