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Transcripts For BBCNEWS Business Briefing 20240713

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
Milton Keynes , United Kingdom , United States , Saudi Arabia , Coletta Smith , Rudy Giuliani , Simon Watkins , Andrew Neil , Harley Watson , Thomas Cook , Terence Glover , Organization Petroleum Exporting Countries , Petroleum Exporting , Petroleum Exporting Countries , Petroleum Exporting Countries Opec , Oil Supplies , Shale Oil , Shale Oil Producers , Oil Producers , Million Barrels , Roger Diwan , Oil Giant , Saudi Aramco , Ta Ke , Leadership Meeting , Oil Analyst ,

U.S. to Benefit From Improving India-UAE Relations

The UAE has a uniquely close relationship with India in the field of energy, and this mutual commitment on energy cooperation may ultimately benefit the U.S. ....

Saudi Arabia , United States , Al Dhafra , Abuz Aby , United Arab Emirates , New Delhi , Joe Biden , Igor Sechin , Narendra Modi , Simon Watkins , Dharmendra Pradhan , Abu Dhabi , Sultan Ahmed Al Jaber , Bharat Petroleum , International Energy Agency , European Union , France Totalenergies On Dolphin Energy , Abu Dhabi National Oil Company , Occidental Petroleum , Strategic Petroleum Reserves , Middle Eastern , Indian Prime Minister , Galwan Valley , One Belt , One Road , Road Initiative ,

New Aramco Share Sale Does Not Change The Company's Dire Situation

New Aramco Share Sale Does Not Change The Company's Dire Situation
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

United States , Saudi Arabia , Saudi Arabian , Amin Nasser , Mohamed Al Tuwaijri , Simon Watkins , No Oil , Oil Price War , Energy Ministry , Saudi Aramco , Us Senate , Price War , Deputy Economic Minister , Deputy Crown Prince , Neom City , Exporting Cartel ,

Qatar's Huge New Long-Term LNG Contracts Are Crucial for Both China and the West

The competition between the U.S. and its allies and China and its partners for upcoming long-term LNG contracts from Qatar will be intense. ....

United States , Saudi Arabia , Joe Biden , Robert Habeck , Hamad Al , Simon Watkins , John Aquilino , Oil Price Plunge Hits , Asia Natural Gas Energy Association , Gas Exporting Countries Forum , China Petroleum Chemical Corp Sinopec , Guangdong Energy Group Natural Gas Co , Qatar Petroleum , Admiral John Aquilino , Pacific Command , Middle East , Asia Natural Gas , Although Europe , North Field , South Pars , Islamic Republic , North Field East , North Field South , North Field West , Middle Eastern , China Petroleum ,

China And Iran Secure Key Strategic Iraqi Gas Field

For China, the location of the Mansuriya gas field fits perfectly into the vast network of oil and gas sites in Iraq. ....

Al Anbar , Al Ladhiqiyah , Saudi Arabia , Golan Heights , Syria General , United States , Mediterranean Sea , Oceans General , A Il , Mohammed Al Sudani , Simon Watkins , China Jereh Group , Oil For Reconstruction , Oil Ministry , China Petroleum Engineering , Anton Oilfield Services Group , China National Offshore Oil Corporation , Iraq Oil Ministry , International Energy Agency , Jereh Group , Petro Iraq , Anbiya Construction Headquarters , Islamic Revolutionary Guard , For China , Iraqi Basra , Lukoil Refinery Kills ,