Isjonathan Robinson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 world's 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 the world's largest energy exporter since its public listing three years ago. but what is the outlo...

we will look at taiwan in the moment and the implications of nancy pelosi's 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 members of opec plus to decide on their next move. our middle east business correspondent sameer hashmi h...

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 of the year and until 2023 as well. joining me now isjonathan robinson — global power & energy rese...

Limited capacity and use it very cautiously. joining me now isjonathan robinson, global power & energy research director, frost and sullivan. i don't 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 pumping a little more to fill the gap but i don't think we will see any major changes, no. fine but i ...

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 that crude prices have risen around 40% so far this year. joining me now isjonathan robinson — glo...