mason hamilton, an excellent petroleum analyst with the u.s. administration had a couple tweets yesterday niexplaining what the impact will gasoline prices would be and it typically follows brent oil prices and it's usually 80% of the impact. let's say brent oil prices go up $10 and 80% of that increase is going to be baked into the change in gasoline prices. the other thing is, it takes about two weeks for that impact in the oil market to have impact on the gasoline retail gasoline prices. >> analytics sees gasoline prices going from about 262 280 so at the moment i can't really speak to what the increases is, there can be a variety of factors will most likely something that happened about two weeks ago. this incident hasn't so far yet had much of an impact on gasoline prices.>> let's listen to what president trump had to say monday when he was in new mexico about the u.s. energy position. >> the united states is now the number one producer of oil and ucnatural gas anywhere in the world. this means more jobs. higher wages and american energy i

nathan hamilton, who is an excellent petroleum analyst with the u.s. energy administration, had a couple of tweets yesterday explaining what the impact would be of abqaiq, and he typically follows oil prices and it is usually 80% of the oil price is good when oil prices go up $10, 80% of that increase will be baked into the change in gasoline prices. the other thing is it takes weeks for the impact in the oil market to have an impact on the retail gasoline prices. sees gasoline prices going from about $2.60 to the moment, i cannot speak to the increase. it could be a variety of factors, but it could have been two weeks ago. this incident has not had much of an impact on gasoline prices. host: let's listen to what president trump had to say when he was in new mexico about the u.s. energy position. [video clip] pres. trump: the united states and natural gasr one producer anywhere in the world, and this means more jobs, higher wages, energyrican independence, which is what we have. [cheers & applause] pres. trump: you know, a few years ago, if we had a pr

which may have an impact on oil prices, i have authorized the release of oil from the strategic petroleum reserve if needed in a to be determined amount sufficient to keep the markets well supplied." the president also saying he's informed agencies to expedite oil pipelines currently in the

nylon products also based on petroleum could it be replaced in the future by vegetable. end-i or chicory is an alternative. raw material with great potential. believe a vegetable is rich in vitamins and minerals. but researchers are more interested in its roots. typically they're tossed into the garbage or sent to a bio gas plant. but professor andrea kusa from the university of hohenheim has far different plans for the plants. they contain a substance that she needs for her research. that's yet this is the part you can eat the vegetable. is the root. the root contains a substance for storing glycogen cellulose and starch which we can turn into a base chemical compound for things like nylon pantyhose or bottles. if you take a flask in my. chicory roots are too bitter to eat apart from fermenting bio gas not much else can be done with them but that makes them ideal for andrea cool and her project. is looking as this is really the 1st time we've been able to produce this base chemical compound from chicory roots or other waste substances yes. that's that's what's special.

petroleum reserves to be released into the market. a moment ago we were looking at a timeline that was attacks in saudi arabia. months,he space of four culminating in this impressive attack with 10 drones. facilities protected, and could we see a risk premium priced in? sara: i think it will be permanently priced, included. the geopolitical risk premium and the fear of war and attack has been slowly increased in the prices, from the moment that iran started to threatening the market back in november when u.s. sanctions were implemented on iran. iran officials on different occasions announcing if iran can't export oil they will not let any of their neighbors, neighboring countries to export. , if you look at it, the risk premium was very -- the market was barely showing any reaction to iranian threats. then we had a tax on oil tankers, we didn't see a rise. but as the incidence are getting bigger -- incidents are getting bigger and more major, that risk premium will be more permanently settled in the prices and it will be bigger than p

will release its strategic petroleum reserve if need be do you think that that's likely to happen. it's hard to say quite frankly we really have to see in the coming hours and days if saudi arabia is able to increase their production to the levels that are normal output and we haven't seen that so far just the fact that president donald trump is says that he would authorize the release of the strategic reserves or the tapping into them just shows you how worried washington is about this right now the u.s. has the biggest strategic oil reserves of any country in the world it's about 650000000000 and i'm sorry 650000000 with an m. barrels of oil that are an underground salt taverns in the state of texas and louisiana it's rare very rare for the united states to tap into those under any circumstances they're only meant to be used in an emergency but clearly the trump administration in washington right now is seeing this potentially as an emergency if saudi arabia is not able to increase their production to pre levels of where they were before these strikes happened and a we've also se

