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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

JGB yields fly at close as investors shy away from safe-haven assets in run-up to G-20 Summit

The Japanese government bond yields close on a higher note Thursday as investors continued to stay away from safe-haven instruments in the run-up to the G-20 Summit starting Friday, where the United States and China are...

Australian bonds plunge tracking U.S. Treasuries on hopes of trade deal ahead of G-20 Summit

Australian government bonds plunged during Asian trading session Thursday tracking a similar movement in the United States Treasuries on hopes of a trade deal with China in the upcoming G-20 Summit in Osaka, Japan,...

U.S. Treasuries plunge ahead of 5-year auction, FOMC member Daly’s speech

The U.S. Treasuries plunged during Wednesdays afternoon session, ahead of a busy day for economic data that brings the advance goods trade and inventories figures for May, as well as durable goods orders data for the same...

German bunds suffer as investors await eurozone’s June consumer price inflation data

The German bunds suffered during European trading session Wednesday ahead of the countrys and eurozones consumer price inflation (CPI) data for the month of June, scheduled to be released on June 27 and 28 by 12:00GMT and...

USD/CNY likely to hit 6.90 mark; not much volatility seen ahead of G-20 meeting, says Commerzbank

The USD/CNY currency pair is expected to hit the 6.90 mark, although not much of a volatility is likely to be seen ahead of the G20 meeting in Osaka, Japan, according to the latest research report from Commerzbank. It...

Politics

Vladimir Putin: Is the Russian President a Fan of Vlogs?

People all over the world have found a new form of entertainment that is freely accessible on the internet vlogs. And in recent QA session with Russian President Vladimir Putin, it was revealed whether he is also a fan of...

Melania Trump, Ivanka Trump: Michael Wolff Book Claims Donald Trump’s Favorite Child Isn’t a Fan of His Wife

There have been several books and articles published about the relationship of the United States First Lady Melania Trump with her step-daughter Ivanka Trump. Now, Michael Wolffs latest book Siege: Trump Under Fire claims...

Donald Trump Signs New Sanctions Aimed at Iran Supreme Leader and Other Iranian Officials

Iran and the United States have been going back and forth for the last few months. Now, the latter has retaliated as President Donald Trump signed on Monday a new set of sanctions aimed explicitly at Irans high-ranking...

CAR: a society without authority, where children's schooling suffers

The news from the Central African Republic (CAR) is rarely good. The country has been involved in an on-and-off war for at least 20 years. It has been rated as having the lowest human development in the world. It is also...

Final 2019 election results: education divide explains the Coalition's upset victory

At the May 18 election, the size of the lower house was expanded from 150 to 151 seats. The Coalition parties won 77 seats (up one since the 2016 election), Labor 68 (down one) and the crossbench six (up one). The...

Science

Marijuana News: Will New York Follow Illinois in Legalizing Recreational Use of Cannabis?

Illinois Gov. J.B. Pritzker just signed a law on Tuesday that makes the recreational use of marijuana legal taking effect on the first day of 2020. This makes Illinois the 11th state in the United States to do so, and...

Cancer Cure 2019: Immunotherapy Drug Under Research Shows Promising Result for Lung Cancer Patients

Finding the complete cure for cancer remains a Herculean task for many researchers around the world. And while that has yet to be achieved, other groups of scientists are working on the next best thing developing...

Black plastic can't be recycled – but we've just found a way to use the carbon in renewable energy

The big problem with plastics is that though they last for a very long time, most are thrown away after only one use. Since plastics were invented in the 1950s, about 8,300m metric tonnes (Mt) have been made, but over half...

Meet the naked mole-rat: impervious to pain and cancer, and lives ten times longer than it should

The naked mole-rat is perhaps one of the most bizarre beasts on the planet. At first glance, it looks like little more than a cocktail sausage with legs and teeth. But beneath its wrinkly pink skin, this creatures strange...

Marijuana News: China Blames Increase in Cannabis Trafficking in Canada, U.S.

Last year, Canada became the second country to legalize the recreational use of Marijuana. Meanwhile, more states in America are doing the same with others eyeing to follow suit in the near future. Now, China claims they...

Technology

GoPro Hero 8 Release Date: What Improvements Should the Eight Entry Focus On?

Theres still no word about GoPro Hero 8 and the features that it will have once it hits the market. Where the smartphone ecosystem mostly experiences a plethora of leaks from reliable sources, the action camera niche isnt...

Microsoft Surface Book 3 Specs, Price, Release Date Details; Foldable Laptop Described as An Option for Gamers

Microsoft Surface Book 3 is anticipated to be thinner and come with a minimalistic design. It is also expected to improve some of its parts and features for better and provide more convenience to the users. In...

AMD Radeon 5700 XT Release Date, Latest News: Team Red Eyeing to Dominate High-End Mid-Range Market

The AMD Radeon 5700 XT is slated to dominate the high-end mid-range market as team red is set to take on NVidias GeForce RTX 2070. The price difference between both GPUS is $50, with the 5700 XT performing shoulder to...

‘Cyberpunk 2077’ Release Date, Latest News: Mission Lengths, Depth Explain by Lead Quest Designer

From character builds and how to approach Cyberpunk 2077 to the depths of quests and how long theyre going to last. What makes this particular interview exciting is that Sakso revealed that he worked on the Bloody Baron...

‘GTA 6’ Release Date: Take-Two CEO Strauss Zelnick Hints Next Entry Might Come Out in 2020

With all the rumors involving GTA 6, theres still no substantial evidence when the title will hit the market. However, recent statements from Take-Two CEO Strauss Zelnick may have hinted that the title might not be too far...
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June 27 09:00 UTC Released

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