The Wholistic View

| Image:   G-7 leaders at a summit in August 2019| For Starters, "G-7" meaning "Group of 7" is an informal bloc of countries, made up of so-called world's seven largest advanced economies that meet annually to discuss issues such as global economic governance, international security and energy policy etc. This Forum wields considerable influence on matters concerning the international economic policy. Recently, the head of one of its member state, the U.S. President Mr Donald Trump has expressed his intention to delay its annual summit and proposed to expand its number for members. So, why has this symposium come into being and what does the future hold for it? | The Wholistic View tries to expound ( 6 Min Read )| The Group of 7(G-7) is an informal entente of seven nations namely, The United States, Canada, West Germany(now Germany), Japan, Italy, France and The United Kingdom. This group came into existence to in 1975 when leaders of six states except Canada me...

| Image:   Reuters| The Pandemic has disrupted economies worldwide, and oil is not escaping unscathed. While fluctuations in oil prices are not new, the latest tailspin sent oil companies and investors in a state of alarm. What does this mean for arguably the most important commodity in the world? The Wholistic View illustrates ( 4 Min Read ). Market forces such as Demand and Supply usually determine the price of commodities but the same cannot be said for oil. The dynamics behind oil prices are often complex, with environmental and geopolitical factors at play. At the start of 2020, demand for oil around the world plunged but oil-producing countries continued to generate the commodity at a surplus.  At one point, the price for a barrel of West Texas Intermediate, the benchmark for US oil, fell to a negative -$37.63 a barrel which meant that oil producers were paying buyers to offload the commodity. For years, global oil production has been increasing steadily fuelled ...