Become a contributor

Bookmark Econotimes

Fri, Apr 19, 2024 01:21 AM 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.

China Crisis Series

Oil in Global Economy Series

Lower oil price—double edged sword for China

Jan 15, 2016 06:43 am UTC| Commentary

Lower oil price is supposed to be a boost for China, since it is a net importer of oil. While this assumption holds true in theory, in reality might be acting as double edged sword for China. December trade report...

Oil in Global Economy Series

Oil back in red today, set to book weekly loss

Jan 15, 2016 06:26 am UTC| Commentary

The recent rebound in oil prices seems fragile as the commodity returned to steep losses on Friday, with supply staying high and demand remaining weak. Futures for WTI dropped 2.05% to trade at $30.56 per barrel, while...

Oil in Global Economy Series

US crude oil production likely to fall to 8.3 million barrels per day

Jan 14, 2016 22:18 pm UTC| Commentary

According to the latest EIA forecast for US crude oil, production is expected to fall to 8.3 million barrels per day by September, which would constitute a 900,000 barrel per day decrease as compared with the current...

Oil in Global Economy Series

API reports deficit, while WTI awaits EIA report – calls updated

Jan 13, 2016 12:55 pm UTC| Commentary

WTI dropped below $30/barrel momentarily yesterday as supply glut refuses to subside. Its however up today for the first time this year Key factors at play in Crude market Middle East tensions between Iran and...

Oil in Global Economy Series

Oil bites big in US oil producing states’ tax revenue

Jan 13, 2016 09:55 am UTC| Commentary

Drop in oil price is taking big bites in US tax revenue, mainly in oil producing states, according to latest report from Energy Information Administration (EIA). While drop in oil tax isnt big for overall United States,...

Oil in Global Economy Series

Is oil set to recover from 7 days decline?

Jan 13, 2016 08:26 am UTC| Commentary

Oil this year so far has declined in each of the trading day, wiping out a fifth of its value. However today price seems to be on the way to stage a recovery, at least a pause. WTI is currently trading at $30.8/barrel, up...

Oil in Global Economy Series

Investment banks cut oil forecast as oil dips below $30/barrel

Jan 13, 2016 05:54 am UTC| Commentary

As North American benchmark, West Texas Intermediate (WTI) dropped below $30/barrel last night, for first time in 12 years, analysts and investment banks rushed to cut their forecast for the year. It hasnt been two weeks...

51 52 53 54 55 56 57 58 59 60

Economy

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...

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...

A sustainable future begins at ground level

In 2015, the United Nations adopted the Sustainable Development Goals (SDGs) as a call to action in global partnership. By 2023 it appears that our progress has been far from satisfactory in achieving these...

Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

In February 2024, African heads of states adopted a draft protocol to regulate digital trade within the continent. This significant yet challenging course for Africas digital economy fits into the broader trade agreement,...

Politics

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...

US and Japan Boost AI, Semiconductor Alliance; EU Eyes Reduction in China Dependence

Japan and the United States are poised to deepen ties in the high-tech sector, signaling a strategic move to enhance their global partnership with a focus on artificial intelligence and semiconductor...

US Finalizes Ban List for Chinese Chipmakers; Boosts Mexico Semiconductor Ties

The United States is finalizing a list of Chinese chip factories banned from receiving vital technology, aiming to curb Beijings tech advancements amid national security concerns. Concurrently, a US-Mexico semiconductor...

Science

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...

An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses

Many people in the U.S. will have an opportunity to witness nearly four minutes of a total solar eclipse on Monday, April 8, 2024, as it moves from southern Texas to Maine. But in the U.S., over 7 million people are blind...

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

The progress of science in the last 400 years is mind-blowing. Who would have thought wed be able to trace the history of our universe to its origins 14 billion years ago? Science has increased the length and the quality...

Technology

Samsung's Exynos 2500 Rumored to Eclipse Snapdragon 8 Gen 4 in Power Efficiency With 3nm SoC

Samsung is reportedly preparing to equip the Galaxy S25 series with the Exynos 2500, a chipset that utilizes 3nm technology and may perform better than Qualcomms Snapdragon 8 Gen 4. For the next Galaxy S25 series,...

Shibarium Soars 160% as Key Metric Rebounds, Signaling Recovery

Shibarium, Shiba Inus blockchain solution, has surged by an impressive 160% in just 24 hours, marking a notable recovery in vital metrics. This surge follows a recent decline in transaction volume, indicating a swift...

Robotic Baristas Serve Coffee and Crypto at Dubai's Token2049 Event

Visitors experienced the future firsthand as blockchain-powered robots served coffee and offered cryptocurrency rewards at Token2049, showcasing a new level of automation and digital incentives. Blockchain-Powered...

Shiba Inu Team Member Sounds Alarm, Calls for Immediate Action Against Scams

A Shiba Inu team member, Lucie, has issued an urgent warning to the SHIB community about increasing scam activities within the crypto space, urging investors to stay vigilant and cautious. Shiba Inu Team Alerts...

MEW Coin Eyes Recovery with New Bybit Listing, Sparks Investor Interest

Bybit, a leading global crypto exchange, has announced the upcoming listing of the Solana-based meme coin MEW, sparking investors hopes for a potential price recovery. Bybit Announces MEW Token Listing, Igniting Hope...