can i just ask you think this is directly that's coming on on you tube as you're saying i'm concerned about the front line and i think or a question that keeping you up to date and we've seen countries back and be going back to the stream on 00. in oil production comes into force question is will it be enough to help the world markets. joe hockey when i'm come out santa maria this is the world news from. that came out of china and it could have been stopped. president donald trump wraps up his criticism of china's handling of the pandemic but offers no actual evidence to support its claims. also in south africa eases some coronavirus restrictions as it

tries to revive its faltering economy. and jerusalem's al aqsa mosque compound islam's holiest sites closed during ramadan because of coronavirus restrictions. so an agreement among the world's top oil producers to cut output comes into effect today friday following the collapse in global prices it was spurred by a slump in demand because of the deal to cart output came with a lot of infighting between the world's big oil producers go back to early march when they met in vienna and work out how to keep prices stable but failed to reach an agreement opec's recommendation was to take 1500000 barrels a day off the market if russia agrees to cut production as well russia said no. and

so top producer saudi arabia retaliated by announcing a production increase instead sparked a price war lasted nearly a month prices dropped below $20.00 a barrel also in riyadh did resolve their differences eventually agreed to gradually cut production by $10000000.00 barrels per day but as american producers which may have been hurt most by that price war new member when the prices for u.s. crude collapsed on april 20th briefly they went into negative territory for the 1st time ever saudi arabia and kuwait say they have slashed their output ahead of the may 1 production that. it seems the deal to cut output may have actually only happened because president donald trump reportedly pressured saudi arabia and implied the u.s. may withdraw its military support from riyadh if the cut didn't happen i am a binge of aid and this report. 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 and the saudi crown prince which resulted in saudi arabia's latest oil production cut reports suggest president told mohamed bin sell man that u.s. forces stationed in the kingdom could be withdrawn if saudi arabia did not stop flooding the market with cheap crude within days riyadh announced production cuts and ended its oil price war with russia opec in g. 20 members including quit in norway have already announced cuts in output but questions still remain over compliance the us president has taken credit for the nearly 10000000 barrel cut by oil producers which comes into effect on friday i think i got them to cut. maybe when you say. well they say 10 they say 10000000 but i think it's for 15000000 barrels i even heard 20. saudi arabia and russia's failure to agree on price stabilization lead to a $31.00 day price war which has resulted in a massive oversupply of crude not combined with

a coronavirus shutdown of the world's major economies provided a perfect storm. for the 1st time in history traders were paying to get rid of world stocks after storage ran out and u.s. crude futures dipped to a record minus $40.00 a barrel the international energy agency estimates global storage capacity could be full by mid june. with a powerful lobby and nearly a 1000000 u.s. hydrocarbon sector jobs at stake it's now an issue of national security for the united states we're also exploring potentially having the ability to store the other several $100000000.00 barrels so we're looking at lots of different options were in touch with lots of people around the world and the president is determined that we protect the national security interest and the job with flights grounded no one driving and factories closed analysts estimate the demand is in excess of $30000000.00 barrels even though some restrictions are slowly being lifted the energy market is gloomy and positive projections international oil prices estimated

to average around $35.00 a barrel while the u.s. price is expected below $20.00 a drop of 60 percent compared to last year major firms such as royal dutch shell out of readjusting shell cut its dividend for the 1st time since world war 2 norway western europe's biggest oil and natural gas producer wants to ease tax rules for oil firms to prevent a drop in investment there is the short term benefit for oil consumers the european central bank says inflation has declined due to the shop fall in oil prices but slowing growth globally job losses and declining industry coupled with falling oil production doesn't bode well for the global economy some of. their. thoughts now as the year who is director of energy policy advisors which is an energy and mining research advisory he says it will be a while before we can actually see the impact of these cuts. normally in the oil

market data is quite far delayed when we look at the actual april data you saw production increases coming through so thus on the back of the original breakdown of the deal the size of the cas a pretty staggering from a when you look at them in relation to april so i think there are going to be some countries that are going to quite reach their target certainly at the beginning of the month but there is there is a real issue into it as well in terms of storage capacity filling up around the world and where they're coming. countries and companies can actually produce and sell our oil i think the the data will start to be visible over the next couple of weeks there's early indications there rusher is making the cuts you can see for on the shipping loading data i used an oil tanker trucking

