that's a big pull of oil demand for opec+. diesel is a big transport fuel as long distance trucking and buses gets the chance to be electrified. they are watching that, but opec+ members want to go ahead with the transmission. for them, that's a transition that includes continued use of fossil fuel for even decades to come. we are seeing those two things come together. at the short term, we're not seeing announcements of cuts by opec having real impact on the market. it's because of that messaging, the market not knowing who is going to cut what and whether they will stick to their targets that's why we see that reaction. lizzy: bloomberg's anthony di paola, thank you. now let's get back to the fed and the latest eco-data. we had the latest numbers yesterday showing that u.s. consumer spending and inflation, and the labor market growth have all cooled in recent weeks adding to evidence that the u.s. economy is slowing. let's go to our blue bird markets live executive editor, mark cudmore, for more. what do you make of these nu

brazil joining opec is a positive for the group. they see this as a way to essentially continue to build on influence when it comes to market management and market share. brazil is a large producer compared to some of the other major players reason opec, more than 3 million barrels contributing to the group overall. so this is going to be quite a significant development, of course, the timeline of brazil's addition remains to be seen. we've seen reports that this could happen as soon as next year, but of course exactly how this is going to be hammered out within the group, and what brazil's involvement is going to look like, all key questions at this point, but from the conversations that i've been having with opec senior leadership about this is that they -- the message from them is that they are very optimistic, they see this as perhaps a stamp of validation for opec so far and leadership -- and also underscores that major decision for brazil to be joining the ranks of some of the world's largest oil producers here when it comes t

to independently verify but we haven't heard any response from opec either. make of them? i was really rather _ what do you make of them? i was really rather surprised. _ what do you make of them? i was really rather surprised. it - what do you make of them? i was really rather surprised. it sounds like they— really rather surprised. it sounds like they kind of panicked and some and the _ like they kind of panicked and some and the letter gave the suggestion that they— and the letter gave the suggestion that they thought they were losing the battle for opinion over this possibility all the suggestion we should _ possibility all the suggestion we should be phasing out or phasing down _ should be phasing out or phasing down fossil fuels and the fact that they wrote to their members saying in categorical terms, do not allow this agenda item to go through, i think— this agenda item to go through, i think that — this agenda item to go through, i think that is an indication of how they— think that is an indication of how they are — think that is an indication of ho

integrate refugees from ukraine into german society. 30 trillion. rubles of additional income, the opeclus deal to reduce oil production brought more money to the russian budget than the west froze. the cherished dreams of children who especially need support, the tree of wishes continues with a big new year's holiday in ingushetia for children whose fathers are fighting on the front line. and first, the urgent news that just arrived was that the russian army had completely liberated marinka. about this today to vladimir the head of the ministry of defense sergei reported to putin. the battles for the city went on for a long time, especially fierce since july of this year, the enemy turned marinka into one continuous fortified area, understanding its enormous strategic importance, however , gradually, step by step, our heroes cleared every house, every street, the russian flag was already installed on the western outskirts , and most importantly , they managed to move the front line away from donetsk, because ukrainian militants hit civilians in donbass, including from marinka. to this

when i listen to the smaller islands in my ear and in my heart, and i hear about this opec letter, i'mply concerned about it. scientists have revealed the remains of a dinosaur that has its last meal fossilised inside its body. the young tyrannosaur — called a gorgosaurus — had eaten the hind legs of two baby dinosaurs shortly before it died 75 million years ago. hello, i'm lewis vaughanjones. a senior un official has warned that half of population of gaza are now starving, as israel continues its assault on the territory. the world food programme's deputy director, carl skau, says nine out of ten people are not eating every day. israeli tanks are reported to be advancing slowly towards the centre of khan younis, as intense battles continue in southern gaza. there are reports of house—to—house fighting in the city. it comes amid fierce criticism of the us, for vetoing a united nations security council draft resolution calling for an immediate humanitarian ceasefire in the israel—gaza war. the palestinian president mahmoud abbas says the veto makes the us complicit in what he describes

vandana herri, one of the international oil market analysts, said: opec plus.seems that the oil market is under continuous downward pressure from the recent opec+ decision, and this further reduction in production is somewhat justified , but the market has completely ignored this trend. last week, oil prices fell by more than two percent due to investors' pessimism regarding the reduction in opec oil production. in their online meeting last thursday, opec members requested production of 2.2 million barrels they agreed on the beginning of 2024. international analysts believe that the resumption of the zionist regime's attack on gaza is in the focus of investors' attention, and the continuation of the war in gaza is a stimulus for the increase in oil prices. at the same time, the western countries intensified the pressure to monitor the price ceiling mechanism of 60 dollars per barrel for russian oil that is transported by sea, which can cause volatility in the market . mohammadli of the radio and television news agency. the spokesperson of the electricity indust

