also in the 70 is recommended by the minnesota state guidelines, the former police officer, apologize to the family. i am so sorry that i brought the death of your son, father, brother, uncle, crown son. if you for the rest of your way to your home, stay on the mother's. i'm sorry i brought this program. oh, a want to bring you the main story is this our now and us president joe biden has said he is convinced that the russian president has decided to invade ukraine. the us now says up 290000 russian soldiers are stationed near the ukrainian border. but joe biden insist there's still room for diplomacy. we have reasonably,

the russian forces are planned into an intend to attack ukraine in the coming week . the coming days we believe that they will target ukraine's capital key. a city of 2800000 innocent people were calling our rushes plans loudly repeatedly, not because we want to conflict, but because we're doing everything in our power to remove any reason the russian may give to justify invading ukraine and prevent them from moving. make no mistake if russia pursues his plans, it will be responsible for catastrophic and needless or of choice or sat purchase leaders in eastern ukraine. meanwhile, saying that civilians will be moved to russia from done yet. and hands with the approval of the kremlin, after an escalation, fighting there between government forces and the russian backed rebels on friday siren sounds in the east of the country urging people to find cover. while in the past, our rushes into facts, news agencies reported

a 2nd explosion in la hans as well as a fire on a gas pipeline near the city. meanwhile, the diplomatic efforts to avoid a conflict towards the continued security summit in germany. it's actually general warned that russia would be breaching international law if it invades ukraine. quit looking, all the headlines, and 6 african countries are going to be given technology to produce their own coven vaccines, in order to protect more people. deal comes after. wealthy countries have been accused of keeping most of the doses less than 12 percent of africans. a double vaccinated storm eunice has killed at least 8 people in belgium island, the u. k. and the netherlands, england bore much of the bronze with parts of the roof of london's o. 2 arena ripped off. that's it for myself and a team here in london. counting the cost is next as tensors intensify along the russian crane border. u. s. presidential white has threatened president

pollutant with severe economic sanctions saying of conflict of hers and could be the largest and vacancies, won't war 2 kinds implemented talks a few possibilities what we live for moscow to win? the latest developments on al jazeera ah hello, i'm fully back to go. this is counting the cost on al jazeera. look at the world of business and economics this week. marching closer to a $100.00 about oil prices have hit an 8 year high on he was wanting to the war in ukraine. so will the prices keep going up? and how are consumers feeling the pain? oh, so this week, russia and china signed a gas and oil deal as tension escalated over you grade. so why is person vladimir putin looking east? and could the energy pivot to asia post challenges for europe?

and as talks plates in silicon valley, the move by google's parent company alphabet aims to make shares cheaper and more affordable for investors. but is it really a good buying opportunity? ah, thank you for joining as to price of oil has hit its highest level since 2014. and that could raise the prices of almost everything. consumers have already felt the pain of the petrol pump as talk of a russian invasion of ukraine grew louder. the price of brent crude future's the global benchmark rose to above $96.00 for bow last week. and it might become even more expensive. and an oil market is tight and traders are worried. the geopolitical tension over ukraine could cause disruption to moscow's fuel exports. russia plays an important role in the global commodity markets is the world's number 2 producer of oil. second only to the united states. the ation exports about 5000000000 barrels a day of crude, roughly 12 percent of global trade. and around 2500000 barrels

a day of petroleum products, about 10 percent of global trade. about 60 percent of russia's, oil exports go to europe and another 30 percent to china. but other factors play an important role to demand for energy. soaring as karone of ice restrictions are being lifted. while inventories are stretched thin, there's been pressure on the organisation of the petroleum exporting countries and its allies, including russia, to increase supply by the group known as opec plus is failing to live up to its supply pledges. and the u. s. has released 50000000 bouts of oil from its strategic reserves in an attempt to ease the pressure on consumers or fears of a russian invasion. having just roiled the oil market, global stocks dropped to the sell off was sharpest in europe, and asian markets took ahead as well. russia's main stock market has also been dragged down and its currency. the rouble was weaker against c. u. s. dollar

