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04/21/2020
Saudi Arabia contributes greatly to the collapse of oil prices by declaring a war in oil prices and dumping the market with a large amount of oil !!

Saudi Arabia contributes greatly to the collapse of oil prices by declaring a war in oil prices and dumping the market with a large amount of oil !!

A source in OPEC said that some of the organization’s ministers are considering implementing immediate cuts in oil production instead of waiting until next May. Reuters clarified that the ministers held a meeting over the phone to discuss developments in the oil market and that Saudi Arabia, the UAE and Kuwait would not participate in it.
Saudi Arabia also announced its willingness to take additional measures to stabilize the oil markets in partnership with OPEC Plus members and other producers.

in the United States :
The prices of Texas crude contracts for the coming month of May witnessed fluctuation during trading, as they fell to below zero and then rose to about five dollars per barrel. As for the contracts of Texas for the month of June, they fell to the lowest level in more than two decades, while Brent crude contracts for "June delivery" fell to the lowest level in a year 2001 and it fell to less than twenty dollars, and the reasons for the decline in oil prices are the large increase in supply and the collapse of global demand.

In Saudi Arabia:
The share price of Saudi Aramco also decreased by 2% with the continued sharp decline in oil prices, the company's share price fell to 29 Saudi riyals, and Aramco's share has lost about 16% of its value since the beginning of this year, and it is still below the subscription price of 32 Saudi riyals.
Returning to the United States:
US President Donald Trump has vowed not to let his country's oil and gas sector down and said in a tweet on Twitter that he has instructed the energy and treasury ministers to prepare a plan to provide funding to secure these very important companies and jobs for a long time to come.

And our correspondent in the United States stated that "it was not clear the details of President Trump's plan to contain this crisis, and our reporter stated that President Trump surprised the US Treasury Ministers and the Energy Secretary with this surprising decision and these tweets on Twitter as well, and according to people close to President Trump, he did not He is consulting with anyone, and the problem now is that the funding for the American administration, the federal government, whether the Congress or the American administration, are all now focusing on financing the deficit that the Corona epidemic produced in terms of closing companies, in terms of Americans ’harm, and a $ 2 trillion package to save Americans and polytheism. Small and medium-sized American companies, and now this decision comes from Trump in a tweet on Twitter pledging not to let down the oil and gas sector and that he sent these orders to the two ministers, also there is information that talks about the possibility of not implementing this decision financially because of what we mentioned about monitoring Most of the state funds to combat the outbreak of corona virus, the manufacture of respirators, and the manufacture of protective materials against the virus.

Also, our correspondent stated that there are many calls from the Republican Party and members of the US Senate representing the republican states that are most affected by the Kingdom of Saudi Arabia flooding the market with oil, causing this damage to American companies, such as the Republican Senator "Kevin Kramar" Kevin Kramar is a senator who represents the state " North Dakota "And this state is known that its economy depends on shale oil production and it is a very costly process, so these losses are hurting Americans a lot and from here comes angry stances towards Saudi Arabia. Senator Kevin Kramar asked President Trump not to empty the tankers Recursion of oil cargo upon its arrival to US ports and President Trump is considering this request.

And we go to Russia a little bit where:
Kremlin spokesman Dmitry Peskov said that Moscow called for not to look at the collapse of US oil futures prices for May, as if it were the end of the world, and Peskov added that the collapse of May futures prices did not push the value of oil prices to the negative level, noting that The matter should not cause panic.
He stressed that Russia will hold contacts within the framework of the OPEC Plus agreement if necessary.

Our vision for the oil crisis:
Saudi Arabia has a significant contribution to the collapse of oil prices by declaring a war in oil prices and flooding the market with a large amount of oil, and that the OPEC agreement will not have a rapid impact on the market in the short or medium term.
Unfortunately, Saudi Arabia declared a price war and because of the price war and dumping the market with large quantities of oil. And we do not believe that the OPEC meeting to reduce production 9 million barrels will have a rapid impact, because now the oil-consuming countries store large quantities at an inexpensive price and Even if prices rise, the oil-consuming countries will not buy, as countries will consume the oil that was stored.
These oil stocks will be the reason for the oil market imbalance in the coming days.