just yesterday getting opec drama with angola leaving opec. we will get into that one.isa: especially given that this has the backdrop of the united states production which is going gangbusters despite what the administration is deciding not to talk about. i want to dovetail that into industrial policy into 2024. kim wallace of -- head of washington research joining us for the holiday party and spirit and thank you for being with us. kim: happy to be here. lisa: i know that you put out in outlook of what to expect and i want to start with industrial policy hinging off the latest news of u.s. steel and some of the administration pushback to a japanese conglomerate purchasing the largest steelmaker in the country. kim: there is a lot of analysis that will go into the ultimate reaction from the administration. the committee of foreign investment will investigate. the -- this does not imply disruption to the production of steel in the u.s.. it provides is to combine no dust globally number four and number 27. the first question is the global market and will you review the d

the mrkarket is questioning the opec put.u question this, it inspires the momentum traders to press their shorts. the traditional hedge fund players have taken a knee for the year. they are winding down the clock. they are not necessarily putting on big bets. there is not a lot of descriptfriction to the downside. >> peter, the hedge fund players who are taking the losses now and sitting on the sidelines. what does that mean for energy stocks? energy companies have been feeling the pinch, but not so much with exxon and chevron. >> for sure this is going to hurt cash flow. on the upside, oil stocks did not keep up with the commodity. there has always been a certain amount of skepticism in equity markets around the oil price when they were good. point to the storage before this with chef ravron increasing cap. that is due to the u.s. excess inventory. they announced yesterday they have permian production up 8%. exxon volume in the u.s. has been declining for five quarters. you have the bigger companies who control u.s. oil prod

oil prices fell in the asian markets on monday following the recent opec+ decision and uncertainties about the growth of global demand for oil. of course, analysts believe that the continuation of political tensions and the war in gaza can be a stimulus for the increase in oil prices. price. oil fell in the asian market trading on monday following the recent opec+ production agreement and uncertainty about the growth of global demand for oil . the trading price of brand oil decreased by 49 cents to 78 dollars and 39 cents per barrel. the price of american crude oil fell below 74 dollars and is traded at 73 dollars and 60 cents per barrel. one of the international analysts of the oil market said: it seems that the oil market is under continuous downward pressure from the recent decision of opec+. and this further reduction in production is somewhat justified, but the market has completely ignored this process. last week, oil prices fell by more than 2% due to investors' pessimism regarding opec+ oil production reduction. last thursday, opec members agreed in their online meeting for t

today, as a result of the opec plus negotiations, a number of important decisions were made: firstly,been confirmed, let me remind you that this is a total reduction in oil production by 1,660,000 barrels per day by all members of the alliance. in addition, there are also additional voluntary reductions. this time the total is more than 2 million barrels per day, and for the first time. next year, saudi arabia will take on a million barrels and extend the restrictions that were discussed earlier, and russia will take on another 500,000 barrels; this is precisely the decrease in supplies to the market that will occur with our side. deputy prime minister alexander novak spoke about this in more detail in an exclusive interview with russia-24. additional decisions were made by other countries on voluntary reductions in the amount of more than 2 million barrels per day. saudi arabia first confirmed for the first quarter. next year that it will maintain a voluntary reduction of 1 million barrels per day, russia will increase the reduction in exports, which for us voluntarily amounted to an

and if a really the opec countries were to go ahead with this position and refuse any mention about a fossil fuel phase out in the agreements here, that would really blow up the negotiations that comp and would also be a problem for countries worldwide. and wanting to reach their climate goals. julia day of global protests, a plan. what sort of like does that shine on negotiate as well, active as climate active as world wide or definitely worried about this new developments, the oil producing countries really pushing back against a fossil fuel phase out where there are also other issues that they're not really happy about here at the negotiations, for example, they say that a rich developed countries are not contributing enough money to a funds to help poor countries that are bearing the brunt of the consequences of climate change. to compensate to the loss and damages arrived from a climate change. and they also say there hadn't been enough efforts put into a countries possibly adapting to the consequences of climate change that they're already seeing today to me. so daily. thank you

opec plus, but of course many other countries are doing the same. russia fulfills its obligations in full, we have always been committed to this position, and other countries too , saudi arabia, first of all, as the largest exporter, and those obligations that it has undertaken are fulfilled in full, the countries that have taken voluntary obligations are fulfilled, therefore we believe that the cooperation that has existed for several years, and it... let's say, stimulates, within the framework of partnership, ensures the fulfillment of obligations in full. according to tradition in at the end of each meeting, the delegates agree on when they will meet next time, now we are talking about june 1 , 2024, already in person in vienna in austria. alexander suborova, victor prikhodsko and pavel varbuzov, lead. more than 300 billion rubles were prevented from being put into shadow circulation by russian financial intelligence. the head reported to the president on the results of the year’s work. monitoring, yuri chikhanchin. in general, he called the acti

