# How the oil industry works

Page: https://stenobird.com/podcast/the-bottom-line-1067438/how-the-oil-industry-works
Text version: https://stenobird.com/podcast/the-bottom-line-1067438/how-the-oil-industry-works.md
Podcast: [The Bottom Line](https://stenobird.com/podcast/the-bottom-line-1067438)
Published: 2026-06-11T11:30:00+00:00
Episode link: http://www.bbc.co.uk/programmes/m002xgzf
Audio file: http://open.live.bbc.co.uk/mediaselector/6/redir/version/2.0/mediaset/audio-nondrm-download-rss/proto/http/vpid/p0nrb7p3.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-bottom-line-1067438/episodes/how-the-oil-industry-works
Duration seconds: 2273

## Resource

What does it take to drill oil out of the ground and then refine it into petrol, jet fuel or other petrochemical products? The world currently uses about a hundred million barrels of oil a day. However, the daily flow has been affected by the closure of the Strait of Hormuz. A fifth of the global supply normally passes through the waterway in tanker ships, but it's been blocked since the end of February 2026. How has the industry adapted? Guests: Nick Bone, Fuels Industry UK Luke Johnson, Director of OPC Edward Hayden-Briffet from Onyx Capital Presenter: Evan Davis Producers: Sally Abrahams & Nick Holland Sound: Dave O'Neill & James Piper Production Coordinator: Katie Morrisson Editor: Sam Bonham

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## Transcript

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