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Transcripts For BBCNEWS World 20240704

The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and competing with european buyers there, which would in turn have some Knock On Effect on prices. As it had last week, 40 increase from around 30 to 36 euros just nothing like close to

Transcripts For BBCNEWS World Business Report 20240706

oil supplies look to tighten from next month, after saudi arabia and other opec plus oil producers announce output cuts of about 1.1 million barrels a day. saudi arabia said the move was aimed at stabilising the market. well, oil prices are currently trading higher, after the move by 0pec+. this is the second time the cartel slashed productions. the group last did so in october, cutting output by two million barrels per day. jonathan robinson is global power & energy research director at frost and sullivan. this move by saudi was something of a surprise. the us publicly ruled out new crude purchases to replenish its own strategic stockpile. how much of a collision course does it put ridadh on with america? it is interesting because russia had cut its production separately in march so it suggests a bit of co ordination between russia and saudi arabia and clearly they want to put a floor under the price of oil and see it recovering to the side of $90 a barrel, where it has been

Transcripts for BBCNEWS World Business Report 20240604 04:51:00

personal transport for many of asia s new huge megacities. and for this taiwan start up, the next stop is india. finally, we have all become keenly aware of the power of social media in connecting people worldwide and giving them a platform in which any one person s voice can go viral. it s also a powerful tool for companies to reach their customers and potential customers with their brands message. but one wrong move on a company s social media account can result in a pr crisis and social media fright . so what s changing when it comes to making social media work for your company? live now to linn frost, who s the managing director at the social element, a global social media agency which has visa, nissan and 0reo as its clients. thank you very much for being with us. we have had social media now for over ten years and i know for me it is a great tool to get in touch with companies and raise a complaint orjust ask the question. how

Transcripts for BBCNEWS World Business Report 20240604 04:51:00

not do by itself essential part of this great future. of this great future. how wonderful. of this great future. how wonderful. get - of this great future. how wonderful. get in - of this great future. how wonderful. get in touch l of this great future. how - wonderful. get in touch with of this great future. how wonderful. get in touch with me on twitter about your early phone memories. was it you, your mother yourfather phone memories. was it you, your mother your father who had the early phone in your house, what does it look like and you still the numbers. i certainly do. what is dyslexic thinking? and how can you nurture it in the workplace? the global charity, made by dyslexia is bringing the world dyslexia assembly to new york city today. the event aims to showcase the strengths that dyslexics can offer in the workplace and will feature some of the world s top companies including microsoft, ey and virgin, as well as speakers such as new york city mayor eric adams who also hap

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