european, natural gas and power prices went up past tensions rose. well, markets rallied and prices cooled off slightly after russia said some troops near the ukrainian border will return to their basis. but they remain volatile to every twist and turn in the ukraine. stand off a lot to discuss with our guests. first we go to robin mills, whose chief executive officer of comma energy. he's joining us from dubai. very good to have you with us on counting the cost. every one robin seems to be worried about oil prices crossing the $100.00 mark. do you see this happening? i think it's yes, it's very likely. prices have been pretty close. fill out that mark. for some weeks now. they've gone over 95 dollars 96 dollars, so getting very close laundered. the market remains significantly tight and you have the political concerns on top of the bus. so i think davidson significant, the bus situation for like low cost in the future. i will talk about the political

tensions in a bit. what other factors have been driving these prices up? well, primarily, what we've been saying is simply a very strong economic recovery from the current of ours. con, demik economies, reopening, travel, restarting, and particular, lot of industrial activity. so the energy consumption and that is run into constrained supply. supply of course, collapsed during during 2020 and they are plus group was very successful, cutting back production to, to meet the lower demand. it has not been so successful in bringing about production back online. yes. let's talk a bit more about opec plus. what can you do? what really do you think? what it's a bit tricky because you really have a situation our, an open pasco, you have only 23 members, maybe which have significant spec capacity, which is either either the sum of the rock. so every time that they announced they would increase production monthly by $400000.00 barrels today, which is their, their schedule demand. in fact,

the actual increase is $2150.00 or less. because many of the members actually physically can't increase production any more. so what could ok plus still what it could say we have to revise our targets alive. the members with spec capacity to produce more. but of course the members who are running out of spec about the resist. yeah. but as you say, sad you ravia and the you a, have a lot of spare capacity. do you think they'll be helping show up production? well, they're producing a target, it's not a problem with them, but they can't. and that they can't and won't produce over their targets for that one to, to break the deal. they put together such difficulty. now later this year by september in principal the, those production cuts should have been worked off. you know, then there's a room for another discussion about about where target should go perhaps either either way and a few others get allocated, hire a match political. so september's a long wealth. all right, it is a long way off. well, let's talk about what's happening now. and those geopolitical tensions with ukraine

. what is at stake here? do you see the prices calling off coming down a bit? if the tensions do ease in the coming days are coming weeks? well, the ukraine issue has put some pressure, no prices. i think not that much, perhaps a funny way, not as much as you should have been. i think you're rushing credit since your situation. the war has been much more about gas about oil. you know? yes. if there was a serious conflict, you could see that i could effect all supplies. but the moment i think it's on the adding a few dollars per barrel to the price. i mean, suddenly it's a treasure in relax, is that that will take off a few dollars just and robin. there's also the iran nuclear deal market for keeping a close eye on this deal. how critical is it to oil traders? what is effect prices? yes, it's pretty important, it's not a complete game changer, but if there was a deal, iran might over the next 6 to 9 months, bring back a 1000000 barrels a day or. busy so of it's which production of bell sell freely to the consumers other than china, which is on the market at the moment that might drop the price by now $6.00 to

$8.00 per barrel. busy at a guess. so certainly makes a difference, but it's not know that the game. all right robin males, chief executive of command energy. thank you very much for the moment. we'll be talking to you a bit more in just a few minutes like you. but what does all that means for consumers and the wider economy? to discuss this, i'm joined by our 2nd guest, tim hawk. it was professor and chief economists at the institute for public policy and governance at the university of technology, sidney team. thank you so much for being on counting the costs. so high prices we know affect consumers. what is the impact on everyday life? well, of course they price paying the highest, it's been since 2014 when they had the. ready dish in the crimea means that the balance is going to be a lot higher. we've already noticed that here in australia, even though we produce across cells. so you know, it's going to directly affect people. so i think what about the global economy,

what, what impact will it have on growth? does, does any country at this stage risk or face a threat of recession like conditions as a result of these high oil prices? well, not, not yet. but what's important is that russia itself is a major producer of oil, natural gas weight, palladium, capa nichol itself, would be a major supply shock from russia that would have a big impact on the global economy. then there would be, of course, a reaction to the higher oil prices that, that you mentioned in your preference. so a supply show from russia and then any impact you'd have from high or oil prices, given that russia is a major producer, an export of oil globally in time. right? right. and what about the impact on government policies seem to bring down? do you know the cost of living?

