The Major Wildcard That Could Send Oil to $120

The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very little room on the upside for oil prices and that we will have to wait until 2018 at the …

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OPEC Deal Backfires: Saudis Lose Market Share to Iran, Iraq

Since the start of OPEC’s production cuts, oil market analysts and experts have been focusing on how US shale would respond to the relatively higher and stable oil prices, possibly eating up some of the cartel’s global market share while the cuts last. The market share war is also going on a micro level within …

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Saudi Arabia Vs. Russia: The Next Oil Price War

International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the full support of Saudi Arabia (OPEC) and Russia (non-OPEC) has brought some stabilization to the crude markets for almost half a year. The …

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Economics of the Standoff Between Turkey and the Netherlands

As the diplomatic squabble between Turkey and the Netherlands continues to fester, concerns are raised about whether — and to what extent — the tensions will harm bilateral relations, particularly in economics where the two countries have robust trade and investment connections. For Turkey, the Netherlands offers a large and expanding export market. Trade between …

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Lord Rothschild Given Control Over Greek Economy

The Financial Times has confirmed that the Rothschild family will be placed in charge of the Greek economy with immediate effect.  According to reports, Lord Rothschild will become the new economic adviser to Greece, controlling the country’s debt and negotiations with creditors. The Greek government are rushing to finalize the appointment before talks with Eurozone …

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Mafia, Guns And Clans: The Big Libyan Oil Heist

Libya’s oil production problems extend far beyond whether the forces of Tripoli or Benghazi secure ultimate control over the country: Clan-based militias are running their own smuggling operations, and their mafia reach is said to extend as far as the Coast Guard—and even into Europe. This smuggled oil is making its way into Europe, and …

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Alibaba executive chairman Jack Ma, attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017 © Ruben Sprich / Reuters

Nobody ‘Stealing’ Your Jobs, You Spend Too Much on Wars, Alibaba Founder tells US

Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. The Chinese business magnate earlier in January met with US President-elect Donald Trump, who has bemoaned the loss of American industry …

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© Aly Song / Reuters

China Connects East & West with Longest Bullet Train Line

One of the world's longest high-speed railways has started operating in China, linking the country's prosperous eastern coast to the less-developed southwest, the state Xinhua news agency has reported. https://twitter.com/PDChina/status/813935313613570048 The 2,264-kilometer Shanghai-Kunming rail line runs across the five provinces of Zhejiang, Jiangxi, Hunan, Guizhou and Yunnan. It cuts the travel time from Shanghai to …

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