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COVID-19 - News digest as of 18.06.2021

June 18/2021

1. Easing COVID-19 emergency restrictions to boost summer gasoline demand in Japan

MOSCOW (MRC) -- Japan"s easing of COVID-19 emergency restrictions will boost the gasoline demand in July, when the country kickstarts the summer driving season, but the expected transport restriction for the Tokyo Olympics sent mixed signals for the fuel demand, reported S&P Global. Japan decided June 17 it will lift its state of emergency measures on nine out of 10 prefectures when it expires on June 20 but will place Hokkaido, Tokyo, Aichi, Osaka, Hyogo, Kyoto and Fukuoka under its COVID-19 priority measures, together with Saitama, Chiba and Kanagawa until July 11. The state of emergency measures on Okinawa will remain until July 11 but the state of emergency on Okayama and Hiroshima will be lifted on June 20. The priority measures on Gifu and Mie will also be lifted. This means 56% of Japan"s population will be under the priority measure, with the state of emergency on Okinawa, accounting for 1% of the population.

2. Crude oil futures continue downward trend in Asia as risk-off sentiment sweeps market

MOSCOW (MRC) -- Crude oil futures fell further during mid-morning trade in Asia June 18, extending overnight losses, as risk aversion gripped the market after hawkish signals from the US Federal Reserve, even as the global demand recovery narrative remained intact, reported S&P Global. At 10:50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 64 cents/b (0.88%) from the previous settle at USD72.44/b, while the NYMEX July light sweet crude contract was 56 cents/b (0.79%) lower at USD70.48/b. The Brent and the NYMEX light sweet crude markers had fallen 1.76% and 1.54% overnight to close at USD73.08/b and USD71.04/b respectively, halting the recent dizzying rally.
Author:Margaret Volkova
Tags:Asia, crude and gaz condensate, medicine, COVID-19, UK, USA, Japan.
Category:General News
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