New ties, same old struggles
Arabia Monitor Monthly
The gloomy demand outlook is clouding chances of a strong oil market recovery this year, a bleak outlook backed up by OPEC+ members recently warning that demand was returning to the market slower than initially expected, and that a resurgence of COVID-19 infection cases could delay the rebound into 2021. Our monthly paper analyses the latest developments in the MENA region, notably:
- The possibility that Saudi Arabia reconsiders its oil policy and lapses back into efforts to regain market share.
- The implications of the UAE and Israel peace deal on the geopolitics of the region.
- The exacerbating economic crisis in Lebanon, made worse after the ammonium nitrate explosion that levelled parts of Beirut.