John Batchelor discusses with Simon Constable and Jim McTague the extreme weather conditions caused by a "super El Niño" year, leading to devastating wildfires in Canada and Europe. Constable reports from France on the high heat and smoke impact near Bordeaux. The discussion shifts to surging energy prices, with Brent crude rising 26% and European gas up 36%. Despite high energy costs, rising copper prices suggest potential industrial growth. (1)
1870