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OPEC+ cuts daily production target

OPEC+ has decided to cut production by 2 million barrels per day

OPEC+, the alliance of oil-exporting countries has agreed its deepest cuts to oil production for more than two years, despite pressure from the US to increase production. Opec Secretary General, Haitham Al Ghais says the move is not a political act. But what are the implications? The founder and CEO of consultancy firm Crystol Energy, Carole Nakhle tells us.

We hear from one of the non-Opec oil-producing nations, in Africa. Amma Boateng, is the Managing Director of Destra Energy in Ghana, a business supporting oil companies with projects there.

Head of US Equity at Exchange Capital Resources in Chicago, Susan Schmidt explains how all of this affected the markets today.

We talk about tensions in Lebanon rising, as people struggle to withdraw money from their local banks. Diana Menhem is Managing Director of Kulluna Irada, a pressure group that works towards political reform in Lebanon.

In Mexico, vulnerable younger citizens are falling prey to a new trend - mobile apps offering rapid and easy loans. But just how easy are these loans? The Βι¶ΉΤΌΕΔ's Stefania Gozzer hears from one of these borrowers.

Tech giant, Google has just announced a plan to set up anew cloud region in South Africa - the very first on the African continent. Our West Africa business reporter Nkechi Ogbonna describes how big an investment this is.(Picture: The logo of the OPEC at the OPEC headquarters in Vienna, Austria. Credit: Getty Images.)

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27 minutes

Last on

Wed 5 Oct 2022 22:32GMT

Broadcast

  • Wed 5 Oct 2022 22:32GMT