Coronavirus restrictions as it tries to revive a faltering economy will have a live update on that and the challenges faced by indias farmers as they struggle to sell their crops on the lockdown. So were looking at oil this friday as an agreement among the worlds Major Oil Producers to cut their output comes into effect it follows the collapse in Global Oil Prices by a slump in demand because of course the pandemic it seems the deal may have only happened because u. S. President donald trump reportedly pressured saudi arabia implying the u. S. May withdraw military support all the details now in this report from some of it. All and more to do not mix but politics an oil bomb very well there is no official transcript of the conversation between the u. S. President and the Saudi Crown Prince which resulted in. The arabias latest Oil Production cut reports suggest president all trump told muhammad bin sell man that u. S. Forces stationed in the kingdom could be withdrawn if saudi arabia did not stop flooding the market with cheap crude within days riyadh announced production cuts and ended its Oil Price War with russia. 20 members including quit in norway have already announced cuts in output but questions still remain over compliance the us president has taken credit for the nearly 10000000 barrel cut by Oil Producers which comes into effect on friday i think i got them to cut. The. Well they say 10 they say 10000000 but i think its very steamy and. I even heard. Saudi arabia and russias failure to agree on price stabilisation lead to a 31. 00 day a price war which has resulted in a massive oversupply of crude that combined with a coronavirus shutdown of the worlds Major Economies provided a perfect storm. For the 1st time in history traders were paying to get rid of world stocks after storage ran out and u. S. Crude futures dipped to a record minus 40. 00 a barrel the International Energy agency estimates global Storage Capacity could be fall by mid june. With a powerful lobby and nearly a 1000000 u. S. Hydrocarbon sector jobs at stake its now an issue of National Security for the United States were also exploring potentially having the ability to store another several 100000000. 00 barrels so were looking at lots of different options were in touch with lots of people around the world and the president is determined that we protect the National Security interest and the job with flights grounded no one driving and factories closed analysts estimate the demand is in excess of 30000000. 00 barrels even though some restrictions are slowly being lifted the Energy Market is gloomy and positive predictions International Oil prices estimated to average around 35. 00 a barrel while the u. S. Price is expected below 20. 00 a drop of 60 percent compared to last year major firms such as Royal Dutch Shell out of readjusting shell cut its dividend for the 1st time since world war 2. Western europes biggest oil and natural gas producer wants to ease tax rules for oil firms to prevent a drop in investment there is the short term benefit for Oil Consumers the European Central bank says inflation has declined due to the shop foreign oil prices but slowing growth globally job losses and declining industry coupled with falling Oil Production doesnt bode well for the Global Economy some of the job there. Lets rewind a little further and see the steps to where we are right now Global Demand for oil plummeted because of the lock downs the travel restrictions the reduction in Economic Activity and so major producers met in vienna back in march to work out how to keep prices stable but failed to reach an agreement opec recommended taking 1500000 barrels a day off the market if russia agreed to cut production as well but russia said no so producer saudi arabia retaliated and announced a production increase instead the price war lasted nearly a month and prices dropped below 20. 00 a barrel moscow and riyadh did resolve their differences and agreed to gradually cut production by 10000000. 00 Barrels Per Day american producers may have been hurt most by the price war remember prices for u. S. Crude collapsed on april 20th and actually went negative for the 1st time saudi arabia and kuwait say theyve slashed their output ahead of todays may 1st production deadline so theres a little bit of a timeline for you were going to discuss that now with peter cannon lead analyst on energy at the Economist Intelligence unit hes on skype from singapore good to see you. Hes the the cutting comes into effect today that is a positive step but maybe you can just explain for our viewers who perhaps arent quite up with how the oil markets work everythings looking forward were talking about production weve still got a lot of oil sitting around and nowhere for it to go. Exactly thats because a the montas an hour at the moment is quite weight and thats because of the impact of the coronavirus on the Global Economy. Lockdowns across the world you have Flight Cancellations airports being closed very few people driving compared to cite. The start of the year. In march april and likely my weve got huge drops in oral consumption and the as to motive thing something in the order of more than 2025 1000000 barrels a day so this is an unprecedented reduction in oil demand that was saying and the last couple of months so theres a lot of excess oil a to be psyched up and thats why a pick and a pick plus rate conveying to night probe to try and psych up some of that excess of oil is i think in march that probably wasnt the a precise and of how much oil demand or the Global Economy would have been affected by corona virus but thats become pretty apparent now so logically and of course bearing in mind that were not living in particularly logical time but logically when would a. Production cuts now when would that really take effect when would we conceive of a fairly effective it. Well you know it could counts with frost in