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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

FxWirePro: WTI Crude Hammers Struggle For Momentum, Unlikely To Reverse Minor Tren – Trading & Hedging Setup

Apr 16, 2020 11:08 am UTC| Technicals

After WTI crudes price slumps to $19.29 levels which is 18-years lows, it hasnt gone anywhere from the last couple of days, the energy commodity has been oscillating around $20 - $20.50 price band. Technically, despite...

Oil in Global Economy Series

WTI Forecasts and Hedging Strategies

Mar 18, 2020 13:32 pm UTC| Research & Analysis

The prices of energy commodities have tanked considerably today, with WTI crude fell 8.68% to trade at $24.47 and Brent dropped by 4.93% trading at $.27.38 levels a barrel. A tighter capital frame on shale economics...

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...

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Economy

Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens

A major Australian pension fund is ramping up its currency hedging strategy as expectations grow that the Australian dollar is undervalued and poised to strengthen further. HESTA, one of Australias largest superannuation...

Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market

Lee Seung-heon, a leading candidate to become the next governor of the Bank of Korea (BOK), has voiced support for raising property ownership taxes as a way to curb surging home prices, while warning that a shift toward...

Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk

Most Asian currencies traded within a narrow range on Monday, reflecting cautious sentiment as investors awaited key economic data from the United States and China. The Japanese yen edged slightly higher after Japans...

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering...

UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves

Starting salaries for permanent employees in the UK recorded their strongest increase in nearly a year and a half in January, signaling early signs of stabilization in the British labor market. According to the latest...

Politics

China Overturns Death Sentence of Canadian Robert Schellenberg, Signaling Thaw in Canada-China Relations

Chinas top court has overturned the death sentence of Canadian national Robert Schellenberg, a major development in a long-running drug smuggling case that has strained diplomatic relations between Canada and China for...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

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...

Technology

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...