opec is currently monitoring supply and demand. how resilient the global economy will be in the face of high oil prices. and if you look at high demand in the usa and china, it seems to me that they may come to the conclusion that the world economy can easily digest prices above $90 per barrel. and on the supply side , they see how much u.s. offshore oil production could increase if old prices continue. and of course, they take into account the increase in supplies from venezuela, from which they were withdrawn. the alliance member countries also confirmed the terms of the summer deal, according to which the production level for angola, congo and nigeria will be changed next year. in addition, from january 1 to the organization brazil will officially join. currently , production in the country is growing at approximately 3.7 million barrels per day. in the coming year, experts predict another plus of 4-5%. and although the country will enter the alliance without a specific production quota for now, the entry itself, analysts say, w

presidential secretary dmitry peskov is interested in continuing to work in the opec plus format, thentribution to stabilizing energy markets and maintaining prices for main energy resources at a balanced level. the next meeting at the ministerial level of opec plus countries is due to take place on june 1 , 2024. yes maria, thank you, maria slobodyanskaya assessed the market reaction to opec’s decision to reduce oil production. well and we will return again to the first topic of the hour, at the big one. we have been working with vladimir georgivich for many years, we have been working together with valeriyich for many years, we have a lot of joint experience , many tours behind us, many joint festivals, complex international events, all this will not stop, and of course, will continue. the main task for the very near future, jointly with the ministry of culture, is to create. all the conditions for this smooth transition to be undisturbed, thank you very much, we are here, big plans for the bolshoi theater, big plans for the marinsky theater, and the ministry of culture will provide

while opec and its allies have agreed to deepen output cuts to balance the market, the non-opec supplierse prices lower. you have a major bearish factor that continues to weigh on the market at this point. haidi: meanwhile, russia says opec+, can go further. looks like putin himself is getting involved. su: deputy prime minister alexander novak of russia saying opec+ can go further with cats is needed. he will be joining vladimir putin this week on a visit to the united arab emirates. that is putin there just over a year and half ago visiting the president of the uae, and also saudi arabia at this overseas trip, which is rare for the russian leader especially since the invasion of ukraine. he is expected to bolster partnerships among the key members of the opec cartel. back to youm bloomberg's su keenan there. rio tinto will spend about $6 million on the ve lament of a project in guinea, and expect its first production from 2025. for more, or bloomberg commodities reporter joins us now from melbourne. why are they pursuing this project, and what are the challenges? sybilla: big announceme

, , opec are now dominating the agenda ofthe da ?he agenda oftheda ? ,, ., i, ,, of the day? this is really bubbling under the surface _ of the day? this is really bubbling under the surface and _ of the day? this is really bubbling under the surface and is - of the day? this is really bubbling under the surface and is a - of the day? this is really bubbling under the surface and is a big - of the day? this is really bubbling l under the surface and is a big point of discussion here at cop 28 and it's likely a reaction, some people say, to the growing momentum and calls for a phase—out of fossil fuels and to have that included in the final language of the final agreement at the end of this week. there are more than a hundred countries that support that, more than half of the countries involved. analysts were telling me on behalf of the oil nations that this could be a turning point for the future of oil and gas and there is trouble for the economies and we have some reaction from our climate envoy, jennifer morgan. i think we're seei

opec has been heavily criticised at the cop climate negotiations in dubai, after calling on its members to resist any reference to phasing out fossil fuels. when i listen to the smaller islands in my ear and in my heart, and i hear about this opec letter, i'm deeply concerned about it. hello, i'm lewis vaughanjones. a senior un official has warned that half of population of gaza are now starving, as israel continues its assault on the territory. the world food programme's deputy director, carl skau, says nine out of ten people are not eating every day. israeli tanks are reported to be advancing slowly towards the centre of khan younis, as intense battles continue in southern gaza. there are reports of house—to—house fighting in the city. it comes amid fierce criticism of the us, for vetoing a united nations security council draft resolution calling for an immediate humanitarian ceasefire in the israel—gaza war. the palestinian president mahmoud abbas says the veto makes the us complicit in what he describes as war crimes against palestinians. in a a statement, he condemns the american p

