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BBCNEWS Business Today June 4, 2024 01:38:00

Agreed in december, were due to expire at the end of this month. meanwhile, a private survey released in the coming hours harry murphy cruise, an economist with moody s analytics, gave us a sense of what lies ahead for oil prices. i suppose not an entirely surprising decision. we had expected some of these cuts to continue through to the end of the year. what we saw over the weekend was something that went a little bit further than that. but really, i think that reflects some of the uncertainty in oil demand at the moment. so, you know, you look around the world, we ve got inflation that s digging in its heels in a number of countries. that really raises the prospect that interest rates stay higherfor longer that would dent demand for oil. similarly, china s manufacturing led growth recovery is showing a little bit of shakiness in some areas. if that were to continue, that would also dent demand for oil. so look, i think we re really seeing that being reflected in opec s decision her ....

Oil Prices , Harry Murphy , Moody S Analytics , Oil Demand , Around The World , Interest Rates , Manufacturing Led Growth Recovery , It Doesn T ,

BBCNEWS Business Today June 4, 2024 04:39:00

The 0pec+ cartel has agreed to extend most of its production cuts until 2025. the cuts, which were first agreed in december, were due to expire at the end of this month. so what does this mean for oil supply going forward prices and inflation? jane foley has been looking into this for us head of fx strategy at rabobank. good morning to you. this, to a great degree, was expected, wasn t it? to great degree, was expected, wasn t it? great degree, was expected, wasn t it? ., ., ., wasn t it? to a great degree it wasn t it? to a great degree it was but we wasn t it? to a great degree it was but we have wasn t it? to a great degree it was but we have to wasn t it? to a great degree it was but we have to bear - wasn t it? to a great degree it was but we have to bear in - wasn t it? to a great degree it l was but we have to bear in mind that there are three sets of production cuts and one of these, which is one of the voluntary reduction cuts, will actually be phased out from octob ....

Production Cuts , 0pec Cartel , Forward Prices , Jane Foley , United States , Of Fx Strategy , Wasn T , Reduction Cuts ,

KPIX CBS Evening News With Norah ODonnell June 4, 2024 22:35:00

Released in december shows three of them still alive. it s not known how they died, but an army spokesperson says that likely happened months ago. the discovery of the remains of even more hostages has only intensified the pressure on prime minister benjamin netanyahu. on saturday over 120,000 israelis took to the streets of tel aviv to demand he move forward with the deal to release the hostages and end the war in gaza as outlined by president biden. the most important thing is free in the back right now no matter what. reporter: at ten netanyahu insisting he has not been pressured to dismiss the deal by members of his own extreme right-wing coalition. after two ultranationalist leaders threatened to quit and topple his government for the plan. saying, the goals of the board, chief among them is the elimination of hamas. as the missouri across gaza only deepens according to health ....

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MSNBC Velshi June 4, 2024 14:17:00

Coming out of this jury. count 31, guilty. count 32, guilty. count 33, 34, guilty. that is donald j trump, defendant in york versus donald trump found guilty on all 34 felony counts. that is the verdict here in this case. last thursday was an historic day, the first time any american president has been convicted of a crime. donald trump was found guilty on all 34 felony charges in the new york hush money cover case but we can forget this isn t the only loss the disgraced former president has suffered in court in recent years. in fact he s on somewhat of a losing streak. let s take a look. december of 2022, new york jarvie convicted the trump organization on 17 charges of tax fraud stemming from off the books payments and gifts for executives. the company was it with the maximum fine of $1.6 million ....

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BBCNEWS Business Today June 4, 2024 23:37:00

Might be striking us at a very bad moment. as being the smaller country in that with these much bigger powers, how do you navigate that? ., , ., , that? for us, for democracies, it s important that? for us, for democracies, it s important to that? for us, for democracies, it s important to become - it s important to become resilient. it doesn t mean that we won t trade it, it doesn t mean we won t have interaction, but it means that we should also be resilient in those processes, not taking to high risks that might become our problem, orwe risks that might become our problem, or we will have to make choices that we do not want to make. turning to the oil industry members of the 0pec+ cartel have agreed to extend most of its production cuts to 2025. the cuts, which were first agreed in december, were due to expire at the end of this month. meanwhile, a private survey released in the coming hours will shed some light on how the chinese economy is doing. factory activity in the worl ....

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