Become a contributor

Bookmark Econotimes

Mon, May 18, 2026 06:54 AM All times are UTC

Follow Series

Oil in Global Economy Series

©Econometrics LLC . All Rights Reserved.

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 jumps after Saudi Arabia and Russia agrees to deal extension

May 15, 2017 05:33 am UTC| Commentary

Saudi Arabias oil minister Khalid al-Falih and the Russian energy minister Alexander Novak announced on Monday that the two of the biggest oil exporters in the world have agreed that the current supply reduction deal,...

Oil in Global Economy Series

Oil in Global Economy Series: Iran wants to expand production by 3 million barrels per day

May 09, 2017 07:18 am UTC| Commentary

Iranian Oil ministrys news service, Shana reported on Monday said that Iran plans to lift its production capacity by as much as 3 million barrels per day, which will be equivalent to an 80 percent production boost. Deputy...

Oil in Global Economy Series

Oil in Global Economy Series: Kingdom’s oil minister sees deal extension beyond 2017

May 09, 2017 06:58 am UTC| Commentary

While commentaries from some of the OPEC member countries like Iran and Iraq continue to pose doubts over the possibility of an extension of the OPEC deal, Saudi Arabias oil minister Khalid-al Falih remains quite an...

Oil in Global Economy Series

FxWirePro: OPEC to drive crude price oscillation on seesaw – WTI crude ATM straddles to rescue price risks

May 08, 2017 07:52 am UTC| Insights & Views

The rules of the game for OPEC producers would clearly skew incentives to maximize output in the short term. Any subsequent negotiations would likely be based on prevailing output levels, hence the higher the better....

Oil in Global Economy Series

OPEC likely to agree to cut oil production again in May meeting

May 05, 2017 16:39 pm UTC| Commentary

The oil market is losing its faith in OPECs attempt to lower the huge supply overhang amidst falling oil prices. The road ahead to a more balanced market is expected to be bumpy, stated Nordea Bank in a research report. In...

Oil in Global Economy Series

Oil in Global Economy Series: Russia in favor of extending production cuts

May 05, 2017 08:33 am UTC| Commentary

OPEC leaders, who agreed to a production cut worth 1.2 million barrels per day in November last year are due to set a meeting on May 23rd in their to headquarter in Vienna to decide on whether to extend those cuts or not....

Oil in Global Economy Series

Oil in Global Economy Series: Reserve discoveries decline to 7-decade low in 2016

May 03, 2017 08:48 am UTC| Commentary

International Energy Agency (IEA), which is the energy watchdog of the developed markets, has been warning against supply crunches that may lead to spikes and volatilities in oil price by the end of the decade. Now, they...

21 22 23 24 25 26 27 28 29 30

Economy

Thailand Economy Grows 2.8% in Q1 2026, Beating Market Expectations

Thailands economy recorded stronger-than-expected growth in the first quarter of 2026, supported by higher government spending, rising investment, and solid export performance. Official data released Monday by the National...

Asian Currencies Slide as Iran Conflict Fuels Dollar Strength and Inflation Fears

Asian currencies weakened sharply on Monday as escalating tensions involving Iran boosted oil prices, pushed global bond yields higher, and strengthened the U.S. dollar. Investors grew increasingly concerned that rising...

Asian Stock Markets Slide as Nvidia Earnings, Oil Prices, and Middle East Tensions Weigh on Investors

Asian stock markets mostly declined on Monday as investors turned cautious ahead of Nvidias highly anticipated earnings report later this week. Weak sentiment was further pressured by rising oil prices, growing Middle East...

Singapore NODX Surges 24.5% in April on Strong AI-Driven Electronics Demand

Singapores non-oil domestic exports (NODX) jumped 24.5% in April 2026 compared to the same period last year, significantly outperforming economists expectations of 10.9% growth. The latest data released by Enterprise...

China Factory Output Growth Slows Sharply in April Amid Weak Domestic Demand

Chinas economic growth lost momentum in April 2026 as factory output, retail sales, and investment data all came in below expectations, raising fresh concerns about the countrys fragile recovery and weakening domestic...

Politics

Rick Fox Appointed to Bahamian Senate After Election Loss

Former NBA champion Rick Fox has officially joined the Bahamian Senate after being appointed by the opposition Free National Movement (FNM). The announcement came shortly after Fox failed in his campaign to secure a seat...

Trump-Backed “Rededicate 250” Event Sparks Debate Over Religion and Politics in America

A major faith-based event supported by the Trump administration drew thousands of attendees on Sunday, celebrating Americas religious heritage while also triggering criticism over church-state separation and lack of...

Samsung Faces Major Strike Threat as Union Restarts Pay Talks

Samsung Electronics and its South Korean labor union resumed government-mediated wage negotiations on Monday in an effort to prevent a large-scale strike that could disrupt the global semiconductor supply chain. The...

G7 Finance Ministers Meet in Paris Amid Global Trade and Economic Tensions

Finance ministers from the G7 nations gathered in Paris on Monday to address rising global economic tensions, supply chain risks, and critical mineral dependence as geopolitical divisions continue to challenge the groups...

Cuba Denies U.S. Drone Threat Claims Amid Rising Tensions

Cuban Foreign Minister Bruno Rodriguez has rejected accusations that Cuba is preparing military aggression against the United States, calling the allegations a fraudulent case designed to justify tougher economic sanctions...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks

Artificial intelligence startup Anthropic is preparing to discuss potential cyber vulnerabilities in the global financial system linked to its latest AI model, Mythos, with members of the Financial Stability Board (FSB),...

TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower

Shares of Vanguard International Semiconductor (TWO:5347) dropped sharply on Monday after Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to reduce its ownership stake in the chipmaker. Vanguard shares...

CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge

Changxin Memory Technologies (CXMT), Chinas leading memory chip manufacturer, expects first-half revenue to climb between 110 billion yuan and 120 billion yuan ($17.62 billion), according to its updated IPO prospectus. The...

China vs U.S. AI Race Shifts Toward Robotics and Manufacturing Power in 2026

The global competition for artificial intelligence dominance is no longer driven solely by computing power and advanced chips. A new Alpine Macro report released on May 12, 2026, argues that industrial scale, manufacturing...

Samsung Union Talks Enter Final Stage as Strike Threat Looms

Samsung Electronics and its largest labor union are set to resume critical wage negotiations on Monday as both sides race to prevent a major strike that could disrupt South Koreas economy and global semiconductor supply...