Edris Alrafi, Head of Middle East & Africa for Aberdeen Standard Investments (ASI) shares his views on the IMF report
vaccine
Oil rises on projected US crude draws and vaccine confidence
Oil prices continue their phenomenal rally on projections that US storage levels fell last week and on confidence that vaccine production and distribution will accelerate
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DP World and UNICEF announce global partnership to support COVID-19 vaccination
The new multi-million-dollar partnership is the largest established to date to support UNICEF’s leading role in procuring and supplying two billion doses of COVID-19 vaccines and auxiliary vaccination supplies
Oil up on expected stock draws and US stimulus, but eyes locked on China
Oil prices rise on expectations for another week of crude draws, hopes for a quick stimulus relief in the US, but China’s second Covid-19 wave possibility remains a wild card
As 2021 will bring the largest crude deficits in years, a window of opportunity opens for producers
Although crude and condensate supply will still exceed demand in the first quarter of 2021, Rystad Energy expects that vaccination campaigns will help bring a rapid recovery going forward
Oil back to gains on Covid-19 vaccine confidence
Rystad Energy’s daily market comment from Oil Markets Analyst Louise Dickson
Oil rises on more vaccination campaigns defying storage concerns
Rystad Energy’s daily market comment from Head of Oil Markets Bjornar Tonhaugen