new maybe part of opec plus starts in january. that co comes with invested. interest rates are high. jim: are. reporter: ne energy prices are up 40% from month that president biden took office that including electricity, 25 percent, the thing that president biden said his transition would reduce. there is no change in energy policy from this president since taken was on office, he is telling his aids to do that transition faster. larry: edward lawrence, dow jones industrial up 530 today. despite the cutback in oil production what do you make of that. reporter: i think that is reflection of federal reserve, market decides that fed will not raise rates this year, there might be one more hike, they think that fed is done raidi -- raising rates and market believes there will be a rate cut next year, but federal reserve indicates that cut may not be there, that is open but market today reacting to that news of the pce inflation. larry: the top line pce inflation number 0.0, whatever the fed because market interest rates, treasury market interest rates, are coming

two, we saw angola leave opec. be more production coming out of angola and coming into the markets. earlier this year we saw that angola was upset with the production cuts that opec had because saudi arabia wants to keep prices higher, around $100 a barrel. other countries are happier with $60 to $70 a barrel. that is why prices are going over. you have the heightened u.s. production but also the potential for more supply coming in from angola. vonnie: angola is tiny in comparison to other countries. it's truly important but where will it sell to now? julia: it's important to note that even though it's a small country people are trying to examine what that means for opec as an organization. javier bloss did a great job in his column to point to the fact that we should be looking at the uae to see if they will do something similar. they have also been upset by the production cuts. while angola is a smaller country, looking at what this might mean for the future of opec is still incredibly important. vonnie: julia, t

and after 16 years of opec membership angola is boeing out of the organization. but the country's top officials, citing a dispute over next years, oil production forgot the rachel rouble live in moscow. you're watching archie international. we start with the latest and does it what the enclave is. hospitals under severe strain and un representative has condemned the idea of the tax on the territories health system, as sadistic is really occupation, forces are sold on goals as health system is taking the most sadistic forms hospitals and medical personnel. a sacred, especially at the time of great destruction, suffering and despair in this senseless war against the people in gaza. palestinian red crescent ambulances are heading to the roof of crossing med reports of casualties due to selling the check point. a warning, distressing images a has the that's as at least 12 palestinians were killed on wednesday in the southern border . city of ross, i'm one of the strikes, flattened, a residential building and nearby mos in a densely populated area and medical faciliti

big cuts from opec but relatively impact on the oil market.on't we see more price support for oil after these pretty dramatic cuts? >> i think that there was a lot of negative sentiment out there in the market to begin with. some were factored in, talking about the cuts from saudi arabia and russia. there was an expectation in the market that saudi arabia and russia would be extending their cuts, so that's the first part of it. then the second part of it, the additional cut offered by the other six states, there are doubts, there is speculation that these cuts could actually come into effect, but there's just one thing i think the market is confusing a little bit. all cuts under opec are called voluntary cuts, even the 2 million barrel per day collective cut. that's called a voluntary cut. when you call them voluntary cut, it doesn't mean they won't happen. we've seen commitments from ministers from all the states that offer these cuts saying that they will remain compliant. one of the key factors here that drove the ministers yesterday to mak

angola quitting opec over a disagreement over quotas.ng a pullback when it comes to u.s. output gains alongside the departure of angola from opec. the risk to ships in the red sea are helping limit losses we are seeing. 73.86 is how new york crude is trading at the moment. basically the only thing markets continue to focus on is this idea of the fed pivot. how much further does this equity rally continue to run as that new data and the expectations of core pc will support this notion of fed cuts coming next year as well. let's bring in our next guest, who is optimistic on equities. vasu menon, managing director of investment strategy, oversea-chinese banking corp., great to have you with us. is your upgrade all about the fed? vasu: largely the fed. we are positive that the fed could cut rates, and the markets are taking that he was well. our view is premised that we will see a mild recession in the u.s.. we do not see a soft landing but a mild recession, but that is fine. the economy will get past that after two quarters. a mild recessio

in the 18th opec meeting which was held online. gabon and iran were elected respectively as the chairman and vice chairman of opec meetings next year. this selection is based on the alphabetical rotation of the countries. simultaneously with this meeting, in the third opec+ meeting , the members agreed to brazil's request to join the opec+ charter from january 1, 2024, equal to 11,402. currently , brazil is the largest oil producer in south america and the main supplier of china's needs, with the production of 3.2 million barrels of crude oil per day. president of islamic azad university said: 36 thousand students this year azad university was attracted to the industry. mr. tehranchi also informed about the modification and elimination of some courses in this university. we divided the majors into four categories, majors that have both educational and social benefits, these are good majors, majors that have academic benefits and not social benefits , these are not few, we have these, change the content , change the method, we offer

opec has released a new report in which it maintains its forecast for oil demand.l increase by almost 2.5 million barrels. per day, in 2024 by 2 more million s4. the market reacted positively, quotes began to rise, however, such estimates run counter to the forecasts of the international energy agency; on the contrary, it reads a decrease in the indicator regarding the alleged slowdown in the growth of the chinese economy; analysts do not agree with this. china acted as a driver of growth throughout the entire twenty-third year, and it’s unclear where mea found some problems and threats there and... in this regard, we see that someone is trying to manipulate the market, forcing prices to decline now, and in many ways this is exactly such a man-made game a reduction that is beneficial primarily to the united states, because they have elections in 2024, and for them the factor of the cost of fuel on the domestic market is very important for the voter. last month, opec production decreased by 57,000 barrels per day compared to october values ​​and reached 27 million.

