Also cut supply again by 1700000 Barrels Per Day though any decision made was obviously take time to implement so where do you think this equilibrium is at and have we reached a bottom or is this still more room to fall for oil prices. Its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see oil fall further and if oil falls through the 50 1. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on short and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know running supertankers in. A facility space in south korea to the tune of millions of barrels of oil that theyre storing on bets that oil will eventually rise and i believe that theyre right. Are we still looking at a chance that chinese Oil Storage Capacity could actually run
Theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on short and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know running supertankers and will facility space in south korea to the to the millions of barrels of oil that theyre storing on that oil will eventually rise and i believe that theyre right now sean are we still looking at a chance that chinese Oil Storage Capacity could actually run out and oil prices overshoot even more to the downside. Its possible they dont really publish their numbers officially but from what i gather theres about 400000000 barrels that theyve already got in capacity that are that used and theyve got
A w. H. O. Is launching more than 80 Clinical Trials to find a cure. And now to give us the latest on how markets are reacting we welcome back shawn hyman editor of logical investor so shawn some analysts are saying that this outlook right now is way too pessimistic and that chinas economic stimulus measures could lead to a Global Recovery especially in oil demand and theres also the hope that opec will also cut supply again by 1700000. 00 Barrels Per Day though any decision made was obviously take time to implement so where do you think this equilibrium is at and have we reached a bottom or is this still more room to fall for oil prices. Its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50 1. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on shorts and take that lower but i think that wil
This is the one business show you cant afford and that im. Bored washington is coming to the coronavirus continues to infect several sectors of the Global Economy especially with the drop in chinese for as we break down the slope of oil and where markets go from here. The u. S. Pressure to play against while way continue to heat up as the trumpet ministration is threatening to withhold intelligence breakdown the latest in the fight for fire. And later and social media facebook c. E. O. Is on the ground in buffalo new with you what effect could this meeting have on the block new regulation we have so much to dig into i thought lets go. The ground running. U. S. Equity markets are closed today but investors are bracing for the economic fallout from the corona Virus Outbreak Goldman Sachs cut a q one while price target by 10. 00 to 53. 00 amid weakening Chinese Oil Demand as the nation is on lockdown beijing is now trying to kickstart the Economic Activities in areas outside of the who pa
[inaudible conversations] good morning, ladies and gentlemen, welcome to the second hearing of the u. S. China economic and security review commissions 2020 annual report cycle and thank you for joining us, especially to our witnesses for the time and effort that they have put in to the testimonies. Youre going to be treated to some really, really good things here today. Wed also like to thank the House Foreign Affairs committee for securing this room for our use today. Todays hearing examines chinas ability to project military power and influence beyond its shores. And the implications of these growing capabilities for u. S. Interests. In january, 2016, after communist Party General secretary and Central Military Commission Chairman xi jinping reorganized the Peoples Liberation army, this commission explored the push toward making the pla a force more capable of conducting Global Operations and i think commissi commissioner was the cochair for that, too. And four years later were exam