3.8 • 950 Ratings
🗓️ 29 March 2022
⏱️ 9 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis. |
0:05.0 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
0:10.0 | Good morning. Today is Tuesday, March 29th, and I'm your host, Rina Schirbel. Our top stories today. |
0:15.9 | G7 rejects Putin demand, BP and Uber partner, and Shopify's unusual price spike under investigation. |
0:24.2 | Leading today's news, G7 energy ministers |
0:27.4 | have rejected Vladimir Putin's demand that Russia natural gas |
0:30.6 | should be paid for in rubles, |
0:32.2 | saying it would be a clear and unilateral violation of existing |
0:35.4 | contracts. |
0:36.4 | The stance raises the possibility of energy supplies being cut off to Europe, which currently |
0:41.3 | imports 40% of its gas needs from Russia. |
0:44.6 | Germany's economics and energy ministers said that G7 countries were prepared for all |
0:49.4 | scenarios, including a potential halt of Russian supplies. |
0:53.0 | Russia will always be a part of OPEC Plus |
0:56.0 | despite the country's invasion of Ukraine, |
0:58.0 | the Energy and Infrastructure Minister of United Arab Emirates declared |
1:03.0 | saying that politics should not distract from the group's efforts to manage |
1:06.8 | energy markets. |
1:07.8 | Who can replace Russia today? |
1:09.8 | He said, I cannot think of a country that can in a year two three four or even ten years replace |
1:15.9 | 10 million barrels. It's not realistic. This talk is only going to push prices higher. |
1:21.3 | A breakthrough in Russia-Ukraine peace talks does not look |
... |
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