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US oil prices turn negative

For the first time in history, producers are paying buyers to take oil off their hands.

For the first time in history, producers are paying buyers to take oil off their hands, as fears mount over storage capacity after demand has fallen dramatically. Ellen Wald is the president of Transversal Consulting and explains what's happening.
We look at how the Coronavirus pandemic is affecting Pakistan. The country has only 8,500 confirmed cases, and is now relaxing its lockdown measures by opening mosques for Ramadan. And we get the latest from our correspondent in neighbouring India, which has also started easing some restrictions.
The MSC Magnifica has finally docked in Marseille, allowing its 1,760 passengers onto dry land for the first time since 10th March. Our France correspondent Hugh Schofield details the ship's longer than expected journey.

Presenter Sasha Twining is joined throughout the programme by Mehmel Sarfraz in Lahore, co-founder of The Current PK and journalist for The Hindu, and by Peter Morici, economist at the University of Maryland, who's in Washington.

(Picture: An oil refinery. Picture credit: Getty Images)

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53 minutes

Last on

Tue 21 Apr 2020 00:06GMT

Broadcast

  • Tue 21 Apr 2020 00:06GMT

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