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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 prices surprise by sudden rebound

Jan 22, 2016 12:33 pm UTC| Commentary

Despite massive oversupply of US inventory, the oil prices have soared more than $3 to $31 per barrel since yesterday afternoon. US crude oil stocks advanced nearly 4 million barrels in the previous week and are at 130...

Oil in Global Economy Series

S&P may cut oil countries' ratings to reflect 'new reality'

Jan 22, 2016 10:28 am UTC| Research & Analysis

Credit rating agency Standard Poors signalled on Friday that oil-exporting countries face fresh downgrades as crude prices fall further and that it could repeat last years move when it made a big group of cuts all at...

Oil in Global Economy Series

Saudi Aramco calls $30/barrel oil irrational

Jan 22, 2016 10:18 am UTC| Commentary

Saudi Arabia since the oil price rout has been pursuing overproduction strategy and to push prices to such extend that high cost producers are forced to get out of the market. However, situation might be getting tense even...

Oil in Global Economy Series

OPEC countries optimistic on oil market balance

Jan 21, 2016 16:20 pm UTC| Commentary

Oil prices (both Brent and WTI) have been trading below $30 a barrel. The price of oil has dipped to levels that it favors more for buyers than for sellers. The rationale being that oil producers will definitely put a cap...

Oil in Global Economy Series

Oil markets likely to remain heavily oversupplied in 1H2016

Jan 21, 2016 10:38 am UTC| Commentary

The current oil market conditions continue to deteriorate, further putting downward pressure on spot and forward prices. Oil prices declined over 5 percent today, falling below $30/bbl as U.S. economic data failed to...

Oil in Global Economy Series

Oil recovery falters, triggers renewed bout of risk-aversion

Jan 21, 2016 06:56 am UTC| Commentary

Oil prices were stable early on Thursday after hitting fresh 2003 lows in its previous session. The front-month West Texas Intermediate crude futures was trading at $28.66 per barrel at 0155 GMT, up 31 cents from its...

Oil in Global Economy Series

OPEC upgrades its outlook for world oil demand for 2016

Jan 20, 2016 21:11 pm UTC| Commentary

Weak demand and worries over the worsening global oil surplus pressured prices over the prior trading week, with both WTI and Brent hitting their fresh multi-year lows. A global crude glut and slowing demand are major...

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Economy

Why China’s economy has hit a wall

Chinas annual parliamentary meetings in Beijing came to a close on March 11. They were conducted under great pressure: a weak economy and high expectations from both the domestic public and international observers as to...

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

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Mentorship is key to improving social and economic outcomes for Black youth

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Undersea cables for Africa’s internet retrace history and leave digital gaps as they connect continents

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Politics

SpaceX Builds Spy Satellites for US; Russia Warns of Military Response

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Deepfakes are still new, but 2024 could be the year they have an impact on elections

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Political donations rules are finally in the spotlight – here’s what the government should do

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With nominations decided, Trump leads Biden in US polls

Joe Biden and Donald Trump have both secured their parties nominations for the November 5 United States general election by winning a majority of all delegates to their parties conventions, including delegates not yet...

Science

How do airplanes fly? An aerospace engineer explains the physics of flight

Airplane flight is one of the most significant technological achievements of the 20th century. The invention of the airplane allows people to travel from one side of the planet to the other in less than a day, compared...

The mystery of consciousness shows there may be a limit to what science alone can achieve

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What is minoxidil, the anti-balding hair growth treatment? Here’s what the science says

Hair loss (also known as alopecia) often affects the scalp but can occur anywhere on the body. Its very common and usually nothing to worry about; about half of Australian men show signs of visible baldness at age 50 and...

Our survey of the sky is uncovering the secrets of how planets are born

When we look out to the stars, it is typically not a yearning for the distant depths of outer space that drives us. When we are looking out there, we are truly looking back at ourselves. We try to understand our place in...

Archeoastronomy uses the rare times and places of previous total solar eclipses to help us measure history

Total solar eclipses have fascinated and terrified people for centuries. Today, we know that total solar eclipses like the upcoming eclipse on April 8 are caused by a cosmic coincidence when the moon comes between the...

Technology

Shiba Inu's Burn Rate Soars by 1,200%, BTC Eyes $80K Pre-Halving Rally

The Shiba Inu community witnesses a staggering 1,200% spike in its burn rate, fueling optimism for a bullish rally, while experts predict Bitcoin (BTC) will approach $80,000 ahead of its next halving. Shiba Inus Burn...

Take-Two Interactive Buys Gearbox Entertainment Company From Embracer

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Xiaomi Revs Up: SU7 Unveiled, Set to Outpace Tesla, BYD with Sub-500K Yuan Price Tag

As Xiaomi ventures into electric vehicles, it positions itself in Chinas competitive EV sector, focusing on pricing and market disruption. The debut of its first electric vehicle, the SU7, marks a significant move after...

Ferrari, SK On Join Forces to Develop Next-Generation Supercar Batteries

Ferrari NV, an Italian luxury sports car maker, has teamed up with SK On, a South Korean electric vehicle battery manufacturer, to produce next-generation batteries. The partners will work on producing eco-friendly...
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