the office for at least 3 days during the week, we'll take a closer look at in the us post pandemic work reality and a u. s. ban on russian sea food could have given us fishermen a stronger presence on their domestic market. but things turned out differently than they thought. i'm chris kolber walked into the program where the prices have stabilized after spiking briefly on the news that opec all producing countries and our allies had agreed to slash their output over the coming months at a meeting in vienna. plus, which also includes russia, decided to reduce production by $2000000.00 barrels per day, the move and to support oil prices, which are followed by 30 percent and do the rest of them. joe biden says he's disappointed by the decision which he called, short sighted right. i saw more about this with christopher haynes. he is an energy market analyst with energy aspects in london. welcome to the w. christopher

crude prices john yesterday, but appear pretty steady today. years crow crude trading at around $87.70 for barrel. currently. why is there not much more of a reaction to such a drastic cut in production? i think, you know, a lot of this was messaged fairly well. earlier this week you started to hear leaks about what opec might do. and i think we got a bit more of that price then at the moment, but i still think you have a lot of micro worries right now over the market about the outlook for growth and particularly in a rising interest rate environment. and to be honest, that is one of the main reasons why it's decision. christopher, in broad terms, explain to us, what does this cut an output mean for the world economy? yeah, so you know, ultimately it's about a 1000000 barrels per day coming out of the global supply. so that will make your

supply and demand balances. tycer. and we do think in the end of this year that should lead to high oil prices and particularly the next year because we're going to have a lot of disruption around, you know, the, you embark on russian oil from, from december. so if we don't have that additional supply in the market from opec, we will see thought departments is going forward. so that's going to be a net negative really got higher prices for consumers. just because it's going to cost people more in a, in a time where we're already being strained with, with other costs due to the high inflation. that was amendment christopher, a price cap proposed and apparently agreed on by the you on russian oil. what will that mean? so right now, i mean, the use already going to ban russian oil. so for you members,

it doesn't really make a difference. i believe that some of the members such as hungry and some of the other countries that receive oil on pipeline from russia have already got exemption . so that oil cap. so the most important thing is really, if anyone else in the world is interested in joining and for now. interesting are limited because countries like china, india seem to be, you know, buying the oil painting. they're also worried about economic growth that was worried about that was inflation of, on that populations which are bigger than parts of europe and north america. so i think the cap is there, it will be challenging to see how this without and there's still a lot of unknown and a lot of inconsistencies and how that's going to work. so in a way we, we might need to see what happens. and i think that's how the market pricing it

right now. christopher haines, from energy aspects. thank you for your thoughts and keep and out of some of the other girl business stories making news. german factory orders down again for august after a short rebound in the previous month. the latest numbers show a drop of 2.4 percent of industrial clients and consumers, both foreign and domestic have or less. the weaker numbers already new fears. germany could be headed into a recession, ratings agency, fitch has lowered the outlook for its credit rating for britain to negative. the analysts say that prime minister list process plan tax would lead to a significant increase in fiscal deficit. they're also factoring in the inflation and thinking poll numbers for the governing, conservative party to us financial investors are out of the proposed take over of twitter by law musk, apollo, global management, and fixed 3 partners were committed to invest $1000000000.00 part of

a $7000000000.00 3rd party equity package. but mister musk has indicated they are no longer in talks. german chancellor shops and spanish prime minister pedro sanchez have vowed to build a gas pipeline that would connect portuguese and spanish ports with central europe . the 2 leaders met in northern spain. the pipeline would have to pass to france, which so far has resist the project, calling it on necessary india texture. i and we pro is asking staff to come into the office 3 days a week. they say working from home as leading to a loss of productivity firm recently 500 employees after discovering they were working for competitors while still logging ours for we pro, they're not the 1st firm to ask staff to return to work place. other indian companies have made similar requests as good morning sir,

from dw correspondent charles carter, kane deli charo. last month we pro fired 300 of its employees because they were working for other companies on the side. how much does this new policy have to do with that? with chris own vitro hasn't really mentioned or, or none of the surveys indicate that these 2 developments are related, but there is of course, a link. however, this is not just one of the problems. moonlighting is not just one of the problems are ever since the effects of the occurred wave of the band mimic in india ever since the defects relapse or it was as those are effects went down a lot of for industries, a lot of sectors of companies across sectors have been trying to get that employees back on board in a hybrid model. of course, not in a full fledged work from office kind of a model. but it's a, it's, it's, it's still a long way to go. what had happened was that a lot of employees had been working in metropolitan city and state capitols,

