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Capitol Crude at CERAWeek: Is US foreign policy now managing the oil market?


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Listen: Capitol Crude at CERAWeek: Is US foreign policy now managing the oil market?

After years of complaints from US policymakers that OPEC was having undue influence on global oil prices, has US foreign policy become the major manager of the world crude market? With sanctions, tweets from President Trump and trade disputes, the US may now be the prominent driver of Brent prices.

On this special episode from CERAWeek by IHS Markit in Houston, we're joined by Amy Myers Jaffe, director of the Council on Foreign Relations' energy security and climate program; Helima Croft, global head of commodity strategy for RBC Capital Markets; and Jason Bordoff, founding director of Columbia University's Center on Global Energy Policy.

We talk OPEC, NOPEC, market-moving tweets, and policy bluffs.

Capitol Crude from CERAWeek: Shifting global crude flows amid US sanctions on Venezuela, Iran