well, ultimately, if you're an oil producer, ohio, approximate that you will have a case based on your revenue. so a little bit more. busy fuel rich nations will find they've got more money to come into the economy, so that could be of benefit. but the economies that have right, dependent on, on oil want imports, energy, countries that need energy, security like korea and be quite difficult. now what about emerging emerging markets? how are they going little benefit from from these rise in prices? well, the emerging markets that oil projected patrolling producers? yes, i said i'd say they would. but the ones that are importing or. ready competing or don't have reserves, be quite quite tough on emerging markets and, and what him point to, i think there are lines that germany has on natural gas from russia. if you take european union speaking of russia,

do you see russia benefiting from the increasing prices? could that help it perhaps soften or the impact of sanctions if there were sanctions or they would open the short term, but ultimately would probably hurt russia, but most of not the ukraine. ah, but they might have sanctions imposed, but it would actually cause supplies. so the recordings. ready basically as i have to foreigners the war, so they would be very, very bad for russia and very bad, especially poor. ready the ukraine and probably a risk. so rank might be economically to roy. i interesting. thank you so much tim for talking to us in giving us your views on this. tim harker, professor in chief economy, said institute for public policy and governance at the university of technology sydney. we appreciate your time. thank you. thank you always. now the crisis in ukraine has push russia closer to his giant neighbor. china presents vladimir putin and changing, paying announce of friendship with no forbidden areas of corporation as they met at

the 2022 beijing winter olympics. and energy is at the heart of corporation between the 2 countries. hootin wants to diversify supplies away from europe, his nation is the largest gas supply to the continent. russia and china assigned gas in oil deals, valued at an estimated a $117.00 point. $5000000000.00 was never russia's largest oil producer assigned a 10 year deal with china. cnbc to supply a 100000000 tons of oil through cassock, sun and gas from agreed to ship 10000000000 cubic meters of gas a year through a new pipeline. increasing surprise to china to 48000000000 cubic meters put in a visit to bay. jane was compared to his may 2014 trip when he signed a deal to deliver gaster china as tensions were high over moscow's annexation of crimea. so russia is china's 3rd largest gas supplier and delivers it mainly through the power of siberia pipeline. the 3000 kilometer pipeline began pumping

supplies in 2019 and links east siberian fields. to ne, china and russia plans to build the power of siberia to which would double gas exports from russia to china crossing through mongolia. the pipeline connects china with the same gas fields that supply europe, and would put the continent in competition with beijing. china also imported almost $3000000000.00 worth of liquefied natural gas from russia last year, and invests in russia's your mile, n g, an arctic ellen g 2 projects. russia is china's 2nd biggest oil supplier after saudi arabia. and about 40 percent of supplies flow through the east siberia pacific pipeline. that was financed by chinese loans. and the economic ties go beyond the energy supply. russia in china's bilateral trade hit a record on your high of more than a $146000000000.00 in 2021. that's far higher than moscow's overall trade with the united states. but still less and with the e. u rushes trade with the block reached more than $220000000000.00 in 2021,

almost $1.00 times the size of russian chinese trade or back to robin mills, chief executive officer of commerce, energy in dubai. robin, what do you make of this deal? is this a sign that beijing is willing to support russia as economy against possible sanctions? from the west? i said in a more limited way than this, you know, chinese guesstimate has been growing by strongly trying to secure any supplies liquefied natural gas prices among the high the markets quite tight. so this is certainly of a challenge for china, and this is a more limited deal than the very grand plans. this is gas coming from an offshore island in russia. it's not connected to the rest of the russian system. this is gas, doesn't really have a hollow otherwise. it's quite a nice still trying to get access to gas. but without fundamentally changing the relationship with rusty yet. right brush has always been pushing for much grand to day. and, you know, we have to see if that will come, right. you see

a limited deal, but the 2 countries say it for mutually beneficial energy partnership. how, how important is russia in securing? china is energy security. well, russia is very important as a gas exporter and, and all export of a particular gas explore to, to, to china. china doesn't want to be solely reliance on, on the 5 natural gas coming out of the sea, which is maybe vulnerable to interruption at once on shore. land base roots both and central asia. and i'm from russia to bring in gas as well. but i think russia, china is always into trust men, personally, leveraging the relationship quite well and getting good prices from the russians. and secondly, never being too dependent on a never giving into the new grand schemes of the russians have. yes, i talk about a convention then ship, of course the country's work closely, but it's not yet the kind of grand laws and energy so that the russians might seem to be discussing till you would say that beijing has the upper hand in this energy

