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Campaign Kicks Into High Gear All Who Want Access To Vaccine in Germany Could Get It By July

April 8, 2021
in International Press
0
Campaign Kicks Into High Gear All Who Want Access To Vaccine in Germany Could Get It By July

Fahrer eines Kühllastwagens entladen in einem Logistikzentrum Kisten mit Impfdosen von Biontech/Pfizer. Am Morgen kamen dort weitere 19.500 Impfdosen von Biontech/Pfizer unter Polizeischutz an. Der Impfstoff soll nun im Land Sachsen-Anhalt verteilt werden. +++ dpa-Bildfunk +++

Germany’s vaccination campaign is running sluggishly, but that’s about to change quickly. The situation could ease considerably — and that well before the end of the summer, with vaccine deliveries set to increase dramatically in the coming weeks.

By Claus Hecking

Despite the initially sluggish start of vaccinations in Germany and a new scare over the AstraZeneca vaccine, large parts of the German population appear to be on track to be vaccinated in the coming months, possibly well before the end of the summer. “It is realistic that all adults who want to get vaccinated will be able to get a shot by the end of July,” said Sebastian Dullien, research director at the Macroeconomic Policy Institute at the Hans Böckler Foundation. “Only two conditions have to be met for that to happen: We have to get the vaccine and it has to be administered.”

The economics professor used data from the German Health Ministry to do a comparison of the planned vaccine deliveries for Germany and the demand for vaccine. According to his tally, deliveries to Germany of more than 107 million doses should be completed by early July – and that even if the planned CureVac vaccine isn’t authorized by that time and not a single dose of Russia’s Sputnik V vaccine is used. By the end of July, that figure should rise to over 140 million doses.

“I was surprised myself by how much vaccine there is supposed to be,” says Dullien.

(Almost) everything hinges on BioNTech/Pfizer

In his model, the economist assumes that 52.5 million Germans, or three out of four adults, want to be vaccinated. Vaccinating them would require a total of about 95 million vaccine doses, taking into account that the Johnson & Johnson vaccine requires only one shot. “In purely mathematical terms, you could achieve the goal by the end of July without any further use of the AstraZeneca vaccine,” says Dullien, provided that the other manufacturers deliver as announced.

According to the current timeline, BioNTech/Pfizer deliveries in particular are expected to increase dramatically during the second quarter: from just under 1.1 million doses per week to more than 2.5 million in the weeks after Easter – and later even to more than 5 million doses. In total, BioNTech/Pfizer is expected to supply around 60 percent of the total vaccine required by the end of the first half of the year. That also means that any shortfalls or delays would hit Germany hard.

The Johnson & Johnson vaccine could also turn out to be key. That vaccine is expected to be added to the mix from mid-April onward, with plans for a total of 10.1 million doses to be delivered by the end of June. But those numbers count double because it is a one-shot vaccine.

Merkel’s vaccine promise could easily be achieved: under two conditions.

But is still unclear whether and to what extent the recent loss of 15 million Johnson & Johnson doses following a mishap at a plant in the United States will affect the German vaccination drive. From the beginning of July on, Moderna’s deliveries are also expected to increase massively, from the previous level of around 665,000 to more than 2.05 million doses a week.

Overall, vaccine deliveries to Germany are now expected to accelerate dramatically. Previously, Germany had been receiving less than 2 million doses a week, but as early as last week, the German Health Ministry was expecting the delivery of 3.4 million doses. From this week, deliveries of 3 million doses a week are expected and by the end of April, that figure is expected to increase to 6 million doses a week, then again to 7.5 million doses a week beginning in mid-May.

According to Dullien’s calculations, German Chancellor Angela Merkel’s vaccination target of offering every resident of Germany a shot by the end of the summer seems achievable. “According to the projection, a total of 215 million doses will have been delivered by Sept. 23, which would be enough for 118 million people,” the researcher says.

But it will be crucial that these vaccines are administered swiftly. Doubts have been growing recently over how well the vaccine administration is being handled. Still, Dullien says Germany isn’t far behind on the vaccination path he has estimated would be needed to achieve the July goal.

This also means that the pace of vaccination needs to increase at a similar rate as vaccine deliveries, from currently less than 300,000 doses a day to around 500,000 administered doses and then even higher. To meet the vaccination goal for the end of July, an average of around 670,000 doses will have to be injected by then each day.

Vaccinations can slow down the third wave – but not immediately.

If vaccination centers and family physicians succeed in that, they could play a decisive role in slowing down the third wave in early summer. For some time now, relatively low death rates and low rates of infection among people over 80 years of age in Germany have provided an indication that the vaccinations are working in the people who have received them. But there haven’t been enough vaccinations yet to decisively slow down the number of new infections.

The effect is only likely to be palpable in Germany once around one-third of the population has been immunized. According to the Robert Koch Institute, Germany’s center for disease control, only around 13 percent of people living in Germany have been provided with their first jab of vaccine and only 5.6 percent have been completely vaccinated with two shots. It will probably take until May before one-third of the population in Germany has received at least one shot – and that’s if all deliveries arrive according to schedule and are administered quickly.

 

Der Spiegel

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By Felicity Bradstock OPEC and partners are betting on a significant boost in oil demand over the coming months as member states get ready to ramp up oil production. OPEC, Russia, and their allies are planning to increase oil production by 2.1 million bpd by as early as July this year, suggesting the confidence they have in a market rebound. The organization’s output cuts of 7 million will be eased significantly each month between now and July. Saudi Arabia is also expected to ease its voluntary output cuts to increase production by 1 million bpd by July. The announcement to ease restrictions comes unexpectedly as the oil industry is once again suffering from increased Covid-19 restrictions as Europe and parts of Latin America go into a third wave of the pandemic. Oil prices have dropped to the lowest in almost two weeks as European lockdown measures continue to be extended, leaving the market unsure of upcoming demand trends. Futures in New York fell 4.6 percent on Monday, from $64.86 a barrel on April 1 to $62.15, which decreased oil prices to below the U.S. crude’s 50-day moving average. OPEC will be hoping that prices remain generally high as production increases, relying on the international market to soak up the higher crude production by the summer months. However, it will be battling with restrictions on travel, closed businesses, and the new working-from-home norm. However, optimism around the vaccine rollout continues, as the U.K. has given the first vaccine to almost half of the population, and the U.S. to over 30 percent of the population. While vaccination programs in the rest of Europe and North America are moving at a slower rate, there is still hope that many countries will catch up by late 2021. Vitol, the world’s biggest independent oil trader, stated this week that it expects oil demand to increase over the next decade but warns jet fuel recovery will be slower. While certain oil sectors will remain stagnant, others are expected to increase, including light ends used in manufacturing. Platts Analytics is also optimistic about the 2021 rebound, anticipating an oil demand growth of 5.9 million bpd this year, in comparison to the 9 million bpd decrease experienced in 2020. The firm expects demand to climb steadily before plateauing at an estimated 113.5 million bpd in the late 2030s. The increase in demand will come predominantly from Asia, as China and India’s energy needs are steadily increasing as already developed markets, such as Europe and North America, are expected to stagnate. OPEC+ is looking increasingly toward India and its oil refiners, as Saudi Arabia hopes to forge strategic relations with one of the fastest-growing downstream markets in the world. At present, the Arab Gulf States account for around 20 percent of India’s total import bill, which is dominated by oil and gas. While Covid-19 restrictions continue to hamper oil demand, optimism around the vaccine rollout as well as increased demand from emerging markets suggests OPEC’s plan to ramp up production will be met with enthusiasm. Crude Oil

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