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.

This is an important week for oil markets. 

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

What unfolded in Turkey over the weekend proved that central bank policies matter, as does the person who runs the institution.

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.

The International Renewable Energy Agency (IRENA) released a preview of its World Energy Transitions Outlook, just in time for the 7th Berlin Energy Transition Dialogue.

The upside of categories is that they enable observers to analyze macroeconomic trends with ease. The downside is that they paint pictures with too broad a brush and bear the inherent risk of comparing apples to pears.

On Wednesday, Joe Biden’s $1.9 trillion COVID-19 relief package passed through Congress. The much-discussed question was whether it was too big and targeted enough, or whether it posed a danger of overheating the economy.