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A warning on global oil supply

The International Energy Agency cautions the Ukraine war is likely to disrupt oil supply.

The International Energy Agency cautions the Ukraine war is likely to disrupt oil supply. Britain's prime minister Boris Johnson is in the Gulf this week, asking the UAE and Saudi Arabia to pump more oil in a bid to keep prices lower. Matthew Martin is Bloomberg's bureau chief in Riyadh, and tells us how the request is likely to be received. Also in the programme, the US is looking to potentially tap into Venezuela's oil reserves to plug a global shortage, despite enmity between the two countries. Antero Alvarado is an energy consultant in Caracas, and tells us about the current state of his country's oil industry. And we hear from the president of Lithuania, Gitanas Nauseda, who says his country is ready to block imports of Russian gas, despite the potential problems such a move could involve. Plus, the 主播大秀's Ed Butler asks what will happen next to Chelsea Football Club, after British government sanctions against its owner Roman Abramovich curtailed the club's income.

Today's edition is presented by Mike Johnson, and produced by Nisha Patel and Russell Newlove.

(Picture: Boris Johnson arrives in Riyadh. Picture credit: Getty Images.)

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27 minutes

Broadcast

  • Wed 16 Mar 2022 15:32GMT