Opec System News Today

im going to be discussing all of that with these two, there they are, dr ulrich hoppe, the director general of the german british chamber of industry and commerce. and helima croft, a member of americas national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle easts oldest privately held oil and gas company, crescent petroleum, joins me to talk about those skyrocketing prices, energy supply and the impact of the war in u...

an energy emergency? energy companies across the continent warn of higher prices. limited rationing is already under way in germany as the supply from russia starts to drop off. in america, theyve released more oil to the market but is it enough to keep us all going? with more sanctions and cold weather on the way, are we looking at a perfect storm for the energy market? im going to be discussing all of that with these two, there they are, dr ulrich hoppe, the director general of the g...

Even in europe. but you say supply is tight, but, correct me if im wrong, opec could increase its supply, couldnt it? so theres actually currently very little supply capacity, spare capacity in the opec system. currently, opec members are struggling to produce even their target quotas as they are. there may be some, or there is likely some, in saudi arabia. but not very much. is it a million barrels, less than a million barrels? and perhaps some hundreds of thousands of barrels from places like ...

Up with the climate finance commitment that you made that was supposed to have been paid two years ago, just $100 billion, dwarfed by whats being spent within europe and within the us, even though emissions in those continents have been falling for decades now. and now you want our natural resources and youre willing to, you know, put your climate commitments to one side, which is what weve seen a little bit in the last week, even in europe. but you say supply is tight, but, correct me if im wro...