Now playing Next Economy OPEC 'set to keep pumping oil' despite global glut OPEC is determined to keep pumping oil despite the financial consequences on the policy’s main architect Saudi Arabia, according to Reuters. The news 25/11/2015
Now playing Next Economy Metal prices plunge amid concern over Chinese economy Metal prices have tumbled to their lowest levels for years as commodities bore the brunt of another sell-off. It reflects growing worries over 23/11/2015
Now playing Next Economy IEA says oil glut could worsen through 2016 The International Energy Agency has estimated that slowing demand growth – as well as resilient non-OPEC supply – could worsen the oil surplus well 13/11/2015
Now playing Next Business Series No hurry to hike: pessimism from BoE on rates and OPEC on oil The Bank of England met on what was dubbed “Super Thursday” on hopes that Bank Governor Mark Carney would have something positive to say on interest 10/11/2015
Now playing Next Iraq Cholera spreads from Iraq to Syria, Kuwait, Bahrain A cholera outbreak in Iraq has spread to neighbouring Syria, Kuwait and Bahrain, and risks turning into a region-wide epidemic as millions of 06/11/2015
Now playing Next Economy Oil producers meet amid little hope of agreement The price of oil fell again ahead of a meeting on Wednesday of OPEC and non-OPEC producers in Vienna. Reuters reports that of eight non-member 21/10/2015
Now playing Next Economy Iran vows to reach pre-sanctions oil output Iran says it wants OPEC countries to cut oil output to boost prices – but intends to increase its own production once international sanctions are 19/10/2015
Now playing Next Economy Global oil oversupply to persist in 2016, says IEA The global oversupply of oil will persist through next year, according to the International Energy Agency, as growth in demand slows and 13/10/2015
Now playing Next Economy AB InBev and SABMiller agree takeover deal to create new beer giant If at first you don’t succeed, try try again. After being rebuffed several times in its bid to take over SABMiller, brewing giant AB InBev’s 13/10/2015
Now playing Next Business Series Investors turn to precious metals as safe havens Welcome to Business Middle East. This week we are taking a look at commodity prices. There is a ray of hope for the price of oil and precious metals 13/10/2015
Now playing Next Economy Russia 'ready to meet' other oil producers over market trouble The price of oil rose on Monday after Russia – one of the world’s top three producers – said it was ready to meet others to discuss the market. Brent 05/10/2015
Now playing Next Economy OPEC predicts higher demand for its crude oil OPEC has predicted a higher demand for its crude oil next year, cutting its forecast of supplies from non-member countries. It is sticking to its 14/09/2015
Now playing Next Economy Goldman Sachs says oil prices could fall to $20 a barrel The price of oil could tumble even further to a low of $20 (17.73 euros) a barrel – that’s the warning from Goldman Sachs in a report published on 11/09/2015
Now playing Next Economy Oil down again, UK North Sea job losses total 5,500 Oil markets were down again on Monday amid continued fears over the fall in prices, the glut in global supply, and a slowdown in demand in China. The 07/09/2015
Now playing Next Economy Where is the oil price going? An expert comments Volatility in the world markets has extended into oil, which has seen big price fluctuations over the past week, but remains on an overall downward 03/09/2015
Now playing Next Markets Oil price slump resumes as traders see slowdown compound glut At the moment it seems to make more economic sense to store petrol rather than sell it, hoping for a price rise. But that looks unlikely as it is on 01/09/2015
Now playing Next Business Series Global markets hit turbulence amid mounting fears of China slowdown In this edition of Business Middle East, we analyse the turbulence engulfing global markets. Signs of an economic slowdown in China are stacking up 25/08/2015