8 min listen
Soaring oil prices put US shale in a bind
FromFT News Briefing
ratings:
Length:
8 minutes
Released:
Feb 16, 2022
Format:
Podcast episode
Description
US and European shares rallied on Tuesday after Russia said it had begun pulling back some troops, and former Google chief executive, Eric Schmidt, is creating a $125mn fund to address problems with artificial intelligence. Plus, the FT’s US energy editor, Derek Brower, explains that US shale companies are feeling pressured to produce less oil despite rising prices. Mentioned in this podcast:US stocks rise after Russia says some troops returning to baseOil’s climb towards $100 a barrel tempts US shale companies to shed restraintEric Schmidt creates $125mn fund for ‘hard problems’ in AI researchThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber 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 See acast.com/privacy for privacy and opt-out information.
Released:
Feb 16, 2022
Format:
Podcast episode
Titles in the series (100)
Wednesday, October 31: The US indicts 10 Chinese intelligence officers for espionage, the UK’s plans to let business leaders become diplomats and how Asia's new coal plants will knock global emissions targets off course. Plus, what we learnt from Facebook’s third-quarte... by FT News Briefing