Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus all so oil versus lithium as coals grow for a green a economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices S
Largest coronavirus lockdown has extended for a further 2 weeks but indias government is easing some restrictions. To u. S. Democratic president ial hopeful joe biden denies allegations of Sexual Assault by a former senate colleague. And in sports the English Premier League is stepping up plans for a return to action the league is mad to discuss what needs to be done for games to take a call in june. It is just off the 1500 hours g. M. T. The dramatic drop in oil prices over the past few weeks has been one of the main economic fallout of the Global Pandemic and agreement decided among the worlds Top Producers to cut output has now come into effect and it appears that the deal came to be only after President Donald Trump reportedly pressured saudi arabia threatening to withdraw u. S. Military support for riyadh now to syria sullivan java reports. 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 an
Revive its. Compound this bird is closed during ramadan cause of coronavirus 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 to take on. Now an agreement among the worlds Top Oil Producers to cut out for that has come 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 for it came with a lot of infighting between major or producers you might remember they met in vienna early march to work out how to keep prices. Stable but failed to reach an agreement in that meeting opec recommended taking 1500000. 00 Barrels Per Day off the market if russia agreed to cut production too well russia refused. Top producer saudi arabia retaliated by announcing a production increase instead a price war lasted nearly a month and prices dropped below 20. 00 a barrel and moscow and riyadh resolved their differences and
Threat of violence many want to if they can be free. And want to thank 2 phase of the 19 how montana. Actions on aljazeera. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash and the coronavirus also oil versus lithium as calls grow for a green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutti
Aljazeera will bring you the news and Current Affairs that matter to you. Ill just interrupt. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus also oil versus lithium as called screw for green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but