Can Boeing’s move towards the Pentagon solve its problems?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 23 May 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers, the former head of Russia’s second-biggest oil group has warned that an EU ban on Moscow’s crude would be “the most negative scenario” for all parties. Plus, the FT’s Peggy Hollinger discusses Boeing’s decision to move its headquarters to be near the Pentagon and DC and why many stakeholders are unhappy.
Mentioned in this podcast:
Boeing needs a stronger vision to bounce back from crisis
Saudi Arabia signals support for Russia’s role in Opec+
Lukoil’s ex-chief warns against EU ban on ‘irreplaceable’ Russian oil
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.7 | Good morning from the Financial Times. |
| 0:11.3 | Today is Monday, May 23. |
| 0:13.1 | And this is your FT News Briefing. |
| 0:18.4 | Our correspondent snagged a rare interview with a leader in the Russian oil industry. |
| 0:22.7 | We'll hear some highlights. |
| 0:24.0 | And the U.S. aircraft icon Boeing is moving its headquarters to DC. |
| 0:28.4 | We'll talk about what the move says about the company's direction. |
| 0:31.7 | It tells you that they're shifting the focus towards loving the government. |
| 0:36.5 | At a time when really they're facing fundamentally an almost existential crisis |
| 0:41.6 | in the commercial part of their business. |
| 0:44.0 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:53.1 | Saudi Arabia may be a long time U.S. ally, but right now it's standing by its fellow oil |
| 0:57.9 | producer Russia. |
| 0:59.2 | This comes as Western nations and allies are increasing financial pressure on Moscow to stop |
| 1:04.3 | its war on Ukraine. Saudi Arabia's energy minister to the FT that Riyadh was hoping to work |
| 1:09.7 | out an agreement with OPEC+, which includes Russia, and he insisted the world should appreciate |
| 1:15.2 | the value of the oil alliance. Riyadh has been resisting Western pressure to raise crude output |
| 1:20.5 | to help bring down oil prices. OPEC's output quotas set to expire in three months, |
| 1:25.7 | and a new production deal is in the works. |
| 1:33.6 | The head of Russian oil group Luke Oil was one of the few Russian executives to call for an |
... |
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