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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 gain ahead of FOMC’s October policy meeting minutes

The U.S. Treasuries gained during Wednesdays afternoon session amid a relatively quiet day ahead of the Federal Open Market Committees (FOMC) monetary policy meeting minutes for the month of October, scheduled to be...

UK gilts surge ahead of BoE MPC Treasury Committee Hearings, November PMIs

The United Kingdoms gilts surged during European trading hours Wednesday as investors remained side-lined amid a muted trading session that witnessed data of little economic significance. However, investors attention...

German bunds jump ahead of ECB’s account of October policy meeting, Q3 GDP

The German bunds jumped during European session Wednesday amid silent trading hours that barely witnessed any data of major economic significance. But, attention remain glued to the European Central Banks (ECB) account of...

RBI likely to lower policy rate again on December 5 to revive Asia’s third-largest economy, says Scotiabank

The Reserve Bank of India (RBI) is expected to lower its policy rate again on December 5 to revive Asias third-largest economy, despite relatively elevated CPI inflation. The RBIs monetary easing will boost local equities...

Eurozone’s industrial recession spill-overs and slowing employment growth likely to affect services sector, says Capital Economics

The euro-zones services sector has held up relatively well so far this year. However, we expect spill-overs from the industrial recession and slowing employment growth to take a toll in the coming months. The latest...

Politics

Melania Trump maintains silence on impeachment investigations

There has been so much information and reactions made public at this point as the impeachment investigation against United States President Donald Trump. But apart from reactions from political analysts and other...

What happens to the East Wing if Donald Trump and Melania Trump get divorced

Even before winning the election, Donald Trumps statements and actions during campaign rallies were enough to cause a string of controversies. It was then not surprising that it continued even after he won the 2016...

Why Nixon's VP Spiro Agnew attacked the new media -- 50 years ago

Americans witnessed an unprecedented event 50 years ago: live television coverage on all three national networks of a speech by the vice president of the United States. Speeches by vice presidents never received such...

Fracking: how the police response is threatening the right to protest

The UK government has announced an immediate moratorium on fracking. The decision came after new scientific analysis concluded it was not possible to rule out future unacceptable impacts. Opponents of the controversial...

UK election 2019: hundreds of thousands of people could be in the wrong place when it's time to vote

The UK general election called for December 12 2019 raises important issues regarding who is entitled to vote, who will be able to vote and where they will vote. The electoral roll, which lists everyone eligible to...

Science

Nearly all your devices run on lithium batteries. Here's a Nobel Prizewinner on his part in their invention – and their future

British-born scientist M. Stanley Whittingham, of Binghamton University, was one of three scientists who won the 2019 Nobel Prize in Chemistry for their work developing lithium-ion batteries. L-R: John Goodenough;...

Advances in anti-ageing research: how chemistry could hold the key to better health

Given the opportunity to live much longer lives, many of us might feel less than thrilled at the prospect. After all, you might think, who would want to live an extra 20 years dealing with arthritis, dementia or heart...

Dark energy: new experiment may solve one of the universe's greatest mysteries

As an astronomer, there is no better feeling than achieving first light with a new instrument or telescope. It is the culmination of years of preparations and construction of new hardware, which for the first time collects...

Predicting research results can mean better science and better advice

We ask experts for advice all the time. A company might ask an economist for advice on how to motivate its employees. A government might ask what the effect of a policy reform will be. To give the advice, experts often...

Asteroid impact that could end humanity is happening, space nation leader claims

Asteroids are the most common space objects that fly by Earth almost daily. Some of them were detected too close to the time of their close approach, but there has never been an impact that took place in modern history....

Technology

Is ‘The Sims 5’ announcement in 2020 possible?

With only over a month left in 2019, the chance of getting an update on the development of The Sims 5 is much less. This leads to the next big question: is it worth it to anticipate an official announcement in 2020? The...

‘PUBG Mobile’ update 0.15.5 marks start of a new season

Within the past month, a couple of important updates have been released for PUBG Mobile. They did not only arrive with changes and performance improvements because the recent updates also added new gameplay features and...

iPhone 12 could be Apple’s first 5G-enabled smartphone

Whether or not Apple went all-out with its iPhone 11 series is still a debatable topic, and one aspect that makes it so is the absence of 5G support. Now, when looking forward to what iPhone 12 could offer, the upgrade to...

iOS 14 is anticipated with new screen modes, 5G support

If there is one thing that tech fans can certainly count on for 2020, it is the announcement and later release of iOS 14. Apple has not missed a year without announcing new operating systems for its products, and it is...

Pixelbook Go: Is it more priceworthy than the 2017-released Pixelbook?

This year, Google updated its lineup of Chromebooks with the launch of the Pixelbook Go. One of the most noticeable differences it has, then the 2017-released Pixelbook, is its price. However, it might also not be too...
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