for more, let's bring in oil and gas expertjaniv shah from rystad energy.d, most refineries continue to operate as normal however, some refineries had to cut some rates in preparation of the weekend with some power outages in the landfall having some refineries to to flare some refineries to to flare some units and some refineries which of underlying but not much else. presses have been edging up for the past month from the perspective but that is mostly due to the rebound strongly associated with this happening and demand and on the front in the us but also aided by the hurricane risks and due to the anticipation of the negative effects on oil and refining infrastructure, this is causing dates to soften and rising around 87 on friday on the hurricane fears and three a barrel differential wti hasn't maintained with brands softening to $8,a85 range is low now. softening to $8,485 range is low now. ~ . �* , softening to $8,485 range is low now. ~ ., �* , ., low now. what's the main thing to understand _ low now. what's the main thing to understand about _ low

abhishek murali from rystad energy says the xiaomi car could appeal to ev buyers around the world.have said they would try to pace place that may place a price below 500,000. if we look at the features it is offering, there is a high level of autonomous driving rumoured but also an impressive long—range in the vehicle. the single charge is very good and if you combine that with fast charging abilities it makes for an attractive product. amazon is making its largest external investment in its three—decade history as it looks to gain an edge in the artificial intelligence race. the tech giant says it will spend another $2.75 billion backing anthropic, an ai startup based in san francisco. the companies announced an initial investment of over $1 billion last september. anthropic is widely viewed as a front—runner in generative ai. its chatbot claude is seen a competitor its chatbot claude is seen a competitor to 0penai's chatgpt. in many parts of spain, rental costs have risen steeply in recent years. in the island of ibiza, this phenomenon is largely driven by tourism. it has become

mukesh sandav, head of oil trading, rystad energy, describes what is at stake in the markets. at stake is that a lot of crude oil, up to four million barrels a day, moving from east to west, and that is bought by russia, by india, by china, that's at stake and that also stake is a lot of vessels which move towards europe. i would say all this, as we're talking about a sizeable number of barrels of crude and products will all of this get impacted or only a part of this will be impacted because what we have learnt is that the system finds alternate ways of re—routing and mechanisms and there are some alternate routs which has reflected in increasing freight rates. i believe that at this point of time, our view is that it's probably finding alternate ways of navigation and that simply means extra cost of doing business and as you are putting in your opening remarks about the inflation, this is certainly not helping that. to singapore and an alleged case of corruption. its transport minister has been charged in court. s iswaran has pleaded not guilty butjust handed in his resignat

mukesh sahdev is an oil market specialist at rystad energy, and he's warning that travellers will feelravel season. europeanjet european jet demand is around 1.1 million and we believe that by august, it could touch up to 1.7 million to meet demand. that is quite a significant jump that is quite a significant jump for europe and so far, how europe has been managing the onslaught of not getting the approval from onslaught of not getting the approvalfrom russia onslaught of not getting the approval from russia was the russian crew was probably getting refined in asia and other parts of the world and a lot was going for the area. with the red sea crisis, i think that is been curtailed in crude is flowing to europe less and particularly, iwould crude is flowing to europe less and particularly, i would say that europe is going to face a hard fight. that europe is going to face a hard fight-— hard fight. this will lead to increases _ hard fight. this will lead to increases in _ hard fight. this will lead to increases in prices - hard fight. this will lead to increases in prices in - hard fig

mukesh sahdev — head of oil trading at the research firm rystad energy — describes what is at stake inwhat is at stake as there is a lot of crude oil moving from east to west, right? and fat crude oil, i would say, is blocked by russia, crude oil by india, by china. that is at stake. the other thing that is also at stake is a lot of plates that move towards europe. so i would say all and all, we are talking about a sizeable number of barrels of crude and product. now, the question comes, will all of these barrows get impacted or on the part of these barrels get impacted? because what we have learned over a period of time as that the system finds alternate ways of these mechanisms, and certainly there are some alternate routes, which has reflected in increasing freight rates. so i believe at this point in time, our view is that that's probably will find alternate ways of navigation, and that simply means extra costs of doing business, and as you put in your opening remarks about the inflation, this is suddenly not helping them.— not helping them. yes, it can drive u- not helping them. y

drjorge leon, senior vice president of rystad energy and a former oil economist at bp. be really interesting this time because not only have we got the issues ijust mentioned, but also, we have a fairly new ceo in position stop give a reflection of how he is doing. give a reflection of how he is doinu. , , doing. indeed, yes. one thing that bp did — doing. indeed, yes. one thing that bp did mention _ doing. indeed, yes. one thing that bp did mention a - doing. indeed, yes. one thing that bp did mention a couple l doing. indeed, yes. one thing. that bp did mention a couple of weeks ago is that they should expect a slightly lower profit compared to the previous quarter, and that is quite important. last week we saw total results done by 6%, exxon has also signalled we should expect lower revenues this quarter. i will not be surprised it was a drop of five, 6% in results from bp today. five, 6% in results from bp toda . ~ . , , five, 696 in results from bp toda . ~ . , , ., five, 696 in results from bp toda. ., today. which sends a shiver down many. _ today. which sends a