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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

FxWirePro: President Trump’s announcement on further tax cuts likely to support S&P500

Speaking earlier this week, President Trump dropped a hint that more tax cuts in coming. According to him, his administration will be unveiling more tax cuts proposal sometime prior to November and it would be something...

U.S. Treasuries nearly flat ahead of few FOMC speeches; May meeting minutes keep yields under pressure

The U.S. Treasuries remained nearly flat Thursday in a muted trading session that witnessed data of little economic significance. However, the hawkish FOMC May meeting minutes kept yields under control, skewed to the...

UK gilts slump after April retail sales surpass market expectations; investors eye BoE Governor Carney’s speech

The UK gilts slumped Tuesday after the countrys retail sales for the month of April beat market expectations as well as rebounding from the last release in March. Investors will now be focussing on the Bank of England...

German bunds suffer after Q1 GDP remains unchanged; eyes on ECB’s account of monetary policy meeting

The German bunds suffered during European session Thursday after the countrys gross domestic product (GDP) for the first quarter of this year, released early today, remained unchanged. Investors will now be focusing on the...

New Zealand’s April trade surplus remains stronger than market expectations; NZD/USD trades tad higher

New Zealands April trade surplus of NZD263 million was stronger than expected with broad-based strength across most sectors.By market, the Great China region was again influential, but there remains broader based support...

Politics

The first terrorist act in Indonesian prison: the triggers and how to prevent them

Indonesia witnessed another terrorist act last week. But, this time, it occurred in a maximum-security detention centre located at the polices Mobile Brigade headquarters in Depok, West Java. More than 150 terrorist...

Would America vote for Oprah for president?

America has had a black president. Is the country ready for a black president who is also a woman? Speculation about the candidacy of Oprah Winfrey makes clear that some voters think so. Granted, Winfrey says she...

Lawyers keep secrets locked up – so they get asked to do the dirty work

Lawyers seem to at the center of lot of scandals lately. President Donald Trumps personal lawyer, Michael Cohen, whose office and hotel were raided by the FBI, is only the latest example. Harvey Weinsteins law firm...

Rise of cryptocurrencies could curb American power

There has been a lot of talk in foreign policy circles of the coming post-American world in which the international system will transition from a unipolar to a multipolar system. But, as we currently stand, the US remains...

Debate: On secularism in the 21st century

In January 2018 the French commemorated the Charlie Hebdo attacks that occurred three years earlier. The expression of American solidarity then toward the victims in France was quick and unwavering just as it was in the...

Science

Scientists Just Found A Black Hole That Is Eating Everything In Its Path

Black holes are some of the most terrifying subjects in the realm of science. Not only do they offer a glimpse into the raw power that is present in the universe, they also invoke undefinable terror in those who imagine...

Salt Could Prevent Hearing Loss After An Explosion

In movies, whenever a bomb goes off or an explosion occurs, there is that iconic moment where sounds are muffled and there is a high-pitched ring that pervades the whole scene. While films can go over-the-top with regards...

Scientists Want To Make Dogs Live Longer

Dogs are some of the most endearing creatures on the planet and one of the most tragic things about them is their short lives, at least when compared to humans. Depending on the breed, they can live from 7 to 15 years, on...

700,000-Year-Old Find Proves Early Humans Settled The Philippines Longer Than Previously Thought

Archeologists recently made a monumental discovery in the Philippines that pushes back the earliest period of human settlement in the region that was previously thought by over 600,000 years. Rhino bones and tools that...

States Sue EPA Over Rollbacks Of Environmental Protection Regulations

The Trump administration might not believe in climate change and could not care less about the environment, but the rest of the US does. This is why 18 states so far are now suing the Environmental Protection Agency for...

Technology

Report: Apple Settles With Volkswagen For Electric Self-Driving Cars Project

While Apple stays mum about their plans in producing electric self-driving vehicles, there have been several reports indicating that the Cupertino-based tech giant is not abandoning its efforts on this field. Most...

Scary Malware 'VPNFilter' Infects Over 500,000 Routers Worldwide

A new and scary malware, now dubbed as VPNFilter, has been recently discovered and has infected more than 500,000 routers in at least 50 countries around the world. Ciscos Talos Intelligence Group had been investigating...

The Pros and Cons of Blockchain in the Energy Industry

Since its introduction to the mainstream market, Blockchain has disrupted a lot of sectors. From financial, insurance, and shipping industry to government agencies and even the cattle market, the technology has varying...

'Battlefield V' Developers Confirm There Will Be No Loot Boxes

Developers of the upcoming first-person shooter video game Battlefield V confirmed they are not going to release in-game loot boxes. The announcement and big reveal of Battlefield V is one of the most talked-about...

Blockchain Can Ease the Process of Immigration: Tim Draper

Prominent investor Tim Draper has predicted that Bitcoins impact on humanity will surpass staggering milestones in the past such as the Iron Age, Renaissance, and the Industrial Revolution. In a recent statement, he said...
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May 24 15:00 UTC Released

USKC Fed Manufacturing

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41 Mln

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33 Mln

May 24 15:00 UTC Released

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29 Bln USD

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26 Bln USD

January 31 00:00 UTC 163790163790m

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January 22 19:00 UTC 175610175610m

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-1541 %

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January 22 19:00 UTC 175610175610m

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-1541 %

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 163790163790m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 163790163790m

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2016 bln ARS

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