Javier Blas

Javier Blas is the chief energy correspondent at Bloomberg News, and the co-author of The World For Sale: Money, Power, and the Traders Who Barter the Earth's Resources (Random House Business).

Thursday

Javier Blas

Border farce

From our UK edition

42 min listen

In this week’s episode: is the UK dragging its feet when it comes to Ukrainian refugees?For this week’s cover piece, Kate Andrews and Max Jeffery report from Calais, where they have been talking with Ukrainian refugees hoping to make it to Britain. Kate joins the podcast along with former MEP Patrick O’Flynn to discuss the UK’s handling of the refugee crisis. (00:48)Also this week: are commodity traders finding a moral compass?In the wake of colossal sanctions on Russia are commodity traders feeling pressured to look more critically at the people they buy from? In this week’s issue, Javier Blas, Bloomberg’s commodities columnist and the co-author of The World for Sale, reveals what’s going on in the world of commodity trading.

Javier Blas

The commodity kings: have traders finally discovered a moral compass?

From our UK edition

Many people around the world were glued to their screens in horror on 4 March, as they watched Russian shells raining down on Ukrainian cities. On a trading floor in central London, the oil traders at Shell were also glued to their screens – but watching the price of Russian oil. It was becoming a lot cheaper than normal (Brent) oil, due to the understandable reluctance to support Putin. But then again, everyone has their price. The Shell traders watched, and waited, as every minute the price was lowered further– to a $23 a barrel discount, then a $24 discount, then a $25 discount. Finally, at around 4 p.m., the traders could no longer resist. They agreed to buy the Russian oil at $28.50 below the world oil price (then just over $118).

Saturday

Javier Blas

Will the energy crisis ruin Christmas?

From our UK edition

17 min listen

As the temperature starts to fall, the question for the global economy is: how long will energy prices remain high? Industrial production has already started to feel the energy-related price pressures. Many more suppliers are unlikely to make it through the winter. But with the governement divided over bailing out businesses, who should be absorbing all of the costs? James Forsyth is joined by Fraser Nelson and Javier Blas, chief energy correspondent at Bloomberg News as they discuss how this is just the beginning of the energy crisis.