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BBCNEWS World Business Report June 4, 2024 04:31:00

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. ....

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What are Europe's energy alternatives now that Russian gas is off the cards?

If coal plants are reopened in the EU, we can say goodbye to reaching the net zero targets the bloc has promised to reach. ....

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US bans Russian oil: What is next for oil and gas prices? | Oil and Gas News

United States President Joe Biden has imposed an immediate ban on Russian oil and other energy imports in retaliation for Russia's invasion of Ukraine ....

United States , United Kingdom , Adam Pankratz , Cornelia Meyer , Joe Biden , Al Jazeera , United States President Joe Biden , American Fuel , Petrochemical Manufacturers , Chief Executive Officer , Meyer Resources , British Columbia , Sauder School , Consumer Price Index ,

US bans Russian oil: What is next for oil and gas prices?

US President Joe Biden’s ban on Russian energy imports is latest move to punish Russia over its invasion of Ukraine. ....

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What are Europe's energy alternatives now that Russian gas is off the cards?

If coal plants are reopened in the EU, we can say goodbye to reaching the net zero targets the bloc has promised to reach. ....

United States , United Kingdom , Wilaya De Skikda , East Sussex , Bruxelles Capitale , South Korea , Barbara Pompili , Cornelia Meyer , Joe Biden , Robert Habeck , Carlos Torres Diaz , Jen Psaki , Max Lacey Barnacle , Frans Timmermans , White House , European Commission , Power Markets Research At Rystad Energy , University Of Sussex Business School , European Union , Research Fellow In Just Transitions , Al Jazeera , Science Policy Research Unit , Kyiv Based Extinction Rebellion Ukraine , Nord Stream , Power Markets Research , Minister Robert Habeck ,