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BBCNEWS Business Briefing July 13, 2024

We start in the austrian capital, vienna, where a deal is being been done that will affect how much we pay for fuel next year. 0il ministers from the organization of Petroleum Exporting countries or opec for short and their allies, including russia, have been meeting to try and prop up the price of crude. Lets show you why. Back in 2017, they agreed to cut oil supplies to boost flagging prices. As you can see, until the end of last year it was working very well. But as prices rose, it encouraged Shale Oil Producers in the us to invest heavily, meaning american production is now at a record high. That meant too much oil. Prices coming down again and financial problems for countries who rely on oil exports. So, they are planning to cut production further, by another 500,000 barrels per day. If the deal is signed off, that would mean total production cuts of 1. 7
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BBCNEWS Worklife July 13, 2024

A haze over sydney as a mega bushfire forms near the city and about 100 otherfires are raging in the australian state of new south wales. In a few hours, forbes will reveal its latest annual rankings for the worlds best paid musicians, but is it streaming, merchanise or touring that make them their money . Weve had black friday and cyber monday. Now, get ready for Small Business saturday. Does that sound a little more worthwhile . Well speak to the woman whos urging us to shop small this christmas. And you can be part of the conversation too. Everyone seems to be sharing their most listened songs of the past year right now. What was top of your list . Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. We start with the ride hailing firm uber. The frim says it received 3,000 reports of Sexual Assaults related to its trips in the
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