Other

BBC World Service News Internet

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service Europe and the Middle East

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service Australasia

BBC World Service

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service South Asia

BBC World Service Online

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service East Asia

World Business Report: First broadcast 03/04/2023 21:32 GMT : US Reaction to OPEC Oil Production Cut

Bulletins

US Reaction to OPEC Oil Production Cut

First broadcast 03/04/2023 21:32 GMT 

First broadcast 03/04/2023 21:32 GMT : US Reaction to OPEC Oil Production Cut

BBC World Service - World Business Report, US Reaction to OPEC Oil Production Cut

US reaction as oil prices surge after large exporters cut production.

Oil prices surge after major exporters announced a cut in production. The US had been calling for an increase in production. We gauge reaction from US producers.

Oil prices have surged after several of the world’s largest exporters announced a cut in production.Saudi Arabia, Iraq and several Gulf states announced they were cutting output by more than a million barrels of oil a day. Also, Russia said it will extend its cut of half a million barrels per day until the end of the year. The price of Brent has risen by almost 6% as a result to around $85 a barrel.
The cutback in production caught the rest of the world by surprise – not least in the US, which had been calling for an increase. Today oil producers in the US have been giving their reaction.  
Also – we look at 50 years of the barcode…technology which transformed the global supply chain.

Accessibility links

Programme Index

World Business Report

First broadcast 03/04/2023 21:32 GMT : US Reaction to OPEC Oil Production Cut

Genres

Formats

Brand

BBC World Service News Internet

About BBC World Service