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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

Rebounding Oil Prices Boosts Seoul Stocks

Apr 24, 2020 04:14 am UTC| Economy Investing

South Korean stocks opened higher Thursday due to rebounding oil prices and an apparent slowdown in the COVID-19 pandemic. The Korea Composite Stock Price Index (KOSPI) rose 0.55 percent, to 1,906.49 in the first 15...

Oil in Global Economy Series

Malaysian inflation turns negative on sharp fall in transport costs in March, BNM likely to cut OPR by 25 bps in May

Apr 22, 2020 12:44 pm UTC| Commentary

Malaysian inflation came in negative in March owing to a sharp decline in transport costs, fallout of the recent decline in global oil prices. On a year-on-year basis, the consumer price index dropped to -0.2 percent in...

Oil in Global Economy Series

Historic Oil Crash to Further Hurt Korea's Exports, Key Industries

Apr 22, 2020 08:41 am UTC| Economy

South Koreas exports and its key industries are expected to face more hurdles due to the plummeting oil prices as a result of oversupply caused by the outbreak. Within hours, the price of US crude oil dipped from $18 a...

Oil in Global Economy Series

Global Crude (WTI & Brent) Plunges To Multi-Years Lows, Spotlight On FxWirePro’s WTI Shorts

Apr 21, 2020 11:02 am UTC| Research & Analysis

Yesterday was the historic day of trading in the global crude oil market that saw the West Texas Intermediate (WTI) price (to deliver in about a weeks time) drop below zero. At one point traders were paying more than...

Oil in Global Economy Series

FxWirePro: Crude Inventories Amid Pandemic Outbreak, Uphold WTI Short Hedge

Apr 16, 2020 12:33 pm UTC| Research & Analysis

Crude oil prices were under pressure early in the session as weak economic data weighed on sentiment. Signs of deep US recession emerged with retail sales and factory output down sharply. However, the outlook looks grim...

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...

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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

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...

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...

Technology

Kia Unveils $15,000 EV2, Spearheading Affordable Electric Vehicle Drive

Kia has unveiled the EV2, its newest addition to the electric vehicle market, priced at around $15,000. This compact SUV, seen in recent test footage, is part of Kias broader strategy to introduce a range of affordable...

Bitcoin Halving 2024 Complete: New Era for Miners and Market Speculation

Bitcoin has successfully completed its fourth halving, reducing mining rewards to 3.125 BTC per block and sparking widespread speculation about future price surges. As the crypto community eyes potential market shifts,...

Tesla Cybertruck Recall: NHTSA Flags 3,878 Units for Pedal Issue

The National Highway Traffic Safety Administration (NHTSA) has ordered a recall for Teslas Cybertruck, citing a severe pedal issue that necessitated temporarily halting deliveries to address potential safety...

ShibArmy Issues Critical Alert: No BONE Airdrops, Beware of Scams

The Shiba Inu community is on high alert as ShibArmy Scam Alerts warns against phishing emails falsely promising BONE airdrops. These fraudulent communications are designed to steal personal information and digital assets...

Michael Saylor Nets $370 Million from MicroStrategy Shares Amid Crypto Surge

Michael Saylor, the prominent bitcoin advocate and chairman of MicroStrategy, has capitalized on the companys robust stock performance this year, selling shares worth nearly $370 million. His strategic stock sales coincide...