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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

U.S. Treasuries slump after White House officials seen divided over imposition of harder tariffs on China

The U.S. 10-year Treasuries slumped during European trading hours Friday after mild signs of cooling trade war between the United States and China were observed, as White House officials remain divided over a harder action...

German bunds slump despite lower-than-expected June manufacturing PMI; Eurozone PMIs cheer investors

The German bunds slumped during European session Friday even as the countrys manufacturing PMI for the month of June came in lower than market expectations. However, eurozones PMIs cheered investors, thus lending...

New Zealand’s net migrant inflows continue to trend downwards in May; impetus to GDP growth likely to shrink

New Zealands monthly net migrant inflows continued to trend downwards, but ticked up on last month as arrivals bounced while departures continued to lift. Short-term visitor arrivals lifted and continue to hold at elevated...

USD/TWD likely to head for 30.5 as global markets start to react seriously on threat of trade war, says Scotiabank

The USD/TWD currency pair is expected to head for 30.5 level as global markets have started to take threat of trade war seriously, according to the latest research report from Scotiabank. USD/TWD NDF points are now trading...

JGBs trade tight after May consumer price inflation meets estimates, June manufacturing PMI rises

The Japanese 10-year government bonds traded in a tight range on Friday after the countrys national consumer price inflation (CPI) for the month of May met market expectations, although remaining far from the Bank of...

Politics

Venezuelans are boycotting their presidential election

Venezuelas May 20 presidential election may be an election in name only. Nicolás Maduro is widely expected to be reelected as Venezuelas president despite his 20 percent approval rating and profound mismanagement...

Ramaphosa's new dawn: much better, but not nearly enough

Cyril Ramaphosas rise to power has been greeted enthusiastically by most South Africans. Their hope is that the new president represents a leadership cohort within the governing African National Congress (ANC) thats...

Profile: Avigdor Lieberman, Israel's hardline defence minister

One of the most divisive figures in Israeli politics, Avigdor Lieberman, has been his countrys defence minister since May 2016. Despite his publicly acrimonious relationship with the prime minister, Benjamin Netanyahu,...

The first terrorist act in Indonesian prison: the triggers and how to prevent them

Indonesia witnessed another terrorist act last week. But, this time, it occurred in a maximum-security detention centre located at the polices Mobile Brigade headquarters in Depok, West Java. More than 150 terrorist...

South Africa's print media is failing to empower citizens on corruption

The mainstream media can play an important role in fighting corruption. Investigative journalists in South Africa, for instance, helped to expose how the politically connected Gupta family captured elements of the...

Science

Bacteria Could Be the Key To Breathing on Mars, Study Says

The atmosphere on Mars is so thin that humans wont be able to breathe on the red planet unless they are wearing space suits. With plans to colonize it, wearing the bulky apparel would pose a considerable level of...

Magnets Could Be the Key to Better Wine, Study Finds

Humans have been making wine since pre-historic times, with the discovery of alcoholic beverages made from honey dating thousands of year back. Throughout the millennia, new methods for wine-making have cropped up. This...

Antipsychotic Drugs Increases Risks Of Obesity and Diabetes In Children, Study Says

Update: The article previously mentioned that antipsychotic drugs were used to treat attention deficit hyperactivity disorder (ADHD). The study does not mention this fact and we apologize for the inaccurate statement....

Scientists Just Found A Black Hole That Is Eating Everything In Its Path

Black holes are some of the most terrifying subjects in the realm of science. Not only do they offer a glimpse into the raw power that is present in the universe, they also invoke undefinable terror in those who imagine...

Salt Could Prevent Hearing Loss After An Explosion

In movies, whenever a bomb goes off or an explosion occurs, there is that iconic moment where sounds are muffled and there is a high-pitched ring that pervades the whole scene. While films can go over-the-top with regards...

Technology

Ukrainian Authorities Arrest 4 Programmers Operating Bogus Crypto Exchanges

Ukrainian authorities arrested four men who were tagged in six fraudulent virtual currency exchanges that eventually resulted in the financial losses of their victims. According to Cointelegraph, the men promoted the bogus...

Hydro-Quebec Tells Crypto Companies to Bid for Electricity

Earlier this month, Hydro-Quebec released an announcement stating that it will temporarily stop processing requests from crypto mining companies, with the mandate coming directly from the Quebec provincial government. The...

Swiss Federal Councillor Urges Inclusion of Blockchain in School Curriculums

Crypto miners and companies operating in this new industry have been gravitating towards Switzerland since the countrys stance on the nascent market is quite friendly. One of its regions has even been dubbed Crypto Valley,...

Festival Organizers Turn to Blockchain to Eliminate Scalpers

In the first of its kind, the promoters of a music festival will run the majority of an event via blockchain technology. This particular niche in the music industry has a deep-rooted problem with scalpers, those people who...

Apple Seeks Cancellation of 4 Qualcomm Patents

It is now starting to look like Apple and Qualcomm will never run out of reasons to drag each other to court. Recently Apple filed a complaint that seeks the cancellation of four patents granted to Qualcomm. As first...
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June 22 14:30 UTC Released

USECRI Weekly Annualized

Actual

3.1 %

Forecast

Previous

2.7 %

June 22 14:30 UTC Released

USECRI Weekly Index

Actual

150.1 %

Forecast

Previous

149.3 %

January 31 00:00 UTC 206971206971m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 206971206971m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 218791218791m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 206971206971m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 218791218791m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 206971206971m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206971206971m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206971206971m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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