logo
episode-header-image
Apr 2023
26m 29s

Reaction from US as oil prices surge aft...

Bbc World Service
About this episode
Oil prices have surged after several of the world’s largest exporters announced a cut in production. Saudi Arabia, Iraq and several Gulf states announced they were cutting output by more than a million barrels of oil a day. Also, Russia said it will extend its cut of half a million barrels per day until the end of the year. The price of Brent has risen by al ... Show More
Up next
Yesterday
Trump visits flood damaged areas in Texas
President Trump and the First Lady Melania Trump have visited central Texas today to survey where flash floods killed 120 people last weekend. As search teams continue to search for more than 160 people still missing, Mr Trump and his wife met families affected by the floods and ... Show More
26m 27s
Yesterday
President Trump threatens 35% tariffs on Canadian goods
President Trump says he'll impose a thirty five percent tax on imports from Canada... and more if it retaliates. Meanwhile, countries attending the gathering of East and Southeast Asian foreign ministers are threatened with tariffs of up to fifty percent. Andrew Peach hears from ... Show More
26m 28s
Jul 10
Trump threatens Brazil with 50% tariffs
U.S. President Donald Trump is threatening to put a 50% tariff on Brazilian imports. Brazil says it will retaliate with a 50% tariff of his own. So what does this escalating trade row mean for Embraer—one of the world’s biggest aircraft manufacturers based in Brazil? And could it ... Show More
26m 27s
Recommended Episodes
Apr 2023
What a production subtraction by OPEC+ means
The OPEC+ cartel surprised markets this weekend with plans to cut oil production by more than 1 million barrels per day. This classic story of supply and demand has already pushed up the oil price, and it could have major ripple effects across the global economy. Plus, hot job ma ... Show More
28m 16s
Aug 2022
Oil jumps as IEA warns of 'substantial' gas-to-oil demand shift!
US equities could hardly consolidate gains they posted following the Wednesday’s softer-than-expected inflation data in the US, even as the producer price index printed the first monthly decline since April 2020. The barrel of US crude rebounded to $94 as the International Energy ... Show More
10m 53s
Sep 2022
Martijn Rats: Will Oil Prices Continue to Fall?
While the global oil market has seen a decrease in demand, supply issues are still prevalent, leaving investors to question where oil prices are headed next. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan Stanley's Global Commodity Strategist. ... Show More
3m 47s
Apr 2020
US refiners defend surge of Saudi crude heading for US ports
A surge of Saudi crude is heading for US ports, the result of the OPEC heavyweight slashing its April selling prices during the thick of its price war with Russia last month. Oil-state senators are calling on the White House to impose tariffs or other trade barriers to stop the d ... Show More
17m 22s
Jun 2021
U.S. Shale Oil Walks the Line
U.S. benchmark oil prices are up almost 50% this year, as global demand continues its pandemic recovery. In the States, rising demand and rising prices have led to production increases - but only modest increases so far. This week, Switched On speaks with Tai Liu and Anna Dialyna ... Show More
28m 50s
Mar 2022
What a ban on Russian oil means for Canada
Oil prices in Canada skyrocketed this week as sanctions on Russian energy effectively shut the world’s third largest oil supplier out of the market following its invasion of Ukraine. The United States and the United Kingdom moved to ban Russian oil imports. Even the European Unio ... Show More
23m 11s
Apr 2024
A ‘Hot’ Summer for Oil?
Oil demand has been higher than expected so far in 2024. Our Global Commodities Strategist explains what could drive oil to $95 per barrel by summer. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Martijn Rats, Morgan Stanley’s Global Commodities Strategist. Along ... Show More
3m 4s
Apr 2020
A Glut in Oil
Something weird happened last week. It was something that millions of people who have faced years of painful prices at the gas pump never expected: The cost of a barrel of oil dropped into the negatives. Today, we explore why this happened, and what it reveals about the state of ... Show More
27m 23s