The global oil market experienced a downturn on Monday, October 14, 2024. Crude oil futures closed lower due to disappointing inflation data from China and uncertainty surrounding Beijing’s economic stimulus plans. The Organization of Petroleum Exporting Countries (OPEC) reduced its oil demand growth forecast for the remainder of 2024 and 2025. This news slightly eased […]
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Australia’s changing international strategy: balancing the U.S.-China relationship
Australia’s international strategy must consider the evolving US-China relationship and its implications, writes Michael Keating, former Secretary of the Department of Prime Minister and Cabinet in a recent article in the East Asia Forum. Australian Foreign Minister, Penny Wong, acknowledges that while the United States will remain important, it will no longer dominate Asia. Instead, […]
