comparemela.com

Hello again welcome back well of the last 24 hours we have seen plenty of rain here for parts of central thailand you can see on the satellite image all of the clouds across much of that area here over across the gulf we have seen over 175. 00 millimeters of rain and the flooding has been substantial were going to see more rain as we go towards the next couple days across much of that area just to the south of bangkok that is where that line is by the time we get to wednesday though a lot more rain pushes it more towards the north so flooding is going to be on the rise across much of the area down towards the south though it is going to be the clouds across job as well as bali with a temperature of about 33. 00 degrees there well ford parts of australia were going to see a storm pushing through the storms going to bring some rain winds as well as snow to the Higher Elevations and you can see the clouds right there making their way towards New South Wales now this is going to bring a little relief in terms of the drought you can see the rain anywhere to sydney and south here on tuesday by the time we get towards wednesday the area of rain starts to make its way towards the north so any rain across this area to help relieve some of the drought is what we do need but of course we do need much more rain on a longer period of time up to the north though brisbane is looking at 26. 00 degrees up towards townsville at 29. 00 and a very warm day for Alice Springs with a temperature of 33. 00 degrees. Can see plays and experience the world like never before cant own it ways going places together. Youre watching aljazeera a minder of our top stories this saturdays drone attacks in Saudi Oil Facilities and target a record jump in the price of oil prices have since dropped u. S. President donald trump has authorized the release of americas Strategic Oil reserves to fill the market gap if needed. In the u. S. Government has released satellite images which are said to show damage from saturdays attack the drone strikes claimed by yemen school fees have shot off about hof of saudis oil output. Votes are being counted after sundays president ial election in official results are due on tuesday but supporters of 2 of the 24. 00 hopefuls are already celebrating the establishment candidate sky side and now bill called we both say they won the 1st round the winning candidate needs more than 50 percent of the vote many chinas ians think thats unlikely to happen and expect a runoff in november Stephanie Decker has more from the capital tunis. Half an hour before voting was due to start a small queue had already formed tunisians waiting to have their say on who is going to be their next president. They should have i came here to vote in order to get someone who can get this country out of the crisis the economic crisis the financial crisis we have lots of debts its very frustrating for me so im not fully convinced about any of the candidates because there are so many and i havent seen them from the beginning its the 2nd time tunisians are electing their president since the revolution 8 years ago tunisia is often quoted is the only democratic Success Story to come out of the socalled arab spring the 1st country where its people took to the streets bringing an end to the 23 year rule of president saying. This is democracy in action yes there are many different candidates to choose from but the question is what can they offer the people are they going to offer real change or is the next president going to be more of the same voters here are telling us theyre tired of empty promises. The next president is pressing issues to deal with unemployment is higher than it was before the 2011 revolution the security situation is a concern and corruption remains rampant the new leader will face a population hungry for change especially the youth many have told us they dont trust the politicians shola can move to make sure these elections are a good thing its the 1st time weve had a debate on t. V. With our president ial candidates we used to watch the debates on t. V. In the United States and now were watching the same thing here in tunisia thats the 1st. National and International Observers were polling stations across the country we knew just a gradual slew of people but interestingly we saw many elderly coming in very in the morning and being very well organized and there has been no issues and so so far its been good were just hoping that by now the young people would have come on rules and increase the percentage of luminary result scituate or with the official announcement on tuesday the winning candidate will need more than 50 percent of the vote and no one expects that to happen the likely scenario out of 24 candidates the top 2 will head to a runoff in november by the end of the day tunisian should know who they are Stephanie Decker aljazeera tunis ok lets talk more about our top story the aftermath of attacks in saudi arabias Oil Facilities with me is measured as wary of the director of the Gulf Study Center at Qatar University thanks very much for joining us on. I want to talk to you about this phrase that President Donald Trump has is that the u. S. Is locked and loaded to deliver a day it is establish who it was that was responsible for what do you interpret in that there is a context the context is related to the the basically bolton. Resignation or sacking of him by the president