continue cutting production basically to push prices which seem to be working so far in saudi arabia said they will make cuts of over a million barrels per day injuly and targets would drop by after a one point million barrels. it accounts for about 40% of the rules crude oil and decisions can have a major impact on oil prices. let s skip more for my middle east business correspondent. let s get more. before the meeting started in the oil production and oil production where around $5 a barrel, they have been falling and concerns they could fall further with they could fall further with the global economy and demand weakening. in saudi arabia and some countries were very keen that the group, goes ahead and ask another cut as a group of most countries were against that idea because any cut would lead her impact their oil revenues which is crucial to their economies in saudi arabia was in when they could afford to make the cut and managed its national budget. when they came t
this is bbc news. it s newsday. hi there, thank you for being with us. we start with the notable increase in military activity, in southern and eastern ukraine. the ukrainian armed forces say they ve launched several attacks, but the russians insist those attacks have been repelled. russian officials are claiming that their troops have succeded in blocking attacks around donetsk, luhansk, and zaporizhzhia the ukrainian attack on donetsk was said to be on a significant scale. but the eastern city of bakhmut is described as the epicentre of hostilities , where ukraine s ground forces are said to be moving forward strongly against russian positions. in a moment, we ll have the latest from moscow but first to kyiv, and our ukraine correspondent james waterhouse. shh. in a war of words, a call for quiet from kyiv. when it comes to its anticipated counteroffensive, ukraine has certainly revelled in trying to confuse russia. this video came with the caption plans love silence
agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia working so far. saudi said prices which seems to be working so far. saudi said it would make cuts of1 million barrels a day and targets would drop by 1.4 million barrels per day from 2024. 0pec+ accounts for crude oil and let s get more for our middle east correspondent. it more for our middle east correspondent. more for our middle east correspondent. it was widely exected correspondent. it was widely expected before correspondent. it was widely expected before the - correspondent. it was widely| expected before the meeting started that 0pec+ would reduce oil production because it is hovering around $75 a barrel. there are concerns it could fall further with global economy struggling and demand wiggling. saudi arabia and some countries were really keen that the oil group goes ahead and makes another cut as a group but many countries were against that because ma
tomorrow, one of the most high profile men in the world is cross examined about the stories about him. just put that into some context for our audience. 1 about him. just put that into some context for our audience. context for our audience. i think eole context for our audience. i think peeple will context for our audience. i think people will remember context for our audience. i think people will remember the - context for our audience. i think - people will remember the levenson inquiry in 2011, which was cut off half way through by a big lobby from the corporate press to a government who conceded for the first time ever, cancelled a public inquiry which is going to be fact finding. leveson. ithink which is going to be fact finding. leveson. i think it is as a result of that that prince harry, but other claimants, are determined to make sure that the courts reach a decision on exactly who did what to whom, and so that is going to be the result of this. the only a
deal this is? why would biden say what a good deal is before a vote? you think that ll help you get past? no. a vote? you think that ll help you get past? no. katrina els told me earlier you get past? no. katrina els told me earlier that you get past? no. katrina els told me earlier that investorsi told me earlier that investors around the world are welcoming the news. 50 around the world are welcoming the news. ~ around the world are welcoming the news. ~ , the news. so i think we ve seen a collective the news. so i think we ve seen a collective sigh the news. so i think we ve seen a collective sigh of the news. so i think we ve seen a collective sigh of relief- a collective sigh of relief coming from international markets as a result of this tentative deal breaking. i think it really cements the fact that we will avoid that more collaborative situation of a us default which would have been absolutely awful for the us economy, but also for really increasing a