for her country — and warns russian aggression will �*spread like a virus�* unless the west stops it opecer heavy criticism at the cop climate negotiations in dubai after calling on its members to resist plans to phase out fossil fuels. when i listen to the smaller islands in my ear and in my heart, and i hear about this opec letter, i'm deeply concerned about it. hello. a senior un official has warned that half of population of gaza are now starving, as israel continues its assault on the territory. the world food programme's deputy director, carl skau, says nine out of ten people are not eating every day. israeli tanks are reported to be advancing slowly towards the centre of khan younis, as intense battles continue in southern gaza. there are reports of house—to—house fighting in the city. it comes amid fierce criticism of the us, for vetoing a united nations security council draft resolution calling for an immediate ceasefire in gaza. the palestinian president mahmoud abbas said the veto made the us complicit in what he described as war crimes against palestinians. the us envoy to the

e key players in opec plus uh, new members as well to breaks. now we're looking at this collection of countries from bricks on opec plus is basically being in control now of the majority of the world oil production. now we know that those key players want to keep production level to low to keep the price is higher. but right now the buying whitehouse is a alleviating sanctions on venezuela to flood the market with cheap veneers, with an oil to bring back down the price is just just just give me a, give me an image. if you wouldn't missed a photographer, you hit the, the power play this, this energy call tell whether it's russia, saudi arabia, the you, if you combine these opec plus members with the bricks. how does that affect the global power structure of energy today as well? i believe just uh, the plus a proof to show uh before and now entertaining the stability of the market and defending the interest of both producer of the importers. while america is producing even more, i am right now trying to change this balance and the, even the sectio

now, opec plus has repeatedly cut production. as we said. um, i know the voltage rate reduction announced last week and yet markets of hopefully bunched on that do use either why i'd like to know because it sounds very good on the headline. but typically there's always been seen as a dysfunctional group with the like in your industry. i like a complex give you a couple of different examples of this following the of across needs, which firstly was response abruptly and then it was rescheduled just a couple of days. i think a national was that yes, we're going to extend the production costs us all individual vendors to comply with . this will be announcing the statements that because separately based on dimensions, the results of the most science for lack of utilizing a lack of unclear messaging and instruction. yes. ok. economic costs do controlled as much as 90 percent of oil reserves and 60 percent reduction. and so you get those clear, consistent standardized messages from the group financial market. i do not see as something that we can t

and products that you sent to take on monday is also dead, according to police, and up to 16 years of opec. membership and goal is to bobby, also the organization to the country's top officials, citing a dispute over next year is the oil production quote type the it's just going to attempt pm, hey, it must go. this is all the international with all the very latest world news. these kids have you with us. that's our top story. the latest updates, some garza and past with the enclave hospitals, and the severe strain that you and representative has labeled the i guess the types on the territories health system sophistic is really occupation. forces are sold on goals as health system is taking the most sadistic folds hospitals and medical personnel. a sacred, especially at the time of great destruction, suffering and despair in this senseless war against the people in gaza. palestinian red, crescent ambulances, all heading towards the rough crossing image reports of casualties, the following, shedding into the check point. a quick warning, you may find the following. images disturbing. the cos

now, opec plus has repeatedly caught production. as we said. i know the voltage rate reduction announced last week and yet markets of hopefully bunched on. that is either why i'd like to know because it sounds very good on the headline, but typically it's always been seen as a dysfunctional group or the like in your next thing. i like a complex give you a couple of different examples of this following the of across nation, which firstly was response abruptly and then it was rescheduled just a couple of days. i think a national was that yes, we were going to extend the production costs us all individual vendors to comply with. this will be announcing the statements that because separately based on dimensions, the results of the most science for lack of utilizing a lack of unclear messaging and instruction. yes. ok. economic costs do controlled as much as 90 percent of oil reserves and 60 percent reduction. and so you get those clear, consistent standardized messages from the group financial market. i do not see as something that we can typically