and also to the new environment about possible meeting between trump and and i think the president wants to say wont send the message to the world that if there is there is a logical position to be taken to him to take that position he doesnt need bolton he doesnt need hes the president secondly i think there is sort of attempt to destroy any opportunity to have a meeting between rouhani and trump. On the one side with the meeting in london and in new york so i think. Those are 2 reasons i think behind all of this. According to his 3 years in the office he used basically force of twice one in syria and the 2nd one and yemen and both they targeted one of them the one basically the Syrian Regime after using chemical weapons otherwise he is not the man who want to use violence. Weapon to achieve his goals he is in and have been saying that yes it was definitely them that theyre using new drones which have new engines and thats why they were able to achieve this if the evidence arrives that it was then that there is an identifiable target how great is the rest that donald trump is essentially backing him the self into a corner where he is going to have to take some sort of action lets lets put the drone issue in a context the drone the use of a drone in the last 34 months exactly similar to the hacking phenomena when people use technology to hard. You know governments its unlikely its unusual to see the player who did this actually acknowledging that organizing and by doing that they are saying this they are sending a message to saudi arabia that if we cannot fight you but we dont have the air forces we can defeat you in other fronts having said that i think there is no clear evidence yet about the sponsibility of who he is about that i think the whole he is using it for political purposes i think if there is an you know a curate evidence in the americans hand or in the saudis hand i think the americans may target some of the who fears in yemen and that would explain the statement said by trump i think if theres any reaction if it would be in yemen and anyplace. Let me whiteness out a little bit looking at the tension and the geopolitics that exist in the gulf at the moment if it isnt there who sees who would have benefit to do Something Like this. You know there are different players i think iran is benefiting from the iran iran lets remember beginning of may 2019 iran sent the message that if we dont export our oil none of the other players will be able to export this oil and actually they implement this you know listen member of incident lets remember the. Events. And to remember also lately whats happened on these drones from different ok just so the iranians are the only player who are benefiting without basically they are saying no one kind of play with us and basically they are testing the other side remember they did all of this they have the confrontation with you over the ship and they still they are actually keeping the british ship with iran and there is not really action they actually you know the american drone has been destroyed on the iranian soil the american has or is not a sponsor so iran is actually testing the water of the actions no seriously action has been taken yet and i think iran is if iran is behind this they are looking for more to see what would be a possibility action especially when it comes to the oil and this helps basically has a serious impact on the prices and we saw it in the last 24 hours obviously it will affect more in the next few weeks as well to get your analysis and mostly as you measured thank you very much indeed. Police have surrounded a group of zimbabwean doctors who are demanding the release of their union leader doctors have blocked roads after a march into the capitals largest hospital the Zimbabwe Hospital Doctors Association says its president Peter Magowan body was abducted on saturday it recently called for a pay strike after complaining about how the poor state of hospitals on low salaries have been affecting people symbolically and doctors are in less than 40. 00 u. S. Dollars a month out of the tonsils in the capital far less hot on the heart of just give us an indication of whats been going on. While doctors in the capital and in the 2nd think hed pull away say the. Hospital until they quote a doctor going day has been found they say they think you know that i think they security agents all they know is that over the weekend you think that a number of take on the phone and posted a social media they do you think followed by strange men and being they was. Thinking but you told me the great win in. Mother brother in that hes been saying for weeks along with other doctors that the money they ending is simply not enough they are struggling to make ends meet so the people you colleagues have been trying to mock you pasted him in the middle got was off his body and to be allowed to come by the right police the police the gay thing the matter the aging doctors there. Either go back to work and to remain and it may be investigating what happened. Thanks very much indeed police in the democratic republic of congo have a rest of the governments former Health Minister. Is accusing accused of embezzling 4 and a half 1000000. 