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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

Global oil inventories likely to fall by Q2 2017, says OPEC Secretary-General Mohammed Barkindo

Jan 12, 2017 14:32 pm UTC| Commentary

OPEC Secretary-General Mohammed Barkindo, speaking to reporters on the sidelines of a conference said that OPEC expects to see global oil inventories fall by the second quarter of this year in response to producers...

Oil in Global Economy Series

Oil markets snap decline following news of Saudi supply cuts

Jan 11, 2017 15:07 pm UTC| Commentary

Saudi Arabia, the worlds top oil exporter, has told some of its Asian customers that it will reduce their crude supplies slightly in February. Oil markets snapped declines and edged higher for the first time in three days...

Oil in Global Economy Series

Iraq and Kazakhstan slash oil production levels in line with OPEC deal

Jan 10, 2017 16:38 pm UTC| Commentary

Iraqs Oil Minister Jabar Ali al-Luaibi announces oil output cut of 160K bpd under OPEC production cut deal. Luaibi said that Iraq hopes to cut its output by 210kbpd by end of month, Bloomberg reported. Luaibi had...

Oil in Global Economy Series

Global transport prices set to increase following oil production cuts?

Jan 10, 2017 13:09 pm UTC| Business

After months of fits and starts, the member states of OPEC finally came to an agreement on November 30 to cut production in 2017 by more than 1 million barrels per day. According to Craig Erlam of Oanda, non-OPEC...

Oil in Global Economy Series

FxWirePro: Oil shows signs of larger correction below $50 per barrel

Jan 10, 2017 08:38 am UTC| Commentary

Despite the OPEC and N-OPEC deals last year, the oil price is struggling to sustain the rally triggered by them as the market remains concerned of both the compliance to the deal as well as increased supply from non-OPEC...

Oil in Global Economy Series

Kuwait considers larger oil output cut than required by OPEC deal

Jan 06, 2017 14:32 pm UTC| Commentary

Kuwait is considering making larger oil output cut than required by the OPEC deal, Livesquawk reports latest headlines surrounding oil markets. Kuwait has cut output by 130,000 barrels a day to about 2.75 million a day,...

Oil in Global Economy Series

Iraq initiates measures to cut crude oil output

Jan 05, 2017 15:07 pm UTC| Commentary

Iraq, OPECs second biggest producer has begun output cut measures in line with the OPEC decision reached last month. Iraqs oil minister Jabar Ali al-Luaibi confirmed on Thursday that Iraq has begun implementing measures to...

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Economy

India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations

Indias latest Union Budget placed manufacturing firmly at the center of its economic strategy, prioritizing key sectors such as semiconductors, biopharma, electronics, renewables, and capital goods. While the government...

Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry

British Prime Minister Keir Starmers recent visit to China underscores the complex balancing act Western middle powers are attempting as rivalry between Beijing and Washington intensifies. While the trip allowed China to...

U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data

U.S. stock futures edged lower on Sunday evening as investors adopted a cautious stance ahead of a busy week filled with major corporate earnings and crucial economic data. The pullback follows weakness in technology...

South Korea Factory Activity Hits 18-Month High as Export Demand Surges

South Koreas manufacturing sector showed its strongest momentum in nearly a year and a half in January, driven by a sharp rebound in export demand and improving business confidence, according to a private sector survey...

UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist

British businesses are most likely to raise employee pay by between 3% and 3.49% this year, according to a new survey, highlighting ongoing concerns for the Bank of England as it works to return inflation to its 2% target....

Politics

Peter Mandelson Resigns from Labour Party Amid Renewed Jeffrey Epstein Links

Former British government minister Peter Mandelson has resigned from Prime Minister Keir Starmers Labour Party following renewed media scrutiny over his past connections to disgraced U.S. financier Jeffrey Epstein. The...

Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns

Japans ruling Liberal Democratic Party (LDP), led by Prime Minister Sanae Takaichi, is poised for a decisive victory in the upcoming lower house election, according to a new opinion poll released by the Asahi newspaper....

U.S. Accuses Cuba of Harassing Top Diplomat Amid Rising Tensions

The United States has accused Cuba of interfering with the work of its senior diplomat in Havana after videos emerged showing small groups of Cubans verbally harassing him during visits outside the capital. The incident...

Democrats Score Surprise Texas State Senate Win, Fueling Momentum Ahead of 2026 Midterms

A Democratic candidate has won a closely watched Texas state senate special election by a double-digit margin, flipping a Republican-held seat for the first time in decades and adding to growing Democratic momentum ahead...

Trump Proposes Two-Year Shutdown of Kennedy Center Amid Ongoing Turmoil

President Donald Trump has proposed that the John F. Kennedy Memorial Center for the Performing Arts suspend all events for approximately two years, beginning July 4, as part of what he described as a major transformation...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure

Oracle has announced plans to raise between $45 billion and $50 billion in 2026 as it accelerates the expansion of its cloud infrastructure to meet surging demand from major technology and artificial intelligence clients....

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...