Victoria Craig
speaker
1,335 appearances
27 recordings
2 series
first heard May 2025
last heard 31 Aug
Victoria Craig’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 24 in all, peaking in Aug 2026 with 11.
Appearances
Plus, we take you inside a Haitian community where tens of thousands are facing deportation after the US revoked their protected status.
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I'm Victoria Craig, and here's the news you need to start your day.
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Global crude oil prices have been well off their wartime highs, so you might expect prices to also come down for refined products that are made from crude.
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But that has not been the case.
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Diesel and petrol are trading close to record premiums over crude oil.
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For example, diesel currently costs $70 a barrel more than crude, and that is much higher than the usual $20 premium.
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Joining me now to discuss why fuel prices are staying high even as crude falls is Verity Ratcliffe.
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She's the FT's energy correspondent.
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Hi, Verity.
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Hi.
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So walk me through this.
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Why are the premiums so high?
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What's going on?
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So this is all down to refining capacity around the world specifically, right?
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How are these refinery operators responding to this situation?
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You bring up the U.S., which has really sort of swooped in to provide that crude supply to these refineries.
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Could we see more of that if the war continues?
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Could we see a bigger reliance on American product?
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Globally, what needs to happen in order for prices to stabilize long term?
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Since at the moment, it seems, as you said, there's just a focus on a minute by minute sort of demand for the kind of fuel that the world needs.
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Showing 401–420 of 1,335 · page 21 of 67
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