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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: 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...

Oil in Global Economy Series

Oil in Global Economy Series: Libya resumes production at Sahara field after militant blockade removed

Sep 07, 2017 08:42 am UTC| Commentary

According to an unnamed source in Libyas oil Industry cited by Reuters, the production is set to be resumed in Libyas largest oil field Sahara as the militant blockade of crucial pipelines ended yesterday. Last month,...

Oil in Global Economy Series

Oil in Global Economy Series: Saudi Arabia increases oil price for Asia and United States

Sep 06, 2017 12:25 pm UTC| Commentary

As Hurricane Harvey led to a skyrocketing of refinery margin in Asia, leading to greater demand for oil, Saudi Arabia increased its price of crude for Asian customers. The average profit margin for a refinery in Singapore...

Oil in Global Economy Series

Oil in Global Economy Series: Participants indicates extension possibility of OPEC deal beyond March 2018

Sep 06, 2017 09:42 am UTC| Commentary

Russian energy minister Alexander Novak said, speaking to news agency TASS that the production deal that was agreed by OPEC members and participating 11 non-OPEC members last November and received an extension until March...

Oil in Global Economy Series

Oil in Global Economy Series: Brent-WTI spread narrows as Gulf coast recovers from Harvey damage

Sep 05, 2017 11:11 am UTC| Commentary

The spread between two most widely used oil benchmarks, North American WTI and North Sea Brent is easing after it reached the highest level in 24 months thanks to the disaster caused by Hurricane Harvey last week that led...

Oil in Global Economy Series

Oil in Global Economy Series: U.S. operating oil rigs at 759 last week

Sep 04, 2017 10:14 am UTC| Commentary

Last weeks report from Baker Hughes shows that there have been no changes in the number of operating oil rigs last week. The increasing numbers of operating rigs, as well as increasing production, have been raising...

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Economy

U.S. Treasuries jump ahead of FOMC members’ speeches, September manufacturing PMI

The U.S. Treasuries jumped Friday as investors await the Federal Open Market Committee (FOMC) members George and Kaplans speech, scheduled to be held today by 13:30GMT and 17:30GMT respectively. The yield on the...

German PMI surges to 6-1/2 year high as manufacturing booms

Germanys private sector economy ended the third quarter strongly, with business activity growth accelerating to the fastest in almost six-and-a-half years, according to flash PMI survey data from IHS Markit. Improved...

RBNZ unlikely to alter monetary policy stance next week, due to election uncertainty: Westpac Research

The Reserve Bank of New Zealand (RBNZ) is expected not to alter its monetary policy stance at its meeting next week, owing to election-related uncertainties. The RBNZ has run a very consistent line on monetary policy over...

USD/INR likely to trade towards 65 level with support at 64, says Scotiabank

The USD/INR currency pair is expected to trade towards the 65 level with the 64 support, but the pair will be buffered against a sharp and persistent depreciation given the nations large foreign reserves that rose to a...

JGBs gain tracking following U.S. Treasuries after North Korea threatens hydrogen bomb attack

The Japanese government bonds gained tracking similar momentum in the U.S. counterpart after North Korean leader Kin-Jong-Un said that the North would consider the highest level of hard-line countermeasure in history...

Politics

Undocumented youth divided over how to fight back against Trump immigration clampdown

Young immigrants from across the US participated in the first act of civil disobedience by undocumented youth under the Trump administration on July 26 in Texas. After protesters sat in the street outside the state capitol...

India at 70: after the celebrations, single-party dominance menaces democracy

Seventy years ago, Jawaharlal Nehrus famous Tryst with Destiny speech not only marked Indias independence from British rule but also expressed the vision for a united, democratic, egalitarian and modern country. Not...

Can corporate America afford to walk away from President Trump?

After campaigning as the candidate best able to work with business, President Donald Trump has shown he is anything but. A stream of resignations from high-level business counsels hit a crescendo recently when Trump was...

Little prospect of regime change in Russia short of a popular uprising – and that's unlikely

Vladimir Putins power in Russia can often look unassailable. However much Western media might champion potential opponents, the president maintains a tight grip, and its easy to see why. Any successor to Putin who was not...