opec-plus cuts can stay in place beyond march.ices but not that much given the losses we have seen on wall street already. haidi: take a look at how that is trickling through to the asian session. broad downside. we are seeing giving back most of the gains particularly when it comes to some of the currency trends that have been rolling through on the back of the weakness in the dollar. that is reversed especially for the aussie dollar by going to the rba decision. equities following the losses on wall street with a pushback against aggressive bets at the fed will be unwinding monetary tightening and the cuts will be imminent going into 2024. there is thinking that is looking over optimistic. we are seeing australia softer and japanese shares slipping and hong kong equity futures trending down as we get to the start of trading on mainland china and hong kong. the yen is seeing a whipsaw session falling short of estimates. still to come, our exclusive interview with the ceo of biologics. ♪ ameritrade is now part of schwab. bringing

than once; ecuador and indonesia actually left opec twice. 4 days of growth in a row. the ruble also fell significantly in price, the dollar at the end of trading was above 92, the euro was more expensive than 101 for the first time since the end of october . analysts explain this by the traditional demand for foreign currency before the new year holidays, as well as today’s transactions currency futures, if you don’t delve into this topic, and even at night, then in short this can be called a technical feature of trading, that is, the effect will most likely be short-lived. well, i think that the current one will not go far, but there is a weakening of the national currency, in general, the levels that we currently see there in the region of 92 for the american currency and 102 for the euro, i think that we will already meet here twenty-fourth year. dmitry polevoy from astro, asset management, reminds that the ruble exchange rate may be affected by the end of the year. preparation of companies for the payment of dividends and other interests

because of course the dfc grew out of opec and opec specialize in political risk insurance. my understanding is that we could be helping a lot of investments and ukraine potentially which will be essential for reconstruction. but there is an impediment right now in terms of the scoring on political risk, is that right? and if you could please talk a little bit about that. >> are absolute right political risk insurance is extremely valuable tool for mobilizing private capitol which is really it's about mobilizing private capitol to address the kinds of issues we have been discussing today. you are also right that political risk insurance particularly fort risk insurance is key to attracting private capitol today in ukraine for obvious reasons. taken that tail risk off the table for potential lenders or investors is critical so they can focus on making the commercial and business analysis and not have to worry about the larger macro or war issues. you also write the tool is somewhat constrained at the moment. i do not want to go too deep on the technicalities of it but it's no

now, opec plus has repeatedly caught production. as we said, i know the voltage rate reduction announced last week and yet markets of hopefully bunched on that to use either why i'd like to know because it sounds very good on the headline. but typically there's always been seen as a dysfunctional group where the like in your next thing, i like a complex give you a couple of different examples of this following the of across nation, which firstly was response abruptly and then it was rescheduled just a couple of days i think a national was that yes, we're going to extend the production costs us all individual vendors to comply with . this will be announcing the statements that because separately based on dimensions, the results of the most science for lack of utilizing a lack of unclear messaging and instruction. yes. ok. economic costs do controlled as much as 90 percent of oil reserves and 60 percent reduction. and so you get those clear, consistent standardized messages from the group financial market. i do not see as something th

each active is to have slammed opec after reports and match that the head of opec roads to members, adding them to refuse any agreement as comp 28. that would see fossil fuels faced out climates campaign is on several countries say that oil caught towels, resistance threatens the front, it didn't opec to focus on transitioning to renewable energy. how do you, if you any union has agreed on legislation to govern the use of artificial intelligence? the deal includes limits on facial recognition and technology and restrictions on using ai to manipulate human behavior. you use this the key to legal framework for a i would include tough burnouts, useful companies breaking the rooms, but will not stifle development of the industrial and view photos. he has of discussions among member states on low mucus columns. we have one objective to deliver and legislation that voted to ensure that the eco system of a i in europe will develop. we'd say human centric approach of respecting fund them into rights and the european values. because this is where it is. some things that is much more, i believe that

now we've seen the president of opec, the group of 13, uh, oil producing countries of the and t, and called directly on its members to refuse any agreements here in due by that calls for the phase out of fossil fuels. so basically stopping the use of fossil fuels like coal oral in gas to power our economies, our industries. and this is something that goes against the position of other countries. for example, the most vulnerable countries to climate change in the world. but also, you remember states industrialized countries in the west, we're calling for a phase out and it's really the opec countries were to go ahead with this position and refuse any mention about a fossil fuel phase out in the agreements here that would really blow up the negotiations that cough and would also be a problem for countries worldwide and wanting to reach their climate goals. julia day of global pro tests a plan. what sort of like does that shine on negotiate as well . active is climate active as world wide are definitely worried about this new development. see oil producing countries really pushing back

