between april and june this year, bp made nearly £7 billion in profit.id even better with a profit of £91; billion injust three months. that's more than a £100 million a day. the biggest winners in these crises are the oil and gas producers. no question about that. any big energy price crisis results in a massive transfer from the consumers to the producers of those fossil fuels. by and large you are talking about the big companies getting a lot richer on the back of people who have to pay for the energy they need. and it's kind of as simple as that at one level. over the past year, bp has returned almost £10 billion to shareholders in dividends and share buy—backs. its boss has described the company as a cash machine. today we have high oil prices and a few things happen when the price of oil is high. number one, we do make more profits, as you have seen this morning — that we can use to reward our shareholders. and shell has returned £15 billion to shareholders in the last year. 0n the back of robust operational performance, our strategy is delivering

bp, who is the leak a contractor here, does not declare the emissions.er does the operator which they jointly founded. bp's global in missions from gas flaring in 2021 were formally fish formerly giving tons of co2. bbc news arabic and the bbc climate and data teams investigated how many more sites there were globally where neither the oil company nor the official operator were declaring the emissions. using satellite data, we found dozens of sites globally, where flaring emissions are not being reported. this amounted to almost 20 million tons of carbon dioxide. that is as much as 4 million cars would produce in a year. in response to our findings, the oil companies that they followed the standard approach taken across the industry. in addition, shell and ne say they include all of their flaring in their official omissions report, but do not report flaring separately. and they have not committed to reduce that flaring. there are a range of solutions to tackle gas flaring. the first and most obvious is to capture the gas and put it into a nearby gas pipe

bp, the lead contractor here, doesn't declare the omissions.llion tonnes of c02. but if rumaila were included, it would be doubled. bbc news arabic and the bbc climate and data teams investigated how many more sites there were globally when neither the oil company nor the official operator were declaring the emissions. using satellite data, we found dozens of sites globally belonging to the five major oil companies, where flaring emissions are not being reported. this amounted to almost 20 million tonnes of carbon dioxide — that's as much as a million cars would produce in a year. in response to our findings, the oil companies said they followed the standard approach to take it across the industry. in addition, shell and any said they do include all of their flaring in addition, shell and eni said they do include all of their flaring in their official emissions reports, but don't report flaring where they're not the operator, and they've not committed to producing that flaring. there are a range of solutions to tackle gas flaring. the first and

bp would cancel if there was a windfall tax, _ bp would cancel if there was a windfall tax, the _ bpat first inspection. this lays— falls apart at first inspection. this lays bare _ falls apart at first inspection. this lays bare that _ falls apart at first inspection. this lays bare that she - falls apart at first inspection. this lays bare that she is - falls apart at first inspection. i this lays bare that she is simply driven— this lays bare that she is simply driven by— this lays bare that she is simply driven by dogma, _ this lays bare that she is simply driven by dogma, and _ this lays bare that she is simply driven by dogma, and it- this lays bare that she is simply driven by dogma, and it is- this lays bare that she is simply. driven by dogma, and it is working people _ driven by dogma, and it is working people that — driven by dogma, and it is working people that will _ driven by dogma, and it is working people that will pay _ driven by dogma, and it is working people that will pay for _ driven by dogma, and it is working people that will pay for that - driven by dogma, and

bp, comedy contractor here, does not declare the emissions.nded. bp's level emissions from gas flaring and 2021 were 4 million tons of co2 stop if rumaila were included in b—double. bbc news arabic and the bbc climate and data teams investigated how many more sites they were globally when either the oil company nor official operator were declaring the emissions. using satellite data, we found dozens of sites globally belonging to the five major oil companies where flaring emissions are not being reported. this amounted to almost 20 million tons of, that's as much as 4 million cars would produce in a year. in response to our findings, the oil company said they followed the standard approach to take it across the industry. in addition, shell and to take it across the industry. in addition, shelland eni to take it across the industry. in addition, shell and eni said they include all of their flaring in their official reports but the report flaring separately whether not in the operator. and they are not committed to producing their flaring. there

