Now playing Next Business Series OPEC: After the latest acrimonious meeting, where now for oil prices?
Now playing Next Economy Saudi Arabia unfazed as OPEC set to keep oil output high OPEC members have been meeting in Vienna with the oil producers’ organisation widely expected to do nothing to tackle one of the worst crude gluts in 04/12/2015
Now playing Next Economy Saudi Arabia hints it may back oil output cut - if others do too Are there more signs of a chink in the Saudi armour over oil production? OPEC’s effective leader has been softening its stance against cutting 03/12/2015
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 Business Series Middle East markets feel blowback from Paris and global fears In this edition of Business Middle East we focus on the recent movements in the oil and stock markets. Due to conflicting global economic figures and 17/11/2015
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 Economy IEA warns low oil prices may threaten energy security The International Energy Agency (IEA) says the price of oil is unlikely to return to $80 a barrel (74.83 euros) before the end of the decade. This is 10/11/2015
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 Economy Arctic withdrawal pushes Royal Dutch Shell into loss Royal Dutch Shell has reported a pre-tax loss of $9.1 billion (8.3 billion euros) in the third quarter, largely due to the cost of shelving several 29/10/2015
Now playing Next Economy BP to tighten belt further as oil price slump hits profits BP has announced a third round of spending cuts and more asset sales to offset an extended period of low oil prices, following a slump in 27/10/2015
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 Iraq Iraq: government forces and Shiite militia retake Beiji oil refinery Iraqi forces and Shiite militia fighters have recaptured most of the country’s largest oil refinery from the group calling itself Islamic State. The 15/10/2015
Now playing Next Economy Cheaper oil prompts US consumer price fall The falling oil price saw US consumer prices drop in September by their biggest amount in eight months – but underlying price pressures were up 15/10/2015
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 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 target Kazenergy Forum: how to cope with the oil price slump? Over the past year the global energy sector has been profoundly shaken. Oil prices have more than halved to below $50 per barrel, under pressure from 02/10/2015
Now playing Next Business Series Uncertainty over QE perturbs global markets Global markets endured turbulent times last week amid uncertainty about monetary easing policies in the eurozone and Japan. ECB chief Mario Draghi 29/09/2015
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