it has to be cheaper than the petroleum.that may be the first step but once you actually use it, you're not buying petroleum for the next three or four years. when you look across the political landscape in europe, and you look at climate change and how the greens performed very well into the recent european parliament elections, we had the extinction rebellion protests here in the uk. do you think this kind of issue—based politics is going to be the politics that we're going to see more of? we see now a lot of talk. there's not a massive legislative change yet, there's not a lot of sort of reorganization of the systems which have been creating the problems that we are in now so i'm curious to see if the civic interest might push the politicians. you would like to think that the politicians might go first but now it does not seem to be happening. which means that the civic, the people, we see around the world, probably need to take the lead than elect politicians. we had a party at the recent elections in denmark who simply

it has to be cheaper than the petroleum.the first step but once you actually use it, you're not buying petroleum for the next three or four years. when you look across the political landscape in europe, and you look at climate change and how the greens performed very well into the recent european parliament elections, we had the extinction rebellion protests here in the uk. do you think this kind of issue—based politics is going to be the politics that we're going to see more of? we see now a lot of talk. there's not a massive legislative change yet, there's not a lot of sort of reorganization of the systems which have been creating the problems that we are in now so i'm curious to see if the civic interest might push the politicians. you would like to think that the politicians might go first but now it does not seem to be happening. which means that the civic, the people, we see around the world, probably need to take the lead than elect politicians. we had a party at the recent elections in denmark who simply did not have

the petroleum reserve has only been tapped three times. amid unrest in libya.o the way boeing operates. involving the 737 max does. they have been looking at how good design safer airplanes. include the creation of new groups focused on safety and changes the way future cockpits are design. >>> there was a tight race at the box office this weekend. came out on top? >> here is the background. the new movie about strippers expectations at the box office. it was not enough to strip anywise from the top spot. >>> always good to see you. thank you so much. >>> the trump administration visiting the bay ar we will show you what they're looking for in san francisco this week. > it is lit up with the rainfall. we are tracking a call from pushing across our region. we will talk about that and i will take you through the afternoon on future cast. >>> a j big red. all lanes completely shut down. i will have your drive times shut down. cracker barrel makes every meal one to remember. with favorites like sunday homestyle chicken, now available every day. and our new sweet n'

before long he started his own company, mesa petroleum with just $2500 pickens spent years collecting valuable assets, he took mesa public in 1963, quickly realized what the power of stock can do turning from geology to corporate finance. pickens became one of the first so called corporate raiders. he unsuccessfully launched takeover bids for gulf oil, phillips, petroleum and unical covering a playbook that would be found by others pressure to sell itself become very rich in the process >> it would be foolish to tell you we lost and oil made $580. >> mr. pickens was also an early advocate for shareholder rights. >> now, remember the stockholder owns the company >> that formed a new generation of shareholder activists in 1997, at the age of 68, he started bt capital one of the first energy focused hedge funds. a huge bet on natural gas in the year 2000 proved precious. set off a run to a billion dollar fortune in july 2008 he selfunded making america energy independent. >> we haven't turn a thing to lower our dependency on foreign oil. >> the pickens plan never reached the scale he wan

implemented for inside venezuela things move different we're going to announce sanctions against petroleum to venezuela associated famous would have a son of a moment who's been in the tempest in fact. sad to see on the path to the magic of the moment the focus of the who story is a new nixon told in henry kissinger to tell him that it would not be tolerated that in latin america. terms of. and social system could take hold and therefore the policy would be to make. the chilean economy scream. in the school. seemed wrong. and it. was betrayal. when some find themselves worlds apart. i did a bit of both of them. in the. u.s. house of representatives speaker nancy pelosi announces a formal impeachment inquiry into whether. his presidential powers during a call to the president of ukraine. will just. 20. presidents betrayal of his oath of office of our national security and the trail of the integrity of our elections. the positive for me.