bp, the lead contractor here, doesn't declare the emissions. admissions from gas flaring in 2021 were four million tons of c02. but if rumaila were included, it would be double. bbc news arabic and the bbc climate and data teams investigated how many more sites there were globally where neither the oil company nor the official operator were declaring the emissions. using satellite data, we found dozens of sites globally belonging to the five major oil companies, where flaring emissions are not being reported. this amounted to almost 20 million tons of carbon dioxide — that's as much as four million cars would produce in a year. in response to our findings, the oil companies said they followed the standard approach to take it across the industry. in addition, shelland eni said they do include all of theirflaring in their official emissions reports, but don't report flaring separately where they're not the operator, and they've not committed to producing that flaring. there are a range of solutions to tackle gas flaring. the first and most obviou

iraq has many large oilfields where western companies such as bp and shell operate.raq. for health reasons, iraqi law prevents flaring within ten km of people's homes. but if we zoom into the oil field of rumaila, where bp is the main contractor, there are homes within 3km of the burning gas. bbc arabic�*s hanan razek has the story. in southern iraq, the air is being poisoned. these flames come from gas that is burnt off as oil is extracted, producing dangerous chemicals. it is illegal for this flaring to happen so close to people's homes. translation: my name is ali. i have leukaemia. i live in rumaila, next to the british oil company bp. look at all the smoke and gases. they are all coming to our neighbourhood. like ali, 13—year—old fatima also has leukaemia. she lives less than three kilometres away from an oilfield run by a different company. translation: i'm notj able to walk any more. i can't use my legs. i have to have one more of these and then they'll give me blood. her doctor says that her chemo isn't enough and she needs a bone marrow transplant. no data h

i have leukaemia. _ i live in rumaila, next to the british oil company bp.our neighbourhood. like ali, 13—year—old fatima also has leukaemia. she lives less than three kilometres away from an oil field run by a different company. translation: i'm noti able to walk any more. i can't use my legs. i have to have one more of these, and then they'll give me blood. her doctor says that her chemo isn't enough, and she needs a bone—marrow transplant. no data has been published about air pollution from gas flares, but a leaked government report blames air pollution for a 20% rise in cancer between 2015 and 2018 in basra. after multiple requests to film in rumaila were denied, our team decided to go in without a permit. we also asked an environmental scientists to run tests so that communities in oil fields across southern iraq would know what pollution levels they were being exposed to. our two—week study indicated high levels of the harmful chemical benzene in the air — above the national legal limit in some places. urine samples showed high levels of cancer—linked

bp's ev charging business known as bp pulse, will install thousands of chargers at hertz rental car sitesz up 3.7% now and do they need the charging stations. they've announced deals to purchase a total of up to 340,000evs from tesla, general motors and pole star by 2027. they need those charging stations. dr. pepper losing its fizz after goldman sachs cut from a neutral to buy and chopped its price target by $2 to $37. we're already below that at $36.06. they expect kuerig's pack anled beverage business and growth to slow. increased risk to margins due to higher coffee prices. ride sharing stocks, lyft and uber trading higher. we've got lyft up 3.9%. uber up 2.6, 2.7%. of course uber has uber eats so it's the rival to door dash and door dash plans to launch its first ever co-branded credit card in partnership with jp morgan chase. this mastercard will act as the exclusive payments network for the door dash rewards mastercard. door dash up about half a percent on that jp morgan and down 1% and mastercard down 1.25%. speaking of door dash, the food delivery company played a huge role, you

avibrates [sighs] [cell one ringg] [ringingtops] [cell one ringing] [ringing connues] [door shuts] [bp] [video pying] [doorattling [pnding] ambe eeh! ah ha ha! woman: i wonder where you went because it's been quite a while. i travel down the road trying to find a way to smile, looking at the corful rowomes and cloudy sky, wishing my heart wasn't as gray and diled, wishing i knew who you were so i could say go-bye, ani woer ifhe persowalking wn the street did the crime, or maybe the women in the row home smoking into the starry sky. could she be the one to have done this heinous crime? did you breain with bat oraybe ur fists? did you even take timeo consider the risk? did the glass shatter all over you or just car flo? it makes me wonder have you done th before? who was it that stole all i had? was it a man who had fallen on rough times? was it a woman who just needed anher me? was a secury guard working an inside crime or a businessman who worked a 9 to 5 but didn't have enough money to pay his bills on time so he just had to dthe crim becauseur wagenowadaysre outraous from inflation a

