Stay updated with breaking news from Cornelia me er. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 ....
Are in africa and south asia, we still will need oil to grow and get people into the middle class out of poverty. they are really concerned about that and i think it has to be seen also in the context of giving stability and trying to foster investment in the sector. cornelia, we appreciate your analysis. good to talk to you. see you again soon. analysis. good to talk to you. see you again soon. thank you very much. see you again soon. thank you very much, sally. see you again soon. thank you very much, sally. cornelia - very much, sally. cornelia me er. let s see what oil prices are doing now. brent crude is up just over i% and trading at $76.96 a barrel. light crude is up 1.3% and again, nearly $73 a barrel so they have not hit the target of $80 a barrel in terms of saudi arabia, keeping a close eye on markets you can see share markets you can see share markets in asia strong. it s because of the debt ceiling deal brokered at the end of last week in the united states, ....