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BBCNEWS BBC News June 4, 2024 17:23:00

Really special time in australia. it has been really nice to talk to you. nick is australian, if you hadnt noticed, footballjournalist, thank noticed, football journalist, thank you noticed, footballjournalist, thank you so much, goodbye. global oil demand hit a record high injune โ€” thats according to an estimate by the international energy agency, which said demand reached an allโ€”time high of 103 million barrels a day. and the agency suggests demand could reach a fresh peak in the month of ...
Time In Australia You Hadn T David Waddell Pandemic Hit Demand International Energy Agency 100 Million

BBCNEWS BBC News June 4, 2024 22:21:00

Could reach a fresh peak in the month of august. heres our business reporter, david waddell. global oil demand first passed through 100 million barrels a day in 2019, but the impact of the covid pandemic hit demand hard. at one point in april 2020, the price of a barrel of brent crude fell to $22.4. its much higher now. on friday, the market price closed at $85.5. a price that buyers are happy to accept on the world markets. june saw an estimated aggregate demand of 103 barrels per day. so why i...
David Waddell On Friday Pandemic Hit Demand Brent Crude 122 4 2 4

BBCNEWS BBC News June 4, 2024 17:24:00

Analyst cornelia meyer. well, the economy is doing a little bit better than was anticipated at the beginning of the year. especially the us is doing a lot better. and even in europe, where some economies arent doing too well, there is still that revenge travel, tourism from the covid era. people want to travel again and all the planes are full, and we see that across the globe. in fact, the international energy agency says demand could reach a fresh peak this month and has pushed up its expectat...
Southern Europe Cornelia Meyer Revenge Travel International Energy Agency Supply Cuts Oil Producers

BBCNEWS BBC News June 4, 2024 20:23:00

Could reach a fresh peak in the month of august. heres our business reporter david waddell. global oil demand first passed through 100 million barrels a day in 2019. but the impact of the covid pandemic hit demand hard. at one point in the april of 2020, the price of a barrel of brent crude fell to $22.4. its much higher now โ€” on friday, the market price closed at $85.5. thats a price that buyers are happy to accept on the world markets. june saw an estimated aggregate demand of 103 barrels pe...
David Waddell Pandemic Hit Demand 100 Million Market Price Brent Crude 122 4

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BBCNEWS Politics Live June 4, 2024 10:31:00

Supplier โ€” russia โ€” also made a similar move, announcing it was cutting production by half million barrels per day from august too. but these cuts are failing to boost energy prices. why? werejoined by cornelia meyer, whos the ceo meyer resources. big cuts announced, and yet the price remains pretty sluggish. this is a demand problem, isnt it, not a supply issue? it is a demand problem, isnt it, not a suwly issue?โ€” is a demand problem, isnt it, not a supply issue? it is a demand problem an...
Energy Prices Cornelia Meyer Meyer Resources We Rejoined Demand Problem Supply Issue

BBCNEWS Politics Live June 4, 2024 10:34:00

Looks. cornelia, really good to talk to ou, looks. cornelia, really good to talk to you. thank _ looks. cornelia, really good to talk to you. thank you _ looks. cornelia, really good to talk to you, thank you for _ looks. cornelia, really good to talk to you, thank you for being - looks. cornelia, really good to talk to you, thank you for being with i looks. cornelia, really good to talk| to you, thank you for being with us. thank you. here in the uk, the national health service is celebrating i...
Cornelia Meyer Landmark Anniversary National Health Service Being Looks His Majesty S Government Of Gibraltar Health Service

Oil prices rise as OPEC+ slashes production by a million barrels a day

From the BBC World Service: Oil prices rise after OPEC+, the organization enabling the cooperation of leading oil-producing countries in order to collectively influence the global market and maximize profit, cut production by a further million barrels a day. Oil analyst Cornelia Meyer explains why they've done it. Plus the BBC's Archana Shukla reports from India on the train crash that's cost at least 275 lives. And finally, China aims for the moon as it invests in the new space r...
Cornelia Meyer Archana Shukla World Service

Why the outcome of the OPEC+ meeting was positive and important

Three words sum up the recent ministerial meeting of OPEC+: Predictability, transparency, and stability. The Organization of the Petroleum Exporting Countries and its 13 allies, known as OPEC+, had surprised markets with a voluntary cut of around 1.5 million barrels per day in April this year, which failed to achieve the desired result as New York oil futures were down 11
New York United States Saudi Arabia Suhail Al Mazroui Wood Mckenzie Haitham Al Ghais

BBCNEWS World Business Report June 4, 2024 04:35:00

Are in africa and south asia, we still will need oil to grow and get people into the middle class out of poverty. they are really concerned about that and i think it has to be seen also in the context of giving stability and trying to foster investment in the sector. cornelia, we appreciate your analysis. good to talk to you. see you again soon.โ€” analysis. good to talk to you. see you again soon. thank you very much. _ see you again soon. thank you very much, sally. _ see you again soon. thank...
South Asia Cornelia Meyer Sally Bundock Soon Analysis Cornelia Me Er Oil Prices

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