Conflicting Statements, Uncertainty, and Potential Consequences in the Oil Market

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Discussion on the conflicting statements made by Saudi Arabia and the United Arab Emirates regarding oil production, highlighting the uncertainty surrounding OPEC's upcoming meeting and the potential consequences for the global economy.

Austria’s central bank chief is calling for a third-straight 0.75 percentage point interest rate rise at the European Central Bank’s next meeting, Disney executives ousted Bob Chapek as CEO and re-installed Bob Iger, and oil prices had a hectic day yesterday but remain well below their summer peak. Plus, the UK’s appetite for bacon is back.

Mentioned in this podcast:

ECB’s Holzmann backs 0.75 percentage point increase in December

Oil bounces off 10-month low after Saudi Arabia denies report on Opec supply boost

Disney executives staged putsch against ousted CEO Bob Chapek

Danish Crown to build £100mn UK plant as bacon demand rebounds

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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