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Oil in Global Economy Series

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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

Middle East tensions act as negative for Crude

Jan 06, 2016 11:51 am UTC| Commentary

Global benchmark Brent crude is down almost 4% today, falling again to discount against WTI as supply glut refuses to abate. North American benchmark WTI is down 2.5%. Brent has hit fresh 11 year low, surpassing 2009...

Oil in Global Economy Series

Oil prices rising, Investors await the fresh weekly stockpile report

Jan 06, 2016 06:41 am UTC| Commentary

US crude futures were trading slightly elevated on Wednesday, as traders await the inventory report before deciding on any major move. Futures for WTI added 0.22% to trade at $36.05 per barrel, while Brent futures gained...

Oil in Global Economy Series

Saudi Arabia raises price for Asian consumers—again

Jan 05, 2016 10:26 am UTC| Commentary

Saudi Arabias state owned company Saudi Aramco, in a statement today declared that it will be increasing its crude price for Asian consumers for its light crude cargoes, baffling analysts who gauge the nation to be locked...

Oil in Global Economy Series

Oil rallies on Geopolitical tensions, Dollar's drop

Jan 04, 2016 07:25 am UTC| Commentary

Oil prices jumped on Monday as the diplomatic rift between Saudi Arabia and Iran stoked fears of a supply disruption, while the weakening US dollar boosts demand for the commodity as well. Both crude benchmarks headed...

Oil in Global Economy Series

Oil up as Saudi Arabia severs tie with Iran

Jan 04, 2016 05:17 am UTC| Commentary

Oil moved up on first global trading day of the year as Saudi Arabia severed its diplomatic ties with Iran over weekend. Saudi Arabia, executed 47 people on Saturday for planning and carrying out terrorist attack or...

Oil in Global Economy Series

How tough is it for commodity producers – ask Anglo

Dec 24, 2015 12:20 pm UTC| Commentary

Commodity producers all over the globe are struggling to cope up with dramatic drop in prices. Companies that were considered giants, even during 2008/09 financial crisis are now crumbling. Glencore, few weeks back was hot...

Oil in Global Economy Series

Natural gas on its best weekly run since 2013/14 winter rush – time to jump?

Dec 24, 2015 11:38 am UTC| Commentary

Has winter finally arrived for natural gas? From price rally it suddenly seems so. Natural gas is on its way for its best weekly run, since 2013 winter rush. Severe winter, which was just carrying on rampaging. Price...

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Economy

US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit

U.S. stock futures fell Thursday as rising Treasury yields and higher oil prices pressured Wall Street, while investors prepared for a closely watched meeting between President Donald Trump and Chinese President Xi...

Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue

The fourth round of Mexico-US trade talks is unlikely to take place next week and could be postponed until October as both countries navigate a busy diplomatic schedule, according to a senior Mexican trade official. Luis...

Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth

Australias labour market delivered mixed signals in August as employment growth comfortably exceeded expectations, while the unemployment rate climbed to its highest level in nearly five years amid increased participation...

Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit

Asian stocks mostly declined on Thursday as surging global bond yields weighed on risk appetite, while investors awaited a closely watched meeting between U.S. President Donald Trump and Chinese President Xi Jinping....

Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets

Gold prices edged lower on Thursday, extending pressure from the previous session as rising Treasury yields, stronger oil prices and a firm U.S. dollar fueled expectations that the Federal Reserve may continue raising...

Politics

Kremlin Says No Decision Yet on Putin-Trump December Summit

The Kremlin said Thursday that Russia has not yet decided whether President Vladimir Putin will attend a December G20 meeting in Miami, where a potential summit with U.S. President Donald Trump could take place. Moscow...

OpenAI Agent Breaches Australia Medicare Data Portal

An OpenAI artificial intelligence agent gained unauthorized access to an Australian government Medicare statistics portal, prompting a federal investigation and renewed concerns about the cybersecurity risks posed by...

Taiwan Thanks US for Support Ahead of Trump-Xi Summit

Taiwans government on Thursday expressed gratitude for continued US support and said it remains in close communication with Washington as President Donald Trump prepares to meet Chinese President Xi Jinping in the US...

Netanyahu Takes Aim at Mamdani as Israel Election Nears

Israeli Prime Minister Benjamin Netanyahu is expected to use his United Nations address on Thursday to criticize New York Mayor Zohran Mamdani, as the Israeli leader faces international pressure and a closely watched...

Russian Missile and Drone Attack on Kyiv Kills Two, Damages Maternity Hospital

Russia launched a major missile and drone attack on Kyiv early Thursday, killing two people and damaging residential buildings, medical facilities and other infrastructure across the Ukrainian capital, according to...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates

BlackBerry shares climbed more than 2% in premarket trading Thursday after the cybersecurity and software company reported stronger-than-expected second-quarter results and issued an upbeat full-year revenue outlook....

Apple Extends Qualcomm Patent Licensing Deal

Qualcomm said Thursday that Apple has extended its patent-licensing agreement with the U.S. chip designer, maintaining a key part of their relationship even as the iPhone maker works to reduce its dependence on Qualcomm...

Tencent Launches TenPayGo Payment App for Foreign Tourists in China

Tencent has launched TenPayGo, a new mobile payment app designed to make digital transactions easier for international travelers visiting China, as the technology giant looks to benefit from growing inbound tourism ahead...

China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts

Chinas livestream shopping industry is entering a slower phase, but Li Jiaqi, the influential presenter known as the Lipstick King, believes artificial intelligence will complement rather than replace human hosts. Li, who...

Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup

Meta Platforms (NASDAQ: META) unveiled a palm-sized device designed specifically for its Muse artificial intelligence agent on Wednesday, alongside an expanded lineup of smart glasses and new AI capabilities. CEO Mark...