a few other purchases that was agreed to in mid april by type effect from today so were talking about an output count of nonpoint 7000000 barrels. Which is about 10 percent of Global Oil Demand and that will base from my in june but this agreement last until april 2022 in the cuts will be tight the 2 lower rights until further at tysons there is a chance that our pick could revisit things of course but at the moment what we are saying is some attempt to place to put some kind of floor on processes given the extent of demand contraction that whip saying at the moment the point be enough at least it might stop things from getting a lot worse than what they are now so well just have to say how to montrose for the rest of the year because of course its not just an issue of supply its also an issue of consumption as well and its a big issue for the Oil Producing countries yesterday we saw some of that arabias quarterly jaideep a fulling there are a lot of economies who rely on energy i wonder what you think about how theyll come out the other side of this. Well there at very badly a lot of the export is a very highly dependent on oil revenue for the National Income of course. Processes that stick around 2025. 00 in the long term is very bad for their budgets given their level of dependence on Energy Exports so theyll have to cut back on spending or go further into debt. Some produces will be more affected than others. But its a bad situation given the level of dependence that many or all exporters have on those or the export revenues when prices have collapsed as much as i have and im likely to start low for quite a while pretty cannon is from the Economist Intelligence unit in singapore and we thank you very much for your time thank you for the us president says he has seen evidence they coronavirus originated in a laboratory in the chinese city of han they didnt give any details on it donald trump said the release of covenanting could have been a quote horrible mistake and added its possible china chose to avoid stopping the virus from spreading beyond its borders with the latest. A Conspiracy Theory has been floating on the fringes of conservative media for weeks and now its made its way to the white house paper you seen anything at this point that gives you a high degree of confidence that there would have instituted a raji was the origin of this virus yes yes i have that was the president of the United States indicating hes seen something that says the coronavirus was made in a chinese lab he didnt say if it was from a us agency or from Cable Television where he gets a lot of his information after reports that this in ministration has been trying to get the Intelligence Community to find a connection to the lab the director of National Intelligence issued this statement saying the Intelligence Community also concurs with the wide Scientific Consensus that the covert 1000 virus was not manmade or genetically modified and 2 weeks ago the u. S. Military seemed to make the same conclusion on the on the lab piece but thats theres a lot of. Rumor and speculation in a wide variety of media the blog sites etc should be no surprise to you that weve taken a keen interest in that and weve had a lot of intelligence take a hard look at that and i would just say at this point its inconclusive although the weight of evidence seems to indicate natural some republicans have been trying to point the blame and public anger at china some even saying they should simply refused to pay china back for the u. S. Bonds it holds the president though said he wouldnt go that far indicating more tariffs could be his response further straining the relationship between the 2. 00 countries and the already stretched Bank Accounts of consumers in the u. S. Who ultimately pay the price for those tariffs pedicle hain aljazeera its a for mine its hanging now trying to political analyst it talks about the mistrusts running high between washington and beijing. Just remember that this is the. Institute were talking about was he joined lee run by french and chinese the french authorities have put out an absolute. Statement saying that it never happened there was no accidents they were involved in this kind of are all and so at this point youd have to believe that the french that are in halt including with china and the w. H. O. If you want to believe this kind of narrative that donald trump is trying to put out your hat here is an American Public increasingly. The chinese public are seeing each other as hostile i mean when you have all of these attacks against asians theyre not even necessarily against chinese just anyone perceived as chinese theres a lot of you know bad feeling i mean many chinese help hold and help the United States as a you know kind of. The ultimate in systems that there is a lot of opportunity in things like this theres a tremendous amount of soft power at this point though thats changing now you are hearing a lot of people who are saying theyre moving back and these are just College Professors and its like that these these are titans of various industries who feel very uncomfortable in their families feel uncomfortable in the u. S. So i dont know if this is the plan for decoupling i dont know that its necessary you know benefit the United States. One of chinas most famous landmarks has reopened its doors after being shot for months because of the pandemic beijings forbidden city once home to chinas emperors is now allowing up to 5000 visitors a day who must maintain their social distancing or stories in beijing of loose and travel restrictions for a 5 Day National Holiday south africa has started easing some of its restrictions after 5 weeks of lockdown some businesses are being allowed to reopen from friday people can leave their homes to exercise the government says it will impose an overnight curfew and deploy more soldiers to ensure social distancing rules are followed miller