00 destined for a bull epidemic patients ebola virus has killed almost 2000 congolese in the past year his lawyers deny he was planning to flee the country. Dozens of passengers are missing after a river boat sank in democratic republic of congo police say 76 people on board were rescued but 36 others a feared drowned in the congo river boat went down overnight on saturday as it headed for the capital kinshasa. And rescuers are searching for dozens of people feared drowned after a tour boat capsized in india the boat was carrying 73 passengers sunk in the go dividing a river in the Southern State of under pradesh 26 people have been rescued and at least 8 bodies recovered so far voters in israel head to the polls on tuesday for the 2nd time in less than 6 months by mr Benjamin Netanyahu is threatening to annex land in the Jordan Valley if he wins and palestinian farmers are voting to protect whats theirs in the abraham reports from qalqilya in the occupied west bank this is the 1st time to manage but a head planted on this piece of land and called. His harvest of up a goddess should make him a prophet in 2 years but the climate is not a threat the location in. The land is an area c. A term describing more than half of the occupied west bank the tools under full israeli control here palestinians need israeli approval to build or develop their lands but all around them new israeli settlements are sprouting up here and its a risk but if we keep being scared then we wont do anything yes israelis have the stronger hand when it comes to control but we shouldnt leave our lands. Jim and received support from a Palestinian Government project to farm the land the government says it will disregard israeli control over the area but that might be easier said than done. Israeli Prime Minister Benjamin Netanyahu has promised many times to apply jewish sorrentino with. The latest his pledge of annexing the Jordan Valley if he wins the palestinian leadership says its not just the threat of course is using this as a ploy to pander to his extreme right wing racist base but at the same time hes been implementing this on the ground gradually below the radar and some cases but now with from this administration and the u. S. There is no need to fly below the radar he is now concretely and specifically carrying out these steps and declaring them announcing them whether netanyahu remains in power or not observers say political progress in the occupied territory is unlikely. To result in the terminology used in israel to discourse knowledge a political settlement that sees keeping the israeli settlements and outposts as it is they talk about the Jordan Valley as a place they can go there was never a consensus about this issues in the past for many palestinians it doesnt matter who leads the government as israel shifts more to the right this radio elections heavily influence palestinians lives but they dont have a say in. The occupied west bank workers and u. S. Automaker General Motors have go. On strike for the 1st time in more than a decade or than 49000 people have walked off the job 31 factories across the country the United Auto Workers union is pushing for better wages Health Benefits and job security guarantees threatened to stay on strike until an agreement is reached. It could cripple g. M. If the strike lasts long enough currently the automaker has been preparing for some type of action and they have a 77 days supply of new vehicles on hand that number fluctuates depend you know what vehicle youre talking about if there are more profitable more popular s. U. V. S and trucks they have a lower days of lying in the fiftys but if this drags on and the nude essentially means they cant build any products dealers wont be able to sell those products because there wont be anything there this is a very significant action its sort of the last resort that the union has in negotiations that reshape impasse in we dont know yet what the impact will be on General Motors it depends on how long the strike last but workers in less than 10 hours now will leave the Assembly Lines in form picket lines outside of all geos facilities all workers are looking for higher wages theyre looking for retention of very lucrative Health Care Benefits that theyve been able to keep theyre looking for all the greater share of the profits that General Motors ford and chrysler have been able to amass over the years and theyre also looking for protection for temporary workers to try to find a way for them to reach full time permanent status the u. S. Pharmaceutical company implicated in the Opioid Epidemic has filed for bankruptcy how do manufacturers they addictive painkiller oxycontin blamed for causing the deaths of thousands of americans many use the painkiller as a substitute for how to win and other opiates and a potential 12000000000. 00 settlement the companys lawyers weeps a tentative agreement last week to end legal action by several governments. This is these are the top stories saturdays. Drone attacks on sunday Oil Facilities triggered a record jump in the price of oil prices have since dropped us President Donald Trump has authorized the release of americas Strategic Oil reserves to fill the market gap if needed. And the u. S. Government has released satellite images which is set to show the damage from saturdays attack the drone strikes claimed by yemens who fees have shot off about half of saudis oil output votes are being counted after sundays president ial election in tunisia the official results on june 3rd tuesday but supporters of 2 of the 24. 