last three months oil has been heading steadily downhill for the start of october a barrel of north sea brant crude stood at a respectable eighty six dollars. by the end of november it was struggling at fifty seven dollars though it stabilized for now at sixty that's causing oil producers a lot of financial problems so much so that the organization of petroleum exporting countries has put production cuts high on the agenda of its latest vienna meeting. with the if. you. want to see where you. should be tied to. this is. economics one zero one if output and supply falls prices rise. the u.s. is by far the world's largest oil producer at fourteen percent of output russia is the second largest candidate is way behind all three are not opec members uniting fifteen countries opec is responsible for forty two percent of global oil production giving it the main sway over pricing the organization is most important single member is saudi arabia which alone pumps thirteen percent of the world's crude supply but not everybody is happy about the idea of falling supply and rising prices least of all us pr

steadily cheaper since the beginning of october from eighty six dollars the price of a barrel of north sea brant crude fell at times to fifty seven dollars overing lately at around sixty. those kinds of levels are too low for countries whose economies are highly dependent on oil exports when news of the output could be merged or climbed by three dollars a barrel. and our market correspondent powered it christine but it has the view from frankfurt. one point two million barrels per day that isn't a huge sum but it should be enough to at least put a bottom to the price of oil and not have it drop much further to put it into perspective a little bit one point two million the u.s. alone has in the past year. or ranked up its oil production by two point five million barrels so it isn't much however considering how much the solution was downplayed yesterday it was a bit of a surprise to markets so and so the oil price job almost five percent on the names . but it's in frankfurt there while the u.s. labor department says one hundred fifty five thousand jobs were created in the u.s. in november and that

the last three months has been heading steadily downhill at the start of a job or a barrel of north sea brant crude stood at a respectable eighty six dollars by the end of november it was struggling at fifty seven dollars though it stabilized for now at sixty that's causing oil producers a lot of financial problems so much so that the organization of petroleum exporting countries has put production cuts high on the agenda of its latest vienna meeting. what we have. to do. and what you say for you or me you should be tied. to see. economics one zero one your output and supply falls prices rise. the u.s. is by far the world's largest oil producer at fourteen percent of output russia is the second largest canada's way behind all three are not opec members uniting fifteen countries opec is responsible for forty two percent of global oil production giving it the main sway over pricing the organization is most important single member is saudi arabia which alone pumps thirteen percent of the world's crude supply but not everybody is happy about the idea of falling supply and rising prices least of a

steadily cheaper since the beginning of october from eighty six dollars the price of a barrel of north sea brant crude fell at times to fifty seven dollars overing lately at around sixty those kinds of levels are too low for countries as economies are highly dependent on oil exports when news of the output cut emerged or climbed by three dollars a barrel. and all financial correspondent christiane but it's has the view from frankfurt. one point two million barrels per day that isn't a huge sum but it should be enough to at least put a bottom to the price of oil and not have it drop much further to put it into perspective a little bit one point two million the u.s. alone has in the past year. or ranked up its oil production by two point five million barrels so it isn't that much however considering how much the solution was downplayed yesterday it was a bit of a surprise to markets so and so the oil price jumped almost five percent on that it's. a financial correspondent christine but it's that will move business to come first it's a bit later now for the latest on the yellow vest protest movemen