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BBCNEWS World July 5, 2024

the price of oil on international markets is not high enough for them. oil and energy leaders are gathering again today in vienna for the latest opec summit. the biggest and most powerful player saudi arabia started this week with the news it s extending its voluntary output cut of1 million barrels per day to august. russia is making a similar move. but these cuts are failing to boost energy prices. why? jonathan robinsonjoins me now to explain he is global power & energy research director at frost and sullivan. just talk us through our oil is at the moment. just talk us through our oil is at the moment. oil, despite the cuts in production, at the moment. oil, despite the cuts in production, oil at the moment. oil, despite the cuts in production, oil prices- cuts in production, oil prices have stayed relatively low in what we have seen historically in the past year, 1.5 years. there are a few specific reasons for that. chinese demand, industrial out would, incre ....

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BBCNEWS World July 5, 2024

seeking a winner take all competition and that both countries should not let any disagreement hurt economic ties. tensions have flared over washington s efforts to limit chinese access to advanced computer chips. just this week, beijing tightened export restrictions on two rare minerals both used in the chip industry, but speaking earlier today janet yellen insisted the two economies must remain closely interlinked. i ve made clear that the united states does not seek a wholesale separation of our economies. we seek to diversify and not to decouple. a decoupling of the world s two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake. i also made clear that actions we take to protect our national security are designed to be narrowly targeted and that they are premised on straightforward national security considerations, they re are not undertaken to gain economic advantage over china. we are joinded now by ....

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BBCNEWS World July 5, 2024

between the us and china ranges from taiwan and ukraine to national security and an ongoing trade dispute. janet mui, head of market analysis at rbc brewin dolphin. janet, at rbc brewin dolphin. good to have you with us. what janet, good to have you with us. what you make of this visit? as we said, the second in as many months. canjanet said, the second in as many months. can janet yellen said, the second in as many months. canjanet yellen do said, the second in as many months. can janet yellen do what the others have not yet managed to do, which is though that relationship that is particularly frosty about politics but also now economics and business two. ., but also now economics and business two. . ., ., but also now economics and business two. ., ., ., but also now economics and business two. thanks for having me. i think it is a difficult two. thanks for having me. i think it is a difficult task two. thanks for having me. i think it is a difficult task for tw ....

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BBCNEWS World Business Report June 4, 2024 10:34:00

Chinese officials? i will there be any pushback from the chinese officials? chinese officials? i think it will be very hard chinese officials? i think it will be very hard for chinese officials? i think it will be very hard forjanet - chinese officials? i think it will be very hard forjanet yellen i chinese officials? i think it will| be very hard forjanet yellen to chinese officials? i think it will - be very hard forjanet yellen to put this on the table because the us has huge amounts of export licences. since the us does it, how can they say, let sjust lift since the us does it, how can they say, let s just lift them? since the us does it, how can they say, let sjust lift them? i don t think it will be a protracted discussion. what the us will do is to find ways to basically counteract this potential export controls by creating their own supply chain and what the japanese japanese did was invest in huge amounts of these metals. if china keeps on using this tool, what will happen ....

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BBCNEWS World Business Report June 4, 2024 13:31:00

Between the us and china ranges from taiwan and ukraine to national security and an ongoing trade dispute. janet mui, head of market analysis at rbc brewin dolphin. janet, at rbc brewin dolphin. good to have you with us. what janet, good to have you with us. what you make of this visit? as we said, the second in as many months. canjanet said, the second in as many months. can janet yellen said, the second in as many months. canjanet yellen do said, the second in as many months. can janet yellen do what the others have not yet managed to do, which is though that relationship that is particularly frosty about politics but also now economics and business two. ., but also now economics and business two. . ., ., but also now economics and business two. ., ., ., but also now economics and business two. thanks for having me. i think it is a difficult two. thanks for having me. i think it is a difficult task two. thanks for having me. i think it is a difficult task for two. thanks for ha ....

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