Money Talks

Crude benchmark Brent hits three-year high amid supply crunch | Money Talks

Oil prices have risen to a three-year high as producers struggle to meet demand from major economies emerging from the pandemic. The international benchmark Brent was up for the fifth consecutive day and is near 80 dollars a barrel. That's because crude exporters have been too slow to increase production. The cost of coal and natural gas has also been soaring. Demand is growing as governments ease pandemic-era restrictions, and as Asia, Europe, and the US head into winter. To cope, some cities in China have asked residents to stop using appliances like water heaters and microwaves during peak hours. In the UK, oil distributors like BP say they've had to close down some petrol stations because their tanks have run dry. Our presenter Paolo Montecillo spoke to Naeem Aslam. He's the chief market analyst at AvaTrade in London.

Oil spill tars Brazil's coastline

Oil spill tars Brazil's coastline

Turkey Olive Harvest: Turkey is the world's fifth largest producer of olive oil

Turkey Olive Harvest: Turkey is the world's fifth largest producer of olive oil

Oil prices rise over Iran-UK standoff | Money Talks

Oil prices rise over Iran-UK standoff | Money Talks

Has coronavirus started a war over oil prices?

Has coronavirus started a war over oil prices?

Biz in 60: Bitcoin boom, Argentina price freeze, Facebook name change | Money Talks

Biz in 60: Bitcoin boom, Argentina price freeze, Facebook name change | Money Talks

Netflix customer base, profits grow with help from 'Squid Game' | Money Talks

Netflix customer base, profits grow with help from 'Squid Game' | Money Talks

US private jet industry sees soaring demand amid pandemic | Money Talks

US private jet industry sees soaring demand amid pandemic | Money Talks

Global foreign investments reach $852B in first half of 2021 | Money Talks

Global foreign investments reach $852B in first half of 2021 | Money Talks

UK announces deals worth $13.4B in renewable energy projects | Money Talks

UK announces deals worth $13.4B in renewable energy projects | Money Talks

President Erdogan visits Angola, Togo, Nigeria to boost ties | Money Talks

President Erdogan visits Angola, Togo, Nigeria to boost ties | Money Talks

Biz in 60: Cloud competition, Greater Bay takes off, Amazonian hiring spree

Biz in 60: Cloud competition, Greater Bay takes off, Amazonian hiring spree

Biz in 60: Bitcoin boom, Pakistan rupee reels, Foxconn's electric dreams

Biz in 60: Bitcoin boom, Pakistan rupee reels, Foxconn's electric dreams

China's economic growth slows to 4.9% in the third quarter | Money Talks

China's economic growth slows to 4.9% in the third quarter | Money Talks

Partially shredded Banksy painting sells for record $25.4M | Money Talks

Partially shredded Banksy painting sells for record $25.4M | Money Talks

'Squid Game' breaks Netflix record and sparks business boom | Money Talks

'Squid Game' breaks Netflix record and sparks business boom | Money Talks

Turkish biotech start-up creates lenses to detect glaucoma | Money Talks

Turkish biotech start-up creates lenses to detect glaucoma | Money Talks

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