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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

Rebounding Oil Prices Boosts Seoul Stocks

Apr 24, 2020 04:14 am UTC| Economy Investing

South Korean stocks opened higher Thursday due to rebounding oil prices and an apparent slowdown in the COVID-19 pandemic. The Korea Composite Stock Price Index (KOSPI) rose 0.55 percent, to 1,906.49 in the first 15...

Oil in Global Economy Series

Malaysian inflation turns negative on sharp fall in transport costs in March, BNM likely to cut OPR by 25 bps in May

Apr 22, 2020 12:44 pm UTC| Commentary

Malaysian inflation came in negative in March owing to a sharp decline in transport costs, fallout of the recent decline in global oil prices. On a year-on-year basis, the consumer price index dropped to -0.2 percent in...

Oil in Global Economy Series

Historic Oil Crash to Further Hurt Korea's Exports, Key Industries

Apr 22, 2020 08:41 am UTC| Economy

South Koreas exports and its key industries are expected to face more hurdles due to the plummeting oil prices as a result of oversupply caused by the outbreak. Within hours, the price of US crude oil dipped from $18 a...

Oil in Global Economy Series

Global Crude (WTI & Brent) Plunges To Multi-Years Lows, Spotlight On FxWirePro’s WTI Shorts

Apr 21, 2020 11:02 am UTC| Research & Analysis

Yesterday was the historic day of trading in the global crude oil market that saw the West Texas Intermediate (WTI) price (to deliver in about a weeks time) drop below zero. At one point traders were paying more than...

Oil in Global Economy Series

FxWirePro: Crude Inventories Amid Pandemic Outbreak, Uphold WTI Short Hedge

Apr 16, 2020 12:33 pm UTC| Research & Analysis

Crude oil prices were under pressure early in the session as weak economic data weighed on sentiment. Signs of deep US recession emerged with retail sales and factory output down sharply. However, the outlook looks grim...

Oil in Global Economy Series

FxWirePro: WTI Crude Hammers Struggle For Momentum, Unlikely To Reverse Minor Tren – Trading & Hedging Setup

Apr 16, 2020 11:08 am UTC| Technicals

After WTI crudes price slumps to $19.29 levels which is 18-years lows, it hasnt gone anywhere from the last couple of days, the energy commodity has been oscillating around $20 - $20.50 price band. Technically, despite...

Oil in Global Economy Series

WTI Forecasts and Hedging Strategies

Mar 18, 2020 13:32 pm UTC| Research & Analysis

The prices of energy commodities have tanked considerably today, with WTI crude fell 8.68% to trade at $24.47 and Brent dropped by 4.93% trading at $.27.38 levels a barrel. A tighter capital frame on shale economics...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Shibarium BONE Token Set for Potential Binance Listing, Price Up by 5%

Binances recent request for project proposals has ignited the Shiba Inu community, fueling a 5% surge in BONE token price amid speculation of a potential listing. Binances New Strategy Supports Small-to-Medium...

Wendy’s Launches $3 Breakfast Deal as McDonald’s Tests Limited $5 Value Meal in June

Wendys will offer a $3 breakfast deal starting May 20, while McDonalds plans a $5 value meal for June, reflecting a strategic push to attract budget-conscious consumers amid high inflation. Wendys $3 Breakfast Deal...

Ethereum Trends Amid SEC ETH ETF Speculation and $341M Whale Purchases

Ethereum has become the top trending asset, driven by SEC ETH ETF speculation and massive whale purchases totaling $341 million in the past 24 hours. Ethereum Whales Boost Holdings by $341M as SEC ETH ETF Decision...

Analysts Suggest SEC May Reconsider Spot Ether ETF Denial Amid Market Speculation

Analysts James Seyffart and Eric Balchunas have increased the likelihood of the SEC approving a spot Ether ETF from 25% to 75%, citing new speculation about the regulators stance. ETF Analysts Increase SEC Spot Ether...

OpenAI Suspends ChatGPT Sky Voice Following Scarlett Johansson 'Her' Comparisons

OpenAI has decided to suspend its ChatGPT Sky voice after multiple users noted its resemblance to Scarlett Johanssons voice in the 2013 film Her. OpenAI Addresses Voice Similarity Concerns OpenAI says it will pause...