That company is the saudio oil giant saudi aramco, and its feeling the effects of lower oil prices, lower than expected demand from china, and thinner Profit Margins for refining oil. Between april and june, the company made a Profit Ofjust over 30 billion, lot of money by anyone s metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business Cor
Earlier, i spoke to dr matt patterson, whos a Postdoctoral Research assistant in Atmospheric Physics at the University Of Oxford and has been following the winter heatwave. He said this is not a common occurance. Its really quite unusual to see a heatwave of this magnitude in the winter. As you said, weve seen temperatures of 38 degrees in some andes towns when we would expect to see temperatures of 10 15 degrees at this time of year. So really quite unprecedented. In terms of the magnitude, 20 degrees more than average, thats comparable with Summer Heatwaves that weve seen in the southern United States, Southern Europe and china this year. Can you explain in basic terms what exactly is causing this heatwave in winter . Certainly. Its a High Pressure system just to the east of the andes, which is basically dragging warm air down from the tropics and bringing that heat down towards chile and argentina. That High Pressure is also compressing the air, much like when you pump up a bike tyr
Hello, iam none hello, i am none to thanks for joining us on bbc news. First to niger where, in the last two hours, a deadline for the militaryjunta to step down has passed. The leaders of nigers coup have hours to restore the ousted president , or face the possibility of Military Action. Thousands of people gathered in nigers capital to support the militaryjunta as that deadline expired. Despite International Condemnation of the soldiers actions, thousands of nigeriens continue to show support for the army 7 hoping it can offer the country stability. Some neighbouring countries including mali, burkina faso and guinea have voiced support for the coup leaders. And algeria, which Borders Niger to the north, has said it is categorically against armed intervention. France says it will support efforts by ecowas to restore nigers elected president. Niger s Prime Minister was in paris on saturday 7 meeting lawmakers and greeting protestors outside the countrys embassy. He has dismissed pro co
Respects, england, to have a penalty overturned. Unlucky. The referee said it wasnt to be a penalty for a glimpse of the got through that 0 0. Nigeria with a better team in the first half. The second half starts again with nigeria at the stronger team, hitting the woodwork twice in the second half. It looked at one point that they were going to score a goal and england would have to come out and try and attack this nigerian side, but it didnt happen and laurenjames was sent off in the second half for england, as well. It looked like it was going to be difficult for them to turn this around. Laurenjames given a red card after var intervened again in one of the nigerian players. At that point she had flashbacks to the englands mens teams in different eras going out on penalties. It was gorgeous after extra time. Then the penalties. It was a nervous time for ed byrne. Stanway missed for england first up, then nigeria missed on their reply. Beth england scored for england from the second p