tv NEWS LIVE - 30 Al Jazeera April 21, 2020 2:39am-3:01am +03
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she some people stood up and said god will sit down and the entrance to the city was horrific they killed people in the streets in their houses and in. the crusades an arab perspective at the sold one shop. on a jazzier. there were 3 al-jazeera reminder of our top stories this hour for the 1st time in history u.s. oil prices have crashed below 0 dollars as the juices of fast running out of space to store their oil lockdowns in response to the coronavirus pandemic have produced a massive slump in demand for energy and excess supply of oil in the markets.
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the world health organization is warning against complacency some european countries ease restrictions nurseries in norway have reopened and small businesses are trading again in some parts of germany and denmark. the new coronavirus pandemic and lock downs have hurt the demand for oil globally and here's what major oil producers have been trying to do to offset those losses back in the beginning of march opec recommended removing one and a half 1000000 barrels per day from the markets russia refused on march 7th saudi arabia retaliated nonsuch plans to flood the market with oil instead prices sank below $20.00 a barrel it took a few weeks but moscow in riyadh buried the hatchet and agreed to gradually cut production by $10000000.00 barrels per day but the supply cuts were not happening fast enough for the markets and the spent may have hurt american produces the most prices have gone negative with produce is paying by is to take the commodity off
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their hands of affairs that storage capacity could run out. well and train and one i'm sorry if i go there on health as a senior research scholar at columbia university and a former chief oil analyst at the international energy agency he joins us live from new york via skype thank you for your time on the surface the drop in the futures market may look like an anomaly but that is not the case tell us why. well it isn't it's not that it's a it's a drop that happened at the end of the game when the made the top monster contract in the new mixed market is being traded the contract expires tomorrow so it only this this move this very unusual move could only have happened in this period when the. the contract is being settled then people who are stuck with taking delivery of barrels are looking for stories as looking for a place to put it but but at the same time this very unusual moves and it's not
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quickly kate that in the next month their contract for example but this move could not have happened either with the massive imbalance that we are facing in the market without the massive oversupply as a result from only of the of the of the core the virus and the the lockdowns or the shutdown of the global economy. let's talk about the other parent plus others d.-o. they agreed to cut $9700000.00 barrels a day beginning in may demand this month is forecast to have fallen by almost $30000000.00 barrels a day could this have been foreseen what we're seeing now that those a great cuts just wouldn't be enough yes of course and i think many people get 4 seats and we foresaw it. my colleagues at columbia university of course so it and their colleagues up there was a company you know so work with or so or so predicted that. the no no no production cut could have said to the collapse and. it takes time to cut production 10000000
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is a big target is a very ambitious movie so biggest cut you know pick history and with the largest number of contributors to it to the cut so there was no way at all that it could offset completely the tedium and losses we versus the price decline and reversed the the increase in inventories so we continued increases in the in the storage levels and could stories levels rapid increases and pressure on storage capacity growing concerns that the market would run out of case to the oil so if that's the well on that point storage capacity as we've been reporting it's filling up is there anyone out there that's doing well out of this is there anyone that's buying oil putting it on a tanker and just waiting. so the producers are suffering no doubt not that not all to the same extent but all producers are suffering from the loss of revenue. i
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think the only people who are benefiting from this situation the people who have storage capacity who have their hands on empty tanks and can't put the oil in the door or squeeze on those 2 to pick their oil and think that they're all. consumers are not are not benefiting now because even though it typically low prices are good for consumers today consumers cannot use the or they're stuck at home doing nothing so there's nothing they can do with the low price it will be important when the economy starts getting out that their loved ones and the recovery starts picking up momentum then the prices would be a stimulus to the economy that's not the case today so the only players that really benefit the storage operators increase interesting me in the u.s. where we've seen this type of price declines and where the benchmark that went negative today we're not seeing. capacity storage capacity we're going out just yet actually we've seen weapon increases in storage levels that cushing. 10000000 barrels
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a day of storage away from the from the highs that it reached on the 2 years ago so this is not just about the available storage capacity it's also about increasing demand for storage there are growing concerns about the lack of storage capacity and the willingness of those who have distorted capacity to really extract and squeeze those who haven't we don't destroy the capacity really good to get your expertise thank you very much for your time my apologies for not going to pronounce that is and one hofmeyr senior research scholar at columbia university thank you. i was in a tent the economic impact of the coronavirus was having an effect even before the something oil prices john hendren has more now on just how reliant the u.s. economy is on the vital results. across american oil country the pumps are shutting down since the coronavirus lost much of the western world in their homes the floor has dropped out of the oil market is a gas station selling gasoline to 99 cents
