has been feeling the force of storm eunice, at least 3 people have been killed on the northern port of hamburg has suffered the most damage. while the warnings had been issued in belgium, denmark and the netherlands and denmark didn't just have to contend with storm eunice. but storm nora as well that and put off around $1500.00 runners, taking part and at light installation. despite the winds and the rain, they jogged along the 7 kilometer route, passing around 50 lit up works of art event. and copenhagen was organized in collaboration with the danish architecture center. ah, this is our 0. these are the top stories you as president joe biden will convene a national security meeting on sunday to discuss the crisis in ukraine. the training military says russia bags separatists have fired artillery on more than 30 settlements in the east of the country. the multi nation monitoring agency, or s c e, is set of recorded almost 2000 to cease fire violations on saturday. russia says

hypersonic missiles have been launched during strategic nuclear drills overseen by president vladimir putin. the kremlin denies the wargames will further inflame tension. ukrainian president has warned that a war with russia will have at global consequences. laudermill zalinski told delegates of the munich security conference that the global security infrastructure is fairly ukraine. he says his country is committed to peace, but world powers are failing. ben shaw, why did benson's delete the bills in the my, to roy, there is no such thing as, it's not my war and the 21st century, the annexation of crimea, and the war in dumbass are a blow to the whole world. as of this is not about water ukraine watermark. this is about water in europe. so i mentioned this in 20192022021. if with well be able to hear me in 2022 little canadian police. so they made progress in clearing protesters opposing pandemic restrictions from streets and the capital ottawa.

demonstrators started to leave after officers moved on those camping outside parliament. they've occupied the area for the past 3 weeks. hundreds of people are celebrating on the streets of molly, after the ruling military saunter ordered french troops out of the country runs. it already announced its withdrawal after a 9 year mission fighting against groups linked to our hider, and iso or molly. once them gone without delay, paris says the process could take as long as 6 months. 12 truck drivers remain missing as emergency services battle to control of fire on a greek ferry. blaze broke out and fighting as the vessel headed to italy with $288.00 people on board. the missing lot of drivers from bulgaria, greece, turkey, and lithuania, and those are the headlines. the news is going to continue here on al jazeera. after counting the cost or see them good by the latest news as it breaks after the killing of $2.00 ice,

a leader is why the united states over the last 3 years, many across the board, their fear group will see that as a challenge with detailed coverage opposition to the mine runs strong signs against it, like this one are found across the community from around the world. very hard to get a sense of public opinion inside me. i'm up with the military arresting people for their political beliefs. 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 a bow. oil prices have had an 8 year high on us warnings of a 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 great,

so why is present vladimir putin looking east and could the energy pivot to asia post challenges for europe and a stocks 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 thank you for joining as the 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, pompous talk of a rush, an 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 the 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 nation 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 corona's. eyes 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 his supply pledges. and the u. s. has released 50000000 bounce 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 stalks 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 rubel was weaker against c. u. s. dollar european, natural gas and power prices went up past tensions rose. well, markets rallied in 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 for as we go to robin males 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 says it's very likely. some prices have been pretty close to up. but bach of food for several weeks now and they've got over $95.00, smart, $6.00. so getting very close to laundry, the walk it remind significantly tight. and you have the geopolitical concerns on

top of that. so i think a day without some significant, reversed them. the situation is very likely we will, cassandra, in the near future, i will talk about the geopolitical tensions and a bit what other factors have been driving these faces up? well, primarily, what we've been seeing is simply a very strong economic recovery from the current of ours. panoramic economies, reopening travel, restarting and particular, lot of industrial activity. heavy energy consumption and others run into constrained supply. supply of course collapsed during during 2020 and they are plus group was very successful and 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 i do? what will it do you think? well, it's a bit tricky because you really have a situation our big plus group. you have only 23 members maybe which have significant spec capacity, which is either either the, you, i,

some of the rock. so every time that i announced i would increase production monthly by 400000 bows today, which is their, their schedule demand. in fact, the actual increase is 200, a 150 or less, because many of the members actually physically can't increase production any more . so, what could ok but still what they 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 expect the resist. yeah. but as you say, 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 prop side the right 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 the 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 should've been i think you're rushing constant unit situation. whereas 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 only adding a few dollars per barrel to the price. i mean, certainly if it's a treasure relaxes, then that will take off a few dollars. yes. and robin, there's also the iran nuclear deal market for keeping a close eye on this deal. how critical is it 2 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 of which production of bell sell freely to. busy 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 come our 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. sydney came, thank you so much for being on counting the cost. so high prices we know effect 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, the reaction to the higher oil prices that you mentioned in your preference side, a supply show from russia, and then any impact you'd have from ohio oil prices. given that russia is

a major producer export of oil globally in time, right? right, and what about the impact on government policy 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 pump into the economy, so that could be of benefit. but the economies that have right, dependent on, on oil want imports, energy, countries that made energy security like korea and be quite difficult. now, what about emerging emerging markets? how are they going well, benefit from from these rising prices? well, the emerging markets that oil projected petroleum 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 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? i think it was over the short term, but ultimately would probably hurt russia. but most of not be your crime. oh. but they might have sanctions imposed, but it would actually cause supplies. so the recordings basically as i have to foreigners, the war. so they would be very, very bad for russia and very bad, especially for. ready the you crime probably a risk so rank might be economically to roy. i interesting. thank you so much, tim for talking to us and given 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 pushed 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 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 ellen 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 very strongly trying to secure the supplies liquefied natural gas prices among the high the markets quite tight. so this is certainly of a challenge with 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 russia yet. right brushes always been pushing for much granted there, you know, we have to see if that will come. right. you see a limited deal, but the 2 countries say it's 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 exposure 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 routes both and central asia. and i'm from russia to bring in gas as well. but i think russia, china is always, it's a chest 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 the chinese market, which is called big fast growing, but which is very remote in the main sources of russia 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 from 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 main 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 cheap. so 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 changed because that would connect the west side there and sales, 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 to 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 sub 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 u. s. 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, brings money to his coffin president? yeah, i spoke 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 would be sufficient to supply germany for those rates which have been used, costa, the decades. but russia has the policy of trying to bypass you cried. germany is 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