will release these strategic petroleum reserves to stabilize markets if need be do you see that happening. it's really hard to say i mean he said that he's willing to authorize releasing the strategic oil reserves these are billions of barrels of oil that the us has stored underground primarily in the state of texas these are all oil reserves that could provide all of the oil energies for the united states for about one month or so they're meant to be used only in extreme emergencies but just the fact that the president is coming out and saying that he would authorize those if necessary just shows you how serious the u.s. government in washington is taking this current crisis in saudi arabia in this potential shortage of oil unclear if they will move forward quite frankly and release these reserves but again it's being talked about in washington and just the fact that it isn't the president saying that he would authorize it just goes to show you how worried washington is about current events in saudi arabia and world oil supplies right now indeed and gay but i believe the president has al

president trump saying he will allow release from the strategic petroleum reserve if needed.his is in response to the weekend drone attack on the world's biggest processing station in saudi arabia which will be affecting a crude oil supply. president trump announcing a few moments ago he will allow release from the strategic result -- petroleum reserve to stabilize oil prices. shery: look at brent crude prices, surging above $70 a barrel. we are seeing a surge of 19% at the moment. we have seen brent and wti being pressured in the last week as we continue to see this demand going up, really clear given the ongoing trade war, print has fallen -- rent had fallen last week -- really clear given the ongoing trade war. fallen last week. it is up 19% at the moment. look at brent prices. we have seen huge moves when it came to prices of oil, given the ongoing tensions when it comes to the u.s.-china and macro narratives as well, not to mention these are international energy agency's warning of it -- agencies warning of a surplus of crude. down 16%. crude prices are up 12%. $61 aice

. >> we are going to see if they release a strategic petroleum reserve. overnight, losing 5.7 million karlt barrels a day approach. this will mean higher gas prices in the united states. this could tilt us into recession. saudi arabia, they're making the right message go out, suggesting they would like to keep the market balanced. they have 200 billion, and they would have to replace what they loss. because of the u.s. sanctions against iran and venezuela, the dirty secret is that we don't have enough capacity in opec itself. to put it into context, the invasion of kuwait. nothing compares to what we saw this weekend in saudi arabia. >> we woke up to a world less certain and less safe, for sure. and an oil supply that is in question for the near-term. how long do you think it will take to get up and running? >> i saw a report today, saying they could get a third of the supplies up. i got in touch with two senior sources in saus sources in saab, they told me, this is a matter of weeks. to get the processing facility, this is going to be a big hill to climb

he unsuccessfully launched take overbids for gulf oil, phillips petroleum and uni cal.reating a playbook followedwe many others over the next few decaews. take a small stake in a company, pressure it to sell itself and become very ric in the process. >> i would be foolish to sit here and tell you we lost any deal where we made $500 million. >> despite the reputation as a stock holding swash buckler. he was an early advocate for varld rigs. insisting executives be compensated with stock. >> now, remember the stockholder owns the company and the management is the temployee. t line of thinking informed a new generation of shareholder active in 1997 at the age of 68, pickens started his investment fireman firm bp capital one of the first energy focused hedge funds a nearly total flop at gas in 2000 proved pressient and set off a runo a billion-dollar fortune np in july 2008 he self-fund add $1 million campaign and making energy independence in america. >>> we a haven't done thing to lower dependency on forei oil. >> though it never reached the scale he wanted he has been in

implemented for inside venezuela things moved different we're going to announce sanctions against petroleum to venezuela associate. in the school have a supplement to. get out of that political battle so on the path to the map at the moment the focus of the whole story isn't new nixon called in henry kissinger to tell him that it would not be tolerated that in latin america an alternative economic and social system could take hold and therefore the policy would be to make the chilean economy scream so wants and making the economy of venezuela screed. welcome back following the complete corporate collapse of british travel giant thomas cook the company's german branch is eyeing a lifeline by seeking new investors the firm subsidiary has filed for in salt filed for insolvency in order to separate itself from its british parent company to avoid what they have called financial intending movements and liabilities while investors are suddenly setting their sights on the newly independent company the german government has said it is considering a bridge loan to keep the company afloat this claim c