00 hopefuls are already celebrating and establishment candidates criseyde and we both say they won the 1st round the winning candidate is more than 50 percent of the vote armed police have surrounded a group of zimbabwean doctors who are demanding the release of their union leader doctors have blocked roads up to march into the capitals largest hospital Zimbabwe Hospital Doctors Association says its president Peter Magowan body was abducted on saturday it recently called for the pay strike after complaining about the pros state of hospitals and low salaries zimbabwean doctors and less than 40. 00 u. S. Dollars a month if he actually unfortunate that he ended up coming through. We have by we saw it not being able to afford to give you kind of a lead and think it looked after youve been down towards the end without food for getting the sand. We are not talking about then look talking about buying cars theyre not turning up with anything just to stand by just to be able to look for when. You call police in democratic republic of congo have arrested the governments former Health Minister or the longer is accused of embezzling 4 and a half 1000000. 00 destined for a bowl epidemic patients his lawyers deny he was planning to flee the country. The u. S. Pharmaceutical company implicated in the Opioid Epidemic has filed for bankruptcy purdue manufactures the addictive painkiller oxycontin blamed for causing the deaths of thousands of americans and those are the headlines the news continues here on aljazeera after witness by phone. Was. Asked i. Never had a duty to have him. Do the. Last think it. Came to see. Me would be. Dependent on a child while. I just told. My adult. Who are going to go to the were going to get on it im going to do him as an eye. On what i am it does not run without a fight. And not just most. Shop with pride in it on ones own mum with a love. Of a family i want a man of any campaign. I look at what i want to look at the get up and that id be sitting there waiting on i dont look what im on doing what im going to not leave out on. Saturdays i dont want to keep trying relate to you that im a hostage. Or the egg. And. I dont. Good seems like most of us dont know how to use in Nicky Campbell the whole war audition was the iraq invasion was in mildly thank you wed better. Be sure to have a. Good time on here. Im going to go on a man. That i. Was. Sure. They want to know caught on. Then well. Not going to mimic and his allies you need a new to them you are not going to. Quote i mean or doesnt he. Hello on monday new years day there is a that i was in i got a. Charity event. Which. Is a little my guess and then i am a. Human. And almost. All of the movie i thought is that if i would use one of the. The minor amount of the way they do you. Little girl book would have made a lot of money in the old world of the d. S. And. Not all are gone now me running. Around on a box or theyre going to die. For that is the most estimable. Want to get out of this is terrible. So i wanted to know what it was. Because. I did. I dont. Have a lot of men let me live on a mother but you know what you know how to call it dont. Want to be you go on going on like your home what do you do you have all known as the n b a little rough. So you. Are of all of the follow on to tell you what im on and im going to sleep in your motor home or develop in a country strong want to live long do you know im going to own a modern. Shark probably. Shouldnt be there gene. Down right as he was he just finished talking to us so i want to. Know what. My confidant. I mean to. Be good be. As you mr destroy. Everything here big picture which of these all round were all going to see. Showpiece here again this is the last stand. As fall as living for a canadian. And you need to know im just thinking that. She have this. Shaken down me money a. Good thing. Wow. And then im going to get out of the one of them now. And then im not going to the building when i am. I dont know maybe i didnt i mean ive been going was one of them. Theyre doing and dangling their dear mother home and theyre full of all the audacity of love i got the idea they are for dinner my grandmother out of l. A. I said im Monica Mccann there are literally on the hour every monday already on other do so i like the moment im going to go there do you mean all about the right size. Mobility wherever i was to get a better one be in the chair. And got it wrong me i love your show love for the book i mean morning when are you game going to get back to knowing a good strong to be true for last year was when i was the right course already it also was already won a lottery. So that my survival for the loss of one of them will force the other so theres a book that has a. Little of i must remember this side of the lower level doesnt. Tell us a saloon. Mind sharing with. The title by the one saying. My in my short but im a little midget im not going to go. Down there wow i had a boy boy were like. I dont mind to see what i want to fix it. Ive got on this kind i want to fix it. She would offer a model wife. A lot of pregnant you were visitor but the one in been months i must run minutes or visit. As hard as i would love them honest men. They met 5 the number one man whom i shared with you yet im still less than 100 and some are no. More thought on me yeah we have about a little less chance. Its just. These. Then that would be. Some who would still. Be. It would still be that. Young pushing a good. Deal of russian and that i. Couldnt even play even around the. Judge and no doubt the. Girls were boys. Just as well go on this if you want i. Dont mind. Going to stay there. Very good so the big b. Looks like about me. As a. Member of the without a reason to want their owners are very. Little which is me ok good very good. For their girl going to school with are sure going member or more im going to sit. In the little. 