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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

UK gilts jump after April consumer price inflation disappoints; retail sales data in focus

The United Kingdoms gilts jumped during European session Wednesday following disappointment among investors as the countrys consumer price inflation (CPI) missed market expectations, albeit better than the previous reading...

FxWirePro: Why Fed not worried about China selling U.S. treasuries to counter trade war?

Speaking at Foreign Correspondents Club (FCC), St. Louis Fed President James Bullard talking on Sino-American trade negotiations suggested that China, which is the biggest foreign holder of U.S. Treasuries, it chooses to...

German bunds maintain steady trade ahead of Q1 GDP data, May manufacturing PMI

The German bunds maintained a steady movement during European trading session Wednesday amid a muted trading session that witnessed data of little economic significance. However, investors will be keeping an eye on the...

Global dairy prices likely to remain at $6.40/kg MS for 2018-19, stronger returns seen next season: ANZ Research

Global dairy prices are expected to remain at $6.40/kg MS for 2018-19 season, while projecting stronger returns for the next season at $7.30/kg MS, according to the latest report from ANZ Research. Fonterra is on track...

Global Geopolitical Series: U.S. initiates AD & CVD investigations on metal file cabinets from China

Yesterday, the U.S. Commerce Department announced that it is initiating an anti-dumping (AD) and countervailing duty (CVD) investigations into imports of metal file cabinets from China to determine whether vertical metal...

Politics

Vladimir Putin: Does the Russian President Watch 'Game of Thrones'?

Game of Thrones will officially close its curtains after its final episode on Sunday, May 19. Is Russian President Vladimir Putin one of the people who would be tuning in to see who sits on the Iron Throne? The question...

Donald Trump Net Worth: U.S. President’s Favorite Mar-a-Lago Resort Earned Less in 2018

Donald Trump may no longer be actively taking care of his businesses but it still earns him a sizeable amount of money every year. However, his latest annual financial report showed that his favorite getaway destination,...

Melania Trump Fashion: FLOTUS Wears $6,000 Dress at White House Event; Who's Paying for It?

The United States First Lady Melania Trump is known for her Be Best anti-bullying campaign. Aside from her official work, her fans are also following her fashion choices. Mrs. Trump, along with U.S. President Donald...

Donald Trump: POTUS Reignites Word War With James Comey

When Donald Trump officially became the United States President, his indifference with former Federal Bureau of Investigation director James Comey was also made known very well. This week, the word war between the two...

Vladimir Putin: Russian President ‘Afraid’ of Resistance?; Reiterates Importance of Military Strength Military on Victory Day

Russian President Vladimir Putin, as expected, staged a massive show of force on Victory Day while his speech focused on the supposed threat of collective resistance. Ironically, the big weapons were met with a report that...

Science

Cancer Cure Found in Ancient Fish? Study Leans on to Parasitic Eel-Like Fish for Better Brain Cancer Treatment

Scientists around the world have various strategies finding the potential cancer cure or come up with a much better treatment regimen to help patients live longer. Researchers from Wisconsin and Texas recently published a...

HIV/AIDS Cure News: 50,000 Individuals Consume ‘Miracle Cure’ That’s Really Industrial Bleach Distributed in Uganda by US Pastor

Around 50,000 people in Uganda were allegedly convinced by an American pastor to consume a so-called miracle cure for HIV/AIDS. The problem is the said substance was already flagged down by the United States Food and Drug...

HIV/AIDS Cure 2019: Scientists May Have Found a Way to End HIV Transmission

Apart from finding a complete cure for HIV/AIDS, another important aspect of tackling the epidemic is looking for an effective way to stop its transmission. Scientists may have made a great discovery in that area. A...

Cancer Cure 2019: Researchers Focus on Helping Patients Live Longer

The world has yet to find a complete cure for cancer. But scientists are continuously working in developing and improving treatment strategies. A leading research institute for cancer recently announced a new and...

Cancer Cure 2019: Potentially Effective Vaccine Can Teach Immune System to Heal Tumors

Finding the cure for cancer also requires scientists and researchers to find various strategies on how to heal or destroy cancer cells and tumors. A recently published study offers an interesting approach as it revealed...

Technology

OnePlus 8 Release Date, Specs: What Could be the Features in the 2020 Flagship Smartphone?

OnePlus 8 is expected to be OnePlus next flagship smartphone. It might not be released until 2020 that means there is plenty of time for the company to develop new features for the anticipated device. It is...

Android Q Release Date, New Features: Full Version Arrives in September?

Google has yet to announce what the official name of Android Q would be. But a timeline revealed earlier suggests that its first full version would be made available within the third quarter of 2019. The launch of...

GoPro Hero 8 Release Date, Rumored Features: Upcoming Action Camera to Support 8K Resolution?

The GoPro Hero 8 is another anticipated entry for the action camera series despite the ubiquitous presence of high-end smartphone that can relatively achieve the same result. Indeed, the action camera market was being...

Windows 10 Update Bugs, Latest News 2019: How to Fix Reboot Issues Caused by Latest Patch Tuesday

Another Windows 10 Update has once again sent personal computers going bonkers as reported by multiple users who have been affected by the recent fiasco. While the previous problem only affected certain users running a...

Google Pixel 3A Price, Specs, Features: Device’s Camera Touted as Its Best Feature; Active Squeeze Coming in Second

The Google Pixel 3A came out on May 8, and it surprised the smartphone market through its midrange price point and impressive features. Its camera is undoubtedly the best thing about the device, performing at a level that...
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May 22 11:30 UTC Released

INM3 Money Supply

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10.5 %

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10 %

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USYr Mortgage Rate

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4.33 %

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4.4 %

January 31 00:00 UTC 686172686172m

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January 31 00:00 UTC 686172686172m

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2016 bln ARS

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January 22 19:00 UTC 697992697992m

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-1541 %

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2016 bln ARS

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January 22 19:00 UTC 697992697992m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 686172686172m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 686172686172m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 686172686172m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

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