Become a contributor

Bookmark Econotimes

Tue, Apr 23, 2024 08:18 PM 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

FxWirePro: WTI Plunges Below $30 Again, Hedge Expanding Coronavirus Apprehensions

Mar 16, 2020 11:45 am UTC| Research & Analysis Investing

Almost all commodity prices are vulnerable amid global slowdown caused by coronavirus, especially the global crude oil prices are plunged below $30 a barrel again. As the outbreak widens, the most severe impact on oil...

Oil in Global Economy Series

Taking US oil in a global crisis sounds good on paper, but it won't do much for Australia's energy security

Mar 12, 2020 17:24 pm UTC| Economy

The federal government this week signed a deal with the US to access their oil reserves should global supplies be disrupted and we eat into our meagre reserve. Oil security is a hot topic in Australia we consume more...

Oil in Global Economy Series

A Glimpse At Crude Oil Market Driving Forces And Trade Strategies

Jan 23, 2020 13:53 pm UTC| Research & Analysis

Commodity markets eased further this week, especially the energy complex dropped more than 5.10%, while agriculture was down 1.9%. The BCOM index declined 1.2% with losses somewhat offset by stronger industrial...

Oil in Global Economy Series

Why the US-Iran conflict isn’t driving oil prices higher – and why it probably should

Jan 18, 2020 12:10 pm UTC| Insights & Views

Assassinations, militaries on high alert, geopolitical tensions at the boil. Any one of these in Persian Gulf countries would have roiled oil prices a few years ago. Today, even in combination, they hardly register. Is...

Oil in Global Economy Series

US oil downside capped by 200- day MA, jump till $60 likely

Jan 14, 2020 12:38 pm UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen - $61.78 Kijun-Sen- $61.67 US Oil recovered slightly after the decline of more than 10% from temporary top $65.72 formed on Jan 8th, 2020. The jump mainly came on US-Iran...

Oil in Global Economy Series

Crude Oil’s Driving Forces - WTI & Brent Trading and Hedging Strategies

Jan 14, 2020 11:39 am UTC| Research & Analysis

Crude oil briefly jumped above $70/bbl (Brent) on two occasions this past week as concerns over a potential war in the Middle East, raised the spectre of widespread damage to oil supply and spare capacity. Tensions...

Oil in Global Economy Series

South Africa has huge 'green fuels' potential. But it needs to act now

Jan 10, 2020 10:28 am UTC| Insights & Views Economy

South Africa needs to seriously start thinking about shifting its energy focus. This is for two reasons. The first is that the countrys important exports coal and platinum face potential collapse with the imminent...

1 2 3 4 5 6 7 8 9 10

Economy

The idea that US interest rates will stay higher for longer is probably wrong

The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All the same, this modest...

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

Why Africa can be the beating heart of South Korea’s technology industry

Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his...

Politics

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Who will Trump pick as his running mate?

Being second in line for leadership of the most powerful country in the world is not an easy job. But for Mike Pence, vice president under Donald Trump, things were even harder than usual. As insurrectionists descended...

Science

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

New Crypto Whale Snags 237.8 Billion SHIB Following Key Shiba Inu Blockchain Announcement

Shortly after Shiba Inu announced securing $12 million for a new layer-3 blockchain project, a new whale acquired 237.8 billion SHIB, stirring the crypto community and fueling speculation about the coins future. Massive...

Crypto.com's Launch in South Korea Stalled by AML Regulatory Concerns, Postponement Announced

Crypto.com has delayed its much-anticipated launch in South Korea after an emergency inspection by local regulators revealed issues with its anti-money laundering measures, forcing the cryptocurrency exchange to reassess...

Coca-Cola, Microsoft Forge $1.1B Alliance for Cloud and AI Innovation

The Coca-Cola Company and Microsoft Corp. have joined forces in a $1.1 billion deal to leverage Microsoft Cloud and AI technologies, aiming to streamline operations and spark worldwide innovation. Strategic Partnership...

Korean Military Considers iPhone Ban, Samsung Exempt for Security Reasons

The South Korean military is considering banning iPhones from defense installations over concerns that their voice recording feature could compromise security, whereas Samsung phones are approved for use. Potential...

Shiba Inu Reveals How SHIB Army Can Earn TREAT Token in New Blockchain Ecosystem

The Shiba Inu ecosystem has outlined multiple ways for its community, the SHIB Army, to earn the upcoming TREAT token as part of their engagement with the new layer-3 blockchain, empowering users with greater participation...