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BBCNEWS Talking Business July 7, 2024

i m 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 america s national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle east s 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 ukraine. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, they war between russia and ukraine is about to enter its sixth month. the human suffering on the ground has been massive and the economic consequences of the war and the sanctions imposed on russia, are spreading around the world. nowhere is it as stark as the oil and gas industry. vladimir putin s invasion of ukraine is causing energy prices to skyrocket around th ....

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BBCNEWS Talking Business July 7, 2024

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, they ve 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? i m 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 america s national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle east s 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 ukraine. wherever you rejoining me from around the world once again a big hello and a warm welcome to the show. you k ....

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BBCNEWS Talking Business June 4, 2024 00:38:00

So i think we ve moved back into a world of the cold war scenario and i think the population in germany feels that danger and they know they have to have a price to be paid to have stability, security and so on. so that is my prediction but we don t know what s going to happen. but i think there s been no real criticism of the sanctions from the public. well, on that note, ulrich hoppe, thank you very much for your time. much appreciated and i ll talk to you soon. thanks for having me, bye bye. but, of course, the energy crisis, it s not limited to europe, farfrom it. in america, prices are also on the up, despite an unprecedented six months of the extra oil being released from its reserves. so i ve been speaking to one industry expert who sits on america s national petroleum council, which advises the country s scretary of energy. she s also head of commoditiy strategy rbc markets. helima croft, a real pleasure having you on my show. thanks for your time. ....

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BBCNEWS Talking Business June 4, 2024 14:39:00

To europe, farfrom it. in america, prices are also on the up, despite an unprecedented six months of that extra oil being released from its reserves. so i ve been speaking to one industry expert who sits on america s national petroleum council, which advises the country s secretary of energy. she s also head of commoditiy strategy at rbc markets. helima croft, a real pleasure having you on my show. thanks for your time. helima, let s start with this. with russian oil and gas dwindling and more sanctions on the way, is the rise in prices, is it a necessary cost of the sanctions? well, i mean, ithink this is an interesting question about what is the cost that the west is willing to pay for supporting ukraine? now, what is interesting is that the major sanctions on russian energy have not hit yet. those will be coming into effect in december. so the key question is really going to be, how much further do prices rise from here, when we start to see potentially significant russian export di ....

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BBCNEWS BBC News June 4, 2024 13:28:00

And then of course there has been concern from the government, the competition and markets authority, they have issued a statement. thea;r they have issued a statement. they have investigated they have issued a statement. they have investigated the they have issued a statement. tue: have investigated the secondary ticket websites before. a simple statement from them football fans looking to attend. the bottom line here is use a bit of common sense. i was speaking to one industry expert who has looked into ticketing for years, if you cannot buy the ticket through the official channel, in this case it is uefa, and it is sold out, thenjust this case it is uefa, and it is sold out, then just watch the game in the pub or round your house. don t risk losing thousands of pounds. thank ou ve losing thousands of pounds. thank you very much- now it s time for a look at the weather with nick miller. hello. just limited sunny spells around today. ....

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