OPEC+ meeting, commodities demand recovery in focus
The highlights in Asia this week:
** OPEC+ ministers are considering to move up their meeting to June 4, from the previously scheduled June 9-10, so that July nominations can factor in any changes to oil production quotas
** Faster-than-expected recovery seen in China's crude imports rekindles expectations that Asia's commodity demand could soon normalize
** Phase 1 trade deal between US and China remains intact but Asian markets on the edge due to the social unrest in the US
Also in this episode: rise in construction activities in China could support steel and iron ore demand, Australian coal prices face geopolitical uncertainties, LNG prices remain under pressure.
Видео OPEC+ meeting, commodities demand recovery in focus канала S&P Global Commodity Insights
** OPEC+ ministers are considering to move up their meeting to June 4, from the previously scheduled June 9-10, so that July nominations can factor in any changes to oil production quotas
** Faster-than-expected recovery seen in China's crude imports rekindles expectations that Asia's commodity demand could soon normalize
** Phase 1 trade deal between US and China remains intact but Asian markets on the edge due to the social unrest in the US
Also in this episode: rise in construction activities in China could support steel and iron ore demand, Australian coal prices face geopolitical uncertainties, LNG prices remain under pressure.
Видео OPEC+ meeting, commodities demand recovery in focus канала S&P Global Commodity Insights
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