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That welcome just gone 3 oclock in the afternoon here in moscow you will see international now World Oil Stocks are taking a heavy hit following the true producing countries to agree to production cuts as demand for oil falls saudi arabia has now said it will increase output so thats done a lot to the price of oil today its damaged it significantly dont courses here to talk more just tell us about the latest state of the markets well andy the markets are going way down since mondays opening asias markets have seriously plunged to european and american futures are in freefall and oil prices have seen their sharpest drop since the 1st gulf war in 1901 so its not exactly a good situation sure and its all been sort of painted on an argument between saudi arabia and russia just expand on that yeah exactly basically it started with i mean a price wars. The raging right now between saudi arabia and russia started over the weekend when ....
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 seq ....
Who are all going through illegal lives. Hello theyre just gone 5 oclock here in moscow you without international our top story this hour World Oil Stocks are taking a major hit today following the failure of crude producing countries to agree production cuts as demand for oil fulsom it fears about the coronavirus saudi arabia says it will now actually increase output in a dispute with russia so lets get the details on this one quarter joins us in the studio for more on just bring us up to speed then on the latest developments while indeed the markets in short are just going way down 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 me. They even had to be trading of them had to be closed early today this was the 1st time this has ....
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 lo ....
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 sim ....