and analytics firm oil x. and they're sharing the russian production in may has already started to fall. by thinking it's going to take a few weeks to see the evidence of the large declines coming through in terms of less tankers leaving countries like russia leaving other big exporting oil produces on to other news in the u.s. president says he has seen evidence the corona virus originated in a laboratory in the chinese city of but he failed to give any actual detail on the trucks that the release of covert 9 could have been a horrible mistake but he added it's possible china chose to avoid stopping the virus from spreading beyond its borders patty culhane with us reports. a conspiracy theory has been floating on the fringes of conservative media for weeks and now it's made its way to the white house you seen anything at this point that gives you a high degree of confidence that they would have instituted

a raji was the origin of this virus yes yes i have that was the president of the united states indicating he's seen something that says the coronavirus was made in a chinese lab he didn't say if it was from a us agency or from cable television where he gets a lot of his information after reports that the cid ministration has been trying to get the intelligence community to find a connection to the lab the director of national intelligence issued this statement saying the intelligence community also concurs with the wide scientific consensus that the covert 1000 virus was not manmade or genetically modified and 2 weeks ago the u.s. military seemed to make the same conclusion on the on the lab piece of that that's there's a lot of. rumor and speculation in a wide variety of media the blog sites etc should be no surprise to you that we've taken a keen interest in that and we've had a lot of intelligence take

a hard look at that and i would just say at this point it's inconclusive although the weight of evidence seems to indicate natural some republicans have been trying to point the blame and public anger at china some even saying they should simply refused to pay china back for the u.s. bonds it holds the president though said he wouldn't go that far indicating more tariffs could be his response further straining the relationship between the $2.00 countries and the already stretched bank accounts of consumers in the u.s. who ultimately pay the price for those tariffs pedicle hain al-jazeera. south africa has started easing some corona fire restrictions this friday after 5 weeks of lockdown some businesses are being allowed to reopen people can leave their homes to exercise the government says it will impose an overnight curfew and deploy more soldiers to ensure social distancing rules are followed from in millions in johannesburg with more now on how the 1st day of e.'s christic change is going so

far. this is the main highway between johannesburg and. and police have set up one of the largest road blocks in this area they're also soldiers here to ensure that people aren't hearing to the lock down restrictions now south africa has eased the regulations slightly in that some businesses are able to open and a 3rd of the workforce are able to go to work but for millions of south africans these are the kind of regulations that they're facing police are making sure they're here to regulations and they're also on the lookout for cigarettes and alcohol because in south africa the sale and transportation of those items is still bad and. police will likely see thousands of vehicles come through this roadblock during the course of the day they are about $7000.00 soldiers that have been

deployed across the country but the government has also said it's made provision for up to 70000 soldiers to monitor the streets in south africa while the stiction are being eased even just slightly the government has deployed more soldiers and police to ensure the people i'd hearing to the lockdown regulations and even those of africa has now moved to a level full one level lower than previously were actually seeing more officials and more security officials monitoring the lockdown. well crowds are gathering in beirut as anger only grows over lebanon's financial problems there have been calls for mass demonstrations on friday against the government and its handling of the economy on thursday the lebanese government approved the financial reform plan but leaders have been under pressure to act after months of public protests.

in bahrain as i know. people have started to return to the streets now that the government has the lockdown that was imposed to try to contain the spread of the coronavirus people are angry their economic situation is only worsening living conditions 'd are worsening you talk to people here and there is really fear about the future a lot of uncertainty according to the labor minister on the occasion of the labor day she announced that 30 percent of registered companies have been shut down and that 20 percent of those companies have reduced the salaries of employees by half and i can give you other government figures on the social affairs minister is saying that 70 to 75 percent of the population of some 5000000 people need help 45 percent of the people live below the poverty line and 22 percent live in extreme poverty so it just shows you how dire the situation is the economy the financial

