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tv   Sophie Co  RT  November 10, 2017 2:30pm-2:53pm EST

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it doesn't allow them to have exchanged handshakes that take place between mr putin they should lead we saw the leader of china show a lot of our proven while donald trump was sat somewhere on the opposite side we've seen the putin trump handshake here in vietnam but no formal meeting or talks that many many people here were really expecting i can tell you that journalists were on the brink of so to say harassing the officials on both sides russian and american about the possibility of the meeting but the formal meeting didn't happen maybe some other time. another summit highlight came during the leaders photo shoot putin's informal greeting of peru's president when. he passed the russian leader sort of the usual handshake putin gave him a casual live. and that is that you're
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right up to date thanks for staying with out join me for the latest at the top of the. rigs politics that's what many are saying of the d.n.c. chair donna brazil claims bernie sanders was cheated in the primary but the rigging goes further the g.o.p. establishment didn't embrace trump then or now. already war with themselves. well welcome to sophia sophie shevardnadze asked the price of oil has hit high
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industry giants are meeting here in vienna on november thirtieth to talk about keeping production low and prices high so we'll stay in close tie good times rolling and are waiting for the crash if any deal falls through well i ask the secretary general of. the mighty opec is back in the saddle after losing control of the price of oil and nearly running themselves into the ground the major players of. production could deal with even over competitors taking part but with the vast american share reserves on the market on the production deal hold out for. opec members follow whatever saudi arabia agrees on with will their greed unravel the over consensus and bring about a new oil crash. secretary-general thank you very much for being our guest on this program it's great to have you with us now your excellency the oil
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market is actually looking as if it's getting back on its feet the. record high since two thousand and sixteen sixteen dollars over six dollars per barrel global oil demand is growing you have just presented. all the graduations so there is no market heading towards a full recovery. the fundamentals of the oil market change significantly particularly since the beginning of the when we started implementing the. of corporation we have seen very high level of conformity of religion over one hundred percent by the participating countries and we have seen all the small growth to grow significantly between the fall of two into seventeen going
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into the winter months we have seen a hefty tool million but a. good old saw all in all we remain on course finally we can see. insights so we're going to go through all of that in detail for that you have said that russia and saudi arabia's readiness to extend the supply cut agreement for another nine months actually clears the fall for the november thirtieth meeting here in vienna final decision on the deal should be agreed on here should be taken here is the agreement between these two nations as good as an all black deal would you say. if you. participating countries the. russian federation the biggest producer. within this group. it's
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a lynsey the minister. in such a supply of arrangement including. new organs. and ensure implementation fully. there for the. very special position. within this group so i think back to the days where the price is very very low and back then we. and as an organization it couldn't really do much about us shale oil or russian oil and now i'm on my look at europe and it's a shame you're taking decisions you're brokering deals they work they would you say opdyke is back are you back in control all over the world all trade or is it just down to brokering a deal between russia and saudi arabia. in the post fifty seven years.
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of the existence of this organization. the organization has gone through several cycles. in some of the cycles it's really a question. to put it bluntly. we have seen. if you like. the post depending on which cycle but. only survives but. strongly. and this is what you see what you are seeing beginning from last year is video. when it's used to it. rebuild confidence. again. take
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decisions and implemented his decisions effectively but with all due respect there are still questions regarding how can the last introduction be made with one topic members are bickering with each other for instance he had saudi arabia and other gulf states that are comical locating and other opec member qatar you have qatar and that is trying to cultivate close ties with another opec member which is not on you have. irritating members coming hard now we have been able to. do. from the geopolitics. the impacts of geopolitics on oil. in fact. in the. situations we use such together from the budgets of the outside wall of this commodity. which we implemented i do not expect all the member
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countries. more than the declaration of cooperation we have received. indorsement commendation from high court as the highest court government of our member countries including the russian federation president vladimir putin himself indorse. the continued implementation of the declaration of cooperation in order to. restore the stability but to sustain it going forward to avoid. not only in the declaration of cooperation that we agreed on the tenth of december but also in the implementation and i can tell you that iran has been fully implementing each. and the declaration of corporation nigeria and libya have made significant progress in recovery in the city.
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and we look forward to them fully coming on board to participate. with all the rest of the participating countries so do you aim for this deal to be permanent because the permanent countries will start to pump again and the prices will go down again then you need a new deal so it's like a never house. together. in this plot form this palm and struck in the oil industry as more incentives what do. people forget that with. the. to make the is shill a revolution if you like possible. we have started seeing it dissolution. in the growth party in the united states particularly.
