Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a day, it opens up a window of worry. Just last thursday, the iea says iraq remains very vulnerable. It is more about could the supply threatened become much bigger. Anna they are overproducing their opec target. Annmarie this c
Betray them on brexit. Good morning. Welcome to bbc newsroom live. Police in new zealand say they dont expect to find any more survivors after a volcano in new zealand erupted without warning. At least five people have died and several more are missing. The volcano on on white island to the north of the country is a popular tourist attraction. The sudden eruption happened just after 2pm local time. Its feared passengers from a cruise ship were looking at the volcanos crater when it started spewing ash thousands of feet into the air. Police say more than 20 people are still unaccounted for and Officials Say it is currently too dangerous for Emergency Services to travel to the island to establish exactly what happened. Our news correspondent Richard Lister has been following developements and has this report. A boiling ash cloud fills the sky. These day trippers had a lucky escape. They had been on that island just minutes before. They left behind a sightseeing helicopter, destroyed by t
Along with the recommended ation the executive committee in dos the cds of strong country currencies and conditions of reinstatement in accordance with International Standard for code compliance by signatories the i asked yes which to fake in april 28th to. The consequences include the binding of russia from the olympics paralympics and World Championships run by all code signatories for 4 years and a binding the russian host of russia hosting any of these major events within that time frame. This is a ban against russia that protects the rights of russia not seats by allowing the re entry for major events to those that are able to demonstrate that they are not implicated in any way. By the noncompliance. The decision is designed to punish the guilty parties and send a message that it will not be tolerated it stands strong against those who cheated this system well protecting those who did not. To dish out communist sanction to the agencys robust investigative lee kept a privileged thi
Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. What stood out to you . David yes nejra yes, that ters, one ofo dissen whom was michael saunders. If there had been 80 dissenters, he was one that was expected. That split vote had been any dissenters, he was one that was expected. That split vote coming as a surprise. I am just taking a look at some of these headlines here. In terms of cutting the inflation and growth forecast, that was expected for both 2020 and 2021. It really is that split vote that has come as a surprise because all of the ec
Boris johnson seeks a december election and it is thrown into doubt as Jeremy Corbyn requests no deal brexit thrown out first. The eu decision on an extension is set to be delayed. A warning from barclays. The Bank Confirms its 2019 profit target, but jes staley tells bloomberg the outlook will be a challenge from here. Currenten the interestrate view across europe and the u. K. , now the u. S. As well and if we have economic profits, we need to put some caution against the 10 target for 2020. Anna and shipping costs invite. Drop as ares quarterly profit decline due to sameday delivery. Jeff bezos says it is a longterm plan. Good morning. Matt good morning. Lets take a look at futures this morning after amazon came a push forets say investment and growth over profits. The first time in two years we have seen profits drop over two years. Dax futures unchanged. As our ftse futures. Cap futures rising a little bit. No real indication as to what kind of day we will have an terms of futures