Aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of quarters opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest are lower than normal production. Or financial correspondent so fishermans he joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up through to opec plants. Yes definitely you can say that and this is indeed exactly what has been going on so far in the opec so saudi arabia for example and iran have repeatedly agreed on having the outputs in order to help the historically low price to stabilize but as the Uni
Member states are hoping it will stay that way for the next nine months that is the aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of courses opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest and lower than normal production or financial correspondent so fishermans he joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up forty opec plants. Yes definitely you can say that and this is indeed exactly what has been going on so far in the opec so saudi arabia for example and iran have repeatedly agreed on having the ou
Update on how it all free in berlin thanks for joining me a barrel of brant crude is currently trading over the sixty dollars mark and opec Member States are hoping it will stay that way for the next nine months that is the aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of quarters opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest and lower than normal production. Or financial correspondent so fisherman ski joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up four to opec plants. Yes definitely you can say that a
Twelve president ial election the former Prime Minister and air force commander announced last week he plans to run for president in twenty eighteen incumbent president Abdel Fattah Elsisi is widely expected to seek another term but those were the headlines the news continues here on aljazeera after counting the cost statement thats a lot of. Documentaries. At this time. Round. Oh im has im sick of this is counting the cost on to your weekly look at the world of business and economics this week Oil Sweet Spot what price does a barrel of oil have to be so that consumers and producers benefit also this week bitcoins making headlines again but the biggest names in finance cant agree on what its worth plus african and European Union leaders have condemned the refugee slave trade in libya but still no real details on how to stop the smuggling. So what is the ideal price of a barrel of oil well thats something that opec and its allies had to think long and hard about this week in vienna but
Procession leaders accused of sedition former Vice President or anyone who says he was refused bail to stop him from running in the regions election later this month thats on the twenty first of december right those are the headlines on aljazeera do stay with us counting the cost is coming up next thank you very much for watching. News. But the message is simplistic and misinformation is rife listening to provides a critical counterpoint challenging Mainstream Media narrative at this time on aljazeera. Oh im has im sick of this is counting the cost on to your weekly look at the world of business and economics this week Oil Sweet Spot what price does a barrel of oil have to be so that consumers and producers benefit also this week bitcoins making headlines again but the biggest names in finance cant agree on what its worth plus african and European Union leaders have condemned the refugee slave trade in libya but still no real details on how to stop the smuggling. So what is the ideal p