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tired or we have seen the wreaked numbers beginning to fall we have seen the productivity. and we have seen their shareholders their investors questioning the. use of the current business model all for volatile vs. we have seen a very sharp but it does in the fall funds from wall street that have been fine. this ramp up supply from about sixty billion us dollars to just six billion dollars . take a break right now one more battle continue talking to mohamed. the secretary general of path and tell them of the upcoming meeting in vienna of the industry giants and
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whether they will be able to keep production prices stay with us. level warhawks sell you on the idea that dropping bombs brings please. the chicken hawks forcing you to fight the battles because they don't believe the new socks credit tell you that what we gossip a couple of ourselves a little more news today. about advertising telling you are not cool enough and wants to buy their product. these are the hawks that we along with
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our audience will walk. lol make this manufactured consensus stick to the public well. when the ruling classes protect themselves. with the fine larry go live to be the one percent. we can all middle of the room sick. really. really really really. really but once. the discussions were liberation.
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we begun to feel sitting down with them. one important message that i took away from that meeting. or was. by all of those who participated in that in nobody has told me. the us produces without it will. all non-conventional with. we all belong to the same market we belong to same industry therefore the history the. or the impacts of this cycle this psycho hasi left normal of us insulated from its consequences and its impact and therefore we need to we all have a shared responsibility to maintain stability to minimizing the
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impacts all the cyclical nature. this industry because nobody spend a great to cut some plywood over that i would mostly a saw i mean that was more the idea. you will appreciate that in such a fast meeting for the first u.s. company with all the incumbrances. of their legislation. and their logos decided to sit with you know that's a significant something must have really pushed them to this table to sit down with us. and i am satisfied that we were able to have very and from discussions we shared we share the experiences. we understood our differences better. requested that we should continue this
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dialogue that this is not only beneficial but they've also been official to them. some of you in the media so we brought in the bread or we broke the ice. or just regarding. shale oil saudi crown prince mohamed. that. iraq is finished is it really that we're in for a new era what did he mean you know. well as i have told you you have seen the numbers that are coming out of the united states. the production that we have seen in the last several years and particularly from despite november december. when we have seen a significant ramp up production is more likely to repeat itself in the short to medium term within that timeframe and why because.
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this. was funded heavily by the public and private equity. to their focus was or how to produce higher voter was not on profitability. all this is changing and what is the evidence you can see the numbers of freaks particularly oil rigs continuously known coming down to their own productivity report themselves in the us the wells as well as the rigs. decelerating known the projections of going forward. whether it is the whether it is. the company's them so's beginning.
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to question those projections for twenty eighteen and beyond i have met them in seven for those four junctions tortelli will go out because they feel the pinch they're the ones in the field in the trenches they do not have the capacity for that incremental growth going forward your excellency as you know the international deal on iran's nuclear program is in jeopardy thanks to president trump that means that the future of iran. oil output is also uncertain. how can you plan to happen for production volumes when you don't know iranian oil is going down market or not. to the best of my knowledge i'm not sure whether the nuclear deal is in jeopardy. in the united states has bought officially pulled out of the. great effort of the p five plus one.
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and we remain hopeful. that reason will prevail. in the member of the p five plus one. question in. all. of these noble international airport. therefore in solidarity with the countries are to leave. iraq as you know is not only a founder member of. this organization is a very strong member of. fakes. especially in the circumstances of the. all of us in the organization. nor to the government of iraq. with the international
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goodwill but it has been able to all. those the situation hopefully would restore for the stability. in that. iraq iraq is not only important to orbit but is also key to this to be true of the region. whether it is on energy or on geopolitics. we remain confident that the government working with. international partners. would continue to contain the situation. and also continue with the must of walk over to call struction. in iraq it's also interesting to see how during this stability and rising prices they producing
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countries are reacting because of course the high prices are appealing but they kind of get greedy look what happened to indonesia right they don't wanna they refused to cooperate on supply of cotton and they're not members anymore so is it fair that countries that actually agree to. comply to that agreement are actually cutting supply while the countries are pumping and selling. it is this over indecision or every part of spitting country. decides to join this noble global. so. we only quote twenty four countries. who have. fallen clearly in the old national interest. challenges and we look forward to. fully participate not only when she is beginning to do the jaws companies in this industry how
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started hiring so i don't think any produce needs to be postulated. to come when doing this. so we are looking forward to those tough vote being able to train. from the train station. police join us because it's all pretty. well in my thirty's never thank you thank you percival into. politics that's what many are saying out of the d.n.c. chair donna brazil claims bernie sanders was cheated in the primary but goes
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further the g.o.p. establishment didn't embrace trump then nor now. parties at war with themselves. u.s. air force claims that a missile that was launched the saudi arabia from yemen on saturday was made despite tehran's denials that it supplied any such hardware to rebels in yemen. cia whistleblower john kiriakou tells us how he was pulled from an e.u. parliament last minute just for being a sputnik radio host. and i thought ok well american politics rears its ugly head even in brussels. if you mix founder julian assange says that u.k.
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prosecutors have admitted deleting e-mail exchanges concerning his case. and german police authorities investigate.
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