crisis is the worst in decades the government presented a rescue plan but that plan involves seeking international assistance from the very people here say that this is not that the answer borrowing more money is the answer already this century is heavily invested in fact levanon for the 1st time in its history the fault is on its public debt and the local currency the found it has lost 60 percent of its value on the back lot markets there's also a shortage of dollars people savings their deposits and. they have no access to them because of in their home. well the trolls and the list could just go on and on to show you how. the situation is but the government really doesn't have much of a choice years of bad management years of corruption that is being blamed for the situation lebanon is in today but going to the i.m.f. is just the 1st step lebanon will have to meet

a lot of conditions tough conditions in order to get the money that it urgently and it's the prime minister saying that there's better that's what he told the lebanese people but at the same time he says those days are going to be difficult just talk us through if you wouldn't mind where you are and what we've been seeing there in these pictures with your crew just trying to get a feel for what it's like there given how violent things have turned generally later in the evening. but yes we are in martyrs square the central beirut this has been really the main protest site for the prospects months and we remember in mid october a protest movement began if you talk to people here they call it a revolution that began after the government wanted to impose taxes on what's up calls and that was really the straw that broke the camel's back if you see if you want to say that way for people to take to the streets but then with the mounting there's a new leadership and those calls it's the same call today it's

a festive atmosphere here there are protests in other cities across the country you mentioned violence yes a few nights ago in tripoli that is the and the north of the country protests turned into riots army confronting half a government protesters protesters vandalizing by this a.t.m. machine that the army is saying that they have to use force because they will not allow people to destroy public and private property but that they will allow peaceful protests like this to continue but if you talk to people here that's name . well we've been doing this for 6 months and those in power are clinging on to power so this is not really achieving much but people here are not going to give up hope they say there is still hope for a change and this is why they are slowly returning to the streets in beirut thank you for that live up to. in the news ahead. take you beyond

body into storage we do need to just never have. an unprecedented surplus for nigeria causes concern for an economy so dependent on oil revenues. and health workers across mexico demand medical supplies as the peak of infections news. we got no shortage of spring sunshine will spring sunshine to coming into japan over the next day or servicing cloud pulling out of the way brighter skies coming back in behind in temperatures responding quite nicely say 28 celsius there in tokyo $23.00 therefore so we getting up to $34.00 in beijing still some warmth

around just notice some wetter weather sliding out of the l.s.a. the east china sea that will continue to make its way further race with as we go through sunday for that chain of cloud back down into southern parts of china but for the far south it's going to be dry and find hong kong warming up we'll see temperatures here at around 30 degrees celsius warming up to across a good part of south asia now the pre monsoon heat continuing to build we got a few showers so northern parts of india once again more of these live fish i was continuing into bangladesh into the found northeast notice some very heavy rain there into west bengal more than parts of addition maybe a chance of want to see showers just around the west and gas but across central areas that's where you're going to say that the high temperatures 43 celsius in that pool could touch 44 here's you go on into sunday that he stretches its way across the northwest of india and southern parts of pakistan graci with a high of 39.

in countries like mine people have been killed to be. really united states have privatized the ultimate public look this was a deal with saudi arabia things were done differently saudis other arabs when they came to britain to be all to help the past bombs deal so long you will from so this meeting sit down isn't that interesting. shadow on al-jazeera. route. back once again with the headlines on al-jazeera and an agreement among the world's

major oil producers to cut out but comes into effect on friday or will be a lapse in global oil prices driven by falling demand during the pandemic president donald trump says he has seen evidence of a 19 virus originated in a chinese brick tree and were han he adds it's possible beijing chose not to stop the disease spreading it gave no evidence to support his claims crowds are gathering in beirut as anger grows over lebanon's financial problems they have been called for mass demonstrations against the government and its handling of the economy. we go back to the issue of oil and africa's largest producer producer in nigeria which relies heavily on oil revenue for its economy but the huge surplus in global supply is causing further damage and injuries reports from the capital a budget. it's been a particularly difficult year for nigerians who are all dependent economy is struggling low prices and cuts in production resulted in huge loss of revenue but

more worrying for africa's biggest producer is the damage the current glut will do with fuel storage facilities the options for nigeria like many small and medium sized produces is to give all or shut down some wells what about 52 days and i'm pissed into a lot nobody has ever been taking to the beyond into storage which includes that's never happened why did mr brown when can just come back to work i'll be so much supply that the demand cannot compensate for that revenue shortfall some all have already forced the nigerian government to consider almost 40 percent cut in this is spending estimate 1000000000 people companies that you've had to shut down can i do wells if i can bring back do with what happens next for your pain of somebody that you could call but that's not a permanent that judging the current cost of producing

