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Transcripts For BBCNEWS World 20240705

hello, i m sally bundock, here with your top business stories. let s start with oil, because crude prices have risen some 2% after saudi arabia and opec plus countries announced they would be cutting production to stabilise oil prices. saudi arabia said it would make cuts of one million barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around a0 % 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. joining me now from vienna is cornelia meyer, who s the ceo of meyer resources. always lovely to see you. talk to us about these announcements. were you expecting these new cuts to come? i expecting these new cuts to come? . , , . ., come? i was expecting them and ou come? i was expecting them and you know. come? i was expecting them and ....

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Transcripts for BBCNEWS World Business Report 20240604 04:33:00

Of what s going on for a little bit of a longer time.- bit of a longer time. talk us throu~h bit of a longer time. talk us through the bit of a longer time. talk us through the relationship - bit of a longer time. talk us i through the relationship within 0pec plus because this was a very fractious meeting, wasn t it? it very fractious meeting, wasn t it? ., , ., ., very fractious meeting, wasn t it? c, a, it? it was not an easy meeting because essentially, it? it was not an easy meeting because essentially, it - it? it was not an easy meeting because essentially, it was - it? it was not an easy meeting because essentially, it was a l because essentially, it was a coming tojesus, coming to terms type of thing when you look at the quotas and what was actually produced, if you take the igis plants movement numbers, they missed the quotas, the group as a whole, by about 2.5 million barrels a day. so some countries had really been lagging in what they were doing with the quote. so, at ....

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