of its energy industry president donald trump is alter ised the release of oil from the strategic petroleum reserve to keep the markets well supplied. right we can speak to our economics editor now a bit early who's here with me how big a moment is this for the markets markets by definition go up and they go down this is huge and the only reason why this is huge is because the audacity of the attack because there's plenty of oil in the market right this very moment and the world the doesn't need extra oil so the fact that this these missiles traveled across hundreds of kilometers of 1st saudi border in saudi land to hit their targets is a real concern for global markets so it's more a matter of sentiment and confidence in the markets rather than the actual amount of oil in the global supply chain at the moment absolutely so if let's have a look at what we have in the global reserves according to the international energy agency there's about 4100000000 barrels of oil around the world sitting there waiting to be used now the i.a.e.a. basically says that every country should have 90 days worth

heart of its energy industry president trampers authorized the release of oil from the strategic petroleum reserve to keep the markets world supplied right let's talk about this now with our economics editor avid early at it how big a moment is this in terms of oil supplies for the world and the global economy so this is really is a new day shoots attack coming whether it's drones or whether it's cruise missiles as this has been suggested they traveled over 500 kilometers over saudi territory without being detected and that's a big problem and so this is a reason why we're seeing this premium to oil prices right this very moment in time because traders are worried that if it can happen once it can happen again and it's something that they haven't considered in the past now as president trump has said this plenty of oil and there is because the u.s. energy agency says there's about 4100000000 barrels of oil around the world stored around the world just for cases like this obviously nobody predicted a case like this but nonetheless for emergency exactly their own emergencies now the u.s. has

the us energy secretary has today reaffirmed his president's to release oil from the strategic petroleumions, in a bid to calm markets. emma richards is an oil and gas analyst for fitch solutions. good afternoon to you. the big question in the minds of investors in the immediate term is how long the disruption will go on for and what it will look like. we are hearing this lunchtime that perhaps the saudi company is saying to some of its clients, you could just be a matter of days rather than weeks. the honest answer is we do not have too much clarity on that as of yet. they have been reassuring buyers that they will meet obligations in october. that would suggest they are reasonably confident they can restore at least most of the supply that was taken offline within a matter of weeks, rather than months. they had said they might be able to provide the volume of oil but it comes in different grades, doesn't it? there will be some crude quality issues and buyers might have to look to other markets to replace lost output. in general it seems it will be able to meet the majority of its commi

president trump has authorized the release of oil from the nation's strategic petroleum reserve highlighting the importance of keeping markets well supplied the 2 saudi facilities damaged by fire were attacked on saturday eyewitnesses showed a video on social media of a huge blaze were gunshots can apparently be heard in the background the u.s. claims it was a result of drone strikes with one of the big north from iraq but backed out says there is no possibility its territory was used. who see rebels claimed responsibility for deploying to and to attack that saudi oil processing facility and also a major oil field they say the strikes were in response to the saudi led war in yemen backed by the u.s. washington has also previously charged iran with lending support to the theists how much of a professor of political science the university of tehran believes these latest accusations from the u.s. are most likely baseless. our michael has a very long history of making accusations without providing any actual evidence who deserve already claimed responsibility for these attacks and although the s

look at whiting petroleum. look at oasis, look at chesapeake energy.eavily shorted names, they're up 20, 25, even 30% in today's market it's a little bit esoteric bear with me this is going to be confusing. the energy stock reaction is one part of the story. i don't have a good way to visualize this, but brent crude, the spread between brent crude traded now and in 2020 a year from now is one of the most heavily traded hedge fund contracts. if you were in that contract and if you were levered up to that contract, you are getting i think the correct term is blown out of the water today because it's not just the equity side, guys, that is seeing a second derivative impact. it is all these hedge funds that bet on the spread between here or brent which is absolutely getting crushed. a lot of angles. the reason i'm here is tonight i'm actually going to be sitting on stage with former president and first lady laura bush in a wide ranging interview it's not going to be televised we'll do that, but of course i'm going to ask the former president about this, wh

