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Global energy prices touch fresh highs

Global energy prices have surged as Russia intensifies attacks on key Ukrainian cities.

Global energy prices have surged as Russia intensifies attacks on key Ukrainian cities. As the oil producers' cartel OPEC plus Russia stick with a planned 400,000 barrel per day increase in production from April, we explore the thinking behind the latest announcement with Carole Nakhle, chief executive of advisory and research firm Crystol Energy, which is based in London. Also in the programme, as more and more firms announce that they will curb their engagement with Russia, following Western sanctions on the country, emerging market economist Liam Peach of Capital Economics tells us what the overall impact of the sanctions are likely to be on Russia. With Vladimir Putin's government imposing ever stricter measures on media outlets within Russia, we find out how ordinary Russians are staying up to date with developments in the Ukraine conflict from Veronica Snoj, of Βι¶ΉΤΌΕΔ Monitoring in Moscow. Plus, the Βι¶ΉΤΌΕΔ's cyber reporter Joe Tidy fills us in on the role of cyber warfare, as the conflict unfolds.

Today's edition is presented by Mike Johnson, and produced by Benjie Guy, Sara Parry, and Russell Newlove.

(Picture: A pair of oil pumps. Picture credit: Getty Images.)

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27 minutes

Last on

Wed 2 Mar 2022 15:32GMT

Broadcast

  • Wed 2 Mar 2022 15:32GMT