that might be the next tension with opec-plus.mber: when you look at opec broadly, they must be satisfied right now. prices around $80. we have not seen a lot of volatility. to that end, do you think this is something even the idea that entertaining another one million barrels could receive a lot of pushback, especially from the likes of saudi arabia? julia: i think so. a lot of people are bullish right now because of china's recovery. when china completely comes back on the market, we are going to see some people be tall trading. peak demand. they could be persuaded that we will lead more arrows -- need more barrels on the market in the second half of the year. i think that is a possibility. you are right. they are happy. it is $80 a barrel and we are not in peak driving season. that is something to consider. amber: i'm glad you mentioned that. kriti: you are all over analyst notes and what could come next. this upcoming week is sarah week in houston, the super bowl for the energy players. i imagine a lot of the conversation is g

sunaina: it depends on what happens bid we have the opec meeting coming up in two weeks and opec is facing because when we look at how things are right now, they look sloppy for the next month. through april. then things start to improve and going into the summer and as china continues to be open, china has been buying one million barrels per day, less oil in the first two months of this quarter, than they were in the fourth quarter of last year. things had been slower, but china we expect to regain momentum. opec needs to look at that and say, things are looking better, especially in the third and fourth quarters of the year, but maybe we need to be proactive as we said we are going to be and cut a little oil in the second quarter to stave off further declines when we have all this turbulence in the financial system. tom: if they go ahead with the cut, does that put a floor under the prices at these levels, or do you get prices back up to $90 a barrel the likes of insects are forecasting by the year end? nadia: it depends on how much they decide to cut. it is possible they complete in the

and opec plus meeting. we are very close approaches with saudi arabia, with regards to oil exports. fortunately, the decisions that have been made at opec and opec plus over the past few months, were all a result of joint deliberations between iran and saudi arabia. the petroleum industry has always been vulnerable to global developments. and now the recent rapprochement between iran and saudi arabia to opec members could fundamentally reshape the outlook for the oil market. besides bridging their political disputes, did one and re off are also expected to resolve their differences in the energy sector. a casing point is the disputed and garage gas field located in a disputed maritime area in the persian gulf, which has not he had been demarcated to iran is critical of kuwait on saudi arabia's exploitation of the field. st. iran also has a stake in the area, i believe, to have an estimated half a trillion cubic meters of proven gas reserves for energy hungry china, mediating between teheran and re off to im

and opec plus meeting. we are very close approaches with saudi arabia, with regards to oil export. fortunately, the decisions that have been made at opec and opec plus over the past few months, were all a result of joint deliberations between iran and saudi arabia. for energy hungry china, mediating between teheran and re off to improve ties between the states will help ensure its energy security as the world's 2nd largest economy. beijing is heavily reliant on foreign oil and gas. figures show that more than 70 percent of the country's oil is imported, measuring has been a major buyer of iranian oil, even at the highest of the west's economic pressure against iran. it has also been saudi arabia's largest oil in puerto. it to mean on by the raining, saudi resumption of ties would increase chinese certainty regarding the oil market and improve its access to crude oil. the move will also increase the supply boil from the persian gulf to the east, and this will reduce oil prices in china. leads the market in t

exchange between moscow and kiev, and thank the saudis for their balance position on the conflict. opec was also on the agenda, recognizing a need for strengthening cooperation among the oil producing countries. let's take a look at some of the key points made at the meeting. so moving the manual to live particular attention was paid to the prospects for the development of traditionally friendly russians, saudi bilateral relations, down and what is caused the strengthening of relations between the 2 countries and exchange views on presentations. we understood, we touched on the situation in an around ukraine, and we are grateful to our saudi friends for their balance to position in their sincere interest in promoting a political resolution to adam of america. then we have discussed the station ukraine with minister love rove, who had confirmed opposition on a political solution to the crisis. we was, of course, in your room. we appreciate the efforts that saudi arabia is making for a comprehensive solution to the conflict in yemen in the context of the continuing, but still fragile low

the shoe to drop from that is opec+ reaction.access the risk and demand, markets are betting on $70 a barrel. what is the floor in terms before people step in? that uncertainty could see an overreaction to the downside. guy: does opec consider how much oil is out there? normally we have a good handle on it but do we have a good handle on it now? christyan: no. we have a submarket and oil at the market. you have trade in barrels from russia, iran, with very little compliance and customs looking for cheap crude and that is creating distortions but it is being verified and ultimately stored by many countries creating a revenue line from this. you have a distorted market that has come to surprise the bulls. you see some countries using more coal, using more gas to subsidize for oil consumption. we went bullish into china opening. but it has been repriced. alix: it was still bullish about the chinese reopening story. when you take a look at an oil company, how will they manage spending? the banking crisis can also restrain liquidity.

