No evidence to support his claims. South africa eases some coronavirus restrictions as a tries to revive the faltering economy. So an agreement among the worlds Top Oil Producers to cut output comes into effect today friday following the collapse in global prices it was spurred by a slump in demand because of the pandemic but it seems the deal may have only happened because President Donald Trump reportedly pressured saudi arabia implying the u. S. May withdraw its military support from riyadh if it didnt go from a summer binge of a. Oil and water do not mix but politics in oil bond very well there is no official transcript of the conversation between the u. S. President and the Saudi Crown Prince which resulted in saudi arabias latest Oil Production cut reports suggest president all trump told muhammad bin sole man that u. S. Forces stationed in the kingdom could be withdrawn if saudi arabia did not stop flooding the market with cheap crude within days riyadh announced production cuts
President trump rams up his criticism of chinas handling of the pandemic but offers no evidence to support his claims. Jerusalems alonso mosque compound the 3rd holiest site closed during ramadan because of strict restrictions. And in sports the English Premier League is stepping up plans for a return to action the league is meeting to discuss what needs to be done for games take a coffee in june. Its 10 g. M. T. Friday a day when an agreement among the worlds Top Oil Producers to cut output comes into effect it follows a collapse in global prices spurred by a slump in demand because of the pandemic but the deal to cut out. Came with a lot of infighting between major Oil Producers or they met in vienna in early march to work out how to keep prices stable but failed to reach an agreement recommended taking 1500000. 00 Barrels Per Day off the market if russia agreed to cut production too but russia refused and opecs top producer saudi arabia retaliated by announcing a production increase
Coronavirus looms the situation is looking bleak for many. Im sumi so misconducts good to have you with us its been called the cautious 1st step germany has started to ease its lockdown restrictions some shops are being allowed to reopen although the rules vary from state to state now it comes after Public Health experts said the virus was under control the latest figures from the robert costa institute for Infectious Diseases show that germanys confirmed the coronavirus cases have risen by 1775 to nearly 142000 its the 2nd consecutive day that the number of new infections has fallen the reported death toll is now 4642. And correspondent nina has the latest for us hi nina good to see you so as we said germanys now allowing a few businesses to reopen starting today what is the rationale behind that. Shops that are no bigger than 800 square meters can reopen today as can Car Dealerships and bike shops and bookshops regardless of the size whats important is that they have hygiene and soci
Tries to revive its faltering economy. And Jerusalems Al Aqsa mosque compound islams holiest sites closed during ramadan because of coronavirus restrictions. So an agreement among the worlds Top Oil Producers to cut output comes into effect today friday following the collapse in global prices it was spurred by a slump in demand because of the deal to cart output came with a lot of infighting between the worlds big Oil Producers go back to early march when they met in vienna and work out how to keep prices stable but failed to reach an agreement opecs recommendation was to take 1500000 barrels a day off the market if russia agrees to cut production as well russia said no. And so top producer saudi arabia retaliated by announcing a production increase instead sparked a price war lasted nearly a month prices dropped below 20. 00 a barrel also in riyadh did resolve their differences eventually agreed to gradually cut production by 10000000. 00 Barrels Per Day but as american producers whic
Few smiles and the magic kingdom. Disney suffers a coronavirus hit with seem parks shot, movie theaters closed, and sports on hold. Shery a quick check of the market. This after u. S. Stocks gained ground for a second day in the regular session. We have sentiment being boosted as more economies move towards easing lockdowns. Still, in the last hour of trading, there were some cautionary comments on said officials that cut gains in half. New zealand stock scanning. 8 . This would be a Third Session of gains. Therir rate. Rate. Ir we have the rba leave rates unchanged. We are looking forward to retail Sales Numbers very soon and we will see how all of that toilet paper hoarding that we saw in march is reflected in the numbers. Not Much Movement for the japanese at the moment. Tosident trump continues push the theory that the coronavirus originated and escaped from a lab inside wuhan but sources within the u. S. Intelligence Community Say the intelligence is less than definitive. That as