authorizedrump has the release of oil from the strategic petroleum reserve.at is needed in my department stands ready to respond. mark: an iranian government spokesman says there was no chance for a meeting between president romney and trump -- president rouhani and trump at the u.n. meeting next week. asking boris johnson to make written proposals if he wants to offer his company a way out of the impasse. need written"we proposals. i hear a lot but i do not read a lot." said minister johnson also that he remains optimistic. mr. johnson: yes, everyone can see roughly what could be done, but it would require movement and it will require the system by which the eu can control the u.k. after we leave, the so-called backstop, to go from that treaty. that needs to happen. mark: prime minister johnson's on camera statement was made outside of the embassy and luxembourg after a news conference was canceled because of noisy anti-brexit protesters. a united nations fact-finding mission once myanmar to be held responsible for genocide against its muslim role injure --

plus, elliot management call in for a break up of marathon petroleum. it's one of jim's favorite stocks we'll get his take on the news an how to play it. straight ahead hati rorisacink two minutes. ou two are going to have such a great trip. yeah, have fun! thanks to you, we will. aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement. zblnc >>> phillip mor and altria on the move and kevin burns stepping down as ceo also suspending advertising in the united states. all this as regulators have launched a crackdown on vaping pete, you own altria calls >> we'd seen some unusual activity then the announcement of this maybe potentially teaming up and b obviously now we're seeing that separated out. that stock actually popped nice early and it's been s

implemented for inside venezuela things look different we're going to announce sanctions against petroleum to venezuela associate. in the school have a son of a moment to. get out of that political battle so honestly advocating. the moment the focus of the who story isn't new makes him cold in henry kissinger to tell him that it would not be tolerated in latin america an alternative that konami and social system could take hold and therefore the policy would be to make the chilean economy scream so wants now making the economy of venezuela screed. this weekend and into this week all around the world activists have taken to the streets and massive demonstrations the size and scale we've not seen since the iraq war protests back in 2002 here in washington d.c. on monday protesters took over major street in our section stopping morning traffic an attempt to shut down city commuters but this time it's not an impending war or civil rights violation that has pushed children along with men and women into the streets and protest it's the very future of life on this planet. protesters started gathe

will release its strategic petroleum reserve to stabilize these markets if need be do you see that happening. it very well could this is a bigger mergence see with saudi arabia's output as we've been reporting dropping considerably and this could happen i mean these the reserves are about 650000000 barrels of oil some of the biggest strategic oil reserves anywhere in the world that are here in the u.s. in underground salt caverns in the states of louisiana and texas these are only tapped into an extreme emergency has only been done a handful of times over the years but trump clearly indicating that he is prepared to release some of that oil if need be and that very well could be the case in the coming days depending on how things pan out in saudi arabia and how quickly saudi arabia is able to reap reach regain their oil exports and president tom's already been fairly printed. in the last few hours as well with some strong rhetoric. he has you know he said that he said that saudi arabia's oil supply was attacked and he said that the u.s. was quote locked and loaded to respond depending on who

how much petroleum reserve. barrels are released for the next couple of months we can keep the market supplied we meaning the united states saudi arabia the european petroleum reserves and petroleum reserves in asia beyond that after the production is restored this is a big question mark unless iran is put in its place and there's no doubt in washington that it was the arabian drones and iranian cruise missiles that hit saudi arabia in an unabashed act of aggression unless iran is put in its place they will come back and hit and hit again so is an aggressor that needs to be put back to where he belongs on mr and i are the united states there's no evidence that's been produced by the u.s. or saudi arabia that says that it definitely was iran that was behind the drone strikes and we see that these have claims then let me ask you because now my compare the secretary of state is on his way to riyadh what kind of repercussions are we going to see for the region after the discussions that he's potentially having with

