and coming up, mark edwards will be joining us.is next on "bloomberg: commodities edge." ♪ ♪ alix: i am alix steel, this is "bloomberg: commodities edge." time now for the be enough brief, which gives an in-depth analysis on clean energy and emerging technologies. the u.s. could export 65.4 million tons of natural gas per year by the end of 2020 and china could be the buyer. the problem is how it gets there. a new report shows that the next year, the panama canal will not be able to handle all of the supply coming online. anna, what did you find when you did the study? >> currently about half of u.s. exports are going to asia, and the majority of those are going through the panama canal. add in the u.s. exports going to the west coast of mexico and chile, and that means every couple of days one ship is going through the panama canal. the panama canal has a limit on how many ships can go through with lng per day. the u.s. is expected to double export capacity by next year. any lng from the atlantic can go through the pacific basin.

mark edwards, the ceo of offshore investing ahead of the bottom and rig rates. i sit down with him to see where he has pricing power. ♪ alix: i am alix steel, welcome to "bloomberg: commodities edge." it is 30 minutes focused on the companies, physical assets and trading behind the hottest commodities, with the smartest voices in the business. first, spot on. our take on the big story. joining me is the cofounder of energy aspects. and our spotlight is on oil prices, trading at a four month high. the news is that opec pushed back a decision to extend production cuts until june. >> in consideration that market fundamentals are unlikely to materially change in the next two months, the jmmc decided to forgo the full ministerial meeting in april, and schedule a meeting in may ahead of the opec conference meeting on the 25th of june. alix: was that the right call? richard: i think opec is buying itself a few more months to see how the data comes in. fundamentals have not done nearly as badly as expected in the first quarter. they also just don't know what is going to

for me, mark edwards, and the rest of the sport team, that's your monday sport briefing. brexit will impact different parts of the uk. this week she's in london — and she's been taking a look at the tech sector, which is growing almost three times faster than the rest of the uk's economy. but, it's reliant on easy access to investment and to highly skilled workers. so, how could brexit affect it? here's geeta's report. in these politically divisive times, a hard hat might seem a good idea... there's green! it's gone green. this company uses artificial intelligence to sell, among other things, health and safety solutions commercially. they fear brexit will deter their highly skilled workforce. well, we're a world—leading business, and we're a world—leading business, and we rely on the top talent in the world to continue to drive that business forward. we can't do that from the uk — there's simply not enough people with the skills that we need. bell, we'vejust popped enough people with the skills that we need. bell, we've just popped out to the cafe to find out what the sta

mark edwards, ceo of diamond offshore investing ahead of the bottom and rig rates.n with him to see where he has pricing power. ♪ alix: i am alix steel, welcome to "bloomberg: commodit

, sharks taking on the ducks, san jose had to come back three times in this game, down three to mark edwardg a shot but justin braun, right there johnny on the spot tied the game at three each. overtime lasted only 38 seconds. anaheim's silver with the past, ducks beat sharks 4-3. the sharks have all of a sudden lost five straight games, and in danger of losing home ice advantage. i don't know why that gives me pleasure to end the sports cast on this, but the lakers officially eliminated from the playoffs. that is the latest, i'm dennis, i will see you after ncaa coverage on cbs tonight. have a great day. >>> a sneak preview of what is to come with this year's outside lens lineup. >> just a taste, but it is big. that's right, paul simon will close the three-day festival on sunday night. the organizers are breaking with tradition, and keeping the performers a secret until the entire lineup is released. but, this might have just been too big to keep under wraps, because simon just announced that he is retiring from touring. but, he says he will do this show. he is donating the proceeds to a l

i recently shut down with the ceo mark edwards and began by asking about market competition.ed deepwater is profitable at an oil price of at least $50 and below. some of suggested it could be $40 and below. that is comparable or competitive with their alternatives. in the long run, the deep water projects compete effectively from a full lifecycle perspective with onshore. in a lot of cases, can compete more effectively. we are in the money as a deepwater driller at $40 or $50. alix: is echoing to be on average across the board or this one particular area? marc: that is a good question. there is a particularly large deepwater player out of europe who is suggesting their entire portfolio of deepwater gets them the right return at $40. alix: wow. total, are allp, suggesting there in that range. deep water is very profitable at today's prices. we have is them timing of the cash flows. these are long-term projects. alix: what will be the next generation technology that will make drilling faster? marc: one thing i tell our employees is we are not a drilling company, we are a manufa

edwards. and this is sport today live from the bbc sport centre. coming up on our programme, the prodigal son returns — afterjust 10 months away, zinedine zidane is back at real madrid. al—zawra'a markraq with a 5—0 victory. and stand by to see eight of the world's best and most adventurous windsurfers brave some tough conditions. hello, and thanks for joining us on sport today. it's a familiar face in an unfamiliar situation — zinedine zidane has returned to real madrid just over ten months after leading them to a third champions leagues in a row. he's back at a club in disarray, the spanish giants dumped out of the champions league after being thrashed at home by ajax and out of the running in la liga. patrick gearey reports on what has been a tumultuous period for los blancos. meet the new boss, same as the old boss. less than ten months after he said he did all he could, zinedine zidane has returned. i am very happy to be back. what i want is to get to

