While the vessel glut has really been in place since when Covid-19 caused oil demand to collapse early last year, it has until recently been masked by a huge chunk of the fleet storing crude that was previously surplus to requirements
The scrapping may not be enough to save the market in the coming months. The amount of oil being shipped at sea remains far below normal levels as OPEC and its allies continue to withhold huge volumes of production and vessels that were used as storage during the oil market’s mammoth 2020 glut are now coming back onto the market and looking for business.

Airlifted COVID vaccines to 9 countries, will gradually supply to WHO’s COVAX facility: India at UN

Jan 25, 2021

“We have already airlifted more than 6 million doses to nine countries in Phase-I as grant assistance. Contractual supplies to various countries are also being undertaken in a phased manner. We will also gradually supply to the COVAX facility of the WHO,” Naidu said, adding that India has also provided training to several partner countries to strengthen their clinical capabilities, as well as to enhance their capacities for vaccine administration.
“As the largest vaccine-producing country of the world, we are fulfilling our commitment to make our vaccine production and delivery capacity available for the benefit of the entire humanity,” Naidu said.

Crypto industry has ‘wind in its sails’, 8 companies eye public offerings

Jan 24, 2021

The IPO market has been red-hot since last fall as companies rushed to take advantage of the 70% surge in stocks since the March lows. Public debuts and blank-check companies have grown so popular that record after record fell. And first-day pops in share prices, a barometer of investor appetite for newly public firms, are among the biggest in decades.

It has all become too much to ignore for the crypto industry.
The IPO mania alone is enough to stoke bubble worries, but adding crypto to the mix after its record run is fueling concern that investors are setting themselves up for an especially painful comeuppance.

Vaccinated people may still transmit COVID-19, warns England’s chief medic

Jan 24, 2021

Professor Jonathan Van-Tam, England’s Deputy Chief Medical Officer, also warned that there is no clear evidence yet to show that vaccinated people cannot transmit the deadly virus on to others.

“Regardless of whether someone has had their vaccination or not, it is vital that everyone follows the national restrictions and public health advice, as protection takes up to three weeks to kick in and we don’t yet know the impact of vaccines on transmission,” said Van-Tam.

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