wrists between the 2 sides also on our show, beijing is focused on its party congress, but covert cases are rising in the background, raising fears of new lock downs. and planned by new zealand attacks cow burps is giving farmers there in the junction. but there might just be another way to reduce harmful missions. hello and welcome to the show. i'm seeing beardsley in berlin. our oil producers, lending a hand to russia. that's the accusation from washington. after the saudi led oil cartel opec plus decided to slash oil production by $2000000.00 barrels a day. not helping matters, at least from the u. s. perspective was a meeting tuesday between russian president vladimir putin and president of the united arab emirates chic mohammed bids i had an eye on the white house. i said that in response to the opec cuts, which it says will boost russian oil revenues. it is reevaluating its relationship with saudi arabia. re odd says the decision to cut production is based on market

forces. or if more or less, let's go to mikhail crew to can. he's an energy analyst and he joins us from oslo. mic out. we've talked a lot about the oil markets in recent weeks. is this move? does it help russia? well, i do not think it helps harrison because russia is going to lose a lot of its production and exports in december. when the embargo on the russian oil supply comes into force in the united, in the european union. and anticipate in that development, the such countries a saudi arabia, which is the leader of it. and often lose decided to decrease production in advance to have a bigger leverage over the market forces you have, they have enough spare capacity to regulate the price on the market. they might be

successful in this. i right now the market does not experience and is shortages of oil. in fact, the supply is larger than the demand about $1000000.00 barrels per day. and the degrees, i don't think it plays a very bigger role immediately. it will place it will play a bigger role start and demand in december. in addition, i think it is also, there is also a political issue because of the saudi arabia and it's a well companions in opec cannot find the well common language with the current american administration. ah, they are unhappy about the attitude, all the bite enough ministration, the views of iran and inability. busy over washington to suit to establish good relations. so with the arabic countries in the persian gulf. and so i don't think

they are going to appease the current administration of the united states might increase an oil production. we've heard mikhail just that, that saudi arabia has said that it feels threatened by this oil price cap. do you believe then that when they took this move and pointed to basically the markets, the, the way the markets are moving right now, he said there's over supply right now. does it make sense when they say, look, we're doing this because of what we're seeing on the market, or do you believe this is something that's related more to the u. s. administration? yes, i think the z largest role is laid by the bought market considerations in the behavior of opec plus a z one. now they do not have a lot of spare, a capacity to increase if they need a for political or commercial considerations. but they want to increase this leverage after 0 cost of production over about $2000000.00

barrels per day. they are leverage of the market. i mean, the spare capacity available for an increase would be about, well, for the half or $5000000.00 barrels per day. and this is quite enough to influence of the market in the future if need arises. at the u. s. has tried to release more crude from a strategic petroleum reserve in recent months. to what extent can it affect market prices in encounter action to what saudi arabia and opec are doing? briefly if you can, i don't say, though i don't think this is a very important to measure. it does not the market measure it is going to and very soon and the well in a couple of weeks. so they're not, the states will have to re a feel of this threat to a storage facility. and the, i think the officials of the saudi arabia well, are quite right when they point out that it is of the american administration,

which is not increasing, which is not making enough to increase oil production of united states and what to leave at their energy analyst me call crew to can thank you so much. and we go now recently other global business stories making headlines. the international monetary fund says the russian economy contract it less than expected . according to moscow, inflation has slowed and employment is high. with the i m f, confirming that view, saying a recession will be less severe than expected due to high oil exports and domestic demand. a section of the jewish but oil pipeline connecting russia and germany via poland has been shut off. after a leak was discovered earlier to day polish authorities said a leak was likely caused by accident. the internet, however, has magnified concerns about security of energy supply across europe. or china is days away from a communist party congress that is expected to cement the rule of she,

jim ping of event comedy fraught moment for the economy. growth slowing due in no small part to beijing's heavy handed approach. the pandemic. now case numbers are creeping back up. and fears are growing. the more locked downs are on the way beijing is ready and for the 20th communist party, congress checks and mass tests are once again, part of everyday life. as china is sticking to it. 0 cove, its strategy aiming to beat new outbreaks with tough restrictions, and the price is high. economic growth nearly stalled in the 2nd quarter. china is set to miss its official 5.5 percent growth target. the world bank expects the chinese economy to only grow 2.8 percent. it's a historic slum factories and stores had to shut due to corvette restrictions. that's hurt retail sentiment and the job market. china's youth are most affected.