partnership with moscow? yes, i think very, very much so, i mean, russia has really nowhere else to turn. it has the pin market of course, which has its geopolitical and environmental complexities right now. and then it has a chinese market which is called big fast growing, but which is very remote in the main sources of russian gas production high. that's one reason for this. the oldest this, this gas food supplies coming from one of the few filters is relatively close china, right? before we talk about what impact they'll be on the european gas market. i want to find out more about russia. china's demand for gas is expected to increase as it moves away from coal. do you think this will make it a more lucrative market then? europe for the russians? i think price is chandra, is paying say it seems what we can tell that asked the actually significantly below what you're paying to pay. and particularly when we include the, the long transport distances from the buying gas producing areas. russia means expensive pipelines. so the that have to be financed by,

by the russian side. nicole gas in china. yes, china is trying to call, but still coldest shapes or gas has to be not too expensive to be able to compete. so price is really key. now, how will this energy deal affect european gas supplies, you think, especially as russia is in talks with, with china over the power of siberia to gas suffice. so the moment this still, it's connecting an isolated bales of china. so i can the difference the open market . as you mentioned, the past 2 pipeline is the real game change, because that would connect the west side there and fields which supply europe to china, then russia. and they've been to switch gas from europe to china, depending on the price, depending on the politics that that would be the guy and check. and so far the chinese have held off on, on doing that. perhaps i don't want to compete to, to, to help me with your plans. perhaps i don't want to be exposed to her classes, but at any rate, the power of suburb pipelines has not yet gone through that. that's something that

would really change the major scale. and then robin does the north stream got to gas pipeline, and there's been quite a lot of pressure in europe and the us to block this project can germany, which is, you know, at the helm of this north stream to gas pipeline projects can, can germany for dismissing the project all together, and how about russia, the prod, it brings money to his coffins designated? by problematic, i mean, look, in principle, russia could continue sending guster through ukraine, which is still there and that would be sufficient. so, maintenance commitments that was his mission to supply germany for those rates, which are been used, costa, the decades. but russia has the policy of trying to bypass you cried germany as so far, been paid to go along with the current situation by change that germany doesn't approve the pipeline nor stream to pipeline doesn't prove its operation. sanctions all that then the 2 sides left to think again, you know, is russia prepared to return to using

a lot more ukrainian transit or. busy would that mean severe shortages in germany and other parts of europe and been finally coming back to the russia, china, economic ties? how big of a role does energy play in these ties between the, the 2 countries and what are the other areas of corporation between them? well then decide is, is really crucial. i mean, the energy supplies from, from roster to china and this primarily gas but, but sir, all is important to us so that that's really the, the, the, the case applies, rushed to china plus throws color minerals. the smokes has been a little one sided relationship is of course in the of the direction a go chinese manufactured goods. so i think russians of, or has been somewhat sir wary of just becoming a caliber, a junior resource partner to, to china. but that is, that is the situation, but there is about so it's a bit, a bit of a, i think, for russia would be a bit of long balanced trading relationship, but unfortunately out, so that's with them as resources that they have to south china. robin mills,

thank you very much for talking to us about this. thank you for your insight. robin mills, his chief executive of come our energy into by thank you for your time. thank you. now investing in san marcos can be a very profitable business, but many people don't have thousands of dollars on hand to buy them. while google's parent company alphabet says it wants to make it socks cheaper for investors. the company has announced the 241 talk split, giving shareholders 19 more shares for every one they own. now this effectively means the cost of a single share has drops from around $3000.00 to less than a couple of 100. the company has published a massive earnings report with a revenue growth of 32 percent over the year that has sent the sock up 7.5 percent earlier this month. alphabets, recent decision comes almost 2 years after apple split his stock, reviving a practice that almost disappeared from u. s. markets, alphabet in apple or among the few technology companies that have seen their market

