if you have just joined if you havejustjoined us, good to have you with us. we begin with the soaring cost of energy. as governments and central banks grapple with rising inflation and a cost of living crisis, the world s biggest oil company announces record breaking profits. the saudi oil company aramco revealed it made more than $48 billion in profits in the second quarter of this year. the eye watering sum marks a 90% year on year increase and the biggestjump in earnings for the world s largest energy exporter since its public listing three years ago. but what is the outlook for oil prices this year and beyond? the war in ukraine caused a significant spike in the price of energy worldwide prices have come off the highs reached earlier this year and now with fears of recession on the horizon in europe and other key economies globally, there are differing views out there as to where the price of the oil is headed. let s talk this through with craig erlam senior market an
fertiliser plant up to 100 containers are loaded onto the ship. here in the dock, this looks like an ordinary cargo ship but under the deck there is no engine or diesel. it is powered instead by batteries. there is a capacity of almost a seven megawatt hour, and to power 90 tesla cars and that is supplied with clean hydro energy. and, if everything is shipshape, to years from now, there won t be any crew on board at all. th there won t be any crew on board at all. there won t be any crew on board at all. in the beginning, i will be driving board at all. in the beginning, i will be driving the board at all. in the beginning, i will be driving the ship, - i will be driving the ship, more or less, as i do today, and more and what will be taken over by electronics, robotics. data collected will train an algorithm and eventually radar sensors and artificial intelligence cameras will help the vessel navigate by itself. docking, loading cargo, recharging batteries will also be automated.
The global health crisis that started more than a year ago is apparently worse than ever. But as humanity begins to see the light at the end of the tunnel, some have started to look back at more than twelve months of lockdowns and see what those meant.