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Transcripts for BBCNEWS BBC News 20220308 20:14:00

more pressure on the government. now we re seeing for the first time in years that there is actually a delegation from washington in order to try to right restart conversations, ring and some oil from venezuela. the conversations, ring and some oil from venezuela. conversations, ring and some oil from venezuela. ., ., ., , , , , from venezuela. the amount of supply is controlled. from venezuela. the amount of supply is controlled, presumably from venezuela. the amount of supply is controlled, presumably of from venezuela. the amount of supply is controlled, presumably of russian . is controlled, presumably of russian oil was removed, other producers could turn up the tax, and that would counterbalance that? he. could turn up the tax, and that would counterbalance that? no, it could, but remember, would counterbalance that? no, it could, but remember, because i would counterbalance that? no, it could, but remember, because it| would counterbalance that? no, it| could, but rememb

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Transcripts for BBCNEWS BBC News 20220308 20:16:00

exports the shipments, purely because the exports are the shipments, purely because the exports are pretty much blocked. there exports are pretty much blocked. there is exports are pretty much blocked. there is a exports are pretty much blocked. there is a huge safety element, and hopefully, there is a huge safety element, and hopefully, these shipments are on a daily basis to feed the population. right daily basis to feed the population. right now, we already see countries can t afford right now, we already see countries can t afford at a time when food is a huge can t afford at a time when food is a huge part can t afford at a time when food is a huge part of consumer prices. this is massive a huge part of consumer prices. this is massive inflation. you a huge part of consumer prices. this is massive inflation. is massive inflation. you may have hear me speaking is massive inflation. you may have hear me speaking to is massive inflation. you may have hear me

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Transcripts for BBCNEWS BBC News 20220308 20:13:00

country that is a big provider on the world stage does have a ripple effects right around the world, including here in the united states. also, in terms of potential benefits for the us economy, the gaps presumably left by russian imports can be filled in by american businesses. can be filled in by american businesses. , , , businesses. and can be, but remember there are some businesses. and can be, but remember there are some bands businesses. and can be, but remember there are some bands on businesses. and can be, but remember there are some bands on the businesses. and can be, but remember there are some bands on the domestic| there are some bands on the domestic production of oil here on the united states. so, what we re seeing is the united states has been going to other countries to try and find other countries to try and find other sources of oil and make up for the shortfall. earlier this week, we heard that the united states has been speaking with saudi arabia, and

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Transcripts for BBCNEWS BBC News 20220308 20:11:00

up sums of money, some of which ended up in the kremlin s offers, financing the war. a tempo client diplomat said they have come with this sanctions along with other western allies, and there s a fear that russia is no longer a reliable supplier of gas and oil as well. earlier, a threat by moscow to cut off gas supplies to western europe sent the prices of oil and gas soaring. the russian deputy prime minister warned of catastrophic consequences for the global market , with oil driven to more than double to $300 a barrel. well, this was the price of brent crude a short while ago, after the benchmark hit its highest level for 13 years last week. that s translated to real world effects at the petrol pump. the uk has already been hit by the steepest weekly hike in fuel prices in at least 18 years. the average price of

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Transcripts for BBCNEWS Outside Source 20220308 20:00:15

Transcripts for BBCNEWS Outside Source 20220308 20:00:15
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