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A new oil order has emerged over the past few years as oil prices have taken a plunge of about 60%. U.S., world’s one of key importer is about to become a major exporter of hydrocarbons. OPEC cartel, which has historically been a key player politically and price maker, losing its relevance and pricing power. On the energy front, renewables and gas becoming key challenger to oil’s global dominance. Moreover, this lower price is hitting energy exporters harder, creating global economic vulnerabilities. This new oil price and geo-political order demand greater analysis, which is the main focus of this series.

Oil in Global Economy Series

Oil in Global Economy Series: Reuters’ survey suggests OPEC compliance at 138 percent in January

Feb 01, 2018 08:21 am UTC| Commentary

Reuters has released its January oil market production survey and it suggests that OPEC production is set for a decline in the tune of 85,000 barrels per day in January compared to the December. Below are the production...

Oil in Global Economy Series

Oil in Global Economy Series: Key oil market updates

Jan 22, 2018 10:16 am UTC| Commentary

While the oil market continues to focus on supply/demand fundamentals, these are some key updates that you need to keep a tab on, U.S. oil rig count: The United States is continuing to see a surge in production....

Oil in Global Economy Series

Oil in Global Economy Series: Russia to increase output in 2018 if agreement with OPEC not reached

Oct 26, 2017 09:25 am UTC| Commentary

Russia is holding non-complaints to the OPEC/N-OPEC agreement and dissenters at gunpoint. Russian energy minister Alexander Novak said that Russia will increase output in 2018 if an agreement is not reached to extend...

Oil in Global Economy Series

Oil in Global Economy Series: Oil prices rise as Saudi oil ministers vows to end supply glut

Oct 25, 2017 07:32 am UTC| Commentary

Speaking during an investment conference in Riyadh, Saudi Arabias oil minister Khalid Al-Falih said that Saudi Arabia is determined and committed to reducing global inventories that have dogged oil prices since 2014. He...

Oil in Global Economy Series

How oil exploration is adding to Mali's security woes

Oct 23, 2017 01:45 am UTC| Insights & Views

Mali is one of the least developed countries in the world, with nearly half the population living near the poverty line. In the past six years, the country has experienced civil war, jihadist terrorism and a coup dett....

Oil in Global Economy Series

Oil in Global Economy Series: Oil price in for biggest 3rd quarter gain in 13 years after worst H1 in 20 years

Sep 21, 2017 12:33 pm UTC| Commentary

North American benchmark oil index, WTI has moved above $50 per barrel this week, for the first time since early August. Though it is struggling to find buyers above $50 area, we expect the current bullish momentum to...

Oil in Global Economy Series

Oil in Global Economy Series: U.S. operating oil rigs continue to decline

Sep 18, 2017 12:52 pm UTC| Commentary

Last weeks report from Baker Hughes shows that the number of operating rigs declined for the 7th time in 34 weeks. The increasing numbers of operating rigs, as well as increasing production, have been raising concerns that...

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Economy

Australian bonds sag as U.S.-China trade talks progress; 10-year yield jumps 3bps

Australian government bonds slumped across the curve during Asian trading session Friday as better-than-expected U.S. economic data and progress in U.S.-China trade talks helped investors to move from safe-haven...

Britons locked up in political drama after PM May narrowly survives no-confidence vote; watch what Labour Party does next

The United Kingdoms citizens locked up in a political drama over the countrys divorce deal with the European Union after an array of events puzzled market reactions. Last nights no-confidence vote raised by opposition...

UK gilts suffer after PM May survives no-confidence vote; Brexit drama continues to intensify

The United Kingdoms gilts suffered during Thursdays afternoon session Prime Minister Theresa May survived a no-confidence vote yesterday at the House of Commons, triggered by opposition Labour Party leader Jeremy Corbyn....

New Zealand Q4 2018 CPI seen flat, annual inflation slipping to 1.8 pct: ANZ Research

New Zealands headline CPI is expected to have remained flat in the December quarter, with annual inflation slipping from 1.9 percent to 1.8 percent. Tradable inflation is expected to print at -0.8 percent q/q, while...

JGBs narrowly mixed ahead of December national core CPI, November industrial production

The Japanese government bonds remained narrowly mixed Thursday amid a quiet session ahead of the countrys national consumer price inflation (CPI) data for the month of December and industrial production for November,...

