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Key Takeaways

The IEA predicts vaccines will not help global oil demand until mid-2021 at earliest. President-elect Biden gives first indication of hard line on China in Japanese security agreement. The US and UK reported record highs for new COVID-19 cases yesterday.

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state.

Political Transition in Washington and Potential Areas of Risk

Political risks in the US have sharpened as the outcome of the November election is being contested by President Trump. The president’s team is currently engaged in several lawsuits in the key states of Michigan, Pennsylvania, Arizona, and Georgia to challenge election results favoring Joe Biden, in some cases alleging mass voter fraud, illegal ballots, and improper election observer protocols.   

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