BBC World Business Report

United Arab Emirates is quitting the Opec and Opec+

Loading player...
The United Arab Emirates (UAE) has said it is quitting the Opec and Opec+ groups of major oil producing nations after nearly 60 years.

As people continue to feel the pain at the pumps, energy giant BP has announced massive profits - meanwhile oil prices continue to climb.

And with the World Cup just weeks away there's a race to finish Mexico City's airport and stadium before kick off.
28 Apr 11AM English United Kingdom Business

Other recent episodes

Trump announces 25% tariffs on cars from the EU

The US President Donald Trump has announced a new hike on cars and trucks imported from the European Union, accusing the EU of not adhering to their trade deal. In the meantime, Beijing has announced that fifty-three African states will be enjoying trade-free trade with China - all except one,…
1 May 6PM 26 min

Global fertiliser shortage threatens 2026 crop yields

A third of the world's fertiliser is sourced from the Persian Gulf region. Farmers' are now predicted to produce smaller crops this year, affecting 10 billion meals a week. French car maker Renault says there's been a huge increase in interest in electric vehicles since the start of the war…
1 May 11AM 8 min

Oil hits new highs - how bad will it get?

We hear how oil prices have been swinging sharply, with Brent crude briefly hitting 126 dollars a barrel as tensions in the Gulf raise concerns about supply and the wider global economy. Saudi Arabia is to stop funding the LIV Golf tour after spending billions to lure top players away…
30 Apr 6PM 26 min

Oil prices on a rollercoaster ride

The price of Brent crude hit a four year high on Thursday before falling back. Markets were reacting to comments from President Trump about maintaining Strait of Hormuz blockade. Gulf oil producers are running out of storage space for oil production, as exports remain restricted. And Saudi Arabia is pulling…
30 Apr 11AM 9 min

Powell says he will stay on as Federal Reserve Governor

Jerome Powell says he will continue to stay on as Federal Reserve Governor, even after his chairmanship ends. We look at what this means for the future of the US central banking system. Three ships have been hijacked off the coast of Somalia in the past week. We look into…
29 Apr 6PM 26 min
All episodes