Oil and Gas Prices Fall Again - The Key Issue Is Demand

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Pakistan plans to finalize a russian built gas pipe line. Oil traders fear that strict covet lockdowns in the world's largest crude oil importer will crimp the need for oil. Covet infections in china are at their highest level since the pandemic began two years ago. Meanwhile, fears of lockdowns and potential economic fall out are causing volatility in shares listed on hong kong' hang sang index and china's c s i 300.

Oil prices fell and share indices in Hong Kong and China dropped amid investor jitters over potential lockdowns and their economic impact, German prosecutors have charged a key player in the Wirecard fraud scandal, the UK and EU have levelled new sanctions on Russian oligarchs.

Mentioned in this podcast:

EU and UK hit Roman Abramovich and other oligarchs with new sanctions

Pakistan presses ahead with Russian-built gas pipeline

China shares fall sharply on concerns over Covid outbreak and Ukraine war

Former Wirecard chief executive charged with fraud

War in Ukraine: free to read

The 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

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