on it. then the 2 sides want to think again, you know, is russia prepared to return to using a lot more ukranian transit or. busy would that mean severe shortages in germany and other parts of europe and have 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, just thought is really crucial. i mean, the energy supplies from russia to china, and there's primarily gas, but, but what is important to so that's really the, the key supply from russia, china plus there's con, minerals. this makes has been a one sided relationship, of course, and the other direction go chinese manufactured goods. so i think the russians have always been somewhat so wary of just becoming a kind of a junior resource part the to, to china. but that is the situation that they're about. so it's a, it's a bit of a,

i think the russian by the a bit of love balance the trading relationship. but unfortunately that's, that's with them as resources that they have to self china. robin mail, thank you very much for talking to us about this. thank you for inside. robin males is chief executive of kumar, energy in dubai. thank you for your time. thank you. now, investing in stock market can be a very profitable business, but many people don't have thousands of dollars on hand to buy them. while google sparing company alphabet says it wants to make it fox cheaper for investors. the company has announced a 241 to talk split, getting shareholders 19 more shares for every one they own. 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 stock up 7.5 percent earlier this month. alphabets, recent decision comes almost 2 years after apple's play, the stock reviving

a practice that almost disappeared from us markets alphabet, then 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 met reverse, 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 meters talked price plunged more than 26 percent earlier this month, wiping out more than $200000000000.00 in its market value. now let's find out more about house talk splits affect investors. joining me is neil wilson was chief markets analysts at markets dot com. joining us from london. neil, 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 thoughts. but i think one of the main ones, more retail investors, it becomes pretty affordable when they're stocked dollars. and by splitting it use the existing carol, those factors are holdings grow. you can of course, have interest in salt lockers generally in the big retailer. and while there is the option of good income is it still remains more appealing on individual whole share. i right, 11 percent. that's a bit more potential investor base, but also you can encrypt. could you see the case number you can share and

also back it up one i or at least half an eye on, on down to being cut the value of each individual stock from $350.00. you become much more in the, in the range that can be so is it a good buying opportunity because we so companies like tesla and apple see their share prices, serge after this phone split 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 increases, your roll demand. so it could be potentially times buy. i think, you know, there's a lot of retail frenzy around some of the stock setting apple and i don't quite sure alphabet like this in back me we have seen will go. ready up and buy you because us go over those examples of those locals in the store to go up and buy

it because it stops. and therefore, you can see a potosi institution versus headphones from running some of that movie already is a bit of a tricky one because i say that in your best, those stick to the theory that you may know difference or not interesting. the practice had disappeared in the us all, but disappeared in the u. s. why, why is it back now now? is it related to the fed decision you think, to, to pay increase interest rate? why do you really signed a lot of these companies? you know, very low is exaggeration in prices, so companies that age and it was not long ago the apple. ready that we made a big companies retail, that's a huge capital vacation and there for the stock price is going up right. massive in the number the companies where, you know, they were taking in a couple $100.00 region not that long ago and suddenly thousands of dollars. i

think it is a big increase in and companies don't like stock city to to look too expensive. so, i mean, let's talk about facebook schools now. neil, i mean, the number of uses down why, why are people increasingly leaving facebook? is it about, you know, younger people not being, being interested in it or they other factors a place? yeah, i think people just the next day thing, i think the company brands that you know, was trying to appeal to the next big thing on the young people generally i think a local competition the state street. ready well, you, you, it talks about tech talk on the competition. so you can say a competition with netflix, there's a lot of things going on. well, what about facebook troubles?

i mean, you know, the use of private use, the data and accusations of facebook being a breeding ground or for hate speech. how, how did that affect you some numbers? yeah, i think i think people, i think the general general sense that facebook no longer necessarily to get people who might stick with a provision to other platforms or is it all together? did you just saturation point? google is 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, bye. tweeting me at 40 bye a. j. e. and do use ash like a j see to see when you do or drop us an email, counting the cost that al jazeera dot net is our address. there is more for you online at al jazeera dot com slash ctc. don't 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 call some fully back to bow from me and the whole team here in doha. thank you for watching. the news on al jazeera is next. ah no, right as a weapon of wars leaves the very deep discussing scores so rule that the victims, men and women combat talk about it a. the only witnesses who can help bring about justice al jazeera fall as human rights campaign is in libya investigation right? since the 2011 recognition libby unspeakable crime on al jazeera talk to al jessie. we ask, do you believe that the threat of an invasion of ukraine is currently the biggest threat international peace and security?

we listen, we are focusing so much on the humanitarian crisis that we forget the long term development we meet with global news makers. i'm talk about the stories that matter on al jazeera, ah, monitors and eastern ukraine record almost 2000 c spot violations on saturday. 2 ukrainian soldiers are killed and fighting with pro russians separatists. meanwhile, rushes president vladimir putin overseas strategic nuclear drills involving hypersonic ballistic missile. ah matheson, this is al jazeera alive from doha. also coming up.