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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

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...

Oil in Global Economy Series

Rumors of emergency OPEC meeting surface as oil nears $30/barrel

Jan 12, 2016 12:02 pm UTC| Commentary

Oil price today dropped to as low as $30.4/barrel and rumors started surfacing that OPEC might hold an emergency meeting over the groups strategy to reign over oil price. Lower oil price is also creating panic in stock...

Oil in Global Economy Series

WTI and Brent at twelve-year lows of slightly over $30 per barrel, expected to continue with downturn

Jan 12, 2016 11:22 am UTC| Commentary

Both Brent and WTI are at twelve-year low of slightly over $30 per barrel. Brent dropped 6% yesterday, while WTI declined 5%. Today the prices have registered a drop of over 2%. Oil prices are expected to continue with the...

Oil in Global Economy Series

Oil slips to 12-Year low, may touch $20 a Barrel as expected

Jan 12, 2016 06:44 am UTC| Commentary

Oil was traded on Tuesday near its weakest levels since 2004. Futures for WTI fell 2.39% to trade at $30.66 per barrel, while Brent futures slipped 2.51% to $31.08 per barrel. One of the reasons for downfall is strong US...

Oil in Global Economy Series

Driving forces of crude inventory - WTI slips below $33/brl to hit multi-year lows

Jan 07, 2016 12:31 pm UTC| Insights & Views

We think this is nothing but demand supply equation seems heading a rampant, as per the US department of energy, demand during end of 2015 was weaker than at any time in more than ten years, and was 9.3% down on the YoY...

Oil in Global Economy Series

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

Jan 06, 2016 13:20 pm UTC| Commentary

WTI is continuing its downward slide, as Middle East tensions failed to lead into greater crisis. Key factors at play in Crude market Middle East tensions between Iran and Saudi Arabia bearish for crude as it...

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Economy

RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens

The Reserve Bank of India (RBI) delivered a widely expected 25-basis-point cut to its key repo rate on Friday, lowering it from 5.50% to 5.25% as policymakers moved to support economic growth amid easing inflation. The...

Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike

Asian stock markets traded mixed on Friday as investors assessed contrasting signals from major central banks, while most regional indexes held steady ahead of key U.S. inflation data. Market sentiment was shaped by Indias...

Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows

Asian currencies strengthened slightly on Friday as traders grew more confident that the U.S. Federal Reserve will cut interest rates next week. The US Dollar Index slipped 0.1% in Asian hours, hovering near a one-month...

Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market

Oil prices traded mostly steady in Asia on Friday, holding on to gains from the previous session as geopolitical uncertainty and growing expectations of a U.S. Federal Reserve rate cut continued to support sentiment. As of...

BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague

Investors hoping the Bank of Japan will reveal clearer guidance on how high interest rates might rise may be disappointed, according to several former BOJ officials. Governor Kazuo Uedas recent hawkish tone has pushed...

Politics

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

Cuban authorities announced that the island is intensifying its fight against narcotics trafficking in the Caribbean, emphasizing ongoing cooperation with the U.S. Coast Guard despite heightened political tensions and an...

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

An Irish naval vessel detected as many as five drones operating close to the flight path of Ukrainian President Volodymyr Zelenskiys aircraft as he arrived in Ireland for a state visit, according to local media reports on...

Australia Progresses AUKUS Review as U.S. Affirms Strong Support

Australia is moving forward with the newly received United States review of the AUKUS nuclear-powered submarine partnership, signalling renewed confidence in the trilateral defence pact with the U.S. and the United...

Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship

The Trump administration has introduced stricter vetting measures for H-1B visa applicants, targeting professionals in highly skilled fields often recruited by major U.S. tech companies. According to an internal State...

China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai

Taiwan President Lai Ching-te has urged Chinese President Xi Jinping to direct his focus toward revitalizing Chinas weakening economy rather than pursuing territorial expansion, highlighting widening economic contrasts...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...