A race that we can win. Here at the polish port of good didnt you a team of experts is getting the Research Vessel ready for an expedition. The crew includes hydrographers biologists and divers from the Marine Institute and the nearby port of dikes. Theyve been working together for years. Theyre headed for a site located in the bay for good times about half an hour sailing time away. In 1909 experts made an alarming discovery there. The teams leader is benedict tuts a former polish navy officer. His repeated warnings about these underwater wrecks have made him unpopular with the authorities. Much of the shit its just given some of them dont like what were doing here russians are. But its not our job to please them so bush to make things easy for them yet. This is like a mission for us. First stop. When there was a. Mistake that was. What benedict hans has been researching this part of the bay for years. That. The site is located just 2 kilometers off the coast of. The pristine beaches
On this, and take the oil and find a place to ship it. That is proving to be a real conundrum for these markets here. There is a company, variety of companies that do this for a living including one called valpak. It has storage barrel systems i dont know what you call it all over the world, include places in singapore, rotterdam, theyre essentially saying there is no room at the inn. Weve run out of space for the space people are looking. Sort of a doubleedged sword here. The fears in the market they have not gone away. At love oil suppliers, their concerns have not gone away. A lot of wildcatters, smaller businesses if you take exxonmobils and chevrons out of this, to lesser extent occidentals host of others theyre still feeling the pinch. Not as much as you would think. Off lows early this morning but still down appreciably. So well be looking at the forward month contract where june is the most heavily traded at the moment. So we will keep an eye on that but we will also keep an ey
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
Suspension on immigration. Is sure busy to will only apply to individuals seeking a permanent residence in other words those receiving green cards. And will look at a u. K. Report which brings into focus the severe impact pandemics having on many young and vulnerable minds. Says were going to start with a couple of other stories from around the world 1st iran which says it has launched its 1st military satellite into orbit this is something which will likely increase tensions with the United States washington says irans Space Program is just a cover for Missile Development irans leaders deny that claim his own bus arrive in tehran to start a subzone tell us about the launch itself. Well come all this this launch today is the 1st time irans government has claimed that it is launched a military satellite into space the newer was launched this morning into thermosphere 425 kilometers up now we have to recognize that iran has spent the 1st decade of this century much of its resources have
The week. Opec and its allies will meet thursday to discuss a new plan. The virus has farreaching implications for businesses. A new study says global trade may be cut by one third, more than what was seen during the financial crisis. Shery lets get you started with a quick check of how markets ended in the u. S. We are seeing u. S. Stocks again pushing into bullish territory after failing to do so in the last session. U. S. Stocks now gaining more than 20 over the march 23 low. Every sector in the s p 500 was in the gleam green, led higher by Energy Stocks. Dow gained more than 3 . U. S. Futures unchanged. Nasdaq gained 2. 6 in the regular session. Take a look at what oil is doing, because we saw it rebound from the weakest level since the start of the month. It spiked a few minutes before the close, after the opec plus meeting will discuss and output cut of 10 Million Barrels per day. At the moment continuing to add to the gains, up 4. 6 . Just breaking on the bloomberg, a saudi arab