6 and i shouted what is with them on the bus going to go hide behind and i. Can never learned. To write in writing and i. Went out of hand on the rigi out of my one cure. Your. Manager of course. Of course going to. Go to a little. Bit of an im going to im going on the bus tomorrow when i only get there when i get through. Or ill write it. In the end already. The violate the rules it was i dont know if i can. Im a bit of back and. I heard it hes just going to. He. Really. Is. One of the very by the day. Im going on and on about my pulling the donald. Donald i 0 0 7 oh oh oh. You mean you know when im on the roster. Theres no monologue im of it in the moment were going out of rhythm and want to remain National Young not to. Do with someone in front of these are in trouble i mean it didnt organize. That over the moon. Well i was kind of. Going to do john boehner i bet you got a ball i didnt go. And i saw a dog id been. On a phone. Then what is a hold of those it would have been as theyve been given to do you do you get. That out of. Them going their way. And that i havent done when i. Thought you. Were the. Easy going and i do yeah. Yeah. Youre. Funny john. Im going to monitor music since im going to want to know. One of those on the night was one of them on the main but on them and. Not on my little girl that i was on another letter and you know i was then in at. Least. One you remember. Our. Families. You. Know you. Tube. And the number. One on the on that one. Can be on do a lot of good and bad when they when they are good on one of our the other and then i was out of our in the hall a. Little. Either. But it was the manager and the other girl that we didnt want to ban you from the what am i going to do. Ya know one of the lot of a. Lot of. Crowded. I have no reason. To harp on your. Idea. Of what you have to go to the young. Man. For. The afternoon go to take you to. Another when you know that a very. Sudden youre going to. As we need to. Saying we dont need that much. Time when i do that i yes i am i really dont know how do i get out and how do you like it how do you like that i. Go to the layout im out. Here to gather so youve. Got blood injected into. Me being hospitalized and it kept you didnt i. Didnt they didnt know that. I dont have the local market im on your mind. But im not i dont know how to run youre going to go out i mean you did not do you dont know. All of them are you here are going in. Im going to. Lay out of it. But i dont. My little brother until my right. Lerman those very with early will. Mozzie him with the we. Shant im going. On with the. Most jaded of my a lot of quantity. Im wondering. Part of. My. Thought on why the. Show right down on the part of. Our major the should be bizarre not. A monkey. I mean. Me. On no good. Morning. Hello. I mean its. Going to cambridge range yeah me either it was or. When it could have been good a meter so you need to look at the tickets not read it over the 3 daughters that are really going to get down there on the go over. Its a little bit we must going to does it dozier point the run out i want to bring it out and try. To run us as yours as i knew you did the moment they reminded me of the record but as you know partially money. Can buy me were going to get going to gunshots. Mind you wouldnt and were going to get dollars out. So that from. Now on all military in fantasy land by the way then again. You visited us on other may want to let you know that it will throw them about 3 g. Venta han our right as a general and as it was a horrendous talent you do it alone i. Want to sit through here you know or do you buy me a zip it up by the heart of what what it will want to see it every 3rd ok i have a couple left. In his. Eyes and i want a big yard down one arm it seemed never in the near. 5 or one or the good theyre going to miss when. Theyre going or of the movie or was. There a doing a 0 then they were they were. On the booze or the mother got a load on the ground over there. And theres. So if you begin the island i didnt know you really. Had no hello. Sayen am i might go to jail 100 of that i r yep and then i am. Going to get it. School so i go to the me just say im going to learn starbucks is my list is the list 0 dollars the sides are going to just say. Hello mike theyre doing. Im just you know. Im not i was you would decide you know and im going to teach. You dont mind the money im going down you know you have what theyre going are going are were going to their dream of them over. Yeah i would be bad there were mad would you go my dear. Our miss i love arianna i mean. Theres no doubt. But. That was your thought and thats why you keep on with the crowd now a little bit though paul ryan it. You know in my day there. I knew they were lonely as they were in the and they would be giving seeds. When they dont want it and i going to do you know been my eyes in turning enough. That theyre running as a miner. In my place. One more long one. And i dont want to kill to do benyon bag. I mean my concept of all about it. Though