Is this the biggest oil deal in history?

Is this the biggest oil deal in history?

Author: BBC World Service September 3, 2026 Duration: 26:27

US oil giant Chevron says it will expand operations in Venezuela, with plans to invest more than $7 million to double its output there over the next five years.

As Uber leaves the Nigerian market, we'll look at what that means for drivers and passengers who depend on the platform every day.

Plus, the Venice Film Festival has rolled out the red carpet. So why does it feel a little less glamorous this year?

Photo: EPA/Shutterstock


Every weekday, the World Business Report from the BBC World Service cuts through the noise to deliver essential global business and finance intelligence. This isn't just a summary of market movements; it's a grounded analysis of the forces shaping economies, industries, and livelihoods across continents. You'll hear directly from the BBC's unparalleled network of correspondents, on the ground in financial hubs and emerging markets alike, providing context that turns headlines into understanding. Each episode focuses on the day's most pressing stories, from corporate mergers and policy shifts to technological disruptions and trade dynamics, all explained with the BBC's trademark clarity and depth. Tuning into this podcast means getting a truly international perspective, hearing how decisions in one corner of the world ripple out to affect prices, jobs, and opportunities elsewhere. It's designed for anyone who needs to grasp the interconnected nature of modern commerce, whether you're directly involved in the business world or simply want to comprehend the economic currents influencing daily life. The reporting is timely, authoritative, and always prioritizes factual accuracy, making it a reliable resource in a fast-changing landscape. For a concise yet comprehensive daily briefing on global economic affairs, the World Business Report delivers consistent insight.
Author: Language: English Episodes: 50

World Business Report
Podcast Episodes
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Japan's central bank has raised interest rates to their highest level since 1995, we'll be finding out how one business is feeling and will more rate hikes be the new normal. The Australian government is considering a to…
Canada wants closer ties with the European Union [not-audio_url] [/not-audio_url]

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Canada's PM Mark Carney is in Europe to discuss an EU-Canada Associate Member deal. President Trump suggests such a deal would be ‘hostile act’.Motorists in Nigeria express fury at the rising cost of petrol and diesel.An…
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Duration: 8:57
The European Union has announced plans for a social media ban for young people at the same time that tech bosses have backed restrictions for similar age groups. Luke Wilson hears from a researcher of Digital Child Futur…
Fed raises US interest rates by 0.25% [not-audio_url] [/not-audio_url]

Duration: 26:27
The Federal Reserve has raised rates for the first time since 2023 the bank focuses on inflation fight. Chair Kevin Warsh defied Donald Trump’s calls for lower borrowing costs.2026 summer wheat exports from Russia and Uk…
US businesses brace for Fed decision [not-audio_url] [/not-audio_url]

Duration: 9:01
As businesses in the US prepare themselves for a potential interest rates hike, Luke Wilson hears from a dairy farmer about how it could impact his bottom line.Plus, as President of the European Commission Ursula von der…
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Duration: 26:27
In recent weeks the US Treasury Secretary has tried to tame the bond markets. The cost of bonds affects how much you pay for borrowing such as mortgages and credit cards. But can Scott Bessent succeed where so many befor…
How rising fuel is affecting German industry [not-audio_url] [/not-audio_url]

Duration: 8:57
As fuel prices rise across the world, Luke Wilson hears from an economist in Germany about the impact on the country's industry.Plus, how are costs to borrow money affecting mortgage rates?
Does AI need a kill switch? [not-audio_url] [/not-audio_url]

Duration: 27:49
Anthropic co-founder Jack Clark speaks to the BBC about the dangers of AI development and need for regulation, as the world's biggest AI bosses call for a pause in development, we find out does AI need a kill switch?Also…
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Duration: 8:58
As bosses of AI companies call for a 'slowdown' in the development of the technology, the BBC's Luke Wilson explores if it's even possible without China onboard. Plus, Africa's biggest ever public share has opened in Nig…