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a gallon now you would think was great and anybody going to run and there was a line of people there to fill the course the question is where are you going to go the price of the benchmark american crude west texas intermediate has collapsed from $60.00 a barrel in january to below 20 in the past week across the u.s. the price at the pump is lower than it's been in years rick even at rush hour if you are vying the international energy agency says the world's appetite for oil hasn't been this low since $195.00 especially hit hard the fracking industry that turned the u.s. oil industry into a net exporter since 2011 fracking companies which break rocks to find fuel need oil above $30.00 a barrel to make a profit it's not it's not just that it will come you know it's the oil service companies it's a little towns in the oil patch that you know the motels the diners restaurants you know those types of things the ripple back is tremendous when you go move out from
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the old gas company and all the ancillary companies that provide them services and arts so i'm afraid it's going to be ugly the 1st casualty came on april 1st denver based whiting petroleum declare bankruptcy if prices don't increase soon whiting will likely become only the 1st of hundreds of oil and related companies to do so right now if they're like well if. we're not. happy you know maybe whatever's. so the oil industry waits and worries until all the pumps return to service john hendren al-jazeera chicago the pandemic and the fall and global oil prices have damaged iraq's economy poverty is on the rise and daily wage earners are being forced to stay at home because the restrictions now some students have found ways to help families struggling without an income from back that has to modify their
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story. a bottle of oil a small bag of beans pasta and the can of tomato paste it doesn't seem like much but these volunteers hope it will offer some responds to iraq's most needy families struggling to get fired during the coronavirus pandemic this group of university students and recent graduates has raised private contributions through social media to fill the gaps in iraq social safety net what you might not get much of it not enough we don't rely on the government we depend on ourselves and the generous people who donate to us a few days ago we went to the houses of those in need we checked how many they are and what they need sometimes they don't need food they need medicine so based on the needs we register we will provide what they need. the volunteers head to our area in the shaab neighborhood one of the poorest and most neglected in baghdad many here depend on daily wages but because of the month long lockdown they've been
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stuck at home with no income father of 4 mohammad siobhan used to earn $25.00 a day working at a restaurant before it was shut down. the impact is very big we live from day to day as you know the daily labor cannot save money even if he has money it may be enough for one week or 10 days. many year are desperate for help but the volunteers only have 53rd baskets some criticize the group for unfair distribution but most of their anger is directed at the government which to accuse of corruption and systematic neglect when i want you to come see him i was born in 1950 and i'm a water boughton but even my bench isn't in the level or does the because of government distracted with other things that have no benefit to us 20 percent of iraqis or $8000000.00 people live below the officially designated poverty line but only half qualify for social security payments of up to $180.00 per month the
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government also hands out food rations to all iraqi families though many complain about delays in poor quality now a new program has been launched to help reduce the impact of the coronavirus pandemic the government has called on families suffering from economic hardship to register for a special monthly allowance of $25.00 but even for the poorest segments of iraqi society that would only cover a fraction of their living costs. the government says it is doing enough to help iraq's poor. the government allocated $250000000.00 for one month for $10000000.00 people who don't have any income and who are really hurt by the curfew because of the coronavirus crisis the funds are expected to be paid out by the end of the month but for many iraqis living in poverty it'll be too little and too late or they need is for a curfew to be lifted so they can again return to work and fend for themselves
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simona 14 al-jazeera but that singapore has reported a record jump and daily infections with more than 1400 cases confirmed on sunday health officials say most of the new cases are among ex-pat workers and living in dormitories the world health organization has praised singapore for its efforts in containing the outbreak the government has been struggling to stop the virus from spreading among its foreign workers more than 8000 cases and 11 deaths have been recorded in singapore so far. government leaders in cargo thought of facing a backlash of forcing doctors to apologize after they complained of not having enough personal protective equipment health workers account for a quarter of new infections there have been faster walker reports. a young doctor. makes a forced the policy on facebook after he was interviewed by kyrgyzstan's national security agency i wrote about the lack of quality face masks at my clinic he says
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actually this was false information and i apologize although his twitter feed was deleted this tweet that the mask he was given wouldn't stop musky toes let alone 19 went viral like this so have other social media posts a medical workers forced to cycle to work others risking infection by using the only other transport available the state security agency website is devoted to exposing those accused of spreading rumors but one fact is inescapable 25 percent of known coronavirus cases here a medical workers. it's become a basis for parliament now to look at how law enforcement is putting pressure on the medical profession at the end of the day we're not in china and we can't put pressure on our doctors because it will lead to them hiding information about
