A little bit and all going through it is when they believe they were alive. Hello there you watching r. T. International where its just gone 4 oclock in the afternoon here in moscow now World Oil Stocks are taking a major hit today following the failure of crude producing countries to agree to production cuts as demand for oil falls amid fears about the coronavirus saudi arabia has now said it will increase and lets discuss this a bit further than i would on quarter hes following the story for us dont just run through then the latest developments brings up to speed on whats been happening today well indeed the markets have been taking a big dive since mondays opening asias markets have been taking a plunge european and american futures are in freefall and oil prices have actually seen their biggest drop since the 1st gulf war in 1901 so not good news not good news. Just line then i would say so will happen because its been a sequence of events isnt yeah absolutely it all started last w
Shooting down of a malaysian airliner trial begins in a dutch Court Without the 4 men accused of murder. By joining us youre still with the sports tennis is biggest tournament outside the grand slams is called off as all the nicest cancel indian wells overthrowing a virus. So that we begin with the breaking news coming out of sudans capital where an explosion has hit a convoy carrying the Prime Minister abdullah was traveling through khartoum when there was a roadside blast the vehicle he was in was damaged as well as several others the Prime Ministers office says it was an assassination attempt and lets cross straightaway to khartoum where we find here but more going to him but what more do we know. Well what we do know at the moment nic is that it was a car bomb explosion that was targeting the convoy of the Prime Minister according to his Office Members weve spoken to the office of the Prime Minister and they say that he is not injured and that they are all safe as well as the peopl
Am calling for the end of life all go into israel and the relief to their lives. Good evening just gone 6 here in moscow youre watching r. T. International our top story this hour World Oil Stocks are taking a major hit today following the failure of crude producing countries through agree to production cuts as demand for oil falls a myth is about the coronavirus saudi arabia says it will increase output after a dispute with russia on quarter as more details since mondays opening Global Markets have taken a huge plunge the price of oil has seen its biggest drop since the 1st gulf war in 1901 and wall street futures are really in freefall right now i mean the trading of them had to be closed early today this was the 1st time this has happened since 2016 it all started last week last friday when opec held a meeting with the. Russia to discuss an agreement about potentially lowering Global Oil Production by 1500000 barrels a day now that was amidst a big drop in Global Demand linked to th
International oil stocks are taking a major hit today following the failure of crude producing countries to agree to production cuts as demand for oil falls amid fears about the coronavirus saudi arabia does say it will increase output after a dispute with russia so lets get the latest now from markets kind of mark and he joins us. Its been a shocking day hasnt it for the markets just bring us up today its about whats happening. Well its a somber atmosphere here on wall street in the New York Stock Exchange theyre already calling it black monday at this point futures trading has been stopped for the 1st time in 4 years and this is actually the biggest drop on wall street that weve seen since the 2008 financial crisis now Oil Prices Went down by roughly 30 percent there a big drop in oil prices apparently the issue seems to be that the opec negotiations were taking place and saudi arabia. Was putting forward the idea that a cap should be placed on production to deal with the slipping de
Parts here today. Some are literal. The princess cruise ship is one. Theyre watching throughout the day as it makes its way to the port of oakland. It is supposed to dock around 3 00 this afternoon. Well talk about that, oil off the bat with our buddy phil flynn out in chicago, price futures group, senior strategist at cme. We talked about it last week, phil. You and i were going back and forth about russia and saudi arabia. Now we have the true price war breaking out that has consequences in places like texas and north dakota. Take us through what youre thinking about today . What im thinking about is were learning today, not always is a low price for oil good for everything. There is concerns for banks, oil producers, the general overall market. Having said that, there is some hope, you know, right now with the talks of stimulus. Maybe we can pull off the lows right now. There are old saying in the business low prices cure low prices but this breakup of opec and russia, this opec plu