Class those. Who would use it. And brazils president defends his controversial appearance with protestors on sunday and says he wants social distancing measures lifted this. Hello and welcome to the program for the 1st time benchmark u. S. Oil prices of crashed into negative territory meaning producers are now paying buyers to take it away in a massive one day drop west texas intermediate fell from about 17. 50 dollars a barrel to below 0 it was trading at around 60. 00 a barrel at the start of the year Global Demand has plummeted because of the coronavirus related lock downs and travel restrictions are stricture and fears of a lack of Storage Space this is despite continuous attempts to counter the havoc in Global Energy markets well earlier this month Russian Saudi arabia agreed to an unprecedented cut in output of almost 10000000 barrels a day to try to boost virus hit markets. Anish capacity is the rector of energy and Police Advisors an independent Research Provider in the oil and
A unity government Opposition Leader banning guns. We still with you and we grieve if you. Damage as Prime Minister pays tribute to victims of the countrys worst mass shooting and death toll rises to 18. Some governments in europe in asia are loosening lockdown restrictions as the number of coronavirus deaths falls daily germany has reopened some shops and schools Nursery Schools in norway are reopening to the Czech Republic denmark poland lifting the shutters on some businesses but European Union Health Experts are warning the battle is far from over with infections nearing 1000000 now well india has partially lifted its lockdown allowing agriculture. Factoring and construction to resume as the country reported its highest single day increase in new infections in the last few minutes the World Health Organization warned the zing of lockdowns worldwide does not mean the pandemic is coming to an end ending the epidemic will require a sustained effort on the part of individuals communiti
Coronavirus lockdowns but the head of the w. H. O. Urges caution. Without National Unity and Global Solidarity. Class does. The worst use it to focus. For the 1st time ever u. S. Oil prices have crashed into negative territory after the markets benchmark fell more than 100 percent in a day producers are now paying stockpile is to take barrels off their hands as the man dries up due to the coronavirus pandemic and storage runs low this says many European Countries are actually starting to ease lockdown restrictions with some shock shutters lifting across germany that mark and the Czech Republic theres also positive news coming out of it for the 1st time the number of people currently reported to be infected with corona virus has fallen from yesterday by 20 however the World Health Organization has cautioned that easing lockdowns does not mean the pandemic is over its warned that without countries working together the worst is yet to come but lets start with those historical losses on th
The World Health Organization is warning against complacency some European Countries ease restrictions nurseries in norway have reopened and Small Businesses are trading again in some parts of germany and denmark. The new coronavirus pandemic and lock downs have hurt the demand for oil globally and heres what Major Oil Producers have been trying to do to offset those losses back in the beginning of march opec recommended removing one and a half 1000000 Barrels Per Day from the markets russia refused on march 7th saudi arabia retaliated nonsuch plans to flood the market with oil instead prices sank below 20. 00 a barrel it took a few weeks but moscow in riyadh buried the hatchet and agreed to gradually cut production by 10000000. 00 Barrels Per Day but the supply cuts were not happening fast enough for the markets and the spent may have hurt american produces the most prices have gone negative with produce is paying by is to take the commodity off their hands of affairs that Storage Cap
The race to the white house goes on joe biden is in but secured his place is the democratic nominee can he beat still trump joined us for continuing coverage of the u. S. Election 2020000. Shall carry this is counting the cost on al jazeera your look at the world of business and economics this week billions now to save trillions in lost economic output the hunt for a vaccine is on well talk to the c. E. O. Of a drug maker that is using a cancer drug in trials to treat over 1000. 00 patients and from senegal the 1. 00 test kit. Oil shock through to sinks into negative territory now cheap oil may be good for some users but it also means job losses as rigs shut down production. As government spent trillions on keeping a condemnation from collapsing it is time to consider the other crisis Climate Change and starting to issue green bonds. What should take 10 to 15 years the Global Scientific Community hopes to cramp and 2 months World Health Organization says there are 70 vaccines in the wo