International. Prices suffered the biggest collapse in 30 years before rebounding slightly as saudi arabia stepped up its price for. Oil prices plunged up to 30 percent on whats been dubbed black monday the biggest single day since the 1st iraq war sparked by a spat between top suppliers riyadh and moscow who couldnt agree a deal on production opec proposed output cuts in response to forming demands due to coronavirus concerns moscow disagreed noting that that would simply give an unfair advantage to u. S. Crude produces insists it wont give up its benefits. The Russian Oil Industry has a high quality Resource Base and a sufficient margin of financial strength to remain competitive out any predicted price level as well as maintain its market share for russias interests this deal is simply illogical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell and make it worthwhile for them as the Mainstream Media have called russias refusal re
For good morning to you thanks for joining us here on r. T. International. Wall street has suffered its 1st automatic halt in trading in more than 2 decades after stocks fell nearly 8 percent shares were spooked by the biggest collapse in the old price since the ninetys before rebounding slightly saudi arabia stepped up its price war. Google or more market share crazy right here in your money pretty much a chart of the Oil Price Crash exacerbating some of the fears so then a real rout on the stock markets not seen since the height of the financial crash more than 10 years ago the markets slumping heavily. Or prices plunged to 30 percent on what has been dubbed black monday in the biggest single day full since the 1st iraq war it was sparked by a spat between top crude suppliers rhythm moscow who couldnt agree a deal on production. So the arabia says that it will slash prices to grab market share from russia after opec proposed output cuts in response to fall in demand due to coronaviru
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 simply illogical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell
Good morning and welcome youre watching our international. Wall street suffered its 1st automatic halt in trading in more than 2 decades after stocks fell nearly 8 percent as we speak by the biggest collapse in the oil price in the ninetys before rebounding slightly as saudi arabia stepped up its price war and in the u. S. The dow plunged more than 2000 points the worst one day point drop ever prompted by Oil Price War that stunned markets around the world we have a huge market event yesterday as a lot of investors repriced all show off the crash restart markets and the 2000 point swing on the dow its the same for what happens today Business News now starting with the crude oil markets as they try to bounce back from their worst day since 1991. Or prices plunged 30 percent on whats been dubbed black monday in the biggest single day falls since the 1st iraq war was sparked by a spat between top crude suppliers riyadh and moscow who couldnt agree a deal on production. Saudi arabia says i
International. Suffered its 1st automatic hold in trading in more than 2 decades after stocks fell nearly 8 percent shares were spooked by the biggest collapse in the oil price in the ninetys before rebounding slightly as saudi arabia stepped up its price war. And in the u. S. The dow plunged more than 2000 points the worst one day point drop ever prompted by Oil Price War that stunned markets around the world we have a huge market event yesterday as a lot of investors repriced all the shock the crash restart markets and the 2000 point swing on the dow its the same for what happens today Business News now starting with the crude oil markets as they try to bounce back from their worst day since 1991 or prices plunged 30 percent on whats been dubbed black monday in the biggest single day force since the 1st iraq war it was sparked by a spat between top crude suppliers we had a mosque who couldnt agree a deal on production. Saudi arabia says that it will slash oil prices to grab market sh