we are the biggest petroleum producer today on the planet.audi arabia and russia and that is helping to fuel the dramatic economic expansion that we have enjoyed under this administration. the democrats would turn all of that back to the 1970s and those old enough to remember those days when people were lining up for blocks to get gasoline, where every meeting of the organization of petroleum exporting countries was a national crisis for ours, those are days we should not be going back to. they are recreating them in california. we shouldn't let those policies destroy the progress we've made here across our country. >> congressman, i couldn't agree more with you. thank you for joining us tonight. i fear we've gotten complacent about energy resources, energy availability, because we have had such a huge boom in fracking and production across not just offshore but onshore, too, surprising every industry analyst i have ever talked to. the issue i think is not the 30% of our reserves today come from offshore, or lie offshore. the question is the

the administration mentioned the strategic petroleum reserve early.t is what comes over the next few days. one, is it iran fingered by the saudis? the other is how long does it take to bring me supplies back in? >> the saudi arabian client has restarted and is processing about half the output lost. the kingdom expects it may take until november to restore full production capacity. >> by the end of september, it will be at capacity. >> you were able to meet shipments to international customers? what's we are able to meet shipments to international customers. >> the overall message is one of reassurance. the goal was to get across to the market, we have suffered. there is some damage. as for customers, we will deliver what was promised. that is one of the things we took away from the minister's press conference. we are going to deliver the full contracted amount. we may not get it from the facility that was affected. we are going to get it from some of the stockpiles we have on hand. we are going to make the customers whole. the market, not too freaked

you have seen congress authorized sales from the strategic petroleum reserve.is an indication of u.s. production value. joe: thank you very much, bloomberg's tina davis. coming up, we speak to the ceo of barrick gold, mark bristow. this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's forced word news. former trump campaign -- bloomberg's first word news. former trump campaign manager corey lewandowski says democrats have been doing petty politics. he testified at what the committee has called the first impeachment hearing. lewandowski says investigations of trump have been, in his words, populated by many trump haters who had their own agenda. >> since election day, whether it was bad actors at the fbi or intelligence immunity, or lies from the majority, the american people continue to be sold a false narrative with the purpose of undermining the legitimacy of the 2016 election results. performanceowski's won immediate praise from donald trump, who tweeted, "such a beautiful performance. thank you, corey." israel's election headed for a deadlock with

he founded mesa petroleum in the 1980 s. and ninety's he made a series of deals including engineering the takeover of oil by chevron which made him $300000000.00. business for. the law. why subscribe to your books your favorite writer. in the strange grown up world. carefully. to. discover. the. documentary. a brand new museum has just been to celebrate the 100th anniversary of the bauhaus movement also coming up. an exhibition of the photographic. test well. the movement was the most influential school of design in the 20th century brought together. and designed with the idea of an integrated approach form follows function it was originally conceived 100 years ago. as an experiment in education but it ended up having a huge influence on modern design even to this day now in this anniversary year a brand new museum has just opened in germany. it's. a bridge between the. spanish. functionality only becomes apparent only.

spike could usher in higher rates consumer prices grew 4.3 percent year on year according to the petroleum based statistics south africa food and utility prices were behind much of the rise inflation fears of lowered trade expectations that the central bank will cut benchmark interest rates on thursday as have been expected. it's about 6 more weeks until the united kingdom is set to leave the european union as means big trouble for some key u.k. trading partners like ireland it's also a cause for concern for certain industries that depend on exports to the u.k. and spain shoemakers are now hoping for the best but expecting the worst. whoever hot footed into this store in madrid probably isn't weighed down by money problems. ok or after a collaborative effort among famous designers cost around $150.00 euros they're pretty popular among european customers as shoes made in spain tend to be. spanish footwear exports the e.u. are worth close to 2000000000 euros last year. but the mean shoe game is about to get meaner. medics if there isn't the rex it presents a scenario of uncertainty fist bani

he started his first oil and gas firm in the 1930s, later to become mesa petroleum, one of the world'spanies, before branching out into hedge funds and wind power. he gave his 2008 book the title: the first billion is the hardest. it is really tough, that first billion. i am struggling to make mine! children should be banned from buying video game extras using real money under measures unveiled by mps today. there are concerns so—called loot boxes encourage gambling with some gamers spending up to £1,000 a year chasing mystery virtual items. three quarters of 5—15 —year—olds play on line games and mps say the company ‘s behind them depend for their profits and keeping those plays include two that screen. they are calling on firms to protect players from the harm caused. there has been a big switch so that a lot of games art freeze play but then you are encouraged to purchase things as you play the game. players can spend real money on virtual goods such as footballers in fifa. 0ne goods such as footballers in fifa. one player said they spent up to £1000 a year. mps want that regulated

