Last week, Saudi Crown Prince Mohammed bin Salman announced huge price cuts for Saudi crude oil and a planned increase in the country's daily production from 9 million barrels to 11 million barrels per day, with the extra production beginning next month.

But what does this mean for petrol prices in Australia?

Doctor Nicolas de Roos, an Associate Professor of Economics at The University of Sydney, Mark Mckenzie, CEO of the Australian Convenience and Petroleum Marketers Association and Michael Day, National Treasurer for The Australian Electric Vehicle Association join host Max Tillman to talk Black Gold and the precarity of the pump.