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Tuesday, 19 June 2018

What we’re tracking this week

White House special adviser Jared Kushner and US Middle East envoy Jason Greenblatt are expected to visit Egypt as part of a Middle East tour kicking off this week. The two will also visit Israel and Saudi Arabia to discuss a new plan for Palestinian-Israeli peace that could roll out later this summer.

It’s OPEC week, and Goldman Sachs still sees oil climbing back north of USD 80 in the coming months “despite growing concerns over higher OPEC crude production, escalating trade wars and rising inventories,” CNBC reports. OPEC will meet in Vienna on Thursday amid reports that Saudi Arabia is running into opposition to its bid to relax production caps.

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