a barrel of oil in nigeria is about the same as the market price something produces an expert say isn't sustainable for a long period nigeria's oil company then m.p.c. says it's engaging its joint venture partners all companies to see how do a father cut production the country's current output is 1400000 barrels of oil a day and as producers desperately look to shop prices it's awful possible that nigeria will be forced to make cuts experts warned that the current instability in the oil market is said to father damage the economy nigeria imports a significant amount of consumer goods including refined petroleum products. i believe from the holy. month. to. internationally. and that's why it's. important.

that. the standard of living average nigerian. focused but could even get worse if the credit market chart continues for a long time. al-jazeera. may the 1st is recognized as labor day honoring the struggles and gains made by workers all over the world this year though not much to celebrate its millions of people find themselves suddenly unemployed the usual marches have been banned in many countries that are in lockdown in athens though workers defied lockdown measures to rally for better conditions during the pandemic the greek government had asked the unions to hold off on demonstrations until next week while a nationwide curfew remains in place still under strict quarantine restrictions people in france stayed home enjoying their neighbors and singing the national revolutionary anthem a different scene compared to last year's may day when rallies in paris turned violent and in spain nearly 300 people have died from corona virus complications

overnight bringing the death toll there to over 24000 in ultimate comes as authorities close the famous field hospital in madrid they were able to do so because pressure on the hospital system in the region has decreased as new infections slowed. for the 2nd friday of ramadan jerusalem's allots a mosque compound remains closed and the streets of the old city are unusually quiet palestinians living in occupied east jerusalem having to adjust to a new way of of observing the holy month while dealing with the economic uncertainty of the lock down or from harry forces. holy month that islam is 3rd holiest site in the courtyards around the locks a mosque in the dome of the rock a empty mass prayer band to help stop the spread of the coronavirus usually tens of thousands of worshippers many from the occupied west bank who come here each day to pray the effects of being felt beyond this sacred site by the people who live and work in the alleyways of the old city lockdown has already brought serious hardship

he says business is holding to nothing as customers save their money and there's no familiar ramadan to make up for it. we white for ramadan the whole year ramadan is different with its beautiful atmosphere there is a lot of work in ramadan but this year there is no work and there is no ramadan. foot traffic is down in thoughts of religious observance of competing with anxiety of a job and finances that is even here in the us that i am 60 i have never seen anything like this my son has 6 kids he has rent to pay he's not working how are they going to wait and drink. as of this week the israeli government that controls jerusalem's occupied east has allowed more types of businesses to open but as well as unlocked doors recovery requires customers some restrictions begin to be lifted shopkeepers

here talk about a gradual return of some economic activity but very gradual especially given how few people comparatively are on the streets of the old city and all of this thrown into relief by the fact that ramadan is usually one of the busiest times of the last year this was the scene at damascus gate as thousands headed into the old city to pray at. this ramadan the walk or islamic trust in charge of the mosque is telling the faithful to stay away. and we're in great pain right now this month as alex a month usually we have tens of thousands of people coming to the mosque and it reaches hundreds of thousands but for the sake of people's health the works decided to spin the prius and the and so the prayers are instead being brought to the people online and on television in the hope that it will feel all the better to be here for real with those tens of thousands of others for ramadan in 2021 harry for sit out his era occupied east jerusalem. some of mexico city's hospitals reach capacity

health care workers have begun protesting over a shortage of supplies and qualified medical stuff and so the health system could soon be overwhelmed reports from mexico city. the medical staff of this hospital in the mexican capital are the latest health sector workers to protest a lack of personal protective equipment they say they are afraid of contracting coded 19. we're protesting because we are not a culprit designated hospital yet where except in covert patients and so far 45 of my colleagues have been infected. protests like these with doctors and nurses demanding medical supplies. been taking place in mexico since early march in some cases medical staff have had to find and purchase their own protective equipment i will check whether. the country has a lot of protective equipment like boots caps and goggles but no piece of equipment