the studies pushing back on market skepticism over opec-plus production cuts. we hear from the kingdom's energy minister. >> welcome to the show. hope you are well as we near the end of this year and the risk rally. we are coming off substantial momentum in november. a reality check overnight but following the latest data points out of china, it did create a buying opportunity when you look at how we are doing so far. we are coming off the lows slightly from the open and from that point in time when we didn't get that data coming through. overall we are pushing lower, zero point 8%, down 1% on the hang seng, down over 1% earlier. a lot to get through as far as inflation and data reports. u.s. data coming through later. yvonne: people will be nervous leading up to the jobs report friday, which could be the big event risk out there. whether it confirms or not, the soft landing scenario we have been pricing in. the number of rate cuts priced in, we are talking close to five for next year. may be half-point cuts as early as june. goldman sachs, they are saying you

now, opec plus has repeatedly caught production. as we said. um, i know the voltage rate reduction announced last week and yet markets of hopefully bunched on that do use either why i'd like to know because it sounds very good on the headline, but typically it's always been seen as a dysfunctional group with the like in your industry, i like a complex give you a couple of different examples of this following the big plus needs, which firstly was response abruptly, and then it was rescheduled just a couple of days by just being a natural state. yes, we're going to extend the production costs us all individual vendors to comply with . this will be announcing the statements that because separately based on dimensions, the results of the most science for lack of utilizing a lack of unclear messaging and instruction. yes. ok. economic costs do controlled as much as 90 percent of oil reserves and 60 percent reduction. and so you get those clear, consistent standardized messages from the group. financial market, i do not see as something that we can t

now we've seen the president of opec, the group of 13, uh, oil producing countries of the and t, and call directly on its members to refuse any agreements here and do buy that calls for the phase out of fossil fuels. so basically stopping the use of fossil fuels like coal, oil, and gas to power our economies, our industries. and this is something that goes against the position of other countries. for example, the most vulnerable countries to climate change in the world. but also, you remember states industrialized countries in the west, we're calling for a phase out and is really the opec countries were to go ahead with this position and refuse any mention about a fossil fuel phase out in the agreements here that would really blow up the negotiations at comp and would also be a problem for countries worldwide and wanting to reach their climate goals. julia day of global pro tests a plan. what sort of like does that china negotiate as well? active is climate active as world wide are definitely worried about this new development. see oil producing countries really pushing back against

now, opec plus has repeatedly caught production. as we said. i know the voltage reproduction announced last week and yet markets of hopefully bunched on. that is either why i'd like to know because it sounds very good on the headline. but typically there's always been seen as a dysfunctional group with the like. and you're not seeing a lot of complaints. i give you a couple of different examples of this following the of the cross needs, which firstly was response abruptly that it was restrict which is a couple days later being a natural state. yes, we're going to extend the production costs boss or individual vendors to comply with. this will be announcing that statement that because separately based on dimensions, the results of the most science for lack of utilizing a lack of unclear messaging and instruction. yes. oh, economic costs do control as much as 90 percent of oil reserves and it's 60 percent reduction. but and so you get those clear, consistent standardized messages from the group financial market. i do not see it as something that

how much of a problem for opec plus is production in the us which, which is, is ramping off? it was the initial concern from the old price trash that stops roughly 10 years ago . that was the major reason why it was the us restrictions. i told them all the storm it was such as the comfortable it's not just pictures and export of the commodity. what your tax, 2022 data from the energy information agents. they actually prove that was going to be the case that we do have concerns, as well as a slow and global economic growth. a one stop china, which is the major important commodities. but as we add into 2024, we still have a number of different global economic health issues. firstly, upsets and central policy, and inflation projections was a whole wait a little bit of a drove. we have our side not yet seen the true impact of the shot, the shift have an interest for us. you know, many of us are seen and trying to ration. and so we get the sentinels. and we're starting to see the indications like global center, back to the 12 for us, but it was out which of course controls us inte

now, opec plus has repeatedly caught production, as we said. um, i know the voltage rate reduction announced last week and yet markets of hopefully bunched on that do use either why i'd like to know because it sounds very good on the headline, but typically it's always been seen as a dysfunctional group or the like in your next thing i like a complex give you a couple of different examples of this following the of the cross needs, which firstly was response abruptly and then it was rescheduled just a couple of days. i think a national was that yes, we were going to extend the production costs us all individual vendors to comply with. this will be announcing the statements that because separately based on dimensions, the results of the most science for lack of utilizing a lack of unclear messaging and instruction. yes. ok. economic costs do controlled as much as 90 percent of oil reserves and 60 percent reduction. and so you get those clear, consistent standardized messages from the group financial market. i do not see as something that we can t

officer reports emerge that the head of opec writes neighbors urging them to refuse any agreement a cup 28th of would see fossil fuels face down. climate campaign is in several countries say the oil pastels resistance threatens the planet, urging opec to focus on transitioning to renewable energy. the hollywood sign is celebrating the milestone state for a 100 years. the conic landmark has been battling the elements of bringing in visitors to los angeles. to mark the occasion. the city held a special lighting ceremony to commemorate the aging icon, which once upon a time came very close to being torn down. it's arguably hollywood biggest star tourists from around the world travel to los angeles to get a photo with the iconic hollywood sign to celebrate it's 100 years turned off every go. the sign was partially linked with the bulbs similar to the ones used when it was 1st installed in 1923 because they would only so tonight is just a symbolic lighting of the hollywood sign. the sign was 1st lit with about $3700.00 light bulbs around the perimeter of each letter. when it, when it ori

that is the picture as we look ahead to opec's report tomorrow and i-8 ease report on thursday.orrow's fed decision will play into the narrative about the u.s. soft landing so you're looking at brent trading over $76 a barrel. coming up, goldman sachs reshuffles private credit team seeking to double the size of the business. more on that next, this is bloomberg. ♪ ♪ >> investor appetite is there. they want to see strategic rationale and understand the timeframe to close because if it takes two years they have to factor that in and they want to see what the value enhancement is. investor reaction will continue to be something someone focuses on but strategic transactions have done fine and the issue has been long-term regulatory impact and how long will it take and what will be the legal issues. >> the other big elephant in the room is occidental crown rock, you're starting to watch mega deals in the market. two of the top three deals have been mega deals. is that going to drive m&a in 2024? >> the environment should get better. we had a muted year, muted because of uncertainty o

so exits in opec. um actually means that they would have that freedom and they would have the option to increase production and also benefits from being present production. well, thank you very much for joining us and okay, history. that story that said manual, a female founder of and a mix consulting. alright, thank you. and in the next city, 10 people, including 6 medical workers, have been injured in a ukrainian or hillary spike on the city's main form. a hospital, according to local authorities, keeps troops attack the facility with slovak cluster munition missiles, ortiz, correspondent, roman costa incentive. this report from the ground a few crania nationalists continue their war against civilian population here in the next group public for people. we're going to have this done that's trauma center on wednesday, including ones officer thank fleet, know when it was killed. ukraine once again, use the modified multiple launch rockets, systems cold grad uh, from us landmark. yeah. now those are what

i would say opec is overoptimistic. with regard to global oil demand trajectory in the coming decades, but iea is overly pessimistic. i would think that global oil demand will continue rising. certainly not at the rates we have seen in the past, the 20 years of this century. perhaps leading to a peak sometime in the middle of the next decade. that's sort of an estimate. it is really hard at this point to stick one's neck out and put a finger on peak oil demand. yvonne: thank you. with what to expect when it comes to oil prices next year. don't be too bearish. this is bloomberg. ♪ hello, brent. hi? if you had to choose, would you watch paint dry or compare benefits plans? compare benefits every time. come on, you know how complicated benefits can be. well, i run payroll with gusto. they make it easier to find benefits like medical, dental, and vision for my whole team. man, i think i'm going to need new glasses. don't worry. i've got you covered. yes! choose benefits without the mess. that's working with gusto. david: we

and after 16 years of opec membership on gola is falling out of the organization with the country's top officials, citing a dispute over next years. oil production product, the you're watching r t international. i'm rachel ruble live in moscow. we start with the latest in does what the enclave is hospital is under severe strain. un representative has condemned the idea of attacks on the territories health system. as statistic, it is really occupation forces are sold on goals as health system is taking the most sadistic forms hospitals and medical personnel. a sacred, especially at the time of great destruction, suffering and despair in this senseless war against the people in gaza. palestinian rise, red crescent ambulances are heading to the roof of crossing and made reports of casualties due to selling new the check point. a warning, distressing images i had the that's as at least 12 palestinians were killed on wednesday in the southern border . city of rossa of one of the strikes flattened, the residential building and nearby mosque in a densely populated area and medical facilities a

due to the weight was opec determined the quotas for 3 african countries differently. and those countries being angola, color present real and, and i do as well now on goal as membership in the old peer group has long been part of the site entities as a great oil state within the us. we can continue to with significant influence within the global economy. it's government has recently stated that and go to has been part of the opec group and a member of that group for 16 years. and during that period, they have fully complied all the regulations and the laws owed to the, the organization. but the reason to request just did not make space for the a, the, a role in economy. it has also been said that and that has been sacrificing its own people to benefits as a economy, which means that is a low and outside of the organization. it wouldn't have to caps and would always have to benefit from those kinds of it has now lived and it needs to be seen how much of an impact if the exit will cause on the we're going to the city is in we spoke with an idea based energy advisory fir