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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 october this year. that was a surprise to many, who thought all three sets of production cuts would be phased out. but saudi did make it clear that whether or not they would actually go ahead and allow
dr. moren's actions regard eco health or his emails. it is important to point out for the record that despite his title and helpful to me in writing scientific paper dr. morens was not an advisor to me on institute policy or other substantive issues. at niaid we had weekly executive committee meetings of the institute leadership and daily morning meetings of my immediate staff. to the best of my recollection, he attended neither of these. furthermore, his office is located in a different building from that of the niaid director. finally, in a majority staff memorandum of may 22, 2024, there is a statement quote, dr. fauci may have conducted official business by a personal email, unquote. let me state for the record that to the best of my knowledge i
after _ invitation to the voters, who are, after all. — invitation to the voters, who are, after all, the most important people in this— after all, the most important people in this election, to say what they are interested in, what themes are important — are interested in, what themes are important to them. perhaps things like we _ important to them. perhaps things like we just heard about that politicians may not be talking about — politicians may not be talking about. we want to head those subjects — about. we want to head those subjects and issues, and we want to hear where — subjects and issues, and we want to hear where those issues are big for people _ hear where those issues are big for people. then, we can look into those — people. then, we can look into those. now, then, i know that we talk about— those. now, then, i know that we talk about the twists and turns of financial— talk about the twists and turns of financial matters of the cost of living — financial matters of the cost of living we _ financial matters of the cost of living. we had the discussion of what _ living. we had the discussion of what is — living. we had the discussion of what is happening in the midlands, in nottingham, leicester, derby, but we are— in nottingham, leicester, derby, but we are open— in nottingham, leicester, derby, but we are open to all subjects. we have a team _ we are open to all subjects. we have a team looking at all of these. hopefully, it will help tell some of your stories. hopefully, it will help tell some of your stories-— hopefully, it will help tell some of your stories. that is what i wanted to ask: how _ your stories. that is what i wanted to ask: how will _ your stories. that is what i wanted to ask: how will this _ your stories. that is what i wanted to ask: how will this change - your stories. that is what i wanted to ask: how will this change what i your stories. that is what i wanted i to ask: how will this change what we do? how does it inform how the bbc reports on a selection? it do? how does it inform how the bbc reports on a selection?— reports on a selection? it will influence _ reports on a selection? it will influence our— reports on a selection? it will influence our coverage. - reports on a selection? it will influence our coverage. it - reports on a selection? it willj influence our coverage. it will reports on a selection? it will. influence our coverage. it will be on about— influence our coverage. it will be on about what people are telling us. there _ on about what people are telling us. there is— on about what people are telling us. there is obviously a host of ways in
i mean, certainly their- advertising spend is maybe not even a quarter of what labour have done so far. _ but, you know, they'rel still significant amounts of money and i think we're going to see both parties i absolutely breeze past - what they did last time fairly quickly in the campaign. and, just, have we got any evidence? i mean, sean, who we werejust speaking to, clearly thinks they do work, but have we got any evidence that micro—targeted digital campaigns actually work? i mean, presumably they wouldn't be spending all this money if they didn't think they did. yeah, i think there's| a few...there's a few reasons for this. i mean, part of this isjust- you have all of these channels available and all of these . audiences available to you, there is just a sort _ of mutually assured destruction logic to political campaigning, which is, you know, _ there is no tomorrow, - we have a budget, we have to spend it, we have. to reach people, and, you know, we'll see - what the other guys are doing and we'll try and match it. and back and forward we go. so i think there's some of that. - ithink, you know, there is evidence from various places over time where, you know, for example, | it's a while ago now, i but the 2015 campaign, for example, the tories targeted a lot of lib -
to what they did in 2019. erm, the conservatives - are a bit slower off the mark. i mean, certainly their- advertising spend is maybe not even a quarter of what labour have done so far. _ but, you know, they'rel still significant amounts of money and i think we're going to see both parties i absolutely breeze past - what they did last time fairly quickly in the campaign. and, just, have we got any evidence? i mean, sean, who we werejust speaking to, clearly thinks they do work, but have we got any evidence that micro—targeted digital campaigns actually work? i mean, presumably they wouldn't be spending all this money if they didn't think they did. yeah, i think there's| a few...there's a few reasons for this. i mean, part of this isjust- you have all of these channels available and all of these . audiences available to you, there is just a sort _ of mutually assured destruction logic to political campaigning, which is, you know, _ there is no tomorrow, - we have a budget, we have to spend it, we have. to reach people, and, you know, we'll see - what the other guys are doing and we'll try and match it. and back and forward we go. so i think there's some of that. - ithink, you know, there is evidence from various places over time where,
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