A rally after the fashion giant sports a boost and trades higher on a 50 jump in revenues Boris Johnson with brexit treaty as Parliament Backs the Parliament Bill as a warning it will support trade talks the eu has not taken that particular revolver off the table. I hope we can do so and reach a canadastyle Free Trade Agreement as well. Thank you for joining me today. Let me take you straight to the iea monthly report across the industry what we are hearing is that Global Oil Supply is risen by 1. 1 Million Barrels a day in the month of august as opec plus eased cuts but was down at 9. 3 Million Barrels from a year ago, so still a decline follows two months of gains in the recoveries stalled in august production in the United States fell by. 4 Million Barrels a day as hurricane laura forced precautionary shut ins the resurgence of covid 19 cases, local lockdown measures continue telly working and the Airline Industry has led to downward revisions of demand estimates for the third and F
Package. Democratic Vice President ial candidate Kamala Harris makes her Campaign Debut it is because of trumps failure to take it seriously from the start his delusional belief that he knows better than the experts. News crossing this hour on the oil mark just releasing its report and diving into the headlines of this key document Global Oil Supply rose in july after saudi arabia ended its cut. Exceeding the opec plus target and production started to recover. The opec plus cuts ease by over 2 Million Barrels this month and shut in volume compensation. Oil demand as we segue off that is expected to be 91. 9 million per day and sheer 8. 1 million per day. Reducing their 2020 forecast by 140 what we are seeing in that down grade for several months global refinery will lag behind as product inventory levels were high stocks have risen by 16. 2 Million Barrels in june and increased an average rate of 1. 7 Million Barrels per day. Crude prices remain in the range 40. 77 average, for the wti
President s, you need to put a tiger in the tank. It is very clear what the uk needs. Uk Prime Minister says a brexit deal by the end of the month is possible despite key sticking points. Jeff bezos goes to washington founder and ceo is willing to testify after long resisting a longranging inquiry of antitrusting nbc confirms north korea has blown up an office hours after they threatened to take action. A warm welcome this morning. A lot to get to. Lets kick off with the energy markets. We have a fresh report out of the iea. The iea has raised the 2020 forecast by nearly 500,000 barrels a day due to demand from china and india as well as the lockdown Global Oil Supply outlook fell in may opec plus countries reduced out look by 9. 4 Million Barrels a day. Interesting to see that they do now see a stronger Oil Demand Forecast than they now had seen previously they note that oacd industry stocks rose to 3. 1 billion above fiveyear average. In terms of oil demand, that is coming from bette
Number of coronavirus deaths in england and wales could be 41 percent higher than the government has been reporting. A dire warning from the u. N. The number of people going hungry around the world could double because of the pandemic. Chortle for you cheers citizens is to differ on earth to choose to do what we can. Also this will need the volunteers helping to boost irans response to the pandemic. And im piece them to the sport huey for and its Member Associations are holding a teleconference on tuesday to try and work out a way to finish the football season. Us President Donald Trump declaring that he will suspend immigration into the United States via an executive order the u. S. President on twitter said thats in risk. Of the coronavirus pandemic referring to. The invisible enemy added that he has to protect american jobs the announcement drew swift condemnation from some in the u. S. Democratic party the who accused mr trump of distracting people from what they described as his f
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