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World Business Report: First broadcast 05/10/2022 14:32 GMT : OPEC+ votes to cut oil production

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OPEC+ votes to cut oil production

First broadcast 05/10/2022 14:32 GMT 

First broadcast 05/10/2022 14:32 GMT : OPEC+ votes to cut oil production

BBC World Service - World Business Report, OPEC+ votes to cut oil production

Some of the world's largest oil producers have voted to reduce global supplies.

Oil producing nations have voted to cut supply by 2 million barrels per day, the equivalent of around 2% of global oil demand.

Some of the world's largest oil producers have voted to reduce supply by 2 million barrels day, around 2% of global oil demand. We speak to the BBC's Middle East Correspondent Sameer Hashmi about the biggest cut to supplies since 2020.

We get the latest on Elon Musk's takeover of Twitter from former Vice President of the company Bruce Daisley. It follows the billionaire signalling that he will finally go ahead with his takeover of the social media firm.

We hear from Lebanon where banks were closed indefinitely following hold ups by desperate people demanding their own savings. Former Lebanese diplomat Georges Siam speaks to us about his experience occupying a bank to try to remove his money.

Stefania Gozzer brings us the story of borrowers in Mexico being defrauded after taking out loans on illegal mobile apps.

Marking 60 years of James Bond, we speak to Adrian Hume-Sayer from Christie's, the famous British auction house, where memorabilia from the franchise is being sold for charity.

Photo by HENRY CHIRINOS/EPA-EFE/REX/Shutterstock (13271362a)
An oil extraction beam in Lake Maracaibo, in Maracaibo, Venezuela, 17 August 2022 (Issued 25 August 2022).

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First broadcast 05/10/2022 14:32 GMT : OPEC+ votes to cut oil production

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