And i welcome to r. T. International life from moscow hawkins were you to begin from tonights welcome to the program. A World Oil Stocks are taking a major hit following the failure of crude producing countries to agree to production cuts as the model for oil falls amid fears about the krona virus saudi arabia says it will increase output after a dispute with russia with more heres a little. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free on futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point it being traced back essentially to the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited dem
Good afternoon and welcome to the foundation for defense of democracies. My name is toby dershowitz. Many of you know we are a nonpartisan policy institute focusing on National Security issues. We are a source for research, and analysis and policy options for congress and the administration and for the media and certainly for the National Security community. We take no Foreign Government or Corporate Funding and never will. To learn more about fdd, please visit fdd. Org. I want to welcome the online lifestream audience and also those watching on cspan today. We invite everyone to join in on the conversation which we will be live tweeting fdd. The center on economic and financial power. We provide actionable recommendations to policymakers on how the u. S. Can leverage its economic and financial power to achieve its National Security objectives. In a moment well hear from our featured speaker, david peyman, deput,deputy assistant secretarf state for counterpart finance sanctions. Mr. Pe
International. Prices suffered the biggest collapse in 30 years before rebounding slightly as saudi arabia stepped up its price for. Oil prices plunged up to 30 percent on whats been dubbed black monday the biggest single day since the 1st iraq war sparked by a spat between top suppliers riyadh and moscow who couldnt agree a deal on production opec proposed output cuts in response to forming demands due to coronavirus concerns moscow disagreed noting that that would simply give an unfair advantage to u. S. Crude produces insists it wont give up its benefits. The Russian Oil Industry has a high quality Resource Base and a sufficient margin of financial strength to remain competitive out any predicted price level as well as maintain its market share for russias interests this deal is simply illogical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell and make it worthwhile for them as the Mainstream Media have called russias refusal re
And joining us this morning this is r. T. Internet. Prices have suffered the biggest collapse in 30 years before rebounding slightly as saudi arabia stepped up its price war or prices plunged up to 30 percent on what has been dubbed black monday thats the biggest single day for since the 1st iraq war is sparked by a spat between top suppliers riyadh and moscow who couldnt agree on a deal on production opec proposed output cuts in response to falling demand due to coronavirus concerns but moscow disagreed noting that that would simply give an unfair advantage to u. S. Crude producers russia insists that it wont give up its all firms benefits. The Russian Oil Industry has a high quality Resource Base and a sufficient margin of financial strength to remain competitive fight any predicted price level as well as maintain its market share for russias interests this deal is simply illogical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell
To maintain and enforce sanctions specifically those aimed at iran and venezuela. This was held at the foundation for the defense of democracy. Good afternoon and welcome to the foundation for defense of democracies. My name is toby dershowitz. Many of you know we are a nonpartisan policy institute focusing on National Security issues. We are a source for research, and analysis and policy options for congress and the administration and for the media and certainly for the National Security community. We take no Foreign Government or Corporate Funding and never will. To learn more about fdd, please visit fdd. Org. I want to welcome the online lifestream audience and also those watching on cspan today. We invite everyone to join in on the conversation which we will be live tweeting fdd. The center on economic and financial power. We provide actionable recommendations to policymakers on how the u. S. Can leverage its economic and financial power to achieve its National Security objectives.