a tug-of-war between fed policymakers some are not seeing eye to eye >> chevron and bp are cutting offil production in the gulf of mexico as hurricane ian heads to florida's gulf coast. after a busy 2021, you know this tech ipo activity has barely done anything. we will take a closer look at that drought good >> good. >> happy with that >> the dow and the s&p trying to bounce back from their lowest lows in two years. fed's evans says he's getting a little nervous about going too far, raising rates too quickly >> you stick to the line that recession can be avoided here. even though there are a lot of people that are worrying that monetary policy comes with a lag. you are not waiting or pausing to see what the impact of the moves have been taken already. >> or there logs in monetary policy we have moved expeditiously. we have done three 75-basis points increases in a row. there is talk about get to go 4, 4.25 by the end of the year. you are not waiting much time for each monthly release >> now leading the pack and the dots pretty much thing would be restrictive enough at the peak >> the

jack: we still don't know the full effect of the bp oil spill of 2010. in the median area of louisiana and texas, it was devastating to many environments. it showed up as far west as at the shores of the florida coast. but, one thing i have to point out. when we think about offshore oil drilling, we typically focus on the oil derricks over water. where the greatest damage comes from is the infrastructure on shore. all of the oil has to be taken from the gulf of mexico and moved on shore to the refineries. that's where you see the majority of the spells, the classics bills -- the spills, the classics bills, the runoff and pollution associated with any industrial site. peter: your subtitle the making of an american sea. what was the point of that? jack: the u.s. shares gulf coastline with both mexico and cuba. almost through the exact mile. the u.s. coastline is 50% of the total gulf coastline. we really dominate the sea, politically, but also, economically, industrially. i chose that subtitle because the gulf of mexico rarely appears in history textbooks.

. >>> let's check on the top stories with pippa stephens >> bp and chevron announcing shutting production at the oil plat p forms in the gulf of mexico the category 2 storm which is expected to intensify in the coming days is the first to disrupt oil and gas in the gulf. obje obje . >>> and now a wave of protesters at the san francisco international airport launching an open-ended strike yesterday over staffing levels and wages flight attendants are expected to democrat straight at 21 airports around the u.s. as well as in london today to draw attention to workplace problems made worse by under staffing neither of the strikes are expected to disrupt air travel, but there is a latest sign of upheaval in the transportation sector. >>> and charles evans defending the string of rate hikes speaking with colleagues in europe, evans is looking out for another 75 or full 1 point rate hike >> i think we have been very clear in our communications and i'm a strong proponent of the communications and projections and indicate where we think the path should go to justify our projections. the timing of

a 50 bps cut 25 bps cut and keep the rate. uh, in regards to hmm declining yearly inflation figures. uh, even below the target it's mostly due to the base effect, and we have an increased pace. e price increases were from march to april, so it's here, maybe just in time for the spring months. uh, these are the lowest rates of the annual rate, but i will emphasize this is an arithmetic effect, because we expect that , after all, the current uh, rates will increase. i have a few questions, and the first one is about the signal. here did you remove the signals of the statement today, does this mean that, uh, you will not publish it at all now, and the second question concerns the budget, and you mentioned the budget and budget expenditures, but according to your assessment, how much should the budget deficit grow this year and in next year, so that the central bank begins to tighten monetary policy and the third question. a probably concerns you, but should we expect that, maybe you will be again this year or early next year we h

i want my beloved russia yesterday i was going to 10:00, but then the same bps began to go out, so today decided to go early prayerfully and selectively there. five-year-old varya does not know what it is. peaceful life was born in donetsk, they never left here. margarita says she casts her vote for the future of her daughter all the years. here we are with the child together, we are waiting, we are afraid and we are waiting. when we are together with russia happiness. i want a peaceful sky. yes , she also knows that russia will be with us, that everything will be fine, the ukrainian nationalities of the cities in the donetsk people's republic have only intensified unnecessarily. fragile women try not to leave the house, and they form the basis district commissions. under shelling, they walk house after house without exaggeration, risking their lives so that people can vote. you owe him duties. i should be on the territory of the polling station itself, but two commissions came under fire and people come to their senses, and on the other hand, voters want to vote. well, that's why i left

