Matthieu Favas
speaker
190 appearances
2 recordings
1 series
first heard Jul 2026
last heard 12 Aug
Matthieu Favas’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
That makes the market more efficient.
It keeps tracid at the right level, it's good for consumers, it encourages investment in new production when it's needed.
So overall it's quite a good thing.
Thanks, Rosie.
The world's largest energy firms, collectively known as the majors, they've done really well through this oil shock.
And one reason is that they've drilled oil and they've refined it.
And they sold it at a higher price, which is not surprising to most people.
But another reason is far less known, which is that they've done a lot of trading.
Mathieu Favas is our commodities editor.
And the Iran war has really shown the extent to which this activity trading has become central to these businesses.
Let's start with what you mean when you say trading.
So trading can be defined in opposition to marketing.
So marketing is selling what you produce, distributing it to the global markets.
Trading is buying someone else's produce and selling it to whoever wants it most at the highest price possible, at the profit.
And when you sell your own products, what matters is the level of the price at which you sell.
When you trade, what matters is the spread.
It's the difference between the price at which you buy and the difference in price at which you sell.
And the spread is typically higher when the market is quite chaotic.
So if there is a war somewhere, there's a supply shock.
then in certain places there will be shortages.
Showing 81–100 of 190 · page 5 of 10
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