is asked important as a high fissions the mask known as the n 95 these are only short supply all over the world but in mexico in particular in many places have never even had this mess. as coronavirus contagion in mexico nears its predicted peak so does the expected capacity of the nation's health centers. this emergency room staff and can coon say donations have helped alleviate their demand for protective equipment but they fear the facility will soon be overwhelmed seeing by the government. who will definitely reach a moment where we suppose capacity this clinic is now dedicated specifically to treat coronavirus the flow of patients is constant we will suppose capacity in mexico city more than a dozen hospitals have announced they have already hit capacity the mexican government however says that 70 percent of hospital beds set aside for kobe 1000 cases remain unused. many public spaces have also been repurposed to accommodate

for unexpected overflow patients at hospitals all across mexico medical personnel are warning over the possibility of a health system collapse adding that now more than ever is the time for people to stay in their homes and continue to abide by social distancing guidelines. mexico's president said in a recent address the country has prepared very well to meet the demand for medical equipment many of those on the front lines of the fight against the pandemic don't seem to agree. mexico city. at least 10 people have been injured in an attack on an ammunition warehouse east of homs in western syria state media says a number of explosions were heard at the facility located in a military camp civilians were hit by falling shells it's not clear at this stage who was behind the incident libya's un recognized government says it's carried out air strikes south of tripoli on a convoy from khalifa haftar us forces. warlord has recently lost ground to forces

fighting for the government of national accord the g.n.a.t. which is also rejected the ceasefire called by half for the month of ramadan libya's government says it doesn't trust it using him violation previous cease fire without the wahid is in tripoli for us and says honey for have to reserve it's a major losses in recent days. on the front lines the government forces have been carrying out air strikes targeting get a can void of military vehicles and including the. trucks loaded with fuel they were on their way to have to us forces they were targeted by the government air force in central libya they were on their way to have to us forces in the city of the horn and in southern tripoli the government military sources also say that they targeted. individuals have to prove have to individuals and military vehicles in other words here is about 150 kilometers to the. southern

west of the capital tripoli the government of national called on the other hand says that it is rejecting any. truce announcement or proposal but have to unless it's been got emptied and sponsored by the international community to say that given the fact that have to others cannot be trusted and he rejected many ceasefire proposers in the past. half past the hour on al jazeera these are the top stories an agreement among the world's major oil producers to cut output comes into effect this friday or there's a collapse in global oil prices driven by falling demand from the pandemic us president says he's seen evidence that 19 originated in a chinese the birch tree in the city of. he adds it is possible beijing chose not

to stop the disease from spreading but gave no actual evidence to support his claims. the crowds gathering in beirut grows over lebanon's financial problems have been calls for mass demonstrations against the government and its handling of the economic situations in a hotel in boston square in beirut. people have started to return to the streets now that the government has eased the lockdown that was imposed to try to contain the spread of the coronavirus people are angry their economic situation is only worsening living conditions are worsening you talk to me both here and there is really fear about the future a lot of uncertainty pointing to the labor minister on the ok labor day she announced that 30 percent of registered companies have been shut down and that 20 percent of those companies have reduced the salaries of employees by. south africa started easing some coronavirus restrictions after 5 weeks of lockdown some

businesses are being allowed to reopen on friday and people can leave their homes to exercise the government says it will impose overnight curfew and deploy more soldiers however to ensure social distancing rules are followed. and labor day marches around the world are being impacted by the pandemic in athens workers defied lockdown measures to rally for better conditions the greek government had asked the unions to hold off on demonstrations to next week while a nationwide curfew remains in place. and in spain nearly 300 people have died from corona virus complications overnight bringing the death toll to over 24000 the country has over 200000 confirmed cases you know that comes as authorities were actually able to close a field hospital treat while out for today thanks for your company mohammed jump germs got the inside story next.

as corona virus spreads in the u.s. its economy is likely to face its worst crisis since the great depression and the spillover is expected to inflict long term damage there and around the world so what can be done to reverse the crash and can the global economy fully recover this is inside story. hello and welcome to the program i'm homage i'm joined it's the world's largest economy and has enjoyed record growth but it's collapsing.