steve asked ceo bob dudley about the 20-year deal. >> it's a 20-year supply. it is a big deal.t's l&g of a fair price for them, a fair price for us, it's a big deal in terms of a bridge between the uk and china in terms of trade. >> sri, we're obviously very interested in chinese inward investment. david cameron is very excited about that. his comments about human rights potentially to derail that investment before it's done. >> it's a very good point, julia. you cannot ignore the politics. it is over-shadowing this year $30 billion of trade deals that can be finalized when all of these meetings wrap up. and it hasn't been without controversy. we spoke about those comments from deputy prime minister nick colleges. the chinese hate being lectured to on human rights. let's not forget that. there are three ts that you just do not talk about in polite chinese society, political circles, as well. tibet, tiananmen and you could bet the deputy prime minister has crossed those lines. is it going to jeopardize these trade deals? i would say no. you've got to realize that they're almost

of exxon mobil rex tillerson bob dudley who's also here he's the head of british petroleum as was the boss of norwegian oil giant stat or the many there did say that they wanted to keep politics away from business but there isn't really a strategic. relationship is developing. according to the culture so we don't believe this kind of problems we want these. some in the u.s. business community fear even temporary sanctions could end up in long lasting damage to their russian exports economic expert from the university of massachusetts richard wolfe says american companies have good reason to be worried . the united states has direct an interest in direct investments in russia it has made plans to get access to russian energy it has made plans to get financial benefits by banking deals between russian banking and financial officials and americans and if it's russia there's a reaction against pressure from the united states then there are ways in which all kinds of companies in the united states will suffer losses we don't know how bad they'll be we don't know how long they'll last but w

of exxon mobil rex tillerson bob dudley the head of britain's b.p. was also present there as well as was the boss of norwegian oil giant star saw many of this said they wanted to keep politics away from business. it hasn't really affected we're doing relationship is developing. according to the contract so we don't believe this kind of problems we want peace the president of the franco-prussian chamber of commerce and industry finds it positive that business is taking matters into its own hands on both sides of the atlantic now it should step in because actually. the political. leaders are talking about economic sanctions so we need to raise our voice and tell them that they should not do it again they should use diplomacy to do so the ukrainian crazies actually what do you have in you and you have a political crises. or political crisis should be absolutely soul of by diplomacy using ticking into. companies whether they are us. french companies this is something which is an acceptable form of course there is more trading with. the u.s. i think fifty

of exxon mobil rex tillerson also bob dudley there the head of britain's b.p. was also present as was the boss of norwegian oil giant starts oil money though said they wanted to keep politics away from business but it was really different to work through the relationship is developing. according to the conference. the president of the franco-prussian chamber of commerce and industry finds it positive though the business is at least taking matters into its own hands on both sides of the atlantic now. it should have been because actually. the political system is such that no. leader talking about economy could think so we need to raise over and tell them that they should not do it again they should use diplomacy to do so the ukrainian places actually what do you have in you and you have a political crises. or political crises should be absolutely soul of by. taking into. companies whether they are us. french companies this is something which isn't acceptable for us of course there is more trading with europe than with the us i think you're fifty percent of the tr

bob dudley, in london today told reporters they're increasing production in iraq. >> well, bp's assets are down, a long way from the trouble. production is being increased in response to requests by the government. it's a long way. we, of course, are vigilant removed non-essential production staff out of there. we continue to operate. haven't miss add beat so far. >> reporter: as for the battle front, the sunni insurgents pushed further south into a province that's just northeast of baghdad, iraq's capital. as a result, streets of the capital are empty. playground along the banks of the tigris appears abandoned. tops usually teeming with people, empty. shop owners haven't had customers all day or yesterday. people are worried the islamic militants will make it to baghdad as they promised late last week. seem to be held off somewhat, but still the violence continues back to you. >> what does the situation mean for our oil markets here at home. closely watching every move between kp ich wti and brent. >> obviously crude oil up sharply in the last month. the last couple of sessions it app

as far as the markets and oil is concerned, manus was just talking about bob dudley and moscow.e also said that he did not see any threats to the supply chain in iraq the on what we have already seen. we have not seen this spreading to the south. he does say that we should all be alarmed by the situation and the geopolitical conflict it has for the region. if you look at the oil market, oil has been giving up its gains. down again today by about .3%. some investors out there have been feeling this for a couple of days now. a little bit of bad climb up in the price of oil that we saw was overdone. >> that is interesting. given everything that is going on, oil only up about 3.5% over the past couple of weeks. >> coming up, the chinese premier lands in the u.k. more on that story when we return. ♪ >> good morning, everybody. welcome back. you are watching "the pulse." china's premier has begun his three-day visit to the u.k., bringing billions of pounds of investments. here with us is manus cranny. no, that is wrong. we have already done that, haven't we? neil is going to talk abou

. >>> bob dudley making an announcement in london today that coincided with the arrival of the chinese premier for a three-day visit. >>> let's now get to mcc with the latest situation in iraq. michelle caruso cabrera joins us from the northern part of that country. there's probably a delay, michelle, so i'll just keep talking for a second. when i read it, it sounded to me like maybe some of these guys weren't just for the embassy, but might be providing some type of advisory logistical support if there are drone strikes or something. did i get that right or not? >> it's hard to tell. so the vast majority are for marines going to the embassy in baghdad and then to two consulates in the country, one where the oil production is and another consulate here in kurdistan in the northern party. but it did sound like there were support personnel advisory. hard to tell, joe. and, you happen, it's hard to make sense of it all in what we could call the fog of war here. let me give you some of the other headlines. that is the first headline, up to 2735 troops are going to be deployed. the other he

. >> we heard from bob dudley yesterday saying look, all our operations are in the south and he said we're not concerned. the situation right now is it's concentrated in the north and the belief of these international companies is that we're not going to see this push to the south of the country where the production is contained. >> well, we do, indeed. the capacity of isis militarily to fight an asymmetric war is really at issue here and if they can move beyond a pure insurgen insurgency. if that is the case, then they are in a position to threaten areas in the south. >> if you look at the one point we made about the fact we're seeing a breakout in brent, one of our guests in the show said $114 in brent really important to watch. we'll be talking about that later in the show. >>> let's get more now about the state of the situation in iraq and the conflict with yusef standing by in dubai. yusef, it seems to me that we are almost getting some kind of official sanctioning from tehran that they are going to be deploying more forces and they could be a mixture of regular or irregular mil