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BBCNEWS World Business Report July 6, 2024

let s start with oil, because at the weekend, the secretary general of the organization of petroleum exporting countries, haitham al ghais, said he expects global oil demand to exceed pre pandemic levels this year. so what does this mean for the oil industry? joining me now is russ mould, investment director at aj bell. does this mean we are going to hit $100 per barrel again in 2023? , ., , hit $100 per barrel again in 2023? ., , ., hit $100 per barrel again in 2023? a, a a, 2023? gosh, that s a tricky question 2023? gosh, that s a tricky question for 2023? gosh, that s a tricky question for this 2023? gosh, that s a tricky question for this time - 2023? gosh, that s a tricky question for this time of i 2023? gosh, that s a tricky | question for this time of day. you can certainly construct a case where you can see oil going back up, perhaps not to the height of last year, but we have china reopening, the davos crowd and the imf seeming less worried about global ....

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BBCNEWS World Business Report June 4, 2024 05:38:00

Counterparties to trade, effectively you would have gas on the market where the liquidity isn t enough. you would then start to see prices jumping up and down because there isn t someone on the other side of the trade. the cap comes with some risks, thank you for explaining. another point on storage. the uk top adviser on infrastructure has said he is concerned that the uk government is not helping or ensuring the uk is going to have enough gas storage facilities in the future. can you tell us more about that? the uk is intricately linked with the rest of the european market. when you look at how high prices have gone in the past, it was very little to do with whether or not the uk had storage, it was to do with the fact the uk was tied through interconnect as with europe and via the switching of norwegian gas back and forth between the two market areas. it might help ....

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