Politics

Donald Trump 2019: White House Dismisses Health Concerns Over Blood & Band-Aid on President's Hand

An adhesive bandage covering a dot of blood on U.S. President Donald Trumps right hand earlier this week stirred speculations about his health. But the White House immediately issued a statement telling the public there is...

Melania Trump 2019: FLOTUS Flew to Palm Beach After Donald Trump Canceled Nancy Pelosi’s Afghanistan Visit

Melania Trump has been notably absent in the last few weeks amidst the government shutdown, the longest in U.S. history. But there is precedence to the FLOTUS actions as she behaved similarly last year, although the...

Vladimir Putin Reportedly Backed the Russian’s NRA Infiltration In a Bid to Create Conflicts in the US

Vladimir Putin and his government have repeatedly denied their involvement in the infiltration of the National Rifle Association (NRA) but a U.S. intelligence report showed otherwise. It was said that the Kremlins are...

Donald Trump’s Ratings Plunge as Shutdown Continues; POTUS Reportedly Won’t Negotiate Reopening Government Without Wall Funding

A Rasmussen poll report, on Monday, showed Donald Trumps ratings plunged to its lowest for the past year. A source said the President of the United States is unlikely to negotiate the reopening of the government until his...

Donald Trump Allegedly Furious, Let Out Expletives As Michael Cohen Is Set to Testify Before House Next Month

Donald Trump is allegedly furious after learning that his former lawyer, Michael Cohen, is set to testify before the House committee in February. The hearing would be televised, and the lawyer would be questioned about the...

Science

Will China's moon landing launch a new space race?

China became the third country to land a probe on the Moon on Jan. 2. But, more importantly, it became the first to do so on the far side of the moon, often called the dark side. The ability to land on the far side of the...

China goes where no one has gone before – the moon's far side

In a spectacular few days for solar system exploration during which NASA whizzed the New Horizons spacecraft past the Kuiper Belt object 2009 MU69 (somewhat controversially nicknamed Ultima Thule) and eased OSIRIS-REx...

Why microbeads are such a threat and why they're so hard to handle

Plastic is everywhere. It is used across a spectrum of applications from durable industrial equipment, household appliances to throw-away single-use items and even the clothes we wear. This wide scope of uses is ascribed...

Microbial aromas might save crops from drought

In her book Silent Spring, Rachel Carson writes: The sense of smell, almost more than any other, has the power to recall memories…. You might wonder how this relates to microorganisms. In fact, they produce most...

A neuroscientist's tips for a new year tuneup for your brain

Unlike the effervescent bubbles that stream to the top of champagne flutes on New Years Eve, what I call brain bubbles are far from celebratory. These bubbles are metaphorical rather than physical, and they distort the...

Technology

'The Last of Us Part II' Latest News & Update: Series Creator Throws Shade at ‘RDR2’

One of the most highly anticipated PlayStation 4 exclusives that fans are dying to play, The Last of Us Part II owes its hype to the excellent quality of the first game. One of the folks behind that title is Bruce Straley...

'Resident Evil 2' Remake Latest News & Update: Video Shows Capcom’s ‘RE2’ Bias, DLC Talks Begin

The impending release of the Resident Evil 2 Remake is a video game event of 2019 that many fans have been looking forward to the most, and Capcom clearly understands this. In a new video that was recently posted, the...

'Fortnite' Latest News & Update: Pedophilia & Money Laundering Scandal Infects Battle Royale Game

Video games and pedophilia getting tangled together is nothing new, with many multiplayer online games featuring predators trying to lure young players for sexual reasons. However, when it is done with a game as popular...

PlayStation 5 Latest News & Update: Sony Asking Fans What They Want from PS5?

It has been a widely accepted notion for a few years now that Sony has been developing the PlayStation 5 for the next generation of console gaming. However, there have been no official confirmations with regards to the...

‘Fortnite’ Latest News & Update: Battle Royale Game Threatening Netflix Bottom Line, Online Streaming Diverting Customers

In a rather surprising recent development, Netflix revealed that it had more to fear from the hugely popular Battle Royale game Fortnite than it did from mainline competition like HBO. This might initially come across as...
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January 18 15:00 UTC Released

USYr Inf Prelim

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2.6 %

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2.5 %

January 18 15:00 UTC Released

USU Mich 1Yr Inf Prelim

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2.7 %

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2.7 %

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January 22 19:00 UTC 522671522671m

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-1541 %

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-1541 %

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