bp is halting production and evacuating staff in the u.s.ulf of mexico as hurricane ian barrels down we're watching the situation closely and we'll continue to keep you updated as we learn more >> pippa, thank you for that we are watching that development very closely. >>> as for the markets, dow down 288 or so. s&p down 30. atlanta fed president on the tape today with a message to investors. we'll tell you if the fed can generate a soft landing. >>> check out some of today's top search tickers on cnbc.com ten-year yield is on top, followed by the two, the s&p, the dow and the pound. we'll be right back. >>> take a look at today's stealth mover. it's leslie's. the swimming pool supplies retailer will join the s&p 600 this week. it will replace gcp which is being acquired in a deal the stock had been sinking and it's still down around 40% on the year >>> coming up, the nasdaq 100 is now down more than 30% on the year but our next guest says the bear market has created some great deals. we'll get to the tech volatility playbook after this shor

we think this, 75 bps rate hike is priced in. fall from there. we're expecting counter fed trade to fall s&p, commodities. we think every rally will be sold in this market until every nation come downs especially as supply side inflation worsens. charles: meanwhile the bond market going crazy. bond yields. tlt you you say stay short it of looking shorter. i know you're looking at this as a trade but could it go even lower? how much dank remember bonds right now? >> absolutely. we'll see the fed continue to raise into at least q2 next year until we see any sort of relief. we think we'll see some deflation before this market bottoms out. so deflation, you have high inflation, right now you're going into deflation. you have the fed, hawkish as they ever been. we don't see the long bond trade a good trade for another few months at least. charles: one of the areas looking intriguing for a lot of people is the oil area, particularly the oil stocks. obviously we've comb down a lot. we're at the big real potential inflection point. you'r

shell and bp did not pay tax for multiple years.the operations, they were being paid more money than they were paying. kind of riculous. [indiscernible] amy: shell announced it was scrapping plans for combo in december 2021. you were one of the leaders of the protest. i was wondering if you could explain what that is, but today's headlight on the website energy voice says "government fast-track five north state villa gas fields, including cambo." >> basically, that was last year we found out the cambo oil field -- it was a general misor is i joe norma's oilfield -- join norma's oilfield. [indiscernible] not just myself but a wonderful pele came together. [indiscernible] creams the word for shell and now try to push even more oil and gas bills through. it wa [indiscernible] that is why a coalition of groups have bn ting to ce together and take it fm every angle and show we cannohave any more fossil fuels. amy: but it is truly amazing. one of the most powerful oil fields but companies in the world, shall. do you feel it was your prote

mobile a chevron shell bp any and a number of other companies.ompany's gas business is actively developing production. in the first half of the year, the share of gas in the total hydrocarbon production of rosneft increased by 9.2%, reaching 23% to the strategic goal of 25% very little. rosneft is building up universities in the implementation of the flagship project, vostok-oil in july, a new stage in the development of the payakhsky cluster of the field was launched. operation has begun. e drilling using unique complexes built at russian machine-building plants specifically for working in the most difficult conditions of the far north in the course of geologist-star work, rosneft confirmed a significant increase in the project's oil reserves to 6.5 billion tons. this is indeed the world's largest project with colossal reserves, that is, vostokuri reserves are now estimated at more than 6 billion tons for understanding. as far as it goes, the proven reserves in the united states are just over 8 billion tons. here, one project is quite comparable

the regulator added that a total of 12 oil and gas platforms have been evacuated, including by bp and chevron. bp said this afternoon that the storm no longer poses a significant threat to its assets in the gulf and it's working to redeploy its offshore personnel. once the storm makes landfall in the u.s., this is quickly going to turn into a demand/destruction story florida is a big consumer, so while gasoline futures are up about 4.50% today, he does not anticipate those gains holding >> pippa, thank you. pippa stevens. >>> the s&p 500 now trading at levels not seen since november of 2020 after the latest round of selling chart expert chris verrone with the levels you should be playing right after this break think he's posting about all that ancient roman coinage? no, he's seizing the moment with merrill. moving his money into his investment account in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor,

