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Transcripts For BBCNEWS World 20240705

hello, i m sally bundock, here with your top business stories. let s start with oil, because crude prices have risen some 2% after saudi arabia and opec plus countries announced they would be cutting production to stabilise oil prices. saudi arabia said it would make cuts of one million barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around a0 % 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. joining me now from vienna is cornelia meyer, who s the ceo of meyer resources. always lovely to see you. talk to us about these announcements. were you expecting these new cuts to come? i expecting these new cuts to come? . , , . ., come? i was expecting them and ou come? i was expecting them and you know. come? i was expecting them and ....

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Transcripts for BBCNEWS World Business Report 20240604 04:33:00

Of what s going on for a little bit of a longer time.- bit of a longer time. talk us throu~h bit of a longer time. talk us through the bit of a longer time. talk us through the relationship - bit of a longer time. talk us i through the relationship within 0pec plus because this was a very fractious meeting, wasn t it? it very fractious meeting, wasn t it? ., , ., ., very fractious meeting, wasn t it? c, a, it? it was not an easy meeting because essentially, it? it was not an easy meeting because essentially, it - it? it was not an easy meeting because essentially, it was - it? it was not an easy meeting because essentially, it was a l because essentially, it was a coming tojesus, coming to terms type of thing when you look at the quotas and what was actually produced, if you take the igis plants movement numbers, they missed the quotas, the group as a whole, by about 2.5 million barrels a day. so some countries had really been lagging in what they were doing with the quote. so, at ....

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Transcripts for BBCNEWS World Business Report 20240604 04:49:00

Previous meeting last year of a target of net zero x 2050, what iata has done as a precursor to the meeting today as lay out a roadmap of how to get there, the industry is working hard, especially to change use of fuel so it has sustainable aviation fuel instead of the kerosene used today which will reduce emissions enormously but there is not enough supply and supply that is available is very high priced, iata would like to see industry partners and governments play the role, we see in the usa investment to get more production and get reasonable pricing, the maybe with the point there is a point that all partners have to do their part and we see engine manufacturers and aircraft manufacturers and aircraft manufacturers doing the same investment in new technology and government supports. {lilia and government supports. ok, john, good and government supports. ok, john, good to and government supports. ok, john, good to see and government supports. 0k, john, good to see you, thank ....

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Transcripts for BBCNEWS World Business Report 20240604 04:46:00

Whatever the weather. become here all the time, we love - here all the time, we love walking through the dragonfly garden. ﬁr walking through the dragonfly carden. ., , ., , ., garden. or more stories from across the garden. or more stories from across the uk, garden. or more stories from across the uk, to garden. or more stories from across the uk, to the - garden. or more stories from across the uk, to the bbc - across the uk, to the bbc website. you re live with bbc news. leaders of the global aviation industry are gathering in istanbul today, for the international air transport association annual general meeting and world air transport summit. according to iata, overall global traffic is now less than 10% down on 2019 levels. but issues in the industry remain, with how strike action is affecting airlines and millions of passengers. also high on the agenda, is ensuring the industry evolves and reaches its 2050 net zero target. we re nowjoined by john strickland, who s an air ....

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