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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 slip ahead of June retail sales, Fed Chair Powell’s speech

The U.S. Treasuries slipped during Tuesdays afternoon session, ahead of the countrys retail sales for the month of June and Fed Chair Jerome Powells speech, scheduled for today by 12:30GMT and 17:00GMT...

UK gilts surge despite better-than-expected growth in average wages in May; June CPI eyed

The United Kingdoms gilts surged during European trading hours Tuesday as investors turned deaf towards a stronger-than-expected growth in average wages for the month of May as participants still await the results of the...

German bunds jump after ZEW economic sentiment disappoints in July; Eurozone June CPI eyed

The German bunds jumped during European session Tuesday after the countrys ZEW economic sentiment data for the month of July, disappointed market sentiments in July, while investors still eye the eurozones consumer price...

New Zealand Q2 CPI rises by 0.6 pct, matching market expectations

New Zealands consumer price index (CPI) for the second quarter of this year rose by 0.6 percent in the June quarter, in line with what market participants had anticipated. Almost half of the increase was due to short-term...

USD/CNY likely to trade in range of 6.80-6.95 during renewed US-China trade negotiations, says Scotiabank

The USD/CNY currency pair is expected to trade in a range of 6.80-6.95 during the renewed US-China trade negotiations, which helps stabilize both domestic and regional market sentiment, according to the latest research...

Politics

Melania Trump might have requested a better prenup since 2016 election

Various White House representatives have previously assured the public that the marriage of United States President Donald Trump and First Lady Melania Trump are in good status. But rumors and insider reports keep...

Donald Trump denies being racist

To hear that United States President Donald Trump is going on a Twitter tirade, no matter what time of the day is nothing new. But his recent tweets directed at four congresswomen telling them to go back to their countries...

Why developing nuclear weapons is an unrealistic option for Australia

In his latest book, strategist and defense analyst Hugh White has gone nuclear, triggering a debate about whether Australia should develop and maintain its own nuclear arsenal. But developing and sustaining modern...

Refundable tax credits would help alleviate poverty

We have entered a new election cycle, and it appears that a discussion about tax policy will consist primarily of bickering and court challenges around the introduction of a carbon tax and the associated Climate Action...

Book reignites rumors of Melania Trump sleeping in a separate bedroom as Donald Trump

The marriage of United States first lady Melania Trump and president Donald Trump has repeatedly been the subject of several articles and stories. Some of them put the first couple in a good light while others spark...

Science

3,800 patients to test promising HIV vaccine

Several significant developments in the field of HIV/AIDS cure studies have been reported this year. Now, adding to that is an HIV vaccine entering human trials after it has been in development for more than 30...

CAR-T therapy could be the world’s first cancer cure

Numerous cancer research is taking place around the world at this moment. While some of it has already shown promising results, there remains an undeniably long work ahead before at least one of them can be officially...

Curious Kids: how does electricity work?

Curious Kids is a series for children. If you have a question youd like an expert to answer, send it to [email protected] You might also like the podcast Imagine This, a co-production between ABC KIDS...

How solar heat drives rapid melting of parts of Antarctica's largest ice shelf

The ocean that surrounds Antarctica plays a crucial role in regulating the mass balance of the continents ice cover. We now know that the thinning of ice that affects nearly a quarter of the West Antarctic Ice Sheet is...

Neuroscience and artificial intelligence can help improve each other

Despite their names, artificial intelligence technologies and their component systems, such as artificial neural networks, dont have much to do with real brain science. Im a professor of bioengineering and neurosciences...

Technology

AMD’s latest product reveals shakes computing market

2019 is looking like a great year for AMD. And with its third-generation Ryzen series slowly saturating the computing market, its expected that the company will only bring in more revenue from here. Reviews about AMDs...

GoPro Hero 8 should bring back the video + photo capture feature

The GoPro Hero 8 is expected to shake the action camera niche as the next iteration will surely bring new features that will delight users. Unfortunately, theres still no legitimate leaks that have surfaced on the web, so...

Sony sets its eyes on hardcore gamers

Sony decided to ditch this years E3 but around the same time. But the company still gained a good command in the gaming news headlines as talk about its next-generation console unofficially dubbed the PlayStation 5 ...

‘Cyberpunk 2077’ release date: Lady Gaga might be present in the game

Cyberpunk 2077 is expected to be one emotional journey for players as has been confirmed by lead quest designer Pawel Sasko. But to achieve such impact, the game will also feature heavy violence throughout its...

‘The Last Of Us Part 2’ will likely make an appearance during the next State of Play

The Last Of Us Part 2 made no appearance during this years E3. As such, its release date is still up in the air with February 2020 considered as the most likely time that the sequel will hit the shelves. Details about...
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 766408766408m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 766408766408m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 778228778228m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 766408766408m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 778228778228m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766408766408m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766408766408m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766408766408m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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