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Transcripts For BBCNEWS World Business Report 20240708

Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting it wont be long before it hits 100 a barrel. Well, there are three main reasons. Firstly, theres now growing optimism about the speed at which the Global Economic will recover from the coronavirus pandemic. Secondly, geopoliti

Transcripts For BBCNEWS World Business Report 20240708

Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting it wont be long before it hits 100 a barrel. Well, there are three main reasons. Firstly, theres now growing optimism about the speed at which the Global Economic will recover from the coronavirus pandemic. Secondly, geopoliti

Transcripts For BBCNEWS World Business Report 20240708

Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting it wont be long before it hits 100 a barrel. Well, there are three main reasons. Firstly, theres now growing optimism about the speed at which the Global Economic will recover from the coronavirus pandemic. Secondly, geopoliti

Transcripts For BBCNEWS BBC News 20240707

worth also. the high pressure is not shifting, it is keeping the weather fronts at bay. interestingly on this occasion, the hot air is notjust coming in from the south but also an easterly direction and the breeze will spread the heat into parts of wales and the south west of england as well, so some very high temperatures could be realised here through the week. these are today s temperatures, maybe pipping 30 degrees, but for most of us it is the low to mid 20s and any rain clouds our way to the north, orkney, shetland. south of that into tomorrow it stays clear. 16 degrees in london tomorrow, for most of us a are 12 or 13, in london tomorrow, for most of us a are 12 or13, but in london tomorrow, for most of us a are 12 or 13, but those temperatures will start to skyrocket across the south of the country. you can see clear skies from the south coast into the midlands, much of eastern scotland and ireland, widely around 30 degrees i think in the south east. more typically ar

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