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
My board is taking action to make sure america has the equipment needed to fight the Global Pandemic. Beijing hits back after President Trump questions the accuracy of chinas coronavirus data their numbers seem to be a little on the light side im being nice when i say that, relative to what we witnesses and what is being reported Cruise Companies forced to issue stock at 8 a share and raise debt with a staggeringly high coupon. Very warm welcome to street signs. Lets get you a check on Market Action it has been a choppy session for market equities. All four of the Major Regions are seeing gains we saw the dax lower and the ftse 100 before rebounding now we have seen an uptick we have seen on both sides of the atlantic, a plunge in equity prices today, a little more optimistic. Clearly overall, investors still lack conviction of where we go from here. More to look at the severity of the impact even more americans filing unemployment we saw a record of 3 million americans filing for bene
Crude carnage im joined by my guess was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and political analyst as well as a former commodities trader and in toronto we Cross Alexandre Bruno he is an analyst at gulf state analytics sorry gentlemen crosslike rules in effect that means you can jump in anytime you want and i always appreciate pilot may go to you 1st in irvine because you got up early as for this program here all right it all happened quite quickly and a lot of analysts werent too surprised by the deal that the russians and the saudis had collapsed. The russians didnt go along with what the saudis wanted to do and the saudis reacted and now we have carnage on the oil markets here what is saudi arabias gambit here because you know in the if you look at its budgetary constraints it can afford to have low oil for a very long time and we throw in the coronavirus that is also hurting crude demand all acro
A lot of conflict within the game and between the teams most of the conflict i would say over the years from morning there most of them is me. Close one you know the childrens children this could be just the state of california alone makes 6000000000 clues you have to presume cope with just to get some point in your life where. You dont care anymore nobody cares about you so you dont care mind anything. Actually as a financial survival stacey lets learn. Lets say im the. Grease of the fight. Thank you for. The story thats right. Hello and welcome to cross talk were all Things Considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crosschecking crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in