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CCTV Script 30/03/15

— This is the script of CNBC's news report for China's CCTV on March 30, Monday.

Welcome to CNBC Business Daily, I'm Qian Chen.

Talks over Iran's nuclear program between Iran and the P-6-the five permanent members of the United Nations Security Council plus Germany continue to weigh on the oil market.

By Tuesday, once a deal is reached, it could add oil to an already oversupplied market if sanctions against Tehran are lifted.

According to Shipbroker E.A. Gibson, the amount of Iranian oil stored on tankers is rising. More than 30 million barrels, this is the most - aside from September - that has been held offshore since August 2013.

Iran holds nearly 10 percent of the global crude oil reserves, however, currently it is exporting just over half its 2011 levels, before sanctions were introduced by the West.

Analysts say, this will heap more pressure on OPEC producers, which have already been struggling with low oil prices.

[Warren Gilman, chairman & CEO, CEF Holdings] "Clearly the price of oil has not fallen enough, fallen enough to cause that fall to occur, add on to that, the potencial 24 to 48 hours with a deal with Iran, which we will see new supplies coming on to the world market. If that is to occur, that would be immediate stimulus for drop in the price down to the 40 dollar range to WTI."

But some other experts believe geopolitical concerns among investors will support the oil rebounding, especially IF there's no deal reached from the Iran nuclear talks.

Officials of Yemen's embattled government have expressed confidence that a Saudi-backed offensive would suppress rebels who have torn the country apart, but outside experts are less sure that the Saudis will bring things under control anytime soon.

We talked about the importance of Yemen's geographic location earlier.

And Investors are still worried about whether the safety of oil shipments in the region will be affected by Yemen's situation.

Here's what Jonathan Barratt, Chief Investment Offier from Ayers Alliance Securities has to say.

[JONATHAN BARRATT, Ayers Alliance Securities CIO] "I think people are going to start to think, they are gonna price some geopolitical risk in, and I think that's going to support price. So let's say, what obviously happening in Iran at the moment with the nucelar, let's say what's happening in Yemen, and I think any deep will be well supported, as people value the geopolitical concern."

Oil prices might face some volatilities this week, with investors waiting for Iran nuclear talks' outcome.

CNBC's Qian Chen, reporting from Singapore.

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(PKG)

Tania Bryer, CNBC

We talk to Tennis Super Star Maria Sharapova about her business ventures, philanthropic missions, growing up on the court, and what it takes to be one of the world's most powerful Sports Superstars.

Sharapova lived in Russia until she was 7 before emigrating to the United States. Despite her lengthy stay state-side she told me she has no plans to give up her Russian citizenship.

Here she gives me her take on the ongoing tensions between Russia and the West.

[Maria Sharapova, Tennis Super Star] "knowing that I came from a country that's going through a very tough time right now and it's not in the best relations with many parts of the world, of course it makes me very sad. But I don't get involved in it too much because for me being an athlete, I get to represent a country that I'm very close to and that I spent so many years of my childhood in and that deep down inside makes me very happy."

Tania Bryer, CNBC

Sharapova has a reputation of being aloof on the tennis tournament circuit. In fact, when she won the French open she was quoted as saying she wasn't there to make friends. I had to ask her if she still felt the same way.

[Maria Sharapova, Tennis Super Star] "I don't feel that just because I'm a tennis player and you know I'm going out there to play against them we need to be going to dinner the night before a match. I think that's (laughs), that's always a little strange to think that Oh we're going to go for a drink and socialise but then tomorrow I'll be facing them at the French Open Final. I'm just not really sure how that works (laughs)"

Tania Bryer, CNBC

Of course Maria's biggest rival is Serena Willams. Much has been written about their relationship, so I couldn't resist asking Maria how she really feels about the world's number one women's player.

[Maria Sharapova, Tennis Super Star] "I feel like we're still driven and hungry to be the best tennis players in the world and I think looking back to that time y'know, I don't think anyone in the tennis world, or in the world really, believed that in ten years we would still be rivals and we'd still be competing against each other. And I think that's, it's an incredible story."

Tania Bryer, CNBC

I also talk to Maria about her philanthropic missions, including her role in United Nations goodwill ambassador, her 2008 shoulder injury, and her highly successful, yet controversial business venture Sugarpova ...for now though, it's back to you.

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