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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

Chinese slowdown weighs on prevailing downtrend of Crude – Turkey/Russian geopolitical tussle fails to aid crude

Dec 01, 2015 08:51 am UTC| Commentary

The current oversupply, the lack of any prospect of a rapid improvement despite (or indeed because of) this weeks OPEC meeting, the strong US dollar and weaker economic data from China are weighing on the mood of oil...

Oil in Global Economy Series

Oil price decline continues

Nov 30, 2015 11:22 am UTC| Commentary

The geo-political tensions between Turkey and Russia were not supportive to the oil prices, which are now continuing to fall. The current supply glut, lack of prospects of rapid improvement despite OPEC meeting, strong...

Oil in Global Economy Series

Supply glut and geo-political tensions pressurizes oil

Nov 27, 2015 10:10 am UTC| Commentary

Oil prices lost some of their profits made when the week started. Brent is trading at $45 per barrel, and WTI is trading at $42 per barrel. There is an increase in the geopolitical tensions again. He assured French...

Oil in Global Economy Series

Oil prices to remain under pressure through 2016

Nov 27, 2015 04:39 am UTC| Commentary

In recent weeks, prices of West Texas Intermediate (WTI) crude oil were hovering around $USD 40 mark per barrel. There is resilience in the output of higher cost producers, pending new supply from Iran and OPEC likely...

Oil in Global Economy Series

U.S. EIA expects sharp fall in crude oil production

Nov 11, 2015 11:39 am UTC| Commentary

The International Energy Agency warned that the supply of oil could tighten in the coming years due to fall in investment, the oil market remains considerably oversupplied in the short term, as the inventory data published...

Oil in Global Economy Series

Oil in global economy series – too much inventory for so little growth

Oct 15, 2015 12:43 pm UTC| Insights & Views

Recently news of slowdown in non-OPEC oil production has been circling crude oil market as Oil Producers cartel OPEC and international energy watchdog IEA both announced that production is likely to drop this year and...

Oil in Global Economy Series

Oil in global economy series – top shale oil reserves in the world and impact

Sep 23, 2015 08:46 am UTC| Insights & Views

Shale oil production has changed the scenario of not only supply and demand but global oil politics and its bargaining power. Historically speaking, Middle East or OPEC traditionally has remained stronghold of global...

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Economy

Burger King Ordered to Compensate Injured Customer With Almost $8M Payout

Burger King is set to shell out about $8 million after the court ordered it to pay a customer who was injured at the restaurant. The burger store chains franchisee in Florida has been found guilty of negligence by the...

Nestlé Reveals New Operations Chief to Replace Retiring Magdi Batato

Nestlé SA food and drink company announced it has appointed the new companys head of operations. Effective on July 1, Stephanie Pullings Hart will be the new deputy head of operations, and she will be stationed at...

Asda Reportedly Finalizing £10B Merger Deal With EG Group

Asda is reportedly in the midst of finalizing its merger agreement with UK-based EG Group, which operates filling stations, fast-food outlets, and convenience stores. Reportedly, the deal will include more than 500 million...

Panera Brands Promotes Exec to CEO Post Amid IPO Plans

Panera Brands Inc., an American bakery-cafe chain store, revealed it has promoted one of its high-ranking executives to become its new chief executive officer. The promotion comes as the company reportedly plans for an...

Samsung To Invest ₩30 Billion in Advancing Smart Factories for SMEs

Samsung Electronics Co. will invest 30 billion won over the next three years in its Smart Factory 3.0 project which would transform SMEs manufacturing facilities into smart factories usingartificial intelligence (AI) and...

Politics

Russia-Ukraine War: Russian Troops Replaced Wagner Fighters in Bakhmut

The Ukrainian deputy defense minister said that Russian troops were replacing the Wagner fighters in the eastern city of Bakhmut, where fighting has been taking place the longest. The minister said that Russian troops were...

North Korea Media Criticizes US, South Korea, Japan Missile Warning Agreement

North Korean state media criticized the agreement made between the United States, South Korea, and Japan that would allow the three countries to share information in real-time on the isolated nations missile launches. This...

US: Biden Nominates Air Force Chief as Top General

The White House announced this week that US President Joe Biden has appointed US Air Force Chief Gen. Charles Q. Brown to serve as the next Chairman of the Joint Chiefs of Staff. Brown would become the second Black officer...

Russia-Ukraine War: Norway to Support Joint Training Programs for F-16s

Norway supports the push for joint training programs for Ukrainian pilots to fly F-16 jets. This follows the endorsement by the United States for the training programs with Ukraine, assuring that the jets will not be used...

Japan Scrambles Fighter Jets Following Incursion of Russian 'Intelligence-Gathering' Aircraft

The Japanese defense ministry said it scrambled fighter jets after a Russian intelligence-gathering aircraft was spotted flying over the Pacific Ocean and the Sea of Japan this week. This follows recent incidents,...

Science

Gravitational wave detector LIGO is back online after 3 years of upgrades – how the world's most sensitive yardstick reveals secrets of the universe

After a three-year hiatus, scientists in the U.S. have just turned on detectors capable of measuring gravitational waves - tiny ripples in space itself that travel through the universe. Unlike light waves, gravitational...

Why don't rocks burn?

While many rocks dont burn, some of them do. It depends on what the rocks are made of and thats related to how they were formed. There are three main rock types: igneous, sedimentary and metamorphic. These rocks are...

Quantum physics proposes a new way to study biology – and the results could revolutionize our understanding of how life works

Imagine using your cellphone to control the activity of your own cells to treat injuries and disease. It sounds like something from the imagination of an overly optimistic science fiction writer. But this may one day be a...

You shed DNA everywhere you go – trace samples in the water, sand and air are enough to identify who you are, raising ethical questions about privacy

Human DNA can be sequenced from small amounts of water, sand and air in the environment to potentially extract identifiable information like genetic lineage, gender, and health risks, according to our new...

Theory of everything: how progress in physics depends on asking the right questions

When I began my undergraduate physics degree (around 20 years ago), What is the theory of everything? was a question that I heard often. It was used as a label for how theoretical physicists were trying to develop a deeper...

Technology

Apple Reveals Broadcom Deal to Develop 5G Components

Apple Inc. revealed it has teamed up with Broadcom Inc. for the development of 5G radio frequency parts in the United States. The companies signed a multi-billion deal for the partnership. With the cooperation between...

Apple, Masimo Lawsuit Declared a Mistrial

What is a black box? A computer scientist explains what it means when the inner workings of AIs are hidden

For some people, the term black box brings to mind the recording devices in airplanes that are valuable for postmortem analyses if the unthinkable happens. For others it evokes small, minimally outfitted theaters. But...

AI is changing how Americans find jobs, get promoted and succeed at work

Whether we realize it or not, advancements in artificial intelligence are increasingly influencing the paths of our careers. Advancements in human capital management systems, more strategic and data-driven human...

AI is already being used in the legal system - we need to pay more attention to how we use it

Artificial intelligence (AI) has become such a part of our daily lives that its hard to avoid even if we might not recognise it. While ChatGPT and the use of algorithms in social media get lots of attention, an...

What is Bluesky and how's it different to Twitter?

Amid management changes at Twitter, discontented users are exploring an alternative social media platform called Bluesky. According to media reports, downloads of the Bluesky app surged more than 600% in...