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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

Oil in Global Economy Series: Saudi Arabia to add pressure on free riders

Mar 24, 2017 09:34 am UTC| Commentary

Hard negotiations and fierce debates are already underway on whether the OPEC/N-OPEC deal to reduce production by almost 1.8 million barrels per day should be extended or not. This Sunday the review committee comprising...

Oil in Global Economy Series

Oil in Global Economy Series: Goldman Sachs warns oversupply ahead

Mar 24, 2017 07:23 am UTC| Commentary

As investors became worried on the increased oil production in the United States along with increased drilling activity, they have pushed the oil price lower by more than 10 percent over the past few weeks. Oil price now...

Oil in Global Economy Series

Oil in Global Economy Series: Sunday semi-OPEC meeting

Mar 24, 2017 06:35 am UTC| Commentary

Some of the members of the OPEC cartel and non-OPEC countries who participated in last years production deal will hold a meeting this Sunday in Kuwait and this can be seen as a semi-final meeting before the final May...

Oil in Global Economy Series

Oil in Global Economy Series: Oil might drop further on speculative long covering

Mar 21, 2017 07:08 am UTC| Commentary

One of the biggest short-term risks for the oil price is the speculative long positions, which has been built by money managers, speculators and hedge funds in response to the OPEC and thenon-OPEC deal last November, which...

Oil in Global Economy Series

Oil in Global Economy Series: Negotiations under way as OPEC meeting nears

Mar 21, 2017 06:48 am UTC| Commentary

Negotiations are intensifying both within the OPEC and outside it to whether to extend the current oil production deal or not. The current deal involves 11 OPEC members and 10 non-OPEC countries including Russia. Saudi...

Oil in Global Economy Series

Oil in Global Economy Series: Oil under selling pressure as rig counts rise

Mar 20, 2017 09:38 am UTC| Commentary

After the inventory report released last week unexpectedly signaled a draw down, the oil price moved higher only to suffer a setback from the Baker Hughes report released at the end of last week, which showed that the...

Oil in Global Economy Series

FxWirePro: U.S. Natural gas inventory preview

Mar 16, 2017 13:22 pm UTC| Commentary

The production has declined over the course of 2016, but natural gas inventory had reached arecord high of 4 trillion cubic feet in the same year, thanks to previous two week winters, which depleted less stock. This year,...

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Economy

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Politics

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Science

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

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

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A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

Technology

China To Drive Next Rally in Bitcoin, Gold Prices: Tapiero's Bold Predictions

The prospective outlook for Chinas economy, combined with speculation of Quantitative Easing (QE) in the regions real estate industry, is expected to have an impact on Bitcoin (BTC) and gold prices and liquidity in the...

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

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