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what's happening in the hospitals and that is a crime. another popular video mocks the state committee for national apologies. we apologize the citizens say. gauging the public mood the government has promised to do better you to do so don't you that we are doing everything in our hands to protect medical workers believe your heroes. talk to back toward russia tag back toward still trending and now his image has been popularized hailed as a medical hero for saying what's needed to be said robin 1st year walker. israel's prime minister benjamin netanyahu and his main rival benny gantz have agreed to form an emergency coalition government it ends a year long political crisis and prevents a 4th election the past say they will stay in the country through the coronavirus
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or break the government will last for 3 years with netanyahu serving as prime minister for the 1st half of benny gantz for the 2nd but now who is due to stand trial for corruption he denies all charges. afghan officials say taliban fighters have killed $29.00 soldiers in a series of attacks on checkpoints the group hasn't claimed responsibility for sunday's attacks which come at a sensitive time for both sides the afghan government and the taliban are in the process of exchanging prisoners that's part of a deal the taliban signed with the us in the qatari capital doha 2 months ago. the death toll in canada's worst mass shooting has gone up to 19 including the gunman police are investigating a series of crime scenes scattered across the province of nova scotia the gunman had driven more than 100 kilometers shooting at people along the way and setting homes on fire then you lack reports from toronto. this was a crime as elaborate as it was horrific police believe just one gunman was involved
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and that he's dead shot by heavily armed officers after a 14 hour spree of gun attacks and arson across central nova scotia among those known to be victims of the gunman a 23 year veteran of the royal canadian mounted police the r.c.m.p. others killed were a teacher 2 nurses and a family of 3 including in 1000 year old woman but the lead investigator said he feared there were other victims not yet found we've been unable to fully examine the crime scenes because for instance we have had. 5 structure fires. most of those being residences and we believe there may be that term still within the remains of those. which. in all the chief superintendent said police were working at 16 crime scenes along more than 100 kilometers of road he said some of those killed were known to the
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gunman others appeared to be targeted at random so far there's no indication of motive police have not yet found a note explaining the gunman's actions it's hard to imagine a more complex challenge for police with so many crime scenes and witnesses including survivors to interview many days and weeks of investigations lie ahead canada's prime minister began his daily 1000 press briefing with promises of solidarity to communities hit by unexpected unspeakable violence this happened in small towns. peak truro milford and enfield are places where people have deep roots places where people know their neighbors and look out for one another now these communities are in mourning in canada is in mourning with calls are growing for justin trudeau government to introduce long promised legislation tightening canada's already strict gun control laws this is the worst mass shooting
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in canada since 1989 when a gunman specifically targeting women killed 14 people at a college in montreal a country already traumatized by the pandemic is deeply shocked and wondering just what happened in nova scotia and why daniel lak al-jazeera toronto. floods in western kenya have killed 12 people including then on a rescue mission the search is underway for others who are still missing the government says. displaced. and some would say a page of bob dylan's handwritten song lyrics is priceless but it's up for sale and could break records the sheet of lyrics to his $960.00 s. classic the times they are changing is covered in scribbles the asking price of $2200000.00 would set a world record laid it lady lay and subterranean homesick blues are also on. 26 days he became the only singer songwriter twin the nobel prize for literature. back
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a top down here on. desperate for a better life millions of people have sought refuge in europe with. sometimes their dreams of century all realized but sometimes disenchantment and hostility drives them home. people and power goes to the north german city where a humane approach to integration is proving surprisingly effective assimilation then.
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trying to cover all of that america for most of my career but no country is alike and it's my job to shed light on how and why they say to really know someone you must walk a mile in their shoes. follow in their footsteps the state forced their way in the was. inspiring stories of people severely on. chosen path. with news documentaries on al-jazeera. an extrajudicial killing and a north african capital. i heard someone breaking into our house is. that i heard people shouting i saw 4 masked men and only their eyes and hair was
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showing. al-jazeera world hears rare eyewitness accounts of the dramatic story of the assassination of major p.l.o. figure was here in a secret israeli operation assassination in tunis on al-jazeera. this is a great time to buy oil and would like to have congress prove its. damage control the white house as fallout from the coronavirus pushes us oil prices into negative territory for the 1st time in history. meanwhile so much oil but where to put it that is the question is the global lock down shows only a few signs of lifting. them convert al this is al jazeera live from.
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