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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

FxWirePro: WTI Plunges Below $30 Again, Hedge Expanding Coronavirus Apprehensions

Mar 16, 2020 11:45 am UTC| Research & Analysis Investing

Almost all commodity prices are vulnerable amid global slowdown caused by coronavirus, especially the global crude oil prices are plunged below $30 a barrel again. As the outbreak widens, the most severe impact on oil...

Oil in Global Economy Series

Taking US oil in a global crisis sounds good on paper, but it won't do much for Australia's energy security

Mar 12, 2020 17:24 pm UTC| Economy

The federal government this week signed a deal with the US to access their oil reserves should global supplies be disrupted and we eat into our meagre reserve. Oil security is a hot topic in Australia we consume more...

Oil in Global Economy Series

A Glimpse At Crude Oil Market Driving Forces And Trade Strategies

Jan 23, 2020 13:53 pm UTC| Research & Analysis

Commodity markets eased further this week, especially the energy complex dropped more than 5.10%, while agriculture was down 1.9%. The BCOM index declined 1.2% with losses somewhat offset by stronger industrial...

Oil in Global Economy Series

Why the US-Iran conflict isn’t driving oil prices higher – and why it probably should

Jan 18, 2020 12:10 pm UTC| Insights & Views

Assassinations, militaries on high alert, geopolitical tensions at the boil. Any one of these in Persian Gulf countries would have roiled oil prices a few years ago. Today, even in combination, they hardly register. Is...

Oil in Global Economy Series

US oil downside capped by 200- day MA, jump till $60 likely

Jan 14, 2020 12:38 pm UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen - $61.78 Kijun-Sen- $61.67 US Oil recovered slightly after the decline of more than 10% from temporary top $65.72 formed on Jan 8th, 2020. The jump mainly came on US-Iran...

Oil in Global Economy Series

Crude Oil’s Driving Forces - WTI & Brent Trading and Hedging Strategies

Jan 14, 2020 11:39 am UTC| Research & Analysis

Crude oil briefly jumped above $70/bbl (Brent) on two occasions this past week as concerns over a potential war in the Middle East, raised the spectre of widespread damage to oil supply and spare capacity. Tensions...

Oil in Global Economy Series

South Africa has huge 'green fuels' potential. But it needs to act now

Jan 10, 2020 10:28 am UTC| Insights & Views Economy

South Africa needs to seriously start thinking about shifting its energy focus. This is for two reasons. The first is that the countrys important exports coal and platinum face potential collapse with the imminent...

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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...