Aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of quarters opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest are lower than normal production. Or financial correspondent so fishermans he joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up through to opec plants. Yes definitely you can say that and this is indeed exactly what has been going on so far in the opec so saudi arabia for example and iran have repeatedly agreed on having the outputs in order to help the historically low price to stabilize but as the Uni
Member states are hoping it will stay that way for the next nine months that is the aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of courses opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest and lower than normal production or financial correspondent so fishermans he joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up forty opec plants. Yes definitely you can say that and this is indeed exactly what has been going on so far in the opec so saudi arabia for example and iran have repeatedly agreed on having the ou
Again want to cry it made as a nice sunny burgess a plan to evacuate thousands of migrants stranded in libya so what is response on the ground. Also on the program germanys two main parties began talks on for me a possible governing coalition and but im it spits a divisions so can they cut the deal and form a stable government im going to medical keeps talking about. The candlelit vigil and all of a convicted war criminal and croatia supporters of slobodan the took his own life in a un courtroom yesterday to remember him. Also coming up u. S. President Donald Trumps accused of promoting islamophobia after he tweeted that video made by an Extremist Group also got him into a ride with britains Prime Minister. Im phil gayle welcome to the program. A summit gathering of european and African Leaders from more than eighty countries has ended in ivory coast with plans for the immediate evacuation of nearly four thousand african migrants stranded in libya the decision comes after shocking repo