edward's life appliances. the dow lower. more markets next. stay tuned. this is bloomberg. ♪ mark crumpton was bloomberg first word news. a gunman killed three purple language of five others on a tram in a central dutch city of utrecht this morning. officials are calling it a terrorist attack. a manhunt is underway for a suspect described as a 37-year-old man born in turkey. authorities have raise the terror alert in the area to the maximum level and stepped up security at key buildings across the netherlands. france's prime minister is banning so-called yellow vests the champs elysees avenue, and to other french cities falling riots saturday that lets stores ransacked and burned from arson fires. the prime minister announced the new security measures today in cities where repeated violence has occurred since the protest movement began in november. demonstrators demands range from lower taxes to better public services. he says the police chief in paris is being replaced. flash floods and mudslides triggered by downpours have torn through mountainside villages in indonesia, killing

edwards. spotify's ceo meantime laid out his argument in his speech in berlin and spoke to bloomberg news to talk about this brewing spotify-apple showdown. markns us from los angeles. way out the argument here. he says whatever apple is doing has had a big impact on spotify's business. how so? mark: he is referring to a few very specific things. , the 30% cut,iew which apple has been doing across all applications with subscriptions built through the itunes and app store, he referred to apple not making it easy for spotify to be a true competitor on products . the spotify application is fully functional. it can take all the apis. it is very similar. on the apple watch, it is not an equal streaming equivalent. you cannot stream spotify over the cellular networks if you have a cellular apple watch. it does not run as effectively in the background. the homepod is exclusive to apple music unless you will airplane music streaming it from the iphone to the homepod. it works with air plate but does not work through siri so you cannot use the homepod as a standalone spotify device. so what the spotify ceo is saying is apple music and its competitors c

edwards does not >> shannon: we know they were digging around much earlier. bank fraud, all kinds of things they were looking back in 2017. here is what congressman markws, one of the most outspoken conservatives on capitol hill said, "michael, and lied about seeking a pardon from president trump. he lied about wanting to work in president trump's administration, and both times, he lied under oath." does that make him and if effete general witness? he could be discredited? >> he could be discredited. i have no reason to believe that anything michael cohen says will be relied upon and any ultimate prosecution of anybody else in the president's inner circle up to and including the president himself. documents don't lie. that's been a critical part. you read these hundreds of pages that were released today from the justice department, it is -- they've got the emails, the icloud account, they've got the phone logs, they've got everything office phones when they rated it in april of 2018. they've got the recording devices. they don't need michael cohen's testimony for anything to go after anybody else unless they can corroborate that with someone else's te

mark gilbert. we have to ask ourselves why he is commenting on the dollar. he wants it weaker. matt: welcome to bloomberg markets, this is the european open. i'm matt miller in berlin, alongside anna edwardst's have a look. half an hour into the trading day, where we are. 476 stocks on the stoxx 600 heading higher. propelled by optimism on what can be done on the trade story between the u.s. and china. the publishing business is on the upside. the story is sitting out that stake in euromoney and it has been well received by investors. bank is set to drop out of the stoxx 600 shortly, but up by 4.7%. an interesting story. in the banking business is expected to support the company. interesting stories developing on the downside, although the broad move is to the upside. down thisanies are morning. the numbers looks to be in line, but they are planning to slow growth in 2019. goes down. presented to the growth business in the united states by amazon. that is the top story. we also saw another company moving down, the french retailer business is lower. let's get a bloomberg first word update. via: the ceo arrested in canada claims are constitutional rights were breached. china has accused can

mark in the middle east with a $3 billion purchase of rival korean. it is a ride-hailing giant's biggest deal ever. welcome to bluebird markets. this is the european market open. on anna edwardsstminster. we are keeping tabs on the u.k. politics story. european equity markets are drifting downward in the early part of the trading day. let's recap what has happened to brexit over the last 24 hours. we saw parliament voting to take back control of the process over the next couple days. certainly tomorrow we will see this indicative vote process taking place, we don't know the details but mps will be asked to vote for their favorite brexit option, perhaps to rank them, and the idea is that then the house gets some kind of sense of which type of brexit they could get behind. this is all the brainchild of a cross party group of mps. former tory minister said parliament needs to allow itself a couple days to do what should have been done over a couple years. there's a lot to do over the next couple days or so. will this mean that indicative vote shows us the way forward, or will this process be used to try to whip the the r.g. into line between the theresa may deal? it could come b

edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. ♪ ashley: climate depot founder marker greenpeace founder because of his comments. >> patrick moore went on fox news. made comments. president trump tweeted it. within a day google erases patrick moore's role as cofounder of greenpeace. greenpeace was lobbying for many years, saying he is not one of our founders. google took that moment, once president trump elevated. founders of greenpeace, patrick's face disappears, his bio disappears, a previously a few days before president trump's tweet it existed. ♪ stuart: all right. it is pretty slow-go day today. we're down 80 points on the dow. the big change may come this afternoon when we hear from the federal reserve about 2:30 eastern time. >>> the rise of socialism in this country has some chinese-americans worried. joining us now, gordon chang. gordon, what's the problem? >> the problem is people escaped socialism in an extreme form in china by the way is getting even more extreme. they come to the united states. they want america to be america as one recent immigrant sai