ofning me now, the ceo crescent petroleum. good to have you with me.ess the demand side? can you give me your take at the moment in terms of the demand side of the equation? do you see any slowdown from any customers in any way? what ise demand side, most impactful is what happens with global growth and particularly asian growth. the trade war has certainly had an impact and you saw most recently a tweet on a possible deal on the trade war could send even higher than geopolitical events happening with tankers in the gulf a few weeks before that. because the looking demand is from china and india and indonesia, not from d.o.a. on the supply side, what is essential in u.s. shale is investors wanting profitability and not just production growth there. these will be important aspects when you look at the global price rains. -- range. manus: what about spending for you? do you spend time looking at the daily machinations of oil when looking at capital expenditure decisions? in terms of your project rolet -- rollout to bandwidth on oil price? majid: absolute

particularly and their moments of weakness originally made his fortune in oil the company founded petroleum. now let's talk about a mere rock planned one that's touted as something to improve brain function and boost the immune system has been used in chinese medicine for thousands of years and since the 18th century much of the gin saying on asian markets as actually been grown on u.s. soil which makes it you guessed it another commodity caught up in the better us china trade or. the rich soil of marathon county in the u.s. state of wisconsin is perfect for growing the medicinal plant gin same china has been a lucrative market for american gin saying but ginseng is one of the agricultural products subjected to tariffs in the ongoing trade war between washington and beijing the result a 20 percent drop in sales to china farmers fear for their livelihoods they can't react quickly to market changes because juicing takes up to 5 years to grow and harvest up off your present croft from last year. on the market and we have a new crop coming up in about 4 to 6 weeks so it's a has been a hard time

particularly in the moments of weakness it really made his fortune in oil with the company he founded mesa petroleum. majority of welsh farmers to leave the european union now they're getting cold feet they profited from the e.u. . 80 percent of their incomes a british government has promised to continue those payments but there were doubts about that. it was. farmer brian bowen can still count on his trusty sheet dog but everything else has become a lot more uncertain. the big question is who will subsidize welsh farmers after. dr cottle subsidies in the e.u. account for around half of bones revenue he doubts the british government will step in to fill the shortfall after practice that. put an even more burning question is to whom really sell his sheep in the future. great. but the new markets are not going to be as easy to open up as it is to save the ones that we already have in in europe and not something that politicians don't seem to be able to grasp at the agricultural industry needs to hold on to the markets that we've already got before we look at expanding into other areas which are cannot

chinese officials attended the groundbreaking ceremony at the eye the dim oil field china's national petroleum corporation announced last month it had signed a contract with the government of being. that's your business update thanks for watching. take. a few people in stories. so special are you ready. to. hello and welcome to arts and culture we have more on the international literature festival here in berlin and my guest is andre author of call me by your name also coming up we take a look at a new exhibition by british sculptor antony gormley who says he wants to transport visitors to the threshold between the known and the. all this week we've been reporting on the international literature festival in berlin writers from around the world are here to give readings whole discussion panels workshops and generally meet and greet their fellow walthers and of course their fans the writer and i asked him and will be with me in a minute but 1st more about the festival. celebration literature the international literature festival is happening now in the german capital you can not only listen to t

last year on their petroleum sorting out you know. you have that. thing. i suppose when you. get a sale. dealing with this. local the way to his even willing to put it on the ballot. but up and if you. will include the old. so you know. the democrats want to recapture the white house in a bad way their hatred of trump with the help of the liberal mainstream media as witness presidential candidates say some of the most extraordinary things but there is nothing extraordinary about their hatred of the president the question is do they have ideas to win. but if she warn you and i do the dishes at the bottom or those jeans near the speech and you see me. true she. does and. when you guys e.t.s. . in the news i mean that so that in fact involved. a lot of you will see sawing during fuzzy fights about 2 kids each other both. of these. cabinet photo days going to. be a thing people who simply. put themselves on the line they get accepted or rejected. so when you want to be president and she. wanted. to go to the press this is what before 3 in the morning can't be good. i'm interested

