Name: From The Beaches Of Florida To The Ancient World | April 22, 2020
Uploaded: 2020-04-23T04:00:52.000Z
Duration: 10 min 1 s
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In today's edition of CNN, 10 starts with the report about Foyle, a k a.

At least that's what it's been called in the past.

Currently, demand for it and the price of it have fallen to the basement.

Lower oil prices can translate to lower gasoline prices, and those were being seen around the United States and beyond.

The crude oil is known as the mother of all commodities because it's used in so many other products, from plastic to petroleum to paint.

And it's necessary for the machines that help make those products rising.

Crude oil prices mean that global demand is increasing and that can indicate the global economy is growing.

But the price of oil, which is sold by the barrel, has fallen dramatically because of the Corona virus pandemic.

And it made headlines in history this week because at one point, U.

On Monday afternoon, oil was at minus $37.63 per barrel.

What this meant was that there was so much supply in the oil market that the world was running out of places to store it, and oil producers were essentially paying people to take their oil barrels.

It's the first time that's happened since oil futures started trading in the U.

Crude prices did turn positive again yesterday that they were still incredibly low.

No one knows how long they'll stay so low, and that's a concern, especially for American oil companies, because they can't make money.

Industry analysts say several 100 oil companies will file for bankruptcy by the end of next year if prices don't climb back up.

S that export huge amounts of crude oil has agreed to reduce their production of it to try to stabilize prices.

2020 has not been a good year for the oil industry because of the global Corona virus pandemic commerce is at a standstill, billions of commuters air staying home and airlines are essentially paralyzed.

Before the outbreak, the world was consuming around 100 million barrels.

That demand will drop by 12 million barrels a day in the first quarter of 2020 put that into perspective during the 2008 financial crisis to man drop close to five million barrels a day.

If that weren't enough, a price war between Russia and Saudi Arabia hurt the oil market even further as demand dropped due to the virus.

The 13 member states of OPEC, which account for almost 80% of global oil reserves, agreed to cut production to keep prices statement.

Russian out, part of a broader alliance called OPEC Plus initially refused to cut production deeper and for longer.

Saudi Arabia reacted by ramping up its output, kicking off a price.

World oil prices plummeted and trying down global stock markets with him in April after Donald Trump intervened, Russian and Saudi Arabia called off their brutal price to reduce the mushrooming global oil surplus.

OPEC class agreed to cut production by over two billion barrels until the end of 2020 remains to be seen.

Whether the decision is too little, too late.

None of this is good for American oil producers.

S oil market has boomed, taking advantage of production curves by OPEC plus in 2019 the U.

Became the top producer of oil, attracting nearly 13 million barrels a day after a huge Sheldon.

Dozens of small and midsize U S oil companies are now facing bankruptcy.

World comes back online after the Corona virus demand is likely to surge, causing further volatility.

I just don't know when or how strong the recovery will be, huh?

Which of these animals has the longest gestation period?

Baby sea turtles hatch from their eggs after about 60 days, giving them the longest gestation period on this list.

The next destination in our series on virtual vacations is a city whose name means the victorious.

Cairo, the capital of Egypt, is home to almost 21 million people.

It's also near the Great Pyramid, the only one of the ancient world.

But we're staying inside the Capitol today for a walking tour that helps us and the photographers who join in get a clear picture of the ancient city.

Kyra listed on the banks of the Nile for over 2000 years, imposing magnificent this sprawling home to around 20 million people, is a hive of activity for local architect photographer Karim El Hae won.

There's beauty in these alleyways, and with every walk, City reveals unexpected treasures.

I'm very, very passionate about photography, Cairo and all the layers that you have to unveil gradually in itself.

This is a journey for a local like me living here.

This is photographers or artist's haven in in terms of understanding on observed It's Saturday and Kareem is on his way to lead a group of intrepid photographers on a journey through downtown Cairo.

I started exploring the streets every Saturday as some sort of practice, and then some friends started joining and it reached out to an international crowd.

We created a hashtag on instagram on dhe.

Everyone started pulling in their photographs, connecting through social media.

A growing number of locals and tourists now join Kareem on his walks.

There are memories of Cairo's rich passed on every corner to the untrained eye.

This is Justin abandoned family home dating back to the 18 hundreds.

To Kareem and his friends, it's intricate and ornate wooden facade artwork that makes an interesting picture because of the amount of perspectives, they are basically endless.

The detail Karim's Cairo Saturday walks delve into the lives of every day, Egyptians finding beauty in the mundane.

You get to see the city in the whole new lights.

You get to pause, you get thio, go to different areas of the city that you normally wouldn't go, too.

So it's a whole different experience than you what you would get in your day to day.

Living in Cairo, an emergency room doctor named Jason Barnes has this sweet tree house in his backyard in Texas, so he moved into it.

His wife suggested this, but it's not because she's mad at him.

They're concerned about his family's potential exposure to Cove in 19.

The doctor's new digs has air conditioning Abed, a cooler with a jar of pickles if he gets hungry and it allows him to keep his family safe while still staying close to home.

It might not be built on rock, but it's a strong is oak, and you can't sway him from it.

Now, some people say tree houses or further birds, but those who dogs are barking up the wrong tree.

If he puts down roots there, gets all sappy about it.

Blame our viewers like those at Mount Vernon High School in Mount Vernon, Indiana, for putting up with them.

 You guys are awesome, by the way, for doing that, I'm Carla Zeus for seasoning. 