opec predicted an increase in demand for oil in this year by 2,300,000 barrels per day. fall on asian countries , primarily china and india, in particular, china will provide an additional demand of 600,000 barrels per day, answering the question about green energy. hydrogen, other alternatives, the secretary general of opec at a profile conference in texas said that oil will retain its role as a critical component in the world energy basket , the secretary general also stressed the importance of the deal, opec plus, according to al-gais, without it, consumers, producers and all world economy, would face instability and strong volatility mechanism. it has been protecting the market from sharp drops for 7 years. although in 2016, almost everyone thought that the custody agreement plus times for a maximum of six months. the peak of shale oil production in the united states will be reached, by 2030 at the most it will be possible to hold out on the plateau for several years at most, then a decrease in production volumes is inevitable. production cost inflation 20-25% per ye

taking the crown from opec. we extended our lead as a top country in the discovery of new energy technologies. including solar, lithium-ion,, chemistry. new drilling technologies. we were a solid manufacturer including four turbans nuclear electric vehicles and drilling. we allow the country to build. whether it was wind, batteries, alan kyi or pipelines. we -- this resulted energy price deflation. and the u.s. led the world in the reduction of tons of emissions. no other country came close to that combination. production, technology be in manufacturing. not china, not russia and not saudi arabia. this dramatic turn in energy pot are not only created economic growth and security. produced a new foreign policy playing field. we were no longer at the bidding of a cartel. this allowed us to take the lead in stabilizing the global energy markets when covid hit. we were so strong about the 2020 opec production agreement was announced from the white house. that was energy dominance. we did this by concurrently focusin

we reported less from opec. we were left exposed to opec. and the energy prices were set in a permian basin. for the world. that's something driving innovation, driving cost down. that allowed us to have flexibility. that is incredible. >> thank you for that. i read with interest your -- the article that you coauthored in the heel about what's interested russia's nuclear power dominance. it was interesting. also alarming. alarming that we've got to address this with our allies. something we got to work together with our allies. also mentioned about europe. adjust the -- i had an opportunity to go to europe with a conservative climate caucus. what we witnessed there is a situation where they've allowed policies to get ahead of innovation. shutting down nuclear plants. relying on wind and solar when they're not ready for it yet. we want to go to renewables. we all want to do that. we gotta do it in such a way that we don't allow our policies to get out of our innovation. that's exactly what they've done. the point that you bring up in this art

the secretary general also stressed the importance of making opec plus, according to ice without it,rs producers and the entire world economy, would be faced with instability and strong volatility mechanism. it has been protecting the market from sharp drops for 7 years. although in 2016, almost everyone thought that the custody agreement plus this was a temporary measure for a maximum of six months. the peak of shale oil production in the united states will be reached, the maximum in 2030 will be able to hold out on a raft for several years at most, then the inevitable decline in production is one of the key reasons for the specifics of the technology, roughly speaking, squeezing oil out of a stone is much more difficult than extracting it from an open reservoir inflation cost of production 20-25% per year. these disappointing forecasts at a conference in texas were voiced by two of the largest shale companies - connoco philips and piner. well, also the oil trader ganger cost price is growing, the reserves of porous rock are getting smaller, but the shareholders who have invested a

haslinda: opec has indicated is forecasting a surplus in the second quarter.for prices going forward. ben: you are right. the markets coming off this route as we go forward into the second quarter is probably going to be bumpy, choppy, not a lot of underpinning moves higher. we had the opec secretary general earlier this month saying and expressing concerns about slowing demand in europe and the u.s., but on the flipside, we have china and asia and the gains we are seeing their. for prices going forward, if we look at the near term, it will probably be bumpy. we will climb from here and get to prior levels before the route, but we will have to wait until the second half of the year for the demand coming through from china fueling into the market. some say that we could be back to $100 a barrel by the end of the year. haslinda: thank you for that. ben sharples in hong kong. tcs's ceo has resigned in a surprise move that will become effective in september. tcs has since been designated as a top company. rishaad: let's talk to our next guest from web bush securit

statement came as us lawmakers introduced a bill that would allow lawsuit against oil companies in opec plus countries. according to the saudi energy minister, the practice would damage the market, creating intolerable consequences with opec plus, looking to counter the legislation. earlier my colleague nikki, are and discuss the perspectives for further cooperation between iran and saudi arabia. with a panel of guess the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're not reliable allies are reliable partners. they've shown that enough on new administration and iran, it's policy is to strengthen ties with neighbors and also pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions, to create divisions. definitely time has changed for iran is a different iran today, maybe and target are more willing to understand the dynamics feel free on what's happening in the past decades

statement came as us lawmakers introduced a bill that would allow lawsuits against oil companies and opec plus countries, according to the saudi energy minister, the practice would damage the market and creates unintended consequences with opec plus, looking at ways to counter that proposed legislation. earlier my colleague nick, are in disgust the perspectives for further cooperation between around on saudi arabia with a panel of guests. the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're non reliable allies are reliable partners. they've shown that an honest on new administration and iran, it's policy is to strengthen ties with neighbors and also pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions, to create divisions. definitely time has changed for iran is a different around today, maybe and target are more willing to understand the dynamics feel free on what's happen

