Will OPEC Ride to the Rescue?

The OPEC+ oil cartel may not ramp up oil production enough to offset the loss of Russian supply that has sent crude above $100 a barrel, according to Javier Blas. Blas, the co-author of “The World For Sale: Money, Power, and the Traders Who Barter the Earth’s Resources” and a Bloomberg Opinion columnist, joined this week’s “What Goes Up” podcast to discuss the global energy supply shock. One highlight of the conversation: “Putin has been talking to Mohammed bin Salman, who is the crown prince of Saudi Arabia. And they have been talking about energy and energy cooperation. So I think that OPEC may not come to the rescue this time, just because they're just working with the Russians.”

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