BBCNEWS Business Briefing July 14, 2024
Hello and welcome. Opec members are meeting in vienna today to consider whether to extend production cuts to try to prop up prices. But deals being made on the sidelines with non opec members are already making headlines. Saudi arabia and russia, a non opec member, have already come out to endorse a policy aimed at pushing up the price of crude oil as the world faces a weakened economy. Many Analysts Expect the group to roll over supply cuts of more than one Million Barrels per day until the end of the year. But the outlook for oil demand is murky at the moment. The ongoing trade war between t...