one in 5 chinese below the age of $24.00 is unemployed. can beijing still deliver growth and prosperity? the pressure is mounting and chinese leaders to find answers to pull china out of the slum. still be correspondent so it's on han joins me now from taipei and so we're seeing already that case numbers are starting to rise again across china. how high are anxieties there about further locked downs badges their recovery policy and normalize in testing has led to public condemnation. the tight control has become even more extreme now because of the common twenty's chinese communist party congress. some small areas were barricaded and some stores were surrounded by iron sheets. it's reported that even some far away villages in size she and inner mongolia went highly isolated. in big cities, life sciences, and daily, and stick inspections. no dinner, no outside of hardy,

in a crowded place, no visitors are the norm facing criticism. the government immediately shut down, comments on social media, and we can still see protest in the cities under such st. social control, so the anxieties a high at the same time bridging has made it clear in recent days that it's sticking with the 0 cove. it policy. despite that criticism, despite the told that it's taken on the economy, is there concern within the party about this? and what it means, well, it's very difficult to tell because the chinese communist party is like a black box itself. but we can only um, find some clues from here and there, for example, why stay media scene while use doubt, play seating pins. 2 reason speeches emphasizing co viero there, there are covey policy, and it was similarly suggesting a growing struggle within the parties top actual and over issues like this and not long ago, china's highest position make embody stress, the need to resume resolutely fight against all words. and actions that distort cast out i,

or deny the country's pandemic provision policies. they will not have discussed this so called doubts if the waiver and about that there will be policy deny exists . it must have existed at a very high level. at same time, it's not just the locked downs that are taking a toll on the chinese academy. we also see a faltering property market, a crackdown on tech, and then continuing trade tensions. to what extent can we see if there's 2nd guessing of she's general broader path on the economy or for most or for most of the experts we have talked to, they have no dallas, c will still hold the highest power after party congress. there are no click clear size there seem what changes there will be policy at the start of his 3rd term. the chinese government researchers and economists who support see tend to view the current economic troubles as a short term problem caused by the pandemic. the most foreign investors are set skeptical about the chinese governments if they will soon solve this present problem. if there is no change, we'll see um it's huge impact on not just the chinese academy,

but the global economy very soon. road. so dung han with us from taipei, thank you very much. you may have heard that cow burps are a not insignificant source of methane emissions and thus greenhouse gases. well, it's true. in fact, in new zealand, the gases emitted by the countries 6200000 cows are a major source of the country's carbon emissions. now wellington has outlined a plan to tax livestock, farming groups warren, the scheme could rip the guts out of small town new zealand. but there might just be another solution to problem take, look. these cows could be the future of agriculture in new zealand. their milk formula is blended with co butcher, a special probiotic. it is all part of a trial been carried out by new zealand, dairy giant, frontera, that true eureka moments, and the may was when we got the results of the face, kato child back, and,

and we were able to show that we got a reduction to maintain adapt 20 scenes in those animals and, and with continued to be able to shy and read action and nice and we've got other obviously we've got other trials underway. and that, that definitely was there. eureka moment. new zealand outsides, agricultural industry has made it unusual among industrialized economies as around 5 sheep for every person and 2 cows handled it's greenhouse gas emissions come from farms. and that's something the government wants to change with. it's planned to make farmers pay for emissions. importantly, all money raised from charges on emissions will be recycled back into the system to fund further research, toes and technology as well as pharma incentives in order to help reduce emissions . all revenue will go back into those golds the government plans to reduce

method emissions from farm animals by 10 percent by 2030 and have them by 2050. but the plan has come and a wide spread criticism from farmers go fear for their livelihood. so maybe it is science to the rescue and use the land. farmers may very well have to pin their hopes on solutions that could simply reduce emissions. that's our show. we'll be back in a few hours with more. in the meantime, checks out a line d w dot com slash business. also on youtube under the d. w channel, i'm seeing beardsley watching. ah ah, with

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ah this is dw news coming to you live from berlin. ukrainian officials report more attacks on civilian targets, missiles, rain down on towns and cities across the country for a 3rd day. boosting ukraine's anti missile defenses is a top priority at a nato. somebody.