Is the Oil Price War between saudi arabia and russia about to end crude prices enjoyed that biggest have a 1. 00 day rally after the us president raised hopes of a truce will donald trump intervention be enough and whats the impact of the rift between the oil superpowers this is inside story. Hello and welcome to the program im Bernard Smith over the past month 2 of the Worlds Biggest Oil producers have been in dispute about how to respond to the coronavirus pandemic demand collapse stuff to add lines grounded the planes factories shut the doors on countries impose travel bans crude prices fell further when saudi arabia and russia couldnt agree on cutting supplies to try and force Prices Higher now u. S. President donald trump is suggesting the feud may soon end saudi arabia has called for an emergency meeting of Oil Producing nations some era challenge reports signs that an oil price will between 2 of the worlds biggest producers may and so with the biggest one day leap on record and
Is the Oil Price War between saudi arabia and russia about to end crude prices enjoyed that biggest ever 1. 00 day rally after the u. S. President raised hopes of the troops will Donald Trumps intervention be enough and whats the impact of the rift between the oil superpowers this is inside story. Hello and welcome to the program im Bernard Smith over the past month 2 of the Worlds Biggest Oil producers have been in dispute about how to respond to the coronavirus pandemic demand collapse stuff to add lines grounded the planes factories shut their doors on countries impose travel bans crude prices fell further when saudi arabia and russia couldnt agree on cutting supplies to try and force Prices Higher now u. S. President donald trump is suggesting the feud may soon end saudi arabia has called for an emergency meeting of Oil Producing nations some era challenge reports. Signs that an Oil Price War between 2 of the worlds biggest producers made and sold the biggest one day leap on record
Is the Oil Price War between saudi arabia and russia about to end crude prices enjoyed that biggest of a 1. 00 day rally after the u. S. President raised hopes of the troops will Donald Trumps intervention be enough and whats the impact of the rift between the oil superpowers this is inside story. Hello and welcome to the program im Bernard Smith over the past month 2 of the Worlds Biggest Oil producers have been in dispute about how to respond to the coronavirus pandemic demand collapse stuff to add lines grounded the planes factories shut their doors on countries impose travel bans crude prices fell further when saudi arabia and russia couldnt agree on cutting supplies to try and force Prices Higher now u. S. President donald trump is suggesting the feud may soon end saudi arabia has called for an emergency meeting of Oil Producing nations some era challenge reports. Signs that an Oil Price War between 2 of the worlds biggest producers made and sold the biggest one day leap on record
House. Joined by. The democratic nomination i believe we can be down from. The developments in the u. S. Election campaign on al jazeera. Is the Oil Price War between saudi arabia and russia about to end crude prices enjoyed their biggest ever 1. 00 day rally after the u. S. President raised hopes of the troops will Donald Trumps intervention be enough and whats the impact of the rift between the oil superpowers this is inside story. Hello and welcome to the program im Bernard Smith over the past month 2 of the Worlds Biggest Oil producers have been in dispute about how to respond to the coronavirus pandemic demand collapsed after al lines grounded their planes factories shut their doors and countries imposed travel bans crude prices fell further when saudi arabia and russia couldnt agree on cutting supplies to try and force Prices Higher now u. S. President donald trump is suggesting the feud may soon end saudi arabia has called for an emergency meeting of Oil Producing nations some e
About 800 points on the dow. Youre still looking at a loss of greater than 5 a huge story today the crude oil crush as the saudis initiate a price war. We should think about it in terms of the speed and velocity of decline the s p the is down about 17 . We hear about the news with are the russians and saudi arabia. The problem i have is you have a very healthy patient being the market now it appears to be in intensive care we dont seem to have any doctors around to treat them in intense iive care negative rates are present in the uk, first time ever. We are battling here in the United States with the potential for negative rates the missing link in all of this which is what we saw in 2008 was a global coordinated effort. There does not seem to be a globally coordinating effort to address that i think thats what the market is riding against. Liz young, what do you see . Lets start with the globally coordinated effort i think theres been an effort from Central Banks thats been reasonably