the eye, both infantry and artillery, yesterday 's reservists also comprehend the science of control, bpves priority to those who masterfully play the control complex of the same copter on consoles with a joystick, in many ways. aleksey prokin roman kulazhenkov and pavel kolesnik will need to be defended in a similar way, ntv television company min digita has launched a service on the public services portal that will allow a number of specialists to receive a deferment from conscription for partial mobilization. the form is available to employees in the field of it and communications, they need to fill out an application and attach to it two confirmation documents from work with the electronic signature of the ceo and a file that confirms the authenticity of the papers. these certificates can be obtained from the personnel department, when submitting an application, you also need to indicate personal data, information about military registration, including the title of the position and homoisoria, as well as detailed information about higher education and the employer. min numbers will s

caste eyes, both infantry and artillery, yesterday's reservists also comprehend the science of control, bppriority is given to those who masterfully play consoles with a joystick control complex of the same copter , in many ways similar will need to be protected. alexey brovkin roman kulazhenkov and pavel kolesnik, ntv broadcasting company the authorities of several countries are now studying data on gas leaks from two nord stream 2 pipelines, secretary of state. sasha antonin glinkin called the incident a sabotage, and the former foreign minister of poland on social networks thanked the united states for damaging the gas pipelines, foreign ministry spokeswoman maria zakharova asked if this was an official statement about the terrorist attack and the danish authorities are considering the version of the explosion. as noted by the prime minister of the kingdom the head of the european commission conditionally stressed that any deliberate violation of europe's energy infrastructure will lead to decisive reciprocal worlds on tuesday, nords, 3 maga reported unprecedented destruction on three s

they are unlikely to be able to resist the russians is trying to undermine the advantage of ukrainian bpsf supplies from iranian manufacturers. of course, those mykolaivites are on the armed forces of ukraine, first of all, it is bmw. the appearance of a new weightless uav a, are the snakes already panicking , will it fly to the ukrainian territories occupied by the russians in the east and south? its first flight with a ukrainian engine, it will be a new level, in fact, in the arena of unmanned systems of the aquinzhi project and an unmanned fighter jet, we cooperate very closely with ukraine, the berector has long ceased to be only a military drone, it

. >> and like mac will be bp deploys violence interrupters like control killings directly to crime scenes with the focus on preventing retaliation killings. he says the vp has been very busy responding to each of the 8 homicides over the past week. every last one and i want to say that there would be a lot more shootings and a lot more homicides. >> if there was not folks on the ground working. and so, for that's monday. there was the incident on 31st and telegram. that was the double. >> like 45 minutes after that incident, they have to go to east oakland to 20 a to the to the other female. you know, i mean, and so like even this weekend with multiple incidents where they're going from one incident to the next. >> it is important to reiterate that the department of violence prevention and macro are 2 separate, not police response programs and oakland haaziq menu. kron. 4 news in hayward. police arrested a man who they say is responsible for the deaths of a father and his son. >> police say they responded to a call about a fight at a home on london avenue. about 4.30, yesterday morning. a

republican pre-trial detention center an enterprise on the territory of the bp plant, a prosthetic plantng power supply in the lc. and the dpr is engaged in the russian grid, the contractor handed over this station a month ahead of schedule. on oktyabrskaya, new relay protection and automation equipment was installed, but the chief engineer managed to restart the heart of the entire power system. so electricity gets to the enterprise and in kindergartens in lugan-chan houses. now it will always be light eyes to eat normally. oktyabrskaya is also an example of the formation of the soviet energy system. the centennial anniversary will be celebrated here soon. one of the few operating substations built according to the famous glo state plan for the electrification of russia during the occupation. voroshilov-grad, the germans, realizing the importance of neutronizing a strategic object many decades later, tried to destroy it, the former compatriots used old equipment destroyed by shelling from the ukrainian side. even the hit was tangentially high-voltage elements. still they were out of ord

the head of bp has said that this is a cash machine for his company, but the cash machine fed by working people. our choice, the only choice, the labor choice is to put those profits to work. this party is always on the side of working people in times of crisis. [applause] the tories are not on the side of the nhs either. my mom worked in the nhs. my sister, my wife still works in the nhs. the [applause] and i know this will shock you, but the tourist are on the side of it in a just lining. -- my brother were in nhs and my sister works at the nhs and my wife still works at the inmate s -- nhs. but i can tell you how many lives i am worried about are at risk this winter. talking to those of my local hospital i said -- and they said, no, it is face down on the floor. and the pathetic response of the government last week left it there. the way to get it back to its feet is with a stronger nhs workers. that is the main area or to capacity -- barrier to capacity right now. to start, starting yesterday we will take home an extra 7000 able students every year. we will double the number of medic

