Jorge Montepeque, Managing Director at Onyx Capital Group, and Omar Najia, a Derivatives Trader at BB Energy, dive into OPEC+'s recent decisions and their implications on global oil markets. They discuss the surprising rise in Brent crude prices amid increased supply, while dissecting geopolitical factors from Ukraine to U.S.-Iran relations. The conversation reveals concerns over the reliability of OPEC's production numbers and explores the potential impact of proposed sanctions on Russian oil, all while highlighting the complexities of market sentiment as summer approaches.