capitalization straight into trillions of dollars. but facebook is in decline for the 1st time in its history. its parent company metaphors has fed the social media platform last uses for the 1st time since it was established 18 years ago. falling by around half a 1000000 uses in the last 3 months of 2021. metters talk price plants more than 26 percent earlier this month, wiping out more than $200000000000.00 in its market value. knowledge find out more about house talk splits effect investors. joining me is neil wilson was chief markets analysts at markets dot com. joining us from london. neal, very good to have you with us on counting the cost. so why did alphabet split it stocks? is it just about attracting more investors? yeah, there's, there's several reasons i can read my, my current stokes, but i think one of the name of it is more retail investors. it becomes pretty on

the portable dollars. and by splitting it you, you reduce existing carol, those unaffected holdings are grow. you can be having just in general, in a big retailer activity and there is the option of with encompass fractional shares. it still remains more appealing on individual whole share. i right, 11 percent more potential investor base, but also you can encrypt that credit case number as you can. and also i also have one i or at least half an eye on, on being and you cut the value of each individual stock from

$150.00. you become much more in the, in the range that can be a good buying opportunity because we so companies like tesla and apple see their share prices. serge, after this stock splits in 2020 it. is it a good buying opportunity? well, the thing is that it shouldn't make no difference whatsoever to, to the price, but because you are increasing the number of potential shareholders that increases your world demand. so it could be potentially a good times by, i think, you know, there's a lot of retail frenzy around some of the stock setting apple, and i know quite sure alphabet like this in back me we have seen grew up because of the value because it stops and therefore, and you can see the institutional investors funds from running some about moving

already. so you want to call and say that your bet stick to the theory. the issue may not interesting. the practice had disappeared in the u. s. all but disappeared in the u. s why, why is it back now, neil, is it related to the fed decision you think, to, to increase interest rates? why do you really signed a lot of these companies? you know, the very low is rapid acceleration in prices. so companies, aging, you will not long ago, the apple that we made a big so many companies retail, that's a huge capital vacation and therefore the stock price is going up right. massive in number. the companies where, you know, they were trading in a couple $100.00 region, not that long ago and suddenly thousands of dollars. i think it's a mistake increasing and companies don't like stock city to to look too expensive.

so let's talk about facebook schools now. neil, i mean, the number of uses down why, why are people increasingly needing facebook? is it about, you know, younger people not being, being interested in it or they other factors of play? yeah, i think people just the next thing i think the company brands, they're trying to appeal to the next big thing on the young people generally i think a local competition both these days, streaming services as well. you you, it talks about tech, talk about competition. so you get a competition with the last thing. what, what about facebook's or troubles? i mean the, you know, the user of private use the data and accusations of facebook being a breeding ground or for hate speech. how, how did that effect use the numbers?

yeah, i think, i think most of the time people, i think there's general a general sense that facebook is no longer necessarily the good guy. it's is it pushed people who might and been stickier and wednesdays the insurgents. other platforms are, isn't it all together? i think you just sort of seen it kind of saturation point. google is well neil wilson, thank you very much for talking to us. neil wilson is chief markets analyst set markets dot com. thank you. and that is our show for this week. get in touch with us by 20 me at 40 by a j e, and do use ash like a j. c to see when you do or drop us an e mail counting the cost that al jazeera dot net is our address. there's more for you online at al jazeera dot com slash cdc. they'll take you straight to our page, which as individual reports, links, any tie episodes for you to catch up on. and that is it for this edition of counting the cost some fully bateau, from me in the whole team here in doha. thank you for watching. the news on al

jazeera is next rate as a weapon of wars leaves the very deep discussing scores. so rule that the victims, men and women can barely talk about it. a the only witnesses who can help bring about justice al jazeera fall as human rights campaign, as in libya. investigating right since the 2011 recognition libyan unspeakable crime on al jazeera the ripper hotel is the o tell that i've ever stated in the biggest box you have ever seen, had it explode or have taken out the hotel? this was germany. we loved it. when it was built and we lumped it even when it was

bombed, a major target of the conflict in northern ireland in the late 20th century belfast europa, a new episode of war hotels on all jazeera. ah, we believe that there will target ukraine's capital o'keefe. a city of 2800000 innocent people. the u. s. president elijah, is russia plans to attack you crying next week, but says there still room for diplomacy? ah, a flare up in fighting and reports of a large gas explosion in easton ukraine. separate to say civilians are being evacuated to russia. ah.