western energy company to halt production in gulf of mexico due to hurricane yen staff plans to evacuate, bpcompany platforms will be closed daily, producing 380,000 bar or oil and 750 million cubic meters of gas, and partial production shutdowns also announced chevrons and obsidian crowds petrolium, now a tropical hurricane, is approaching cuba and will soon cover the gulf of wind speed. can reach 70 m/s. the chinese newspaper global times announced the inevitability of the collapse of european industry, the reasons for high energy prices and the situation in ukraine, while the united states will only profit from the problems of the eu, as most enterprises will rush to america, according to gazprom export the most difficult month for europe will be january, when foreigners consume the largest amount of gas, we are talking about volumes of a billion and 800 million cubic meters. daily inventory vaults are estimated by experts. can't suffice it was economic news briefly. such a low rate has never been a loan in alfa bank from 4.5% apply online and receive money today alfa bank is the best mob

add a comment or question in the chat if watching live on youtube or tweet @bpc_bipartisan or use #bp c live. let me start with a few questions and we will have a little discussion and perhaps we will get some questions from the audience in the meantime which we hope to take up. i would be remiss if i did not mention the r word, the recession. recently, the chief economist for the national home association of homebuilders stated monetary policy from the federal reserve which is tighter and persistently elevating construction costs have brought on a housing recession. i have read other things. it seems to be a story that we are in ace dish in a housing recession. do you agree? what is a housing recession and if there is one, how are things different today than they were back in 2007-2008? you can pick that up, jeff. >> it's a great question. it's an interesting term so i look at the definition of recession which is a broad, sustained downturn in economic activity. in some ways, that is happening within the housing sector. if your job is related to the volume of transactions that happen

at bp gas station and a woman shot one minute later on a nearby road. he documented the murders in video on facebook. kelly was arrested after wrecking the stolen getaway car at 9:28 p.m. this image captures his big smile in the cop car minutes after his arrest. we are learning more, court records show he was charged with first degree attempted murder in 2020, employment of a firearm and reckless endangerment with a reckless weapon. kelly was released on march 16th of this year after searching only 11 months. former police officer says this massacre would never have happened with a functions criminal justice system in place. >> such a depraved mind to shoot innocent people and want to broadcast it. this guy had charges, instead he gets a slap on the wrist, gets out of priz ong and goes on a murdering spree. bruk one day after the body of eliza fletcher was identified, suspect cleotha henderson is due back in court in just hours. he's facing first-degree murder charges and being held without bond. like kelly, henderson's criminal record began at age 11,

were talking about north of 300 bps today. 6.9684 for china, the onshore rate.till with us as the senior currency strategist at westpac. there is this talk about seven, but against the plastic -- basket, people say the renminbi is resilient. what is your take? >> a number like 70 will be in focus, and probably take some effort, and people would be looking to sell some dollars. it is not particular damage it number from my point of view. years ago, we were close to 7.20. the key is that the yuan strength was seen as overdone six months ago. and so, it has come back a bit, obviously, against the strong u.s. dollar, but as i say, and trade-weighted terms, it is still well off the past year, so there is concern about capital outflows. that is always the case with china. i think that's why you're seeing them trying to limit expectations of depreciation. big picture, i don't think they're losing much sleep about the currency. rishaad: is the rate reflective of more of an economic malaise in the country than what they have been given credit for and what the data shows?