with more from johannesburg how people feeling about this one. It is a nervous moment when a government decides to ease these restrictions. And that sort of you know concern and anxiety about what the ease of restrictions really means does apply to South Africans so far the government has said that one major change in a day today for South Africans is that people can leave their homes to exercise but just for 3 hours a day and thats between 6 and 9 am in the morning so that would mean that for those who are exercising everyone in who chooses to do so everyones out in the street exercising at the same time other than that things remain very much similar to what South Africans were going through under the level 5 of the lockdown that was the heart lockdown and one of the strictest weve seen in africa that people really can only leave their homes for essential goods and services i think the main change might be for some industries in that theyre allowed to open and only then a 3rd of the workforce would be allowed to resume their activities to allow for social distancing and we have seen a continuation of public transport public transport did operate in the 1st 5 weeks of this lockdown and now people are being urged to use mosques when using public transport on a day to day little changes for South Africans we still have the bad or of the sale of alcohol and cigarettes and i think as of africans approach winter i think one of the relief relief for them is that theyre now able to buy goods that would help them through the next couple of months like heaters and winter clothing and blankets which they previously werent allowed to do thank you for the update from a to miller in johannesburg. On to other news now libyas United Nations recognized government says its carried out an strike south of tripoli on a convoy of forces loyal to war Khalifa Haftar that is after the g. N. A. T. Rejected a cease fire called by half to for the month of ramadan libyas government says it doesnt trust hafta accusing him of violating previous cease fires the warlords recently lost ground to the tripoli based Governments International criminal court says it has jurisdiction over palestinian territory and there are enough grounds to investigate crimes committed there this clarification could lead to an investigation into allegations of war crimes against israel top prosecutor. Says the areas include the occupied west Bank East Jerusalem and gaza. In the news ahead. Health workers across mexico demand medical supplies as the peak of infections news and its a surreal scene jerusalems allowed some mosque compound closed during ramadan. Hello there plenty more rain in the 4 calls across the central areas of europe and it is fairly welcome rain as well of course youve got to some areas and some fairly intense drought situations but to the west we got all this constantly in and its bringing with it the right now some weve had plenty of rain over the last few weeks is turkey and this is all of the reasons into northern seems like theres some very good ground as we just head into the start of may meanwhile well see more scenes like this this of course is in hungary the storm clouds are gathering plenty more of those as we go through friday and saturday you can see all the rain very widespread heavy at times as welcome to the bay of biscay into the southern areas of france as we go through friday and also some heavy rain through areas a poem of course again remember this is someone suffering from an intense drought is that right hopefully is well can still pretty warm across the southeast book arrest in athens both enjoying a high there 25 degrees celsius by saturday the rain still very much in the forecast which is really not on the low across the east but elsewhere we have got time which is closer to the average again that rain coming in through the bay of biscay and the should be a dry day generate cool small southern and central areas of the u. K. All the while warming up across much of the portugal and spain for the 1st time in really quite a long time weve got most to click conditions across much of Northern Africa and so its warming up algae is a 26. 00. Israelis. Treat and trace. Frank assessments why is it its only struggling to cope with the number coronavirus pushes failure to take really aggressive action we put them behind her informed opinions its going to be much more challenging in a place like haiti where theres one ventilator very relieved people indepth analysis of the days global headlines as india done enough to nip the spread of coronavirus in the ball inside story on aljazeera. The headlines this friday on aljazeera President Donald Trump reporter they told saudi arabia to cut oil supply or face losing u. S. Military support thats coming from the Reuters News Agency an oversupply of oil during the coronavirus pandemic has driven global prices down trouble also says hes seen proof the covert 19 virus originated in a chinese the bark tree in the adds its possible beijing chose not to stop the disease from spreading beyond its borders. And south africa started easing some of the restrictions after 5 weeks of lockdown but the government says it will deploy more troops on the streets to ensure people follow social distancing roles they will also be an overnight of. More than half the indian workforce is employed in the Agriculture Sector but the lock down a stop many of them from travelling to work leaving farmers struggling lizabeth purana reports now from indias most populous populist state of the pradesh the latest in our series on how the pandemic is affecting farming and Food Security. A hive of activity during a nationwide lockdown farmers been there week 2 a Government Procurement center and the state of also put their fish. Its a small victory for british who struggle to harvest his crops the season without the help of seasonal workers. The father of 3 says his family