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Crude is down some 20 this year, despite opecs attempt to prop it up. And it could have further to go. Plus. On edge over brexit germanys industrial giants fear for the future of their multi billion dollar uk market. We report from the Port City Of Bremen. Welcome to World Business report. I am rachel horne. We also have the story on the excessive borrowing by chinas biggest companies. We start with the price of oil, because, once again, despite the best efforts of the Oil Producing nations to prop it up, it is on the slide. Lets show you whats been happening. This week the talks all been abou...

For president biden's decision to ban russian oil imports, gop leaders who are eager to take back the house and senate this fall are also trying to capitalize by blaming the administration for the resulting surge in gas prices. somehow biden isn't doing enough to open up domestic oil production but in fact the administration has ratcheted up pressure on u.s. shell producers. according to the financial times, those producers are being told to, quote, do whatever it takes. the state coordinator for energy affairs said this, it's not a u.s. government problem. if there's a bottleneck, it's on wal...

They have to give money back to the central bank. these are things i saw when i was there in the '90s. >> i want to ask about another story that broke yesterday. read in the "financial times," of course you've heard congressional republicans talking about supporting biden's decision to ban russian oil imports. but they're also wanting to take back the house and senate this fall. they're trying to capitalize on the situation by saying the administration is at fault for the rising gas prices. some are arguing that biden is not doing enough to open up domestic oil production. in fact, the adminis...

11.3 million currently, there has been a huge recovery and demand and a global recovery in the economics, but mostly here in the u.s. no recovery in the oil production, why is that? because texas oil producers, the shell producers, the crackers, the independent guys are completely chilled out, you might even say freaked out, because you have an administration that basically wants to end their business, they don't want to sink more costs in and if the green new deal was not scary enough, no xl pipeline, no and wire drilling, no dakota access line, no nothing. >> sandra: no keystone. >> here is ...