is a diagram. I mean a lot of theyve. Got some coming. From inside the walls of a west african. Prison comes approach ho ho a chance to create to express emotion and take the 1st steps towards rehabilitation. A renowned choreographer shares his passion for dogs inspiring prisoners to perform and to reach beyond the ill deeds of the past and the confines of their present to the dance of the witness documentary on the aljazeera business updates brought to you by Qatar Airways going places together. In. The in. The in. The. Business updates brought to you by Qatar Airways going places together. With. The koreans. This is al jazeera. Hello im sam hes a than this is the news hour live from coming up in the next 60 minutes all prices saw after the attack that cut saudi production in half the u. S. President says hes locked and loaded to hit those behind it. But china says its irresponsible to blame anyone for the attack without conclusive facts. Turkey hosts leaders from iran and russia to discuss syria especially the situation in the last trouble held there. Casting aside the establishment its political outsiders in the leaders counting goes on into next years president ial elections and im only a hearting with sports as lot of it scores a hat trick to break the gold record at the l. A. Galaxy. Oil prices have surged and the u. S. President is declaring is ready to strike back after an attack on saudi arabias Oil Production exactly how long it will take to fix the damage to the Worlds Largest Processing Plant is yet to be revealed prices spiked 19 percent their biggest single day increase on rec hold on monday trading began theyve since settled now around 9 percent donald trump tweeted the u. S. Is quote locked and loaded waiting for confirmation of who attacked the oil plants on saturday yemens hooty rebels claimed respond. The birth in of war and they may target the facilities again they say the drones use new machines new engines rather meaning they can reach anywhere in saudi arabia well china is the largest importer of saudi oil it says its irresponsible to blame anyone for the attack without conclusive facts the u. S. Has said iran was responsible allegations to ron rejects shahzad there are 4 begins our coverage these satellite Images Released by the u. S. Government appear to show damage to part of the oil plant at alba kike inside the arabian they could prove vital in determining who attacked the plant and from where it looked like they were damaged in the north and west part of their facilities which would mean that they didnt come from yemen but then ive looked closer and other people who are close who are those photos and its not quite clear looks like some was just from the west could have been coming from yemen but dont forget the whole east up and launching drones and the missiles against saudi arabia where several months now none of them have been able to cause the damage that they did these did but this is not new for them though. Who the rebels in yemen say they flew armed drones across the border deep into saudi arabia to attack 2 major Oil Facilities if confirmed its their most ambitious and devastating operation following dozens of smaller scale strikes in the kingdom in recent months. We exploited vulnerabilities in the Saudi Defense system and we built our drones in order to avoid these systems therefore the saudi and m. Iraqi airspace became open to us after their Defense Systems failed to even spot the drones. The us secretary of state flames iran for saturdays attacks my pump aoe says theres no evidence they were launched from yemen although he hasnt explained how iran is to blame or where the drones took off from secretary powell has made clear that the Iranian Regime is responsible for this attack on civilian areas and infrastructure right are vital to our Global Energy supply and were not going to stand for that in fact our department of energy stands ready to tap into the Strategic Reserves of Petroleum Reserve asked to stabilize the Global Energy supply iran says it rejects the u. S. Accusations. What is concerning is the wrong path of the americans and the region they are supporting saudi arabia and the u. S. In a set of consisting to the role in creating instability the point the finger at other countries in the region dialogue between regional neighbors is the only solution to resolving the conflict. The state owned Oil Company Saudi Aramco says the fires started by the attacks knocked out more than half of its entire daily output close to 6000000. 00 barrels of oil the Saudi Energy Minister says stockpiles of oil will be used to offset the loss of production but oil markets havent seen a shutdown on this scale since iraqi troops invaded kuwait to start the 1st gulf war in 1990 and its not clear how long repairs will take the impact will depend on how quickly the saudis can restore full production. For. Iran says its ready to cooperate with the United Nations and countries seeking peace and stability in the amman and the region dosage of bari joins me live from tehran how concerned are arabian officials about the finger is already being pointed at them well this is not something new for arabian officials theyve said that this is not the 1st time the u. S. Government has accused them of carrying out such attacks and this is something that they are used to the Foreign Ministry spokesperson up us moussavi reiterated the countrys position and