Aramco the oil giant posted net profits of 111000000000. 00 euros last year because creative cost doesnt only go to financing the saudis face it also pays for a lot of perks for the general public petrol is cheap health care and education are both free for. No one pays income tax. The oil concealed beneath the Saudi Arabian desert has almost been pumping itself out of the ground for a few years low drilling costs have made iran co the most valuable and Profitable Company in the world and its the biggest 12 percent of the worlds oil comes from topps but no one knows with any certainty had the company is structured and run around co avoid publicity as far as possible its shares will only be listed on the Riyadh Stock Exchange now and there are questions about just how large its sited reserves really are not to mention the uncertainty around or oil prices and a move towards renewables Crown Prince Mohammed Bin Salman wants to reduce his countrys reliance on oil revenues from around close
Sinks into chaos Pope John Paul 2 seconds just chants of the people from steel. Cars. The start of an era that defines a modest. 1970 the big coup today steps december 23rd. Cuts. Opec debates another big Production Cut what could it mean for africas Biggest Oil Producer nigeria and how could saudi aramco upcoming i. P. O. Get the oil markets well take a look at both. Also on the show the latest in Drone Technology is on display in amsterdam but in a rising industry deal with regulation and growing security fears. Im Stephen Beardsley in berlin thanks for joining us. Opec organ the organization of the Petroleum Exporting countries and its allies are moving closer to one of the deepest output cuts in this decade and the group is meeting in vienna to discuss an additional cut of 500000 barrels a day out on top of the current cuts of 1200000 barrels daily the aim is to support crude prices of medical oil clutch new quotas could be difficult for Africas Largest Oil Producer nigeria which h
Go to the euro max channel. Going to find stories. With exclusive sites. And a must see concerning part time culture kingaroy. Curious minds. Do it yourself networkers. Subscribers dont miss out. Ministration succeeds in reducing the trade deficit fresh figures show the u. S. Is importing and exporting less going to war with china but it could be a bad sign for the economy. In france paralyze the entire country to say no to a proposed pensions reform. And saudi arabia prepares for the worlds biggest i. P. O. The National Oil Company will sell 25600000000. 00 in shares what are they worth to. Program the u. S. Trade deficit dropped to its lowest level in nearly one and a half years in october according to the Commerce Department the trade bill fell 7. 6 percent to 47200000000. 00 as both imports and exports declined this could be a direct consequence of Donald Trumps america 1st policy which has seen several tariff disputes including a trade war with china the trade deficit with china f
They saiy could be moved up a bit. Theyre closely monitoring the situation. It could come up as early tuesday night into wednesday morning of the live in e. Thom jensen. Happening right now, you can see mayor sam liccardo discussing potential shutoffs that they were talking about. This is happening throughout santa clara county. It is going on right now. You can see it started about ten minutes ago. Theyre hook at a hive picture of that. Numerous city leaders discussing safety mans if the lights do go out. What are the options . What do they do next . As soon as we know more, well bring it to you coming up at 6 00. Pg e put m to show which counties could be affected. Everything is highlights in blue. It could be impacted. The ma rt jo of san jose will likely stay online to parts of the foot hills. They could lose power. So could parts of saratoga and cupertino. In the east bay, at risk areas include berkly and the Oakland Hills and sections of walnut creek. We made it easy for you. Wev
In the north bay to the upper 50s over in alameda. 58 in bodega bay. Starting out cool and sunshine and temperatures coming down a bit over the weekend. Today the warmer of the two. Ill detail the forecast later. Lets get the to destructive wildfires burning in Southern California. Killing at least two peep. Here are live pictures from one cht fires well have pictures of theed saddleridge fire. You can see them burning in los angeles. The fire ripped threw more than 7500 acres of land and only 13 contained. Marshalscy gonzalez reports from one of the hardest hit communities. Massive fires tearing through Southern California, destroying dozens of homes. My house i can see where it was from here and its all gone. Santa ana winds spreading flames quickly as families scramble to evacuate facing nightmare on the roads. The the bemers in the air above me its coming this way were getting out. Fiefrpts in Los Angeles County hosing flames creeping toward the backyard. Theyve done everything to