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Is still depending on exports so if that is facing a recession, there is still that impact on china. so, it is demand driven. but having said that, i don't think, for the argus consulting team, we never saw $100. we do see that going forward. in the second half of this year. assuming 0pec plus, and that includes russia, delivers on the output cuts that they had announced in early april, we do see that the market should become tighter, in terms of supply and that we should be moving towards the sort of $80 or low 80 in the second half of 2023. so, inching higher but not going up to a hundred. i...

Is still depending on exports so if that is facing a recession, there is still that impact on china. so, it is demand driven. but having said that, i don't think... we never saw $100. we do see that going forward. but having said that, i don't think, for the argus consulting team, we never saw $100. we do see that going forward. in the second half of this year. assuming 0pec plus, and that includes russia, delivers on the output cuts that they had announced in early april, we do see that the market should become tighter, in terms of supply and that we should be moving towards the sort of $80 o...

Members which includes saudi arabia, russia and the uae, so the fact that this announcement was made yesterday before is something that has come as a surprise, and what is interesting is it is not a decision taken by the group which is 0pec plus, these are voluntary cuts that have been made by the countries, and as we were mentioning, this amounts to 1 million barrels of oil per day, which, in a sense, translates to almost 1.6% of daily global supplies. we are in a scenario where the global economy is under pressure, the cost of living is rising, and what is going to happen now is this could l...

Be negotiating with these parties any how. thank you very much for being with us from helsinki.— several of the world's largest oil exporters have announced cuts in production amounting to more than a million barrels per day. the announcements by saudi arabia, iraq and several gulf states come amid fears of a global economic slowdown reducing demand for oil. earlier i spoke to bbc middle east business correspondent sameer hashmi, and asked him how much of a surprise the decision was. it has come as a huge surprise, because on monday, 0pec plus, the oil cartel, was supposed to have a formal m...

Supposed to have a formal meeting to disconduct production, this happens every month involving 23 members, which includes saudi arabia, russia, the uae, so the fact this announcement was made the day before is something that has come as a surprise, and what interesting it is not a decision taken by group which is 0pec plus, these are voluntary cuts made by the individual country, as we were mentioning it amounts to one million barrels a day which translates to almost 1.6 percent of daily global supplies, now we are in a scenario where the global economy is under pressure, the coyle is rising, ...