Isjonathan Robinson News Today

if you have just joined if you havejustjoined us, good to have you with us. we begin with the soaring cost of energy. as governments and central banks grapple with rising inflation and a cost of living crisis, the worlds biggest oil company announces record—breaking profits. the saudi oil company aramco revealed it made more than $48 billion in profits in the second quarter of this year. the eye—watering sum marks a 90% year—on—year increase and the biggestjump in earnings for ...

we will look at taiwan in the moment and the implications of nancy pelosis trip there. we start with oil and the impact high prices is having on the global economy. nearly every country is struggling with the climbing cost of oil and gas as it fuels inflation and households struggle to pay bills — so much so that president biden visited saudi arabia last month to persuade the major oil producer to increase supply and cool soaring prices. saudi arabia meets today with the other member...

War in ukraine and the ongoing aftermath of the global pandemic. all of these factors into the oil price and makes thejob of central into the oil price and makes the job of central banks more difficult, they tend to look past energy prices that is worth noting but there are other fix the cost to businesses when they had to pass on prices this has a factor in the course size of inflation which central banks pay close attention to. i think the considerable uncertainty will carry on until the end o...

Limited capacity and use it very cautiously. joining me now isjonathan robinson, global power & energy research director, frost and sullivan. i dont know if you could hear a report outlining at stake. will we get any new news today from opec plus with regards to the amount of oil they will pump onto global markets? i actually think we will get very —— relatively little new news we will find there will be no increase in overall production, saudi arabia and the uae probably will commit to pump...

We begin with the energy market, which has seen its prices enjoy a roller—coaster ride since russia invaded ukraine, just over three weeks ago. as international sanctions cripple the kremlin, many have been asking who will make up for their shortfall, and will anyone buy their oil supplies? well, one country considering buying russian crude at a discounted rate is india, which currently imports 80% of its oil, and buys around 3% from russia. india may take up a discounted russian offer, given ...