so let s get started, and we begin with the latest meeting of the world s major oil producing nations - 0pec+. world leaders, including president biden and the uk prime minister, are hoping the group will agree to pump more oil and ease energy prices that is fuelling inflation. in a bid to increase pressure, joe biden is headed to saudi arabia next month for meetings. but so far the signs are the oil producers group, which includes russia, is unwilling to budge. opec nations produce around 30% of the world s crude oil, about 28 million barrels a day. let s talk this through with spencer welch oil analyst with s&p global. good morning to you. in the last month they had agreed to increase production a teeny tiny bit. but what is their argument for not increasing it more now? more now? good morning, actually more now? good morning, actually they more now? good morning, actually they have - more now? good morning, actually they have been - actually they have been increasin
hello, i m lewis vaughanjones, welcome to verified live, three hours of breaking stories and checking out the truth behind them. we are going to start here in the uk and the latest on that escaped terror suspect. and the latest on that escaped terrorsuspect. plenty and the latest on that escaped terror suspect. plenty of questions being asked about how it happened. 0ne being asked about how it happened. one of the questions, did he get any sort of help from anyone inside the prison? that was just one of the questions posed by the head of london s metropolitan police, sir mark rowley. meanwhile, overnight, search operations did centre for a time on richmond park, a large park in london. forall time on richmond park, a large park in london. for all the latest, here is our correspondent. 2500 acres. it is london s largest royal park, and this morning police confirmed richmond park was a place of interest, on day three of a manhunt. residents told me it had been a noisy night, as
Our intention right the way through 2022, to carry on month ljy through 2022, to carry on month by month, and tried to push more oil onto the market. what is our more oil onto the market. what is your outlook more oil onto the market. what is your outlook for more oil onto the market. what is your outlook for prices - is your outlook for prices given what you just said, rent trading at $116 a barrel, which direction is it hitting and what does that mean for all of us struggling with the cost of this? ~ ., , . this? we don t expect, we were used to oil this? we don t expect, we were used to oil being this? we don t expect, we were used to oil being more - this? we don t expect, we were used to oil being more like - this? we don t expect, we were used to oil being more like 50 l used to oil being more like 50 or $60 a barrel, we don t see at s&p global we don t see it dropping back down suddenly, there is a significant amount of oilfrom russia, which people don t want to buy, it
Or is this it for russia? oil is a global or is this it for russia? (1) i. is a global commodity, so if europe manages to not, not getting oilfrom russia, then there is a global market, we rush is going to try to sell. now, there are some limits on russia, the russian oil export infrastructure is designed to move forward towards the west, it s pipeline infrastructure towards asia is almost fully utilised it means it will be incurring somewhat more significant transportation cost when it tries to move oil to other destinations. but without calibrating the assumptions with further measures, one can assume russia will be able to redirect huge proportion of global oil that does not end up in europe.
Which p.m. roubles. when in fact from a european customer perspective you are still sending over a year else. with a gas turns those heroes into roubles or someone else does it from a european perspective it does not matter. i think that is the compromise that is likely to emerge when you have a technicality of windows heroes are turned into roubles that are now rushing to claim victory that they have somehow accomplished something when they accomplished something when they accomplished nothing. let s take a look at what s happening on the ground in ukraine now. over the past few weeks we ve been telling you about the besieged port city of mariupol, in the south. tens of thousands of civilians are still trapped there. they ve endured weeks of russian bombardment. we know that the red cross is gearing up to lead an operation on friday to evacuate them. the situation there is critical. the un s human rights mission in ukraine says: there could be thousands of deaths, civilian casualties