emirates to try to convince the two to increase supplies and stabilise markets. but 0pec plus is in a place where they are in agreement. it is a club that has had its divisions in the past but at the moment they all seem to be on the same page in russia is a big part of that. , , , , , that. yes, it is very complex, as ou that. yes, it is very complex, as you said that. yes, it is very complex, as you said russia that. yes, it is very complex, as you said russia is - that. yes, it is very complex, as you said russia is part - that. yes, it is very complex, as you said russia is part of. as you said russia is part of that group. certainly, they are the right two countries for the prime minister to visit, because in our opinion they are the only two countries that have spare oil production capacity at the moment. the total spare capacity that those two countries have is around 3 million barrels per day, but russia at the moment is producing more than 10 million barrels per day of oi
and that s what the voters wanted. this is bbc news, the latest headlines: under curfew and attack, residents of kyiv are told not to be out in public. nato is to draw up new plans to deter russia and defence ministers meet later since the first time since the invasion. uk prime minister borisjohnson is to visit saudi arabia this week in an attempt to get the oil rich nation to increase supplies. western sanctions against russian oil have helped drive crude prices to their highest level in years. so far, 0pec plus has refused western calls to ramp up supplies. but will borisjohnson have more luck?
At the 27th Ministerial Meeting of the OPEC and non-OPEC countries, Azerbaijan also agreed to increase daily oil output by 432,000 barrels in May 2022, the Ministry of Energy told AZERTAC. The growth was determined at the 19th meeting held in July last year according to the agreement
now is the global head of private capital and advisory group. many thanks forjoining me this morning. this looks like a mini battle between the us led countries and 0pec plus. it really is a geopolitical tussle between the united states and 0pec plus which is essentially led by saudi arabia, so this will put further strain on the us saudi relationship. joe biden and other leaders are under massive pressure to bring inflation under control, and oil is a major input into the global economy so they feel their hand is forced after 0pec plus has refused to release more volume into the market and has decided to do so only gradually instead of doing more to put price into the controls today. the agreement, the controls today. the agreement, it - the controls today. the agreement, it could - the controls today. the i agreement, it could come the controls today. the agreement, it could come as early as tuesday, couldn t it? do you think that 0pec plus will react? it do you think that opec plu
is the closest thing to twitter there, webo, and a number of other platforms that allow fans to interact with celebrities including billy billy, similar things to tiktok. in august the chinese government crackdown on gaming firms, and shares in those fell by 10% as a result, so this is likely to have an impact as well. let s talk about oil because we have seen prices and lower this week as infections rise across europe. however, they still have risen some 60% this year and some seven cultural countries including the likes of japan countries including the likes ofjapan india and the us are reported to be close to an agreement to release more of the national crude reserves. it comes after they were not able to persuade 0pec plus countries to persuade 0pec plus countries to pump more oil. joining me