bp and chevron have been evacuated personnel.mplementing emergency measures there could be some cost to all of this in the energy sector and when it comes to the safety of everybody, we hope everybody gets out >> first things first. then we'll deal. we have the spr. a few barrels left i hope thanks, andrew. >>> major indices finished in the red extending last week's slide. as the s&p 500 took out the june closing lows the futures are bouncing back at 200 above. in terms of the dow, it is better i think we were almost 300 higher first thing i saw bouncing all over. i don't know rates not crazy today. we will look at treasury yields. let's talk rates and markets with sherry paul at morgan stanley. and covering the fixed income is senior strategist at barclays. meghan, you are a rock star. it is all about you. normally talking about stocks and we would go to you second. we have to go to you first let's ask you the question just wondering if it is possible that the fed which stayed at the easy party too long and now go to the tight p

yen staff plans to evacuate according to bp will close the company's two platforms daily, producing 380,000l and 750 million cubic meters of gas, while chevrons and accidental petroleum also announced a partial stop in production. now a tropical hurricane. approaching the cube and soon the wind speed will cover the bay. can reach 70 m/s. chinese newspaper global time said the collapse is inevitable european industry is the reason for high energy prices and the conflict around ukraine, while the united states will only profit from the problems of the eu, as most enterprises will rush to america, according to gazprom, the most difficult month for europe will be january, when it is consumed, and they will use the largest amount of gas speech we are talking about volumes of one billion 800 million cubic meters daily, storage reserves, according to experts, may not be enough. the british pound may fall in price below the dollar and the euro expressed such an opinion, former us treasury secretary lawrence summers the fact is that the country is now actively reducing taxes to stimulate economic gr

if i held here in london michelle or bp, mia buyer or seller?i think the best way to play this is through the equities. what we are seeing is the back of the curve. it's all over the place but continues to rise. it only gets better. are the proxies for more cash flow coming in from a higher back end. and more jewels. i think as investors and try to form a sort of hybrid mandate over esg. prices looking at this sector as a rate of change. and in that scenario this sector gives investors who traditionally had a strong -- because they are growing energy. it's a great investment case that wouldn't have been the case 12 or 15 months ago. sonali: we were talking about geopolitical issues and pricing dynamic but the reality is to the extent you see that march past $100 a barrel, then wouldn't that he equates to a lot of demand pressure as well? at what point does the recession become a deflationary force for the energy industry? christyan: we tend to think about demand destruction. that's been hyped a lot. we are in discovery, we don't know what price

can you talk to us about why did he dump rockefeller in bp and 76? tough decision. ford made principled decisions. but he could also make political decisions. decisions cap political calculus behind them. that was one of them. he wrote himself out, he wished he had stood up to the right wing of the republican party and said no it's going to be ford, rockefeller and you need to accept that. but, he and rockefeller had a meeting in the oval office discussing the obvious problem the polls revealed. that with rockefeller there's a good chance ford is going to lose the primaries. rockefeller said look if you want my resignation comes forward remember the conversation, rockefeller said if you want mine resignation they should you'll have it. and ford said it would be easier if i had it. and so rockefeller bowed out of the tickets. it's interesting that as the convention moved to kansas city a product, reagan's a big stumble was over the vice presidency as well when he selected schweikert. and made that announcement before the convention began. and that was his undoing. >>

. >>> nine days after hurricane fiona hit puerto rico hundreds still without power and a bp ship that relief to the island is blocked from docking because of a technicality in a world war i shipping law called the jones act. mj lee with us. why is the biden administration not giving a waiver to allow the boat to dock to provide the diesel for those that need it? re >> reporter: it comes down to the jones act that is a shipping law that basically says all goods transported have to be carried on ships that were made and owned and operated by americans and at the white house press briefing the fema director and press secretary asked and they said they have to look at every waiver request individually including for this one and they need to see whether there's the proper legal authority to do so so we don't know what the timeline is going to be and they did also say that the ultimate decision would come from the dhs secretary, jake. >> what are people from puerto rico saying? >> reporter: they need help and that time is of the essence. the puerto rico governor said that he is personally a

bp is joining up with another company to purchase -- make electric vehicles -- electric vehicle chargersss the country. hertz says they hope 25% of their electric -- of their fleet will be electric by 2025. a plane departing from moses lake, washington, yesterday morning with eight minutes of flight time. the goal is to show how viable electric lanes can be as an aircraft. the plane is designed to transport nine passengers and pilots. this will be the first all electric commercial airplane if the faa certifies it to carry passengers. that's cool. palo alto is about to get two new high-end restaurants according to hood line. sushi roku and a new steakhouse coming next year. they said sushi roku combines the finest fish with the artistry and technique of a seductive interior and bella has dry aged prime steaks. opening at stanford shopping center, boa not announcing yet where it's going to be but cool. reggie: maybe that will be a plus -- a place for us to cheer damon louis who after 50 years with abc7news, legendary reporter retiring. kumasi: david shared memories of his career during an