What is the reason for ISIS's interest in historical monuments?Archaeologists find treasure trove of Assyrian kings disc...
04/20/2020

What is the reason for ISIS's interest in historical monuments?
Archaeologists find treasure trove of Assyrian kings discovered in ISIS excavated tunnels!!

The previously unknown palace of the Assyrian kings was discovered when the terrorist group blew up the tomb of the prophet Jonah for ideological reasons. Archaeologists spent two months exploring the tunnels dug by ISIS under the destroyed tomb. The tunnels were found to lead to the military palace founded by Assyrian King Sennacherib in the 7th century BC.
Professor Peter Miglus, the archaeologist who has led work at the site, said that gold kept by Sennacherib may have been discovered by ISIS.

He said: “We can presume many very valuable objects must now be on the black market."

The archaeologists found gold objects littered within the tunnels that were discarded by ISIS.

Gold from ancient Egypt, such as a gold scarab ring and a small sceptre with the ankh, the pharaonic symbol that represents life are still at the site.
Professor Miglus maintains the fact Isis overlooked these objects suggests it seized and sold many more.

The archaeologists also uncovered two panels that, unusually, show women facing outwards, and carrying plants.

Nearly all Assyrian reliefs are of men, in profile.

Professor Miglus, of Heidelberg University, said the excavations carried out by Isis had identified the palace throne room, the largest of any in the palaces.
He acknowledged the irony that this work was possible only because of Isis’s attempts to destroy history.

He said: “It makes me unhappy to say that this work makes me happy."

Sales of looted antiquities were the second-biggest source of income for the jihadists, after oil smuggling.

Attempts to excavate the site in the 19th and 20th centuries were curtailed for fear of disturbing the shrine and offending local people.
Modern-day Mosul stands on the ruins of the city of Nineveh.

Nineveh was an ancient Assyrian city of Upper Mesopotamia, located on the outskirts of Mosul in modern-day northern Iraq.

Until the year of its sacking in 612 BC, it was the largest city in the world.

By :BRIAN MCGLEENON

AXJ 2020 GLOBAL NEWS NETWORK EXPANDS TO AFRICA. JOIN US!
04/20/2020

AXJ 2020 GLOBAL NEWS NETWORK EXPANDS TO AFRICA. JOIN US!

AXJ.2020 & AXJ.NEWS WISH ALL ITS MEMBERS WORLD WIDE A HAPPY 2020!
12/28/2019

AXJ.2020 & AXJ.NEWS WISH ALL ITS MEMBERS WORLD WIDE A HAPPY 2020!

AXJ UK
12/24/2019
AXJ UK

AXJ UK

Since two brand new Boeing 737 MAX airliners nose-dived and crashed killing 346 people altogether, in respectively #Indonesia in October 2018, and #Ethiopia in March 2019, Boeing has cloaked in secrecy its so far failed attempts to rectify the defects with the aircraft.

Consequently, outgoing CEO Dennis Muilenburg should indeed be held accountable for the 346 people who have died, Boeing's $8 billion USD in losses sustained because of the issues with the 737 MAX, the fortunes lost by the affected airlines throughout the world, whose 737 MAX's have been grounded by the FAA and other world air regulators since March, and the impending closure of Boeing's flagship plant in Washington State.

Now with new management, Boeing must increase the number and improve the effectiveness of the current two airspeed detectors, which sent false data to the crashed aircraft's automated flight systems. The software itself must also be improved, especially so that the pilots can easily take manual control of the aircraft in an emergency. At the same time, Boeing's new promise to keep open and transparent protocol with the US FAA and other regulators, and the airlines and the press about the progress is most laudable.

Boeing should never have cut corners to maximise profits from the manufacture of the 737 MAX, and any other of its products, for that matter. Hopefully, this management error will not be repeated.

#Sky news #BBC Breakfast #AXJUKnews action for justice

https://news.sky.com/story/boeing-boss-should-have-stepped-down-months-ago-11894311

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