same law statement came as us legislators introduced a bill that would allow suing oil companies from opec plus countries, according to the saudi kingdoms, energy minister, the practice, would damage the market, creating intolerable consequences with opec plus, looking to counter the bill. but earlier we discussed the perspectives of further corporation between iran and saudi arabia, with journalists, and that is at martin. j radian political analyst and academic profess, the st. mohammed mirandi and geopolitical analyst, ahmed ali, bring him the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're not reliable allies are reliable partners. they've shown that an honest on new administration and iran, it's policy is to strengthen ties with neighbors and also pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions, to create divisions. definitely time has changed for iran is a differ

s. invasion of iraq, opec 2nd largest oil producer, is still struggling to improve basic services. ah, the federal reserve has raised interest rates again for the 9th time by a quarter of a percentage points in an attempt to rein in price increases in the us. but the measure could once again depressed the value of bonds on banks balance sheets, which has been linked to the turmoil in the global banking system. at its latest meeting, the fed was forced to make the tough choice between focusing on bringing down inflation or holding right steady to avoid market turmoil. so why did the fed stay the course? we'll discuss this with our guests in just a moment. after this report from gabriel at his own day on the state of the u. s. economy, the u. s. economy is certainly giving off a lot of mixed signals. right now. on one hand, there's a banking crisis that has the markets teetering, but there's also some positive signs as well. i spoke to maxwell and economists to your new york city to try to make sense of it all. most americans are nervous, some are really suffering and no one really k

basis of $100 per barrel, so it is unlikely that our partners will be able to reach a consensus with opecs and saudi arabia, which, if necessary, can artificially influence the price of oil upwards and create turbulence in the oil market . the second is china, the people's republic of china and india. these are the largest buyers of russian oil today, and accordingly, if they do not adhere to the oil pricescape, its effect will be very conditional. you, russia will still be able to sell oil at a price higher than the price cap, and the third, of course, here we have to take into account that our partners are democracies, which means that in the case of any significant turbulences on the market that will lead to a sharp increase in prices, this will be reflected in all prices in the stores of our partners and so on. and it may cause certain public protests of instability and they will not be able to support us in the amount in which they support us today, so here it is necessary to balance many factors and i think that if there was an opportunity to lower this price concept so that it woul

we are cedar, though, se, receipt of opec we are seat of over 40 international organizations. and it has also a value with the only eel country where the u. n. has a seat. so i believe there's a value there too, by joining the you and you mentioned before that you've almost set aside your neutrality on everything apart from military when it comes to military. so you've already entered in alliance effectively as members are expected to come to one another's aid in the event of an attack. so why not just go the whole hog and, and actually join nato. but i believe does the misconception in 1956 when soviet tanks were entering budapest and we are full, had our full regain sovereignty, knew for nearly 12 months and neutrality we sided with the western world. and any resolution of the general assembly of united nations against the soviet union. so from day one on, we were never neutral as far as values and principles. international law are concerned. the only thing is we don't want to join in the lines. the military lines were don't one front basis in our country and found soldiers

according to the product portfolio of each farvardin refining company, but in iran , according to the opec report, oil production iran in the year 2022 increased by 27%, despite the western sanctions, iran's oil production was able to reach about two million, five hundred and seventy-four thousand barrels per day and become the fifth largest producer of opec in 2022, as predicted due to the reopening of the markets. china's economy, the global demand for oil will increase in the second half of 2023. zahra, a scientist of sed and sima news agency, the company that builds and develops the country's transport infrastructure, said that bostan abad khavaran railway and khavaran station were officially completed and ready for operation, according to mr. khatrah. ahan , the distance between bostan abad and khavaran station 44 km has been built and the connecting road of rigi no. west of the center is shortened by 114 km to mother four. environmental diplomacy gained speed in 1401. the head of the international affairs and convention center of the environmental protection organization, referring t

could be leaving the opec cartel.ve since come out and said there are no plans privately or publicly to do that. you saw the futures market drop as he saw the officials talk down. earnings are still in the driver's seat when we talk about what is moving. were talking about crypto accounting errors. costco is down 3% off earnings. retail story is coming and strong. they did not capitalize on that stronger consumer. in the ai, giving them that boost up 4%. c3 is rallying up 25% off broadcom saying they want to invest in ai. alix: the news of her and i was interesting, the u.s. expanding its crackdown on china. the administration charging entities for national security issues. annmarie hordern joins us from the white house. can you walk us to the details of this? annmarie: there were export controls on a dozen chinese companies. it's a carry-on of other export controls and countries on the entity list. this has to do with national security interest in some of these companies dealing with sanctioned parties and iran. -- i

attack on iraq and the war in this country, the second largest oil producing country, a member of opec , is still facing problems in providing public services. the report itself assessed the problems of this country. this is the city of basra. in this city and throughout iraq , we have attracted foreign investment dollars until last month . we are eager to attract more projects. these are in full coordination with the central government. the service infrastructure sectors have reached the completion stage trade and tourism are related. some of the largest oil resources are located in one place and it is estimated to contain 38 billion barrels of oil . the majnoon oil field produces 214 thousand barrels of oil for the economy daily. the plan is to increase it to five and a half million barrels of oil in the day of the iraqi government says that despite obstacles such as corruption, cumbersome regulations and regional instability, investors lined up to invest. one of the attractions is investing in the gas reserves left in iraq . also, it is estimated that iraq has 5 billion dollars in d