A recession back on us. And how much of an impact will the current to last pandemic have on society underway but we take a look at what happened all to the spanish flu outbreak than 100 years ago. Hello im christine want to welcome to the program oil prices have risen off to the worlds major producing countries upgrades to whats been called the biggest Oil Production catch ever the production cost opaque joins russia and others in an effort to boost the oil price and Energy Markets ravaged by the coronavirus pandemic Global Oil Supplies will be cut by 10 percent. Opec plus which brings together the oil cartel with other producers like russia said it would reduce world output by 10 percent. Within 2 months opec and opec plus countries will reduce production by 10000000. 00 barrels us for the next 6 months they will contradiction by it 1000000 Barrels Per Day and for the 16 months after that begins 6000000 barrels will be cut per day. Oil prices had gone into freefall on worries about th
A look at what happened after the spanish flu outbreak more than 100 years ago. Chrissy want to welcome to the program oil prices have risen off to the worlds major producing countries agreed to whats being called the biggest Oil Production catch ever the production cost opec joined russia that isnt if its to boost the oil price and in Energy Markets ravaged by the coronavirus pandemic. Opec close which brings together the oil cartel with other producers like russia said it would reduce world output by 10 percent. Within 2 months opec and opec plus countries will reduce production by 10000000. 00 barrels for the next 6 months they will cut production by 8000000. 00 Barrels Per Day and for the 16 months after that begins 6000000 barrels will be. Kurdish. Oil prices had going into freefall on worries about the virus and a price war between saudi arabia and russia but low prices threaten the u. S. Shale oil industry. President donald trump welcomed the deal calling it a great deal for all
Hello im christine want to welcome to the program oil prices have risen after the worlds major producing countries agree to whats being called the biggest oil production. Production costs hell opaque joined russia and others in an effort to boost the oil price and an Energy Market ravaged by the crown if i spend to make. Opec close which brings together the oil cartel with other producers like russia said it would reduce world i would put by 10 percent. Within 2 months opec and opec plus countries will reduce production by 10000000. 00 barrels for the next 6 months they will cut production by 8000000. 00 Barrels Per Day and for the 16 months after that begins 6000000 barrels will be cut per day. Oil prices had gone into freefall on worries about the virus and a price war between saudi arabia and russia but low prices threatens the u. S. Shale oil industry. President donald trump welcomed the deal calling it a great deal for all. But with oil tanks filling up around the world Energy Hun
Being reported. One of the national headlining story fighting intensifying in libya between warlord Khalifa Haftar and the internationally recognized governments well have the latest from tripoli. And in sport professional baseball has made its 1st appearance of 2021 is hosting games behind closed doors with mannequins replacing real spectators. Lets get going with this news from south korea where at least 116 people who were cleared of the corona virus have again tested positive south korea reporting 51 similar cases last week it is raising concerns in the government as it tries to stamp out the rate of infection mcbride joins us live on skype from so rob whats the latest whats going on here. It is a worrying development this is a phenomenon that epidemiologists in the center of Disease Control here have been studying for quite a while the months this Large Population of people here who got sick towards the end of february beginning of march who got the virus who were there not treate
And Michael Mccaul from texas if theyre singing from the same hymn sheets. As we are increasing coronavirus cases where are we on possible vaccines . I have answers for you and so much more on making money. Charles all right, so the market is up. Were off the highs of the session, off the lows of the session. There is optimism, however, possibly russia, saudi arabia and Oil Production cuts. It started earlier this morning when President Trump tweeting, just spoke to my friend mbs, of saudi arabia and who spoke to russian president Vladmir Putin and i expect we hope they will be cutting back approximately 10 million barrels, maybe substantially more if we get it will be great for the oil and gas industry. Congress works on phase four of the coronavirus funding package very shortly. Initial jobless claims spiking to 6. 6 million added your again to that. I want to bring in clear stead managing director, jim awad, on the phone, Francis Newton stacy. Jim awad, let me start with you first.