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BBCNEWS World Business Report July 8, 2024

Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting ....

Bbc News , The Cloud , Business Headlines , Around The World , Sally Bundock , Bit Fishy , Oil Cartel Opec , Oil Producers , Food Bills , Oil Production , Decision Making , Drone Attack , Fuel Tankers , Restricted Supply , Yemeni Houthi Rebels , United Arab Emirates , Hong Kong , 5 05 , 35 05 , Cornelia Meyer , Energy Analyst , 1 7 , Do Tell , Market Trajectory , 0pec Plus , Production Levels ,

BBCNEWS World Business Report July 8, 2024

Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting ....

Bbc News , The Cloud , Business Headlines , Around The World , Sally Bundock , Bit Fishy , Oil Cartel Opec , Oil Producers , Food Bills , Oil Production , Decision Making , Drone Attack , Fuel Tankers , Restricted Supply , Yemeni Houthi Rebels , United Arab Emirates , Hong Kong , 5 05 , 35 05 , Cornelia Meyer , Energy Analyst , 1 7 , Do Tell , Market Trajectory , 0pec Plus , Production Levels ,

BBCNEWS World Business Report July 8, 2024

Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting ....

Bbc News , The Cloud , Business Headlines , Around The World , Sally Bundock , Bit Fishy , Oil Cartel Opec , Oil Producers , Food Bills , Oil Production , Decision Making , Drone Attack , Fuel Tankers , Restricted Supply , Yemeni Houthi Rebels , United Arab Emirates , Hong Kong , 5 05 , 35 05 , Cornelia Meyer , Energy Analyst , 1 7 , Do Tell , Market Trajectory , 0pec Plus , Production Levels ,

BBCNEWS World Business Report February 2, 2022 05:32:00

Though, oil has been on a steep upward trajectory over the past year with some analysts now predicting it won t be long before it hits $100 a barrel. well, there are three main reasons. firstly, there s now growing optimism about the speed at which the global economic will recover from the coronavirus pandemic. secondly, geopolitical concerns. as well as the ongoing tensions between russia and ukraine, a suspected drone attack by yemeni houthi rebels in the united arab emirates blew up three fuel tankers last week. thirdly, restricted supply. according to research by 0ilprice.com, opec countries collectively produced 674,000 fewer barrels per day last month than they had previously agreed to. let s see how oil is doing right now. ....

Drone Attack , Oil Cartel Opec , Fuel Tankers , Restricted Supply , Yemeni Houthi Rebels , United Arab Emirates ,