chevron and bp have evacuated operations in the oil and natural gas fields. ian is not expected to affect national gas and oil. there could be localized gas supply issues caused by the storm. now we're just a few hours away from the opening bell on wall street. here's how u.s. futures are looking. you see it there. unfortunately a down picture as investors still grapple with the threat of recession and higher interest rates. stocks finished mixed tuesday. the dow and s&p dipped 500. the s&p 500 dipped. you see it there, modest losses. the nasdaq creeped upwards a quarter of 1%. in terms of what we can expect that was, in fact, its first gain in about a week. the dow and s&p 500 are now at their lowest levels since november of 2020 and both are on a six-day losing streak. now americans are struggling to keep up with that crushing inflation. according to a new survey, 71% of employees say their cost of living outpaces their salary. that's up from 58% just february. cnn's matt egan has our details. >> paula, the cost of living is just way too high. food, shelter

reminder, we encourage you to submit russians via live stream the # live and engage with twitter handle at bp underscore bipartisan. let's get right to it. the commissioner, former commissioner alluded to this and i did as well throughout the course of our research, one of the primary areas was the fact that the irs has been up for a number of years and we need new funding. the inflation protection act passed last month provides 80 billion in funding to address long-standing concerns over tax enforcement and customer service and information technology is the commissioner remarked. now that we have policymakers focused on these services i was hoping you could speak to the funding and from your perspective the levers of government, where their resources should be directed in these administration's. maybe andy we can start with you and then the remainder of our panelists. >> thank you so much my fellow panelists commissioner for joining today and all the work that went into this, it's a fantastic product. i think some others, all the others talk more, i'll speak more tax and demonstration if you

bp down 2% shell down 1.7%. eni and engie down 2% and 1% opec agreed to cut oil joutput from 100,000 barrels per month this as they seek though boost brent crude and wti with stable trade. wti up 2.2%. let's get out to dan who joins us with more on the opec plus decision dan, it wasn't long ago that president biden made his way to the middle east asking for more oil to come to the market from the likes of saudi and the opec plus community what does this symbolic move to cut supplies rather than hike say about the allegiance within the party or within the group? >> really political, julianna. it has been more than two years it has cut production. this represents a pivot in policy for the group saudi energy minister aziz flagged a cut could be coming. markets were caught how soon this came. opec moved to increase production following the president biden visit to saudi arabia now producers are rolling that back what is important to understand it will not have a material impact on the market equal to 0.1% of global

cheryl: an update as we continue to watch hurricane ian, bp has just confirmed it has temporarily shutown production at two offshore oil platform in the good enough of mexico. forecasts have indicated hurricane ian will strengthen and move across the gulf in the next few days and robert from fox weather told us just a few moments ago, it's a good, good chance that that storm kicks west. that's towards the gulf and that's towards these oil platforms. also this fox business alert for you right now, we are continuing to watch our markets and as you can see, the dow is down 254 points and the dow is in bear territory. s&p, this is interesting, 3,666 would be the new low and anything underneath that a new low. we're at 3668 and change. nasdaq is down as well. apple is among the handful of dow gainers and today the company saying it will manufacture its latest iphone 14 in india and moving some production away from china that's struggling under strict covid lockdowns. analysts say they expect apple to move about 5% of the latest iphone's production to india. shares of casino operators are mo

the chief executive of bp, one of— happened. the chief executive of bp, one of the _ happened.nths ahead. this is clearly not an ideal set of circumstances. we are dealing with effectively — circumstances. we are dealing with effectively and energy wall being forced _ effectively and energy wall being forced upon us. we need to protect households— forced upon us. we need to protect households and businesses and the solution _ households and businesses and the solution of— households and businesses and the solution of the prime minister that is being _ solution of the prime minister that is being set out is the best way and this is— is being set out is the best way and this is why— is being set out is the best way and this is why it— is being set out is the best way and this is why it is acknowledged in an imperfect— this is why it is acknowledged in an imperfect world in providing clarity and certainty about the cost of energy— and certainty about the cost of energy which will allow us to avoid what has _ energy which will allow us to avoid what has otherwise been a very iterat