Nearly full with no buyers insight. The otherworld benchmark bench crude is down by 62 since new years day and falling. Demand to so will refineries now working at only 69 of capacity a level not seen since the great recession. Oil refinery giants marathon closed three other refineries including the one in concorde across the county. Many producers keep pumping oil because shutting the wells down may seriously damage them. Or decrease their future production. U. S. Producers with their higher production costs will be the 1st to shut down. Causing big losses for their shareholders and bondholders. Very likely many of these committees are going to go bankrupt is the price of oil were to go back up they would start producing oil demand for gasoline down 50 diesel down 30 . Jet fuel down 75 . As of today the aaa fuel gauge ort says the average price of a regular gallon of gas, across the nation a dollar 81. That is 0. 34 per gallon less expensive than a month ago the dollar three a gallon
Keep rising. And President Donald Trump says he wants the u. S. To be open for business even as more americans get infected. Were not going to let it turn into a long listing financial problem started out as a purely medical problem and the stock could go beyond that. Im going to get your scope at the sports a Decision Office for any meal and pace is expected within days with the United States adding to calls for delay after survey shows most of the athletes about their preparations impacted by coronavirus. Now the restrictions are starting to come off millions of chinese in the province where the corona Virus Outbreak began at midnight on shoes day crew bay will start allowing some to travel just as many other countries are introducing more drastic measures now the region of more than 60000000 people has been under lockdown since late january when the government closed roads railways and airports bought residents will soon be allowed to leave once they get a tracking code confirming t
Jews after residents flout curbs on public movements. And taiwan accuses the World Health Organization of not sharing coronavirus information due to chinese pressure. Im going to go with the sports european football focuses on a restart in july plus. Everybody needs to play their part in this National Effort and that means premier League Football is to the pressure grows on millionaire players in england to take a pay cut as current virus leaves some numb playing stuff out of work. Now the United States has suffered the worlds worst single day of the corona virus pandemic with close to 1200. 00 deaths on thursday the total number of fatalities there has now surpassed 6000. 00 the number of reported infections worldwide is now also more than a 1000000 wartime powers are being used in the u. S. To get needed supplies to hospitals President Donald Trump has invoked the defense production act ordering private companies to make masks ventilators and other medical equipment well our White Ho
A simple message for all countries terrorist. Test. Welcome to the program the Global Response to the coronavirus pandemic is ramping up but the World Health Organization is improving governments to test far more people with a suspected infection the french president has declared war on the outbreak and is closing frances borders from 1100 g. M. T. On tuesday the European Union has proposed a ban on all nonessential foreign travel to the shang in zone the president of the European Central Bank Christine Lagarde has pledged to do whatever she can to stop the eurozone from breaking up while the British Government which has been under pressure to toughen its approach is now asking people to avoid nonessential travel and pubs. And theaters u. S. President donald trump position similar advice and no social gatherings of more than 10 people it comes as wall street suffered its worst day for more than 30 years well alan fischer brings us more on the latest moves by the us. If theres a cure fo
Police turn to heavy handed measures. And russias president scales up the response to the outbreak people are ordered to stay at home and a constitutional referendum is delayed. Concerns that the u. S. Could become the next major front in the coronavirus pandemic a growing with more news on the number of cases the governor of new york said they had been a leap of 5000 cases in just the past day with the state alone now recording more than 30000 in total the virus has claimed more lives there than in any other part of the country elsewhere spain now has the worlds 2nd highest number of deaths after 700. 00 in the past 24 hours to a total today 3 and a half 1000 thats half the total of italy there was a glimmer of hope there as the hard hit nobody region reported its smallest number of new deaths in 6 days. When in russia president putin has ordered the military to run drills testing troop readiness to deal with an outbreak is one of a number of emergency measures is implemented in the p