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Episode details

World Service,28 Nov 2014,18 mins

Has OPEC Lost Its Power?

Business Daily

Available for over a year

OPEC: Can the cartel of oil producers still influence world oil prices? And is the falling oil price a sign of global economic weakness or a boon for the world economy? The BBC's economics correspondent Andrew Walker is in Vienna, at the OPEC meeting, and speaks to independent oil analyst Cornelia Meyer. Also, the BBC's Matthew Price reports from Luxembourg after the European Commission starts an investigation into whether the city-state is acting as a tax haven for some global companies. Plus, the BBC's Korea correspondent Steve Evans looks at how Seoul's plastic surgery industry is facing a backlash following a series of horror stories.

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