Alex Longley

In this discussion, oil trading reporter Alex Longley and opinion columnist Javier Blas analyze the surprising stability of oil prices despite a U.S. blockade of Venezuela. They explore how global supply growth from various countries is outpacing demand, driving prices down. The duo dives into the implications of a potential ceasefire in Russia and discusses how this could lead to an oil glut by 2026. They also highlight the beneficiaries of lower prices, while detailing the challenges faced by major oil exporters and shale regions.