helped him cut the crop and register to sell it to the government for everyone feels to a lot of problems with the registration everything is shut so how and where are we supposed to do it we had no idea the children have some education so they were able to do it on their mobile phones the government to sending alec tronic coupons to farmers with a date and time to bring their projects to the centers. Many dont have smartphones and Internet Connections to receive them and is locked down. Couldnt have come at a worse time for farmers there at their busiest between april and june when went across like way to harvested and the fields are prepared for some across to be. Without the technology needed to register has crossed all public transport to take it to a Government Center or private market the pain that parties worried about how he and his family will survive i mean if we cant so the next crop as we need the money from this harvest to buy seeds and fertilisers. Many farmers have seen their fruit and vegetables go to waste despite farming being exempt from the lock down the restrictions on Peoples Movement and transport has led to supply chains breaking down. India has large reserves of grains but economists say extra stocks of rice and wheat arent enough its also about pulses and fruits and vegetables and indian diets are already very poor the malnutrition rates are very high so we need to ensure that that ideal for people splitsville both from the point of your Food Security as well as keeping the economy going its very important that we support agriculture and gauntleted collapse for governments as agriculture is functioning smoothly and there are no shortages of food but many reject that and with more than half of indias workforce employed in agriculture experts say it must do more to help farmers and secure the harvest for the next season elizabeth aljazeera blanchett authorization. For the 2nd friday of ramadan jerusalems arks a mosque compound remains closed and the streets of the old city are unusually quiet palestinians living in occupied East Jerusalem having to adjust to a new way of serving the holy month while dealing with the Economic Uncertainty of the lock down the supporters from hard forces. Holy month that islam is 3rd holiest site in the courtyards around the locks a mosque in the dome of the rock a empty mass prayer band to help stop the spread of the coronavirus usually tens of thousands of worshippers many from new york the pied west bank who come here each day to pray the effects of being felt beyond this sacred site by the people who live and work in the alleyways of the old city lockdown has already brought serious hardship he says business is holding to nothing as customers save their money and theres no familiar ramadan to make up for it. We wait for ramadan the whole year ramadan is different with its beautiful atmosphere there is a lot of work in ramadan but this year there is no work and there is no ramadan. Foot traffic is down and thoughts of religious observance are competing with anxiety over job and finances and is even younger said i am 60 i have never seen anything like this my son has 6 kids he has rent to pay hes not working how are they going to wait and drink. As of this week the Israeli Government that controls jerusalems occupied east has allowed more types of businesses to open but as well as unlocked doors recovery requires customers some restrictions begin to be lifted shopkeepers here talk about a gradual return of some Economic Activity but very gradual especially given how few people comparatively are on the streets of the old city and all of this thrown into relief by the fact that ramadan is usually one of the busiest times of the last year this was the scene in damascus gate as thousands headed into the old city to pray at. This ramadan the walk or Islamic Trust in charge of the mosque is telling the faithful to stay away. And were in great pain right now this month a month usually we have tens of thousands of people coming to the mosque and it reaches hundreds of thousands but for the sake of Peoples Health the works decided to spin the prius. And so the prayers are instead being brought to the people online and on television in the hope that it will feel all the better to be here for real with those tens of thousands of others for ramadan in 2021 harry force it out 0 occupied East Jerusalem. U. S. States trying to combat the financial downturn are reopening parts of their economy now that white house guidelines on physical distancing of expired florida alabama arizona they are among more than 36 sorry 30 states planning to relax stay at home letting some businesses including restaurants reopen and it danica has more from florida one of the states now set to partially reopen. Here in Miami Dade County which is accounted for about a 3rd of all deaths people are living through this is 1200 deaths currently in the state of florida many of the cases across those 3 counties here Miami Dade County broward and palm beach so they are essentially still on a pretty restricted. Category of whats going on here in the other states of freeing up so it is that patchwork but i think overall people are supporting what the governor is doing and its important to remember the governor is not saying these places must open hes deferring to people like the mare of miami there of hollywood which is another city just up the road and local authorities in places like palm beach that is a very sensible approach although the governor here was criticized for being a little late on that lockdown but remember theres more than 30 states now that are planning to do this in the next few days and some of them are doing it in very different ways its very aggressive in a state like georgia which is just north of florida places like new york and new jersey are forming a loose coalition the same thing with california and Washington State so all