Restaurants prepare a lot of food which means that they tend to use a lot of deep frying oil. For applications such as this it is better for them to consider buying in bulk to ensure that their costs are kept as low as possible without compromising on the quality of their dishes. Although there…
Read MoreThe United States (U.S.) and Jordan launched negotiations for a free trade agreement in 2000. Several reasons explain the U.S. desire to negotiate a free trade agreement with Jordan. The failed WTO Ministerial Conference in 1999 led U.S. trade officials to analyze the possibilities for a free trade agreement that would include certain provisions that…
Read MoreThe current era is characterized by the proliferation of regional trade agreements around the world. In light of the slow progress made to conclude the Doha Round of the World Trade Organization (WTO), an avalanche of bilateral and regional free trade agreements will fill in the vacuum. Arab countries have embarked upon ambitious continental integration…
Read MoreThe most noticeable element of Armenia’s economy is its robust Diaspora community. And by robust we mean there are 2-3 times the amount of Armenians abroad than those actually in Armenia. Now, it’s a twofold situation. At first glance it would appear that any country that depends on remittances, to the tune of over 16%…
Read MoreIn 2014, Saudi Arabia and the relaxation of the cartel’s oil ministers coated up their guns and fired a massive salvo. Maybe they couldn’t break the global marketplace’s new “swing manufacturer,” the USA, and its legion of nimble era-encumbered shale-oil producers. But they could absolutely knock U.S. Producers out of their roughneck boots for a…
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OIL OVERSUPPLY, COMMODITIES AND CRISIS CONTROL Economic data seems to be in a state of crisis. There are reports of oil oversupply that have been the result of several current economic factors. The Organisation of the Petroleum Exporting Countries (OPEC) met recently to discuss this growing crisis in an effort to make sense of several…
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Today oil prices briefly dropped below $78 a barrel as OPEC came out stating that producer group current supply levels were sufficient to meet winter demand. Further, they cut back their demand estimates for oil. The Organization of Petroleum Exporting Countries (OPEC), which holds over a third of world oil, stated in its monthly report…
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The petrodollar system is a complex and essential system that the world economy profoundly relies on. The system goes back to the late 1800s, when the British Empire dominated all commerce and trade. At the time, the British Pound Sterling was called the “reference currency”. This currency had to be used to acquire any commodity…
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Edible oils that have very high content of fatty acids needs to be refined before using as cooking oil. The foremost propose of refining process is removing extra fatty acids and preventing the oils from oxidation. However, the refinery process isn’t only limited to remove fatty acids, it also removes the undesired components, color and…
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India has a multi-dimensional relationship with the European Union (EU), its largest trading partner, a major source of foreign direct investment (FDI), an important source of technology, and home to a large Indian diaspora. India no longer regards the EU as a mere trading block, but as an increasingly important political action world politics with…
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