the heart of its energy industry president has authorized to the release of oil from the strategic petroleum reserve to keep the markets well supplied yemen's heathy rebels say they carried out the assaults but the u.s. is blaming iran tehran says it's not responsible i spoke to who is the founder and c.e.o. of energy group analysis group vanda insights in singapore where the exchange has just opened she says the lack of information being released by saudi arabia is making the market even more volatile. clearly this is a big supply shock for the markets we're looking at close to 6 percent of the global supply that has been shut down after the saudis have said that they hope to restore at least a 3rd of close to about 2000000 barrels a day of production today but again you know that's not an official statement and i think the market is going to be quite a bit of a wait and watch mort and of course there's going to be a lot of nervousness and i expect plenty of volatility in trading as well we've had major disruptions outages is supply loss from iran from venezuela you know what the market whe

or oil field china's national petroleum corporation announced last month that had signed a contract with the government of any. way as unveiled its 1st new smartphone since the us added it to a trade blacklist the chinese company has been showing off the made 30 and made 30 pro other launch event in munich germany because of restrictions on u.s. companies working with weiwei the new smartphones are not expected to have any google apps analysts say that could put many potential customers off new features of the make that includes a 4 lens camera. modo the studio by mark tidd since he's a tech expert based here believe mike how do you see the chances for this kind of smartphone on the market without access to popular about cycle and it's not clear what the end version is on that phone is it not going to be very clear which i'm very versed in the using i think the real question here is the possible to play the monopole view of google and is not really about politics here is about users because not on the google services and how to use different google products and we're talking about 250 or

worth of natural gas and more than 250 years worth of clean beautiful coal we are a top producer of petroleum and the number one producer of natural gas we have so much more than we have thought possible we are really in the driving seat. but critics like the organization oil change international warned that the fracking boom in the u.s. leads to an enormous c o 2 emissions and the chemicals in the pressurized liquid are harmful to the environment. and i'm joined now by hike a book tour she's a financial journalist in new york and author of a new book on the u.s. oil economy hi thank you for joining us there is a debate over fracking in the u.s. but it's not really about the carbon footprints is it no not really this is more on a local level where environmental issues have been debated for some time but the bigger picture issues like climate change and c o 2 emissions are not so much yeah causing controversy here in the u.s. . you writes in your book that the current us administration is in acting changes in u.s. energy policy and encouraging the growth in fossil fuel production making change

a senior petroleum analyst at a likelyy says prices are to climb $.10 per gallon if aramco can returnone or two weeks. if repairs take longer, prices could jump $.25 per gallon. iran is taking a step to ease the tensions in the region. teran says within days, it will release a british flag tanker that has been detained for two months. the ship was held after the british seized the ship carrying iranian oil. a special united nations back finding mission wants myanmar to be held responsible for alleged genocide against its muslim minority, that follows two years of documentation of human rights violations by security forces. the group says myanmar security forces killed thousands and caused more than 7

podium over to stephen for this purpose we're going to announce sanctions against petroleum to venezuela associate the name were paid if they says it's known by its spanish acronym the state oil monopoly we're looking at the oil assets that's the single most important income stream to the government of venezuela it will make a big difference to the united states economically if we could have. american oil companies invest in and produce the oil capabilities in venezuela. and i reached the source of the absurdity in venezuela's economy. then when i tried to exchange the dollars i had with me. as well as the official exchange rate for the. black market right. merchants and find the prevailing black market exchange rate from a facebook page. now things have changed they can find it on instagram. the administrator is. going to look. maybe an opponent of the regime in the usa some say well maybe. one thing was certain by controlling the exchange rate anyone could citizens against their government. they. saw. 2 opposing sides of fame trying to explain the crisis in venezuela. the government su