{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/73fe3ede-5c5c-4850-96a8-30db8dbae8bf/6a8777c8d6b6da939202a566?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Why the energy crisis won’t save western oil refineries","description":"<p>Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an investor frenzy for Chinese technology stocks, and a Chinese court has sentenced Evergrande founder Hui Ka Yan to life in prison.</p><p><br></p><p><strong>Mentioned in this podcast:</strong></p><p><a href=\"https://www.ft.com/content/f01ff762-3e68-4bac-bb73-6f35a6bf2771?accessToken=zwAAAaC7p14VkdPwH_diPmhLrNO7c281pr8ncQE.MEQCIB0JWoOFrtLln3AK9ihydSV1D7OLopuh7Q9Oi8uNH4V3AiA7h-PG2XW7v9rwDXlap_VQE999UKnEFHJPM-L-b5el1w&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902\" rel=\"noopener noreferrer\" target=\"_blank\">Scott Bessent takes on the bond vigilantes</a></p><p><a href=\"https://www.ft.com/content/eae8bbc5-7946-4fdc-8e0a-3215f7e56dd2?accessToken=zwAAAaC6GWwjktPq6LvFeUZP3NOOCjIV9-Vt0tODUA_4Md9AMdOe3Ys95a_z4wE.MEQCIE7EeoDl7yORxOuNMeo6U83BvLziuFiE-9DE_Twcs6DzAiBZp7RIffcas0kxJR7nDPCmL7YCge08edQjSpur04PsQw&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902\" rel=\"noopener noreferrer\" target=\"_blank\">Western oil refinery closures set to continue despite war shock</a></p><p><a href=\"https://www.ft.com/content/83500ff8-31df-4031-9edd-8b3de5aff3e3?accessToken=zwAAAaC6GWwjktPq6LvFeUZP3NOOCjIV9-Vt0tODUA_4Md9AMdOe3Ys95a_z4wE.MEQCIE7EeoDl7yORxOuNMeo6U83BvLziuFiE-9DE_Twcs6DzAiBZp7RIffcas0kxJR7nDPCmL7YCge08edQjSpur04PsQw&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902\" rel=\"noopener noreferrer\" target=\"_blank\">Shanghai’s answer to Nasdaq outstrips Hong Kong amid Chinese tech frenzy</a></p><p><a href=\"https://www.ft.com/content/895d78fc-ce60-4cb6-a8d5-db3ab01d1ebf?accessToken=zwAAAaC6hrt7kdOJXXj8zmBMttOo1ds6sB0evwE.MEYCIQCGMng1_8gvqAGjKUBoiVL0CwnVEoNBNTnTqRCHxjQaDwIhAOVH9wppezD5tHwLLLGjAluxANf2tmaBpOrzshI6lErv&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902\" rel=\"noopener noreferrer\" target=\"_blank\">Founder of collapsed Chinese property giant given life sentence</a></p><p>Credit: CNBC&nbsp;</p><p><br></p><p>Want to get in touch? Email us at <a href=\"mailto:podcasts@ft.com\" rel=\"noopener noreferrer\" target=\"_blank\">podcasts@ft.com</a></p><p><br></p><p>Note: The FT does not use generative AI to voice its podcasts&nbsp;</p><p><br></p><p>The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.</p><p><br></p><p><a href=\"https://www.ft.com/content/6a0b38a3-1fc0-4c91-a643-b21d306a5d12\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Read a transcript of this episode on FT.com</strong></a></p>","author_name":"Financial Times"}