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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

Crude oil benchmarks buoyed by biggest inventory drawdown of this century

Sep 08, 2016 07:48 am UTC| Commentary

Both of the crude oil benchmarks found respite last night after data released from American petroleum Institute (API) showed the biggest inventory drawdown of the 21st century. Crude oil inventories declined by 12 million...

Oil in Global Economy Series

Oil market awaits EIA report

Sep 07, 2016 13:31 pm UTC| Commentary

WTI is struggling to make a directional move, being trapped by the force of both bulls and the bears. While the possibility of a production freeze agreement is providing support to crude benchmarks along with aweaker...

Oil in Global Economy Series

We really must talk about gas

Sep 07, 2016 10:46 am UTC| Insights & Views

The European Commissions latest Quarterly report on electricity markets makes sobering reading down under. Over the last year wholesale electricity prices have been falling just about everywhere across the developed...

Oil in Global Economy Series

Oil in Global Economy Series: Russia rules out cooperation with OPEC

Aug 31, 2016 11:27 am UTC| Commentary

The embarrassing failure of the Doha talks in April still weighing over oil politics. Both OPEC and non-OPEC producers met in Doha with the hope that there could be global coordination on oil production but Saudi Arabias...

Oil in Global Economy Series

Oil in Global Economy Series: Saudi strategy bears fruit for Middle East

Aug 31, 2016 11:27 am UTC| Commentary

Saudi Arabias strategy to keep production high despite declining oil price to push the high cost producers out of the market and force an automatic market-driven adjustment that seems tohave worked. The strategy was also...

Oil in Global Economy Series

Oil in Global Economy Series: Strategic reserves in China and impact on price

Aug 31, 2016 09:10 am UTC| Commentary

An excellent article came from Bloomberg today that has touched upon the mystery of the Chinese excess crude, which possibly s being used to build the strategic crude oil reserve. Worlds second-biggest consumer of crude...

Oil in Global Economy Series

Estimating the 'cost' of fuel tax credits is a tricky business

Aug 29, 2016 07:42 am UTC| Insights & Views Law Economy

In calling for an end to fossil fuel subsidies, critics of Australias fuel tax credits system have highlighted its cost to Australian taxpayers and the budget bottom line. The Greens have said that ending fossil fuel...

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Economy

Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors

Asian share markets opened the week on a cautious note, largely tracking weaker Wall Street futures, as extreme volatility in silver prices and a packed global economic calendar unsettled investors. The sharp moves in...

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...

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

Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand

Nvidia CEO Jensen Huang praised and gently pushed Taiwans leading technology suppliers to ramp up production, highlighting the intense global demand for artificial intelligence hardware during a high-profile visit to the...

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...