Warning signs of mass violence – in the US?

There are those who say that comparing President Donald Trumps rhetoric to that of Adolf Hitler is alarmist, unfair and counterproductive. And yet, there has been no dearth of such comparisons since the 2016...

Science

Scientists Create Robots The Size Of DNA Strands That Can Rearrange Molecules

Robots are great for a lot of things and can perform functions that humans would either have a hard time accomplishing or simply would not be able to do. Among the latter case is rearranging the molecules of a living...

China Signs Deal With Israel Over Lab-Grown Meat, Food For The Future

With the world facing the global crisis known as climate change, most countries are doing whatever they can to reduce carbon emissions. However, one of the biggest contributing factors to greenhouse gasses that is rarely...

How diseases can be targeted using nanotechnology – and why it's difficult

Scientists are designing materials that are a thousand times smaller than the width of a hair. Known as nanomaterials or nanoparticles, some could help treat diseases. However, the engineering of particles for...

Denmark Finally Sells Last Oil Company For $7.45 Billion

As a country committed to fighting climate change and reducing its carbon footprint, Denmark is finally selling off the last remaining oil company in the country. The oil firms were owned by A.P. Moller-Maersk A/S and the...

Trump’s Pick For NASA Head Is Not A Scientist And A Prominent Climate Change Denier

The Trump administration has proven to be incompetent in filling crucial roles with qualified people, evidenced by an anti-EPA EPA head and an anti-DOE head of DOE. Now, the president has nominated a non-scientist who is...

Technology

Amazon Planning To Sell Smart Glasses And Smart Security Camera

Amazon is currently dominating the smart assistant market with Alexa and its Echo speakers, but the online merchant giant is planning to extend its list of products to include smart glasses and smart security cameras....

Developer Calls EA ‘Corporate Monsters’ For Allegedly Trying To Destroy His Studio

Slightly Mad Studios is the company behind some truly amazing racing titles in the video game industry, including Need For Speed: Shift. The CEO of the studio Ian Bell recently had a candid conversation with YouTuber...

Resident Evil 7 Chris Redfield Revealed In New Trailer

The upcoming free downloadable content for Capcoms Resident Evil 7 game is only a few months away, and the publisher released a new trailer featuring franchise icon Chris Redfield. Since the first Resident Evil game, the...

Wall St. Hack Cause Havoc Among Lawmakers And Investors

Being the victim of a hack is never a good thing, but when the target is a top US regulator overseeing trading at Wall St., the situation becomes catastrophically more consequential. This is exactly what the U.S....

Really Big Original Xbox Controller Available For Xbox One

Gamers who have used or owned the original Xbox will remember the big, bulky Duke controller that made playing games either fun or way too much of a hassle. This peripheral is being brought back and is compatible with the...
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2017-09-22 15:30:57
0m
2017-09-22 15:30:36
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

Actual

0.0 %

Forecast

Previous

0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

Actual

143.4 %

Forecast

Previous

143.3 %

September 25 00:30 UTC 33263326m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.2 bln $

September 25 08:00 UTC 37763776m

DEIfo Business Climate*

Actual

Forecast

116.0 %

Previous

115.9 %

September 25 08:00 UTC 37763776m

DEIfo Current Conditions*

Actual

Forecast

124.8 %

Previous

124.6 %

September 25 08:00 UTC 37763776m

DEIfo Expectations*

Actual

Forecast

107.9 %

Previous

107.9 %

September 25 11:30 UTC 39863986m

TRCapacity Utilisation*

Actual

Forecast

Previous

78.8 %

September 25 11:30 UTC 39863986m

TRManufacturing Confidence*

Actual

Forecast

Previous

110.7 %

September 25 12:30 UTC 40464046m

USNational Activity Index*

Actual

Forecast

Previous

-0.01 %

September 25 13:00 UTC 40764076m

MXIGAE Econ Activity YY

Actual

Forecast

Previous

2.4 %

Close

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