Dr Carole Nakhle comments on the latest developments in global economy and oil markets in the Gulf Intelligence weekly commentary
Dr Nakhle comments on oil prices, OPEC+’s wait and see game before the group decides on any production changes taking place from January 2021, as well as on global economic recovery. On the latter, she argues that while it will take time time to get to pre-Covid19 levels, the global economy is improving, stating that the most important contributor to that has been the fact that there are no severe national lockdowns similar to those seen back in March/April, which is already sending positive signals.
Dr Nakhle also discusses the latest geopolitical developments in East Mediterranean, including Libya, the recent talks between Lebanon and Israel, and the tensions between Turkey, Greece and Cyprus. She further comments on Oman going into debt markets, pointing out that this is the right time for the country and other Gulf oil producers to convince markets that they are serious about the diversification of their economies.
Do you agree that the second wave of Covid-19 infections now hitting the US and Europe may dent but it won’t derail the economic recovery from the first wave?
In this poll from the Gulf Intelligence, about 65% of respondents agree that the second wave of Covid-19 infections now hitting the US and Europe may dent but it won’t derail the economic recovery from the first wave
Dr Nakhle is joined by Walter Simpson, Managing Director at CCED, and Matt Stanley, Director at Star Fuels. Sean Evers, Managing Partner at the Gulf Intelligence, moderates the discussion.