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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

New Zealand bonds end tad higher ahead of GlobalDairyTrade price auction, Q2 retail sales

The New Zealand bonds ended tad higher Monday as investors await to watch the GlobalDairyTrade (GDT) price auction and retail sales for the second quarter of this year, both scheduled to be released on August 21. At the...

JGBs trade slightly higher as geopolitical tensions continue to bother amid silent economic session

Japanese government bonds traded slightly higher on the first trading day of the week as geopolitical tensions continued to bother investors sentiments, leading to a rise in demand for safe-haven bonds, thus weighing on...

Australian 10-year bond yield slumps to lowest this year amid weak risk appetite

Australian government bonds rallied across the curve during early Asian session Monday as investors risk appetite remained sour ahead of U.S.-China trade talks this week. However, markets will await the Reserve Bank of...

Crypto Currency Brief: Bitcoin rises for third straight day, HK-based Okex delists Altcoin pairs, EOS/USD breaches previous support – Friday, August 17th, 2018

BTC/USD: Bitcoin prices remained on the upside for the third consecutive day, trying to overcome the losses made last week, but failed to catch the $6,500 mark. Further, the past 24 hours witnessed a 50 percent jump in...

German bunds surge after Turkey’s political crisis worsens; Eurozone July CPI remains unchanged

The German bunds surged during European session Friday after Turkeys political crisis worsened, with the United States threatening to impose higher economic sanctions if the former refuses to set free a detained American...

Politics

Abbott and Turnbull shape up for another round of an old battle

The Coalition party room on Tuesday is set for a high stakes, quite personal battle between Tony Abbott and Malcolm Turnbull over the National Energy Guarantee, with former and current prime ministers shaping up on...

Immigration activists fighting to abolish ICE have a bigger vision

Theres a phrase being thrown around a lot these days: Abolish ICE. Its a hashtag, its used in political speeches and demonstrations, and it appears all over Facebook. What does it mean and where did it come from? ICE...

A socialist's primary win doesn't herald a workers revolution in the US

Anyone anticipating a golden dawn of Marxist-Leninist communism soon in the United States might have to wait a while longer perhaps forever. The surprise victory of socialist Alexandria Ocasio-Cortez over longtime...

Kabila's decision to step aside won't change the DRC's power dynamics

The ruling party in the Democratic Republic of the Congo (DRC), The Peoples Party for Reconciliation and Democracy, made an announcement recently that took everybody by surprise that Joseph Kabila will not be its...

'Conservative turn' will continue in Indonesian presidential election next year

The recent announcement of President Joko Jokowi Widodos running mate in his re-election bid suggests the continued strong influence of conservative groups over politics in the worlds largest Muslim population. A...

Science

The world of plastics, in numbers

From its early beginnings during and after World War II, the commercial industry for polymers long chain synthetic molecules of which plastics are a common misnomer has grown rapidly. In 2015, over 320 million tons of...

How biobanks can help improve the integrity of scientific research

Biobanks are repositories which receive, store, process and disseminate specimens. These include DNA derived from humans and animals; bacterial strains; and environmental samples like plants and soil. Biobanks also provide...

Jupiter's magnetic fields may stop its wind bands from going deep into the gas giant

One of the most striking features of Jupiter a gaseous giant with no solid surface is the coloured bands that encircle the planet. These bands are so large and distinct that they can be seen from here on Earth using a...

The US plan for a Space Force risks escalating a 'space arms race'

United States Vice President Mike Pence has confirmed overnight plans to create a Space Force as the sixth branch of the US military. He repeated comments from President Donald Trump, who had said that American...

Chemistry kits can help teachers ignite the spark of science

When it comes to physical sciences, South Africas pupils lag far behind their peers in other countries. The World Economic Forum ranked South Africa at 128 of 137 countries in math and science education in its most recent...

Technology

Hyundai-backed Hdac Technology signs MOU with blockchain real estate startup DREAMChain

Hdac Technology AG, a blockchain-based IoT contract platform backed by Hyundai, has signed a memorandum of understanding (MOU) with Dream Global Partners, establishing the foundation of a comprehensive collaborative...

‘PUBG' Mobile Season 3 Release Date, Gears, Rewards: Number of Free Emoticons Revealed

PUBG Mobile Season 3 is expected to roll out this week and fans of the shooting game cant wait for the latest update to drop. Game developer Tencent will be adding a few more features in the game that players can look...

‘Kingdom Hearts 3’ Release Date, Gameplay, Rankings: Title Earns No. 1 Spot on Famitsu Chart

Kingdom Hearts 3 has knocked Final Fantasy 7 Remake out of its number one spot on the Famitsu leaderboard, Gamit Bolt reported. Famitsu is a video game magazine in Japan and is considered to be one of the most widely read...

South Korea’s Chuncheon city partners with blockchain startup Swytch to reduce carbon footprint

Chuncheon, the capital of Gangwon Province in South Korea, is collaborating with Austin-based blockchain startup Swytch to reduce carbon emissions and drive economic and environmental sustainability in the city. Founded...

OnePlus 6T News & Update: T-Mobile to Reportedly Sell 6T, First US Carrier to Do So

Since selling the first OnePlus smartphone in 2014, OnePlus has set itself apart as a unique existence in the smartphone industry. Forget trying to buy it via retailers, customers often needed an invitation to actually...
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August 20 09:00 UTC Released

EZConstruction Output MM

Actual

0.19 Percent

Forecast

Previous

August 20 08:30 UTC Released

GRCbank C/A YY

Actual

0.21 0

Forecast

Previous

0.191 0

January 31 00:00 UTC 289997289997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 289997289997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 301817301817m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 289997289997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 301817301817m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 289997289997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 289997289997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 289997289997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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