iPlayer Radio What's New?
Image for Is OPEC in Control of its Members?

Play now 18 mins

Is OPEC in Control of its Members?

Duration:
18 minutes
First broadcast:
Wednesday 03 February 2010

The Secretary-General of the oil producers' group, OPEC, has told Business Daily that the global recovery is still fragile, which will affect demand for energy. Abdalla El-Badri admitted to Lesley Curwen that OPEC producers have increasingly flouted production targets and churned out more oil than agreed.

The question is whether OPEC is losing control of its members. Abdalla El-Badri said that there were no sanctions available to make members stick to production targets: they were ruled by a gentlemens' agreement, and he would be urging oil ministers to abide by decisions taken at meetings.

He expressed concern about the possibility of a glut, which could depress prices and leave producers without the money they need for vital future investment.

Plus, the BBC's Caroline Hepker reports from New Orleans on the business model of the American football league, the NFL.

And technology commentator, Jeremy Wagstaff muses on the concept of smart phones; how good are they at the original purpose of making calls?

Broadcasts

Podcast

  1. Image for BBC Business Daily

    BBC Business Daily

    Examining the big issues facing the global economy, Business Daily demystifies the world of money.…

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Added. Check out your playlist Dismiss