Situation Reports

FLASH:IEA Reduces Oil Demand Forecast for 2021

Santa Barbara Channel / Ellwood Oil Field. From left to right: Harmony, Hondo, Heritage., cc Flickr Glenn Beltz, modified, https://creativecommons.org/licenses/by/2.0/

Weak oil demand is projected to persist through the first half of 2021, compounding divisions within the OPEC+ cartel.

US Stimulus: Biden Era to Open with a Fiscal Bang

Joe BIden speaks at a rally outside his campaign office in Council Bluffs, Iowa. Please attribute to Matt A.J. is used elsewhere., modified, https://www.flickr.com/photos/cornstalker/49148794278/in/photolist-2hT7qdN-DJWD4T-DRAF4o-DMKaXJ-DvmhkL-E4UD37-EiYthH-EswGHQ-EkCRoA-DYviMA-DDJJUK-DqttdY-Da6o24-E1Drk2-Dfvmm7-DypzT8-DfQJi4-E1DoQT-dGHyZJ-DDVQeS-E2N4rj-E7daCQ-E4qsBE-Dc8N6K-Dhtj7D-DDrBNe-2kpuX4v-Dh8BZy-2k4gLnK-DkZxr7-DhtfCz-DXuJjh-EaFsL4-DrvgtF-2gAV4u2-Ecxe7f-DY8kbG-Etr5Ch-Dmkk2M-DE7YPL-DGSHGb-Dhts4k-2hTaZX9-Dh8FAw-E6C5xn-2gAV5nE-2gAVCWy-2gAVD2P-97Gk16-E8heEt

The Biden administration has proposed a bold – and expensive – stimulus package to reinvigorate the US economy, and its legislative path will say a lot about how US politics will operate over the next two years.

In Thailand’s Deep South, COVID-19 Leaves Peace Talks with the BRN On Hold

cc Flickr ITU Pictures, modified, https://www.flickr.com/photos/itupictures/30974080815/in/photolist-TZgoHY-TZgpNo-U2A8SV-2hM5Nxg-2hM2dTj-2hM5Fp8-TZgnv7-AJcKx3-P4hizz-Pc5g78-2hLZy8F-2hM27To-2hLZLix-2hM3oFX-NJhw6E-2hM3BNd-Pc5oQz-2hM3kFo-2hM3Q9R-2hM4HCP-2hM13yo-2hLZpet-2hM4CrB-2hM3viu-WgAvr9-WgArJ9-WWjjEU-XxpAJx-Wj1xpg

The emergence of COVID-19 delayed peace talks between the Thai government and southern rebels last year. A year on, the pandemic is still complicating any restart.

China Scrambles to Contain COVID-19 Outbreak ahead of Lunar New Year

The platforms of Shijiazhuang Railway Station., cc modified, wikicommons Windmemories, https://commons.wikimedia.org/wiki/File:20201216_Platforms_of_Shijiazhuang_Railway_Station_05.jpg

Mass lockdowns and temporary COVID-19 hospitals have returned to China, and the timing couldn’t be worse.

Resurgent COVID-19 Looms over Asia’s Economic Recovery

cc Flickr nagi usano, modified, https://creativecommons.org/licenses/by-sa/2.0/

Asia is expected to lead the way in a post-COVID global economic recovery, but a new upsurge in COVID-19 cases highlights how the region is not out of the woods yet.

Turning Inward: GCC Sovereign Wealth Funds Reinvent Themselves in the COVID Era

Deputy Crown Prince, Second Deputy Prime Minister and Minister of Defense of the Kingdom of Saudi Arabia, Mohammad Bin Salman bin Abdulaziz Al-Saud participates in the Counter-ISIL Ministerial Joint Ministerial Plenary Session, at the U.S. Department of State in Washington, D.C. on July 21, 2016. [State Department Photo/Public Domain], https://commons.wikimedia.org/wiki/File:Deputy_Crown_Prince_Mohammad_Bin_Salman_bin_Abdulaziz_Al-Saud_Participates_in_the_Counter-ISIL_Ministerial_Plenary_Session_-_Flickr_-_U.S._Department_of_State_(cropped).jpg

But the path to a post-oil future won’t be easy.

EU-China Investment Agreement Casts Europe as a Great Power

cc kremlin.ru, modified, https://commons.wikimedia.org/wiki/File:Emmanuel_Macron_and_Angela_Merkel_(2019-12-10).jpg,

The EU-China Comprehensive Agreement on Investment has demonstrated Europe’s importance on the world stage – even if the agreement never sees the light of day.

Christmas Peace Deal to End the Brexit “War”?

cc Dunk, Flickr, modified, original art by Banksy, https://creativecommons.org/licenses/by/2.0/

Britain’s services industry might not agree with the early declarations of victory that followed the new Brexit deal.

How Small States Are Setting the Bar in the Fight against COVID-19

cc Flickr White House, modified, https://www.flickr.com/photos/whitehouse/48784383616/in/photolist-2jwqCMZ-2ebCyff-2jwmbYU-2jwqCJT-2hBpwmK-X5jvhv-2hjUHJy-2hjSS7g-2hjSS2g-2hjUHCm-X5jwgp-X5jvYR-2hjUHDP-X5jwXp-X5jwza-Xvry5C-XRrcqJ-X5jvAr-Xvsd3b-2ft3doN-WQL8s1-XU8sD6-XU8ugK-XU9k3T-XU8pYg-2hBo42s-2hBjR1A-XU9oFz-XU8B6g-T7ians-2hz946k-2hz5fKr-2eFvdg7-2hBjksC-2hBoj9m

Small states seem better equipped to fight COVID-19 by design.

UK Sounds Alarm over New COVID-19 Variant

cc 10 Downing Street, modified, https://commons.wikimedia.org/wiki/File:Boris_Johnson_Drawing_to_Thanks_NHS.jpg

A new COVID-19 variant in the UK is ushering in a new – and potentially longer – wave of lockdowns across Europe.

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