which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1 point 4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. here s our middle east correspondent sameer hashmi on some what can this mean for prices around the world? here s our middle east correspondent sameer hashmi on some of the fissures within opec plus, and the differing priorities of some key members. before the meeting started on saturday, it was widely expected that the whole group would make cuts deeper prices. but that didn t happen. saudi arabia was quite keen that the whole group implements those cuts from july, but as you were mentioning, a lot of members were not in favour of that because if they cut down production, it s going to impact their oil revenues, which is going to impact their
barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. sameer hashmi is our middle east business correspondent. let see how prices are faring just now. brent is currently up 1.5% so far in the day but keep an eye on it because there is a lot of volatility as you might expect as investors and traders try to work out exactly what the production cut could mean. sameer hashmi is our middle east business correspondent. perhaps not unexpected, this is what we expected, it cuts production and keeps prices up and we know how reliant many are on the revenue it creates but it will not go down well around the world. two creates but it will not go down well around the world. creates but
in 1807 with the slave trade act and carried on in 1833 with the abolition of slavery within the british empire itself, and then to suppression of slave trading in the atlantic and also the indian ocean. and also that britain entered into these mutual right of search treaties with most other nations in the world. a lot has been made of the impact of slavery on economies around the world, whole industries that would not have existed without this sort of labour. but talk to me about the impact that it had on east africa. the 18205, a plantation economy emerged in zanzibar. so zanzibar became the world s biggest producer of clothes. and in order to do that, they required slaves. so the slaves were used to produce clothes and coconuts. the problem, the economic aspect to it was that it s been beneficial for the plantation economy, but not very beneficial for where the slaves were sourced.
african slave trade. thank you for being with us. we will come onto some of the economic implications in a moment, because after all this is a business programme, but first of all can you talk to me about the significance of this anniversary, 150 years on. as we touched on, the problem is persisting in some respects. the closure of persisting in some respects. the closure of the persisting in some respects. tue: closure of the zanzibar persisting in some respects. tte: closure of the zanzibar slave market was one of the great triumphs of britain s abolitionist policy in the 19th century, which began in 1807 with the slave trade act and carried on in 1833 with the abolition of slavery within the british empire itself. and then to the suppression of slave trading in the atlantic and also the indian ocean. and also britain ended into a mutual right of search treaties with most other nations in the world. britain having