Crude Oil tanks as OPEC+ floods the market with product. Russia and Saudi Arabia just did the unthinkable by announcing that they’re increasing output by 411,000 barrels per day starting in June. With demand forecasts going down every day as the world braces for a Trump induced global recession, it’s the exact opposite move from what everyone expected. This episode tackles what this means for the economy, the future of energy, Trump’s tariff gambit, inflation and unemployment. 

Access the episode resources.

Resources

OPEC

OilPrice.com

U.S. EIA: Advances in technology led to record new well productivity in the Permian Basin in 2021

EnergyNews: OPEC maintains its forecast for oil demand growth in 2025 and 2026

Reuters: US agrees to sell Saudi Arabia $142 billion arms package

Responsible Statecraft: Lobby Horse: Trump’s ‘trillion dollar' visit to Saudi Arabia

Deloitte: 2025 Renewable Energy Industry Outlook

World Economic Forum: 5 trends shaping the energy world in 2025

AInvest: JPMorgan Cuts 2025 Oil Price Forecasts 12% on Weak Demand, OPEC+ Output

ExxonMobil: ExxonMobil Announces First-Quarter 2025 Results

Reuters: OPEC output hikes, trade wars have US oil producers wary of 'drill baby drill'

Trading Economics: United States Exports By Category

St. Louis Fed: Breakeven Fiscal Oil Price for Saudi Arabia (SAUPZPIOILBEGUSD)

UNFTR Episode Resources

Peak Oil: It's a Crude, Crude World.

Bitcoin & Crude Oil.

The Energy Independence Myth.

Iceberg. Dead Ahead.

Video: Oil Prices TANK as OPEC Floods the Market

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Crude Oil tanks as OPEC+ floods the market with product. Russia and Saudi Arabia just did the unthinkable by announcing that they&rsquo;re increasing output by 411,000 barrels per day starting in June. With demand forecasts going down every day as the world braces for a Trump induced global recession, it&rsquo;s the exact opposite move from what everyone expected. This episode tackles what this means for the economy, the future of energy, Trump&rsquo;s tariff gambit, inflation and unemployment.&nbsp;
<a href="https://www.unftr.com/episodes/unftr154">Access the episode resources.</a>
Resources
<a href="https://www.opec.org/">OPEC</a>
<a href="http://oilprice.com/">OilPrice.com</a>
U.S. EIA: <a href="https://www.eia.gov/todayinenergy/detail.php?id=54079">Advances in technology led to record new well productivity in the Permian Basin in 2021</a>
EnergyNews: <a href="https://energynews.pro/en/opec-maintains-its-forecast-for-oil-demand-growth-in-2025-and-2026">OPEC maintains its forecast for oil demand growth in 2025 and 2026</a>
Reuters: <a href="https://www.reuters.com/world/us-saudi-arabia-have-discussed-riyadhs-potential-purchase-f-35-jets-2025-05-13/">US agrees to sell Saudi Arabia $142 billion arms package</a>
Responsible Statecraft: <a href="https://responsiblestatecraft.org/trump-saudi-arabia/">Lobby Horse: Trump&rsquo;s &lsquo;trillion dollar' visit to Saudi Arabia</a>
Deloitte: <a href="https://www2.deloitte.com/us/en/insights/industry/renewable-energy/renewable-energy-industry-outlook.html">2025 Renewable Energy Industry Outlook</a>
World Economic Forum: <a href="https://www.weforum.org/stories/2025/03/5-energy-trends-2025/">5 trends shaping the energy world in 2025</a>
AInvest: <a href="https://www.ainvest.com/news/jpmorgan-cuts-2025-oil-price-forecasts-12-weak-demand-opec-output-2504/">JPMorgan Cuts 2025 Oil Price Forecasts 12% on Weak Demand, OPEC+ Output</a>
ExxonMobil: <a href="https://corporate.exxonmobil.com/news/news-releases/2025/0502_exxonmobil-announces-first-quarter-2025-results">ExxonMobil Announces First-Quarter 2025 Results</a>
Reuters: <a href="https://www.reuters.com/business/energy/opec-output-hikes-trade-wars-have-us-oil-producers-wary-drill-baby-drill-2025-04-11/">OPEC output hikes, trade wars have US oil producers wary of 'drill baby drill'</a>
Trading Economics: <a href="https://tradingeconomics.com/united-states/exports-by-category">United States Exports By Category</a>
St. Louis Fed: <a href="https://fred.stlouisfed.org/series/SAUPZPIOILBEGUSD">Breakeven Fiscal Oil Price for Saudi Arabia (SAUPZPIOILBEGUSD)</a>
UNFTR Episode Resources
<a href="https://www.unftr.com/episodes/unftr49">Peak Oil: It's a Crude, Crude World.</a>
<a href="https://www.unftr.com/episodes/topical21">Bitcoin &amp; Crude Oil.</a>
<a href="https://www.unftr.com/episodes/topical19">The Energy Independence Myth.</a>
<a href="https://www.unftr.com/episodes/unftr152">Iceberg. Dead Ahead.</a>
Video: <a href="https://youtu.be/YzykBprSnl8?feature=shared">Oil Prices TANK as OPEC Floods the Market</a>
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: <a href="https://unftr.com/rate">unftr.com/rate</a> and follow us on <a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389">Facebook</a>, <a href="https://bsky.app/profile/unftr.com">Bluesky</a>, <a href="https://www.tiktok.com/@unftrpod">TikTok</a>&nbsp;and <a href="https://www.instagram.com/unftrpod/">Instagram</a> at @UNFTRpod. Visit us online at <a href="https://www.unftr.com/">unftr.com</a>. Join our Discord at <a href="https://www.unftr.com/discord">unftr.com/discord</a>.
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Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list, and find book recommendations from our Unf*ckers at<a href="https://bookshop.org/lists/unf-cker-book-recommendations"> bookshop.org/lists/unf-cker-book-recommendations</a>.
Access the UNFTR Musicless feed by following the instructions at <a href="https://www.unftr.com/accessibility">unftr.com/accessibility</a>.
Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (<a href="https://www.mannyfacesmedia.com">mannyfacesmedia.com</a>). Original music is by Tom McGovern (<a href="http://www.tommcgovern.com/">tommcgovern.com</a>). The show is hosted by Max and distributed by 99.

Unf*cking The Republic® (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.

Unf*cking The Republic&reg; (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.