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Business Matters: OPEC+ slashes production by two million barrels a day

OPEC+ slashes production by two million barrels a day

06/10/2022 GMT

BBC World Service - Business Matters, OPEC+ slashes production by two million barrels a day

The world's major oil exporters have decided to cut production to boost oil prices.

Members of OPEC+ have agreed to cut down production by two million barrels a day. A move the Opec Secretary General, Haitham Al Ghais, says is geared towards stabilising the oil market. But how much of stability can it provide? The founder and CEO of consultancy firm Crystol Energy, Carole Nakhle, tells us what she thinks.

People in Lebanon are struggling to withdraw money from their local banks due to strict withdrawal limits. An economist and Director of Kulluna Irada, a pressure group that works towards political reform in Lebenon Diana Menhem, talks us through the situation.

Vulnerable young citizens in Mexico are falling prey to a new trend of mobile apps offering rapid and easy loans. Daniel Alonso Viña, a business reporter for the newspaper El Pais in Mexico City explains.

The BBC'S David Reid finds out why a campaign is on to lure the humble backpacker back into Australia.

Should you eat meals at a set time every day? Dr Emily Manoogian is one of the authors of a study about the impact of this on the health and wellbeing of shift workers in particular. She tells us what she found.


Colin Peacock, from Radio New Zealand in Wellington joins us throughout the programme.


(Picture: The logo of the OPEC at the OPEC headquarters in Vienna, Austria. Credit: Getty Images.)

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