Why Petrostates Are Selling Oil Below Cost

What this episode covers

Oil prices have dropped 7 percent in a week, with Brent crude falling to $87 a barrel. But here's the puzzle: several OPEC+ members are openly selling below their own breakeven budgets. Lucas and Luna examine why petrostates from Saudi Arabia to Iraq are pumping at a loss—and how the looming Iran deal is reshaping the calculus. They unpack the breakeven data for key exporters, explain how fiscal pressure is driving production decisions, and ask whether this marks a permanent shift in OPEC+ discipline. A focused look at the economics of forced exports, not a broad oil market roundup. #Petrostates #OilPrices #OPECplus #IranDeal #BrentCrude #SaudiArabia #Iraq #FiscalBreakeven #GlobalTrade #EnergyMarkets #Geopolitics #Economics #CrudeOil #SupplyChains #MarketDiscipline #FexingoBusiness #BusinessPodcast #GeopoliticsAndMarkets Keep every episode free: buymeacoffee.com/fexingo

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Frequently Asked Questions

How long is this episode of Geopolitics and Markets with Fexingo: Wars, Sanctions, and Economic Consequences?

This episode is 8 minutes long.

When was this Geopolitics and Markets with Fexingo: Wars, Sanctions, and Economic Consequences episode published?

This episode was published on June 13, 2026.

What is this episode about?

Oil prices have dropped 7 percent in a week, with Brent crude falling to $87 a barrel. But here's the puzzle: several OPEC+ members are openly selling below their own breakeven budgets. Lucas and Luna examine why petrostates from Saudi Arabia to...

Can I download this Geopolitics and Markets with Fexingo: Wars, Sanctions, and Economic Consequences episode?

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