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barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around 40% 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. sameer hashmi is our middle east business correspondent. let see how prices are faring just now. brent is currently up 1.5% so far in the day but keep an eye on it because there is a lot of volatility as you might expect as investors and traders try to work out exactly what the production cut could mean. sameer hashmi is our middle east business correspondent. perhaps not unexpected, this is what we expected, it cuts production and keeps prices up and we know how reliant many are on the revenue it creates but it will not go down well around the world. two creates but it will not go down well around the world. create ....
in the next 2a hours, between gary lineker and the bbc, in a row over impartiality which disrupted sports programmes over the weekend. live from our studio in singapore this is bbc news. it s newsday. hello and welcome to the programme. it s 7am in singapore and 4pm in los angeles where stars are arriving for the oscars ceremony in hollywood which will start in the next few hours. the science fiction film everything everywhere all at once leads the way with nominations it has 11. but there could be stiff competition from the the german language war film all quiet on the western front the biopic elvis or the irish set drama the banshees of inisherin . and in a first for the ceremony there will also be a crisis team working there. the organisers say it s there to mitigate any potential surprises. i m joined now by our north america correspondent peter bowes whose at an oscars watch party. a lwa ys always great to get you on the programme during oscars ....