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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

Why OPEC's squeeze on oil prices is getting weaker all the time

Dec 06, 2016 04:00 am UTC| Insights & Views

OPECs recent decision to cut oil production for the first time in eight years marked the return of the oil cartels favourite tactic: squeeze supply in a bid to jack up the price. Of course, this is nothing new. In 1851,...

Oil in Global Economy Series

Markets skeptical about long-term ramifications of OPEC deal

Dec 05, 2016 15:10 pm UTC| Commentary

Oil prices rallied last week after the OPEC agreed to cut output for the first time since 2008. However, investors still doubtful if the deal would help rebalance the oil markets in the long-run. Oil futures slipped on...

Oil in Global Economy Series

OPEC deal unlikely to boost oil prices in 2017 - Fitch

Dec 02, 2016 14:54 pm UTC| Commentary

Ratings agency Fitch cheered the OPEC deal but at the same time warned that it may not cause a major lift to oil prices. The agency said that prices are unlikely to move much higher than they are now, expecting them to...

Oil in Global Economy Series

The Rise and Fall of oil in popular culture

Dec 01, 2016 20:22 pm UTC| Entertainment

Oils pipelines now supply energy to every conceivable part of our personal and professional lives. Oil can take us practically anywhere on earth. Its social and cultural significance cannot be overstated since it fuels...

Oil in Global Economy Series

Oil in Global Economy Series: OPEC schedule and sticking points

Nov 30, 2016 09:41 am UTC| Commentary

OPEC members are about to start the much-awaited meeting in Vienna to discuss the production freeze deal that could see OPEC production cut by as much as 1.2 million barrels per day. The scheduled is below, OPEC...

Oil in Global Economy Series

Oil in Global Economy Series: Iran’s tit for tat proposal brings crude price down ahead of key meeting

Nov 30, 2016 06:36 am UTC| Commentary

The OPEC leaders are scheduled to hold ameeting in Vienna today, where the 14-member cartel is widely expected to deliver a deal that would see production cuts from the cartel for the first time since the Great Recession...

Oil in Global Economy Series

Vladimir Putin weighs on OPEC deal

Nov 29, 2016 10:45 am UTC| Commentary

After OPECs de-facto leader and its largest producer Saudi Arabia canceled a meeting with non-OPEC producers including Russia on Monday, and reportedly revealed its negotiating position to the world, Russian President...

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Economy

Gold Prices Rise as Hormuz Tensions Fuel Inflation Risks

Gold prices moved higher on Thursday, recovering from their lowest level since early August as renewed tensions around the Strait of Hormuz increased concerns over energy supplies and inflation. Expectations that the...

Oil Prices Rise as Gulf Hurricane and Middle East Supply Risks Mount

Oil prices climbed on Thursday as traders assessed potential supply disruptions from a strengthening storm along the U.S. Gulf Coast and persistent geopolitical tensions in the Middle East. Brent crude futures for December...

US-Led Coalition Targets Global Factory Overcapacity

Trade ministers from 12 G20 nations, the European Union and Poland have backed a US-led initiative aimed at tackling structural excess factory capacity and trade-distorting policies that contribute to global...

Mike Rogers Calls for End to US-Canada Tariff War

Michigan Republican Senate candidate Mike Rogers is calling for an immediate end to the US-Canada tariff dispute, distancing himself from President Donald Trump on another major policy issue ahead of next months election....

Bangladesh GDP Growth Accelerates to 4.6% on Industrial Rebound

Bangladeshs economy recorded a sharp acceleration in growth during the April-June quarter, supported by a strong recovery in industrial activity and steady expansion in the services sector, even as agriculture lost...

Politics

US Pressures Allies to Distance From Anti-Disinformation Conference

The US State Department urged Canada and European allies to distance themselves from an anti-disinformation conference after organizers included a panel examining whether the United States poses an information manipulation...

Hegseth Praises USS Abraham Lincoln Crew After Record Iran War Deployment

US Defense Secretary Pete Hegseth praised sailors aboard the USS Abraham Lincoln on Wednesday as the aircraft carrier completed an extended wartime deployment marked by intense combat operations and concerns over crew...

Tsai Warns of China’s Sustained Pressure on Taiwan

Former Taiwan President Tsai Ing-wen warned a U.S. audience on Wednesday that China is maintaining sustained pressure on Taiwan through military, cyber and economic activities designed to reshape the islands security...

Trump Backs Florida Golf Course as Presidential Retreat

US President Donald Trump on Wednesday endorsed a proposal to transform part of his West Palm Beach, Florida, golf course into a secure presidential retreat similar to Camp David. Its a great idea, and it will be used a...

Saudi Airport Attacks Kill Three as Yemen Fighting Escalates

Three people were killed and dozens wounded in attacks on airports in Saudi Arabia as escalating fighting between Yemens Iran-aligned Houthis and Saudi-backed government forces threatens regional aviation and key shipping...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Tencent Shares Fall as $5 Billion AI Bond Sale Weighed

Tencent Holdings (HK:0700) shares declined on Thursday following reports that the Chinese technology giant is exploring a potential offshore bond offering worth up to $5 billion to support its growing artificial...

Elon Musk Accuses Indian Telecom Giants of Blocking Starlink Launch

Elon Musk has accused powerful telecommunications companies in India of obstructing SpaceXs Starlink satellite internet launch, raising concerns about competition and regulatory barriers in one of the worlds largest...

Solidigm Taps Goldman, Morgan Stanley for $10 Billion US IPO

SK hynixs U.S. flash-memory subsidiary Solidigm has reportedly selected Goldman Sachs and Morgan Stanley as lead underwriters for a planned initial public offering that could raise around $10 billion. Bloomberg News...

Samsung Q3 Profit Hits Record High on AI Memory Demand

Samsung Electronics forecast its strongest-ever third-quarter operating profit as booming artificial intelligence demand continued to fuel sales of advanced memory chips, although earnings landed slightly below the higher...

Broadcom, Oracle and SpaceX Seek Billions in Private Debt for AI Expansion

Major artificial intelligence companies are increasingly turning to private debt markets to finance tens of billions of dollars in AI chips and data center infrastructure, as traditional funding sources struggle to keep...