that is that the iranians are not supplying the hoose the rebels in yemen with any military aid that their relationship with this group is a political and diplomatic one lets hear some of what he had to say. That we dismissed these allegations iran has explicitly said that it defines the rights of the human people accusing iran for these attacks is in line with the a mix and to seek to policy and we are not surprised by such communist countries who make these comments do so to make themselves feel more secure and reaching the goal as we can the nations which are totally baseless. The analysts that weve spoken to here believe that this latest accusation by the u. S. Government is another attempt to try and pressure this meeting to take place between u. S. President donald trump and his arabian counterpart Hassan Rouhani later this month at the United Nations General Assembly but the Government Spokesperson earlier where he reiterated irans position and that is that no meeting will take place between has some rouhani and donald trump until the United States. Leaves these sanctions are imposed on iran and come back to the Nuclear Agreement which they abandoned last year thats the position here in this move is being seen as another attempt to try and force iran back to this negotiating table. From to her own thanks for that. Saudi arabia has about 188000000. 00 barrels in reserve thats just under 40 days of creeks Processing Capacity millions of the reserves are kept in the country itself plus 3 locations in the netherlands japan and egypt the us has the largest emergency supply in the world at 644000000 barrels only the us president can order the reserves to be used and thats only happened 3 times you can take around 2 weeks for any oil taken from the reserves to have any effect on the Global Supply after the us the largest reserves are in china japan and south korea all 3 countries are major importers of saudi oil south korea has said it will consider releasing from its reserves if needed and joy the nanny is an economist and former deputy Prime Minister of jordan joins us now live from amman good to have you with us so do you think the announcement by countries that they will release or will consider releasing their reserves will that be enough to calm the markets. A little bit about. Last months made by President Donald Trump yesterday of the museum it did not actually affect the market at all on the contrary of the market sean volatility between one minute and the other but still it is on the rise so therefore i think that. An increase of floor almost 20 percent in the price of w t r on the price of brant mix is an indication that the market is still jittery and does not he does not feel calm about this so it is an erratic situation do you think the right is going to continue to go up. Well that is a possibility but not for long because i think what will happen right now there is the challenge in front of saudi arabia faces is that it should continue to supply its usual customers with oil otherwise they would start either digging into their own started Petroleum Reserves or they would look for are for alternatives to buy from other markets and so therefore i think that saudis will have to go to their oil reserves if the situation is going to linger for a long time i believe that many countries would probably interfere in from using live reserves because they want to use them for their own domestic purposes and emergencies and they prefer to keep them otherwise they will have to play an issue that is theirs they use with higher prices so in a way the pens like you said in your report it depends on how long. To. Go in to take and how 1st it can be done whether there were that of the increase in oil will be gradual and or do they have to wait until the end of that process before they can go back right in normal production also depends a little bit on what the houthi stew right whether this becomes a regular thing a tax on the ram co yeah this is that is a very important point here because of all right now for instance you you have you have the possibility that saudis might retaliate it and if the saudis it earlier than the whole of the hoses photos she would then it doesnt matter whether the iranians are actually at being them or not or where they come from iraq that becomes an open war that is going to really infuriate the markets to limits that probably we have not seen in a long time no doubt what will this do to the saudi budget i mean prices may be higher but its production is down. Yes it is hard because as you know the i. M. F. Has recently issued a report saying that while the projected deficit in saudi arabias budget this year was supposed to be 4. 2 percent its not. Just a myth of that 7 percent that he sent the most recent i. M. F. Report projected it to be over 7 percent so in a way if this comes proves 2 or less 4 door to linger for one month or 2 months then i believe that this saudi deficit could go up to 10 or 15 percent plus the fact that there is g. D. P. Will also be impacted so the. Reassure of budget deficit to g. D. P. May not look as big as it should be because there might be a decrease or Slower Growth in g. D. P. Which makes the difference there is sure to look less than what it is actually all right good to get your thoughts and analysis on that thank you so much joe. Thank you thank you sam

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.