's neil atkinson discusses the outlook for oil. >> next week, opec will meet with russia.y going to achieve more production plants? >> we don't know if that will happen or not. what we are sure about the moment is that although the opec agreements and not opec agreements has for the six-month in a whole as it has been operating has been reasonably successful. for the month of june, the agreements haslatest data for wt reliable numbers, it looks as if the compliance rates have settled a little. opec is responsible for its own decisions and we are observing it just like everyone else. >> it is a simile difficult to predict the price of oil. is it still range bound? formerly predict oil prices but we are able to say that based on our current outlook for supply and demand in the rest of 2017, we do expect stocks to start falling during the second half of the year. on that basis, you could expect the price to be supported and the price to perhaps rise but not by very much because every few dollars that the price does begin to rise, it incentivizes more oil for the united states

vonnie: still ahead, as we review the week, neil atkinson of the iea predicts oil prices will keep risingus, barry diller has no love for president trump, but likes what he sees in the u.s. economy. we will also have a thorough roundup of the week's earnings report. up next, more of the week's top business headlines. nelson's health is getting ready for a proxy fight with procter & gamble. >> it is not a breakup. it is not a ceo change. it is very much acceleration of the plan. vonnie: this is bloomberg. ♪ ♪ vonnie: this is "bloomberg best." i am vonnie quinn. let's continue our global tour of the week's top business stories on wall street. where a legendary buyout firm is set to deal with the future without its founders. >> kkr has taken a big step in succession planning. the private equity firm has elevated two veteran executives in their 40's to the new role to co-president and co-chief operating officers. it is all in an effort to prepare the firm for the future when the cofounders are no longer at the helm. >> henry kravitz and joe roberts founded the firm back in 1976 and have run i

. ♪ anchor: still ahead as we review the week on "bloomberg best," neil atkinson of the iea produce oilrising. plus, barry giller has no love for president trump, but still likes what he sees of the u.s. economy. we also have a thorough roundup of the week's earnings report. up next, more of the top business headlines. it is not a ceo change. it is very much acceleration of the plan. anchor: this is bloomberg. ♪ ♪ vonnie: this is "bloomberg best ." let's continue our global tour of the week's top business stories on wall street, where a looks to auyout firm future without its founders. anchor: they have just taken a moving to executives in their 40's to prepare for the cofounders no longer being at the helm. they have basically run the firm since then. this has been their shop. people wondered, as they get be inheir 70's, who would line to take over. this answers the big question not just for the public investors and shareholders, but also the institutional shareholders in investments and endowment funds that give to kkr every year. anchor: icv confirming this morning that karen mccall

department of energy releases its -- let's get straight to neil atkinson. from paris. week, opec will meet with russia. they going to achieve more cuts. we are sure about the moment hasough the opec agreement been operating so far, the month reliablee've got numbers. after wait and see what they decide. opec is responsible for its own decisions just like everyone else. when you look at the oil rigs , are they powerless? isthe u.s. situation interesting because the first part of the show and the extent with production increase. and now, a resurgence to some extent. --is not question of the libya and nigeria are seeing on production increase dramatically. the opec producers are seeing their own cup diluted by two of their own members. the fewou are one of people who have tangible experience working in venezuela. where do they stand right now? >> the states -- is very poor. workersdeal of time is not able to do their job, interim family. however, production today remains at about 2 million barrels per day. venezuela's problem is it is not .ble to refine as muc