The OPEC and non-OPEC Ministerial Meeting will be held via videoconference.
- Thursday April 1
- As usual, the of the Joint Ministerial Monitoring Committee (JMMC) will take p[lace the day before
Last meeting saw production held steady despite some expectations it’d be boosted. This time around another rollover of existing output cuts is expected.
Oil eyes are on the Suez Canal this week:
From the World Bank’s latest East Asia and Pacific Economic Update.
China’s economy will expand by 8.1% in 2021
- compared with 2.3% the previous year
7.4% region-wide expansion
- from 1.2 per cent in 2020
Excluding China growth will be 4.4% in East Asia and the Pacific
- 3.7% contraction the year before
“COVID-19 is proving hard to suppress even a year after the first case was confirmed in Wuhan”
economic growth for individual nations “will depend on containing the novel coronavirus; their ability to take advantage of a revival of international trade; and the capacity of governments to provide fiscal and monetary support”.