English contents

The oil price conundrum

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Demostenes Florosabo.net

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Between ups and downs, the month of August has seen a re-balancing of oil markets, with the main qualities on a downward trend, OECD stocks dropping, and the Russians and Chinese showing their hand for their next energy moves

In August, Brent North Sea quality opened at $51.52/b and closed at $52.85/b, while West Texas Intermediate price reduced, moving from $49.03/b to $47.11/b. At the time of writing, Brent crude was quoting at $54.02/b, while WTI was trading at $49.12/b.

During the first part of the month, both the European and Asian benchmark and the American reference were quite stable. In particular, on August 9th, Brent quoted at $52.76/b because the futures related to this quality returned in backwardation, while WTI reached its monthly high at $49.81/b.

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Interview with Marxist Researchers of Chinese Academy of Social Sciences (CASS)

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Francesco Maringiò

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Through three interviews with the Cass leaders and intellectuals vital node points emerges about the discussion on the intellectual and Chinese political dimension. These points not only allow us to better decode that world and to know it deeply, but help us to bring out important questions and essential reflections, even for Western Marxists.

We present three inspiring interviews to many eminent Chinese leaders and intellectuals belonging to the Chinese Academy of Social Sciences (Cass). Two of them were realized during a long period of study in Beijing, while the third is an extract of the most significant passages of a long interview that Professor Deng Chundong released in 2015 and which was published on International Critical Thought, the Cass international magazine, published by Routledge. However, this is an unpublished essay for the Italian readers.

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A hot summer for oil

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giacimenti petrolioDemostenes Floros | abo.net

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On the one hand, there is progress, albeit slight, on crude oil prices and the strengthening of the euro against the U.S. dollar; on the other, there is America's new sanctions strategy to curtail Russian exports. The coming fall promises to be a very dynamic energy season.

In July, oil prices increased. In particular, Brent North Sea quality opened at $49.58/b and closed at $52.68/b, while West Texas Intermediate opened at $47.19/b and closed at $50.20/b. At the time of writing, Brent crude was trading at $51.74/b, while WTI was quoting at $48.94/b.

On July 7th, both the European and Asian benchmark and the American reference reached their monthly low, respectively pricing at $47.00/b and at $44.47/b as official data showed that U.S. drillers boosted production by 1% during the last week of June. In fact, after the U.S. oil extractions temporarily diminishing by 100,000 b/d to 9,250,000 b/d, they reached again 9,338,000 b/d.

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Petroleum prices: the influence of industry and geopolitics

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Demostenes Floros | abo.net

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The moderate recovery in oil barrel prices that took place during the last week in June was caused by a fall in USA oil and petrol reserves, but the trend remains depressed due to other factors, including the rise of global reserves and the increase of exports by Nigeria and Libya

In June, oil prices decreased. In particular, Brent North Sea quality opened at $50.25/b and closed at $47.90/b, while West Texas Intermediate opened at $48.18/b and closed at $46.20/b. At the time of writing, Brent crude was trading at $46.88/b, while WTI was quoting at $44.47/b in the wake of July’s first weekly data related to the U.S. production trend that shows a new rise at 9,338,000 b/d.

On June 21st, both the European and Asian benchmark and the American reference reached their 8-month low, respectively pricing $44.79/b and $42.25/b due to the following reasons:

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World Socialism Studies No. 1, 2016

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MAIN CONTENTS AND ABSTRACTS

Features

Accelerating the Development of Marxist Historiographic Theories with Chinese Characteristics and the Construction of Disciplinary Innovation System of Historiography under the Guidance of Historical Materialism
Wang Weiguang, p. 4 

In recent years, historical materialism has been seriously challenged by historical nihilism. Carrying out Chinese historiographic research under the guidance of historical materