oil supplies look to tighten from next month, after saudi arabia and other opec plus oil producers announce output cuts of about 1.1 million barrels a day. saudi arabia said the move was aimed at stabilising the market. well, oil prices are currently trading higher, after the move by 0pec+. this is the second time the cartel slashed productions. the group last did so in october, cutting output by two million barrels per day. jonathan robinson is global power & energy research director at frost and sullivan. this move by saudi was something of a surprise. the us publicly ruled out new crude purchases to replenish its own strategic stockpile. how much of a collision course does it put ridadh on with america? it is interesting because russia had cut its production separately in march so it suggests a bit of co ordination between russia and saudi arabia and clearly they want to put a floor under the price of oil and see it recovering to the side of $90 a barrel, where it has been
its lowest level for nearly two years. consumer prices rose by 5% of the year to march, a far cry from the 9% it was that in june. but there are warnings of a possible recession in the pipeline. our business reporter is katie silver, she s been looking through the dater and joins me now on the programme. great to have you on the show. this looks pretty optimistic, doesn t it was back it s good news it isn t it? it’s doesn t it was back it s good news it isn t it? news it isn t it? it s good news it isn t it? it s good news but it news it isn t it? it s good news but it needs - news it isn t it? it s good news but it needs to - news it isn t it? it s good news but it needs to be i news but it needs to be analysed further and taken with analysed further and taken with a grain of salt. inflation is down and there are warnings every session but still we are hearing the fed may hike rates for the three things that don t normally go together. in terms of the inflation figure w
and collin beatty is to step down as the snp s treasurer after an investigation into the party s finances. hello, welcome to bbc news. some breaking news from the us in the past hour two teenage boys have been charged with four counts of murder after a deadly shooting at a birthday party in dadeville, alabama on saturday. this was the aftermath. we know that over 30 people were wounded some critically, after shots were fired at the mahogany masterpiece dance studio. this shooting takes the us to a grim milestone of more than 160 mass shootings in which four or more people are shot so far this year. let s hear from sergeantjeremy burkett with the alabama law enforcement agency, speaking a short time ago. on tuesday, 18 april at approximately 8pm, alabama law enforcement agencies, the state bureau of investigation officially arrested and charged tyreke mccullough, 17 of tuskegee, and travis mccullough, 16, also of tuskegee, with four counts of reckless murder each tha