The ministers of OPEC+, an alliance of the OPEC countries, and 10 friendly nations under the leadership of Russia met virtually on Thursday. The ministers decided to release an incremental supply of around 2 million barrels per day (bpd) on the market between May and July.

Tuesday and Wednesday saw the much-anticipated Congressional testimony of US Federal Reserve chair Jerome Powell and Secretary of the Treasury Janet Yellen.

Resilient, dependable and forward-looking is what comes to mind when looking at Saudi Aramco’s full year results for 2020.

The world’s largest oil company, and its second largest company by market cap after Apple, emerged well from what was the industry’s most challenging year.

Oil prices have been on fire since the fall, with Brent appreciating by more than 70 percent since November. January and February saw the biggest rally during the first two calendar months of any year in the history of the commodity.

Wednesday’s meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+, an alliance of OPEC members and 10 other friendly oil-producing nations, was unusually short and unusually sweet.

At their virtual summit last year, G20 leaders promoted global cooperation in fighting the coronavirus, with particular emphasis on how Gavi, the Vaccine Alliance, would support poorer countries in gaining access to vaccines. 

The second day of the Future Investment Initiative (FII) investigated what the post-COVID -19 economic future might look like, and presented some bold visions.