the states are doing this very differently i can tell you that people here are desperate to get back to work about a 1000000 people already have unemployment in this state alone and certainly talking to those who have known here for a long time that run businesses they want to get back to work but they want to do it very very carefully so when the governor talks about baby steps that is precisely what were going to hear in florida and what more and more states will be going through in the next few weeks. Whether some of mexico citys hospitals reach their capacity Health Care Workers have begun protesting over a shortage of supplies and even qualified medical staff they say the Health System could soon be overwhelmed its one world up with no reports from mexico city. Medical staff with this hospital in the mexican capital are the latest Health Sector workers to protest a lack of personal protective equipment d. C. They are afraid of contracting qubit 19. We are protesting because we are. Not a covert designated hospital yet where except in covert patients and so far 45 of my colleagues have been infected. Protests like these with doctors and nurses demanding medical supplies have been taking place in mexico since early march in some cases medical staff have had to find and purchase their own protective equipment i will check whether. The country has a lot of protective equipment like boots caps and goggles but no piece of equipment is asked important as a high fissions the mask known as the n 95 these are in short supply all over the world but in mexico in particular many places have never even had this mass in the wind. As coronavirus contagion in mexico nears its predicted peak so does the expected capacity of the Nations Health centers. This emergency room staff and can khun say donations have helped alleviate their demand for protective equipment but they fear the facility will soon be overwhelmed seeing by the government. Who would definitely reach a moment where we suppose capacity this clinic is now dedicated specifically to treat coronavirus the flow of patients is constant we will suppose capacity in mexico city more than a dozen hospitals have announced they have already hit capacity the Mexican Government however says that 70 percent of hospital beds set aside for kobe 1000 cases remain unused. Many public spaces have also been repurposed to accommodate for unexpected overflow patients at hospitals all across mexico medical personnel are warning over the possibility of a Health System collapse adding that now more than ever is the time for people to stay in their homes and continue to abide by social distancing guidelines. Mexicos president said in a recent address the country has prepared very well to meet the demand for medical equipment many of those on the front lines of the fight against the pandemic dont seem to agree. Mexico city. Finally a section of lithuanias airport has been turned into a makeshift drive in cinema hundreds of people watched a film just a few 100 meters from where the planes take off the 4 week Long InternationalFilm Festival in vilnius is being held there is the airport is nearly empty and of course movie 3rd is a closed because of the pandemic. So the headlines on aljazeera this hour president obama trump is reported to have told saudi arabia to cut its Oil Production or lose u. S. Military support that is according to the Reuters News Agency an oversupply of oil during the pandemic has collapsed global prices trouble says hes seen proof the covert 19 virus originated in a chinese the barred tree in the city of. The offered no proof he also adds its possible beijing chose not to stop the disease from spreading beyond its borders one of 2 things happened either didnt do it you know they couldnt do it from a competent point or they let it spread. I would say probably it was a control but you know theres another case of how come they stopped all the planes and all of the traffic from going into china but they didnt stop the planes in the traffic from coming into the United States and from coming into all over europe one of chinas most famous landmarks has reopened its doors after being shut for months because of the pandemic this is beijings forbidden city once home to chinas emperors it is now allowing up to 5000 visitors a day who must maintain social distancing authorities in the Chinese Capital travel restrictions for a 5 day national. South africa started easing some of its restrictions after 5 weeks of coronavirus lockdown as it tries to revive a faltering economy but the government says it will impose an overnight curfew and deploy more soldiers to ensure people follow their social distancing rules libyas un recognized government says its carried out air strikes south of tripoli on a convoy of warlord Khalifa Haftar forces thats after the government of National Court rejected a cease fire called by half for the month of ramadan it says it doesnt trust him the queues in the violating previous cease fires the ward has recently lost ground to that government based in tripoli you are up to date with the headlines on aljazeera were back with another full of interviews after the latest edition of inside story with its 25 year long broadcast license coming to an end will president bush 3 go to to succeed in shutting down abs c. D. N. T. V. By the fulfilled may join us for special coverage as we look at the possible demise of a media giant and the ramifications for press freedom in the philippines on aljazeera. As corona virus spreads in the u. S. Its economy is likely to face its worst crisis since the Great Depression and the spillover is expected to inflict long term damage there and around the world so what can be done to reverse the crash and can the Global Economy fully recover this is inside story. Hello and welcome to the program im. Its the Worlds Largest economy and has enjoyed record growth but its collapsing the u