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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 ....
that while milei came to power on a chinese sceptic platform, he also came to power on a pro business platform, and one of argentina s most important business sectors creating the largest number of exports, creating the largest amount of dollars is agriculture. and where do those crops go? brazil, the eu and china. there s simply no practical way to cut ties with any of argentina s trading partners any more than brazil or chile or any of its south american neighbours can do. what do you see happening now that he is in office? well, if you d like to think about an example that might repeat itself, just look to the north, in brazil. when president bolsonaro took power in 2019, he also came to power on a china sceptic, pro business platform, and while official lending paused during his time, trade and investment continued to grow to record levels. i would expect to see exactly the same thing happen in argentina. between trade and agriculture and investment in lithium, ....
Full well if ukraine cannot get as much out of the western border it can limit for example through delayed inspections are much will get through the bosporus as well through the green corridor. so bosporus as well through the green corridor. green corridor. so you think the ban on green corridor. so you think the ban on ukrainian - green corridor. so you think the ban on ukrainian trade | the ban on ukrainian trade flows will be reinstated today? i think right now the band as it is is on the import of grain into those country so in theory the grain can move through those countries and gets exported further up the reality also, the caveat is a cannot pile up at the ports of those european countries and considering that harvest is coming up for the same eastern european countries like poland, they have wheat harvests coming up they have wheat harvests coming up and after that they follow on with corn and they need to deal with that before they even deal with that before they even deal ....