Jordan to Double Gas Output; Vitol Sees $50 Oil: Adipec Update - Bloomberg
Adipec, one of the biggest energy events in the Middle East and North Africa, is into its second day. Usually hosted in Abu Dhabi, capital of the United Arab Emirates, this year’s conference is virtual.
Energy ministers from Egypt, Jordan and Iraq are among those speaking on Tuesday. So is Fatih Birol, the head of the International Energy Agency.
The event, which runs until Nov. 12, opened on Monday with oil prices under under pressure from an acceleration in coronavirus cases in major economies and new lockdowns in Europe. But crude prices soared late Monday as Pfizer Inc. and BioNTech SE reported a potential Covid-19 vaccine breakthrough. Benchmark Brent crude is trading around 10% higher this week near $43 a barrel.
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