big cities like gillian, mom. by during the pandemic, they had gone back to their home towns which were quite far away from the bigger cities. so that has also been a problem and a lot of sectors are struggling to get their employees back to office. chris. oh let's say oh, it was reported for a 2nd. why is the company of not asking so it staff to return to their office is completely well, chris, i think herb deck could be because her so is there have been a couple of so please about this return. this great return as it is being called. and these surveys indicate that id sector is the sector that is struggling the most . it is lagging behind all sectors as far as return to office is concerned in telecom and in consultancy in allied sectors. this returned from more employees have returned to of is in the hybrid mode dan, they have in the 80 sector id, companies are really struggling to get back to their people are back to the offices

and because of which they're having to resort to new strategies. one of them being a lot of id companies, a lot of among the big fort audit companies. also they are opening newer offices in smaller towns like jeopardy, like going to like m, w to lower people to be able to visit offices physically twice or thrice. a week, so that could be one of the reasons why companies like people are avoiding asking people to resume office full time. sotera is that fair to say then that this policy model of at least working some days in the week from the actual office? is this the standard model now or for large parts of the indian? i t sector chris? yes, it's certainly standard, but it's also evolving, for example, industry body of the 80 sector. nascar recently said that her, we need to evolve new strategies. we need to evolve a new way to work. a nascar said that moonlighting is also not

a problem or so long as those transparency between the employees and the employer. so companies and employees need more ways to talk to each other, to understand how the situation is evolving. how when, when would they like to come back to office? how much time would they like to spend from home or work from home? and i'll also insure, insure productivity. so the situation is an evolving and company is bought, gump employees as well as employees. they're still trying to find out ways that would work for bought. chris dw, correspond charge card came deli charo. thank you. a u. s. ban on sea food imports from russia over its invasion of ukraine was supposed to sap a billions of dollars from vladimir put his war machine. it also meant that u. s. fishermen expected an unwelcome because often cheaper competitor to disappear from their mean market. so they thought, dw is currently not shamore reports. sammons season has begun in southern alaska,

fish and seafood are the states main commodities. the vast majority is sol domestically until recently, many products also came from russia, an unsavory competitor in the domestic market. but there is new optimism in the fishing village of cordova. the fishing industry, these great this you and i hope the prices come in better. you know, is, is a good market, good fishing and as a team the man, this is great is so the whole world is hungry in this town. purvey lot of food for a lot of different states, lot of different countries. for the last 5 years, the company, 60 north, has specialized in wild salmon. the company mainly serves the us market. russian producers were an unwelcome competitor because they could offer much cheaper prices

. 60 north couldn't compete. now things look better. well, one problem is that russian products haven't completely disappear from the market yet. we have a lot of product that is banned from russia, but yet they have an inlet where they can go produce and china and then bring it in that way too. and it's somewhat confusing not clearly labeled. and i think that one of the things is, you know, we need all pay attention to corey lusher, works in the crabbing industry in alaska, a market in which russia was also a major player, or perhaps still is fortunately, i've leisure says russia is circumventing sanctions. it comes through other other countries and it's then processed in other countries and it's not required to have labeling when it comes into, into our markets. and so russian crab can go to places like china, primarily china, and they cook it, and they, they process that some of it may be illegally caught,

and then it's sent back into our market. and so without country country of origin labeling, there is no way to trace that back to russia. but alaska's initial optimism over sanctions against russia is waning now too. and there is deep disappointment in the fishing industry because the russian products remain in the market. though hidden from view and that's a shout. thanks for watching. i'm chris cobra. berlin herself a successful day. ah ah, with

ah, is the end of the pandemic in site. we show what it could look like. return in the normal. and we visit those who are finding it difficult with successes in our weekly coven, 19 special. in 30 minutes on d, w, weight, gain, weight, drink, and whatever weight. what into our marquee coming out from you in waste is causing a lot of problems around the world. when it comes to identifying solutions. i t, i can't, bill gates isn't unlikely. pioneered,

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ah, ah ah, this is dw news life from berlin, a horrifying attack at a nursery and ne, thailand, emergency responders remove the bodies of more than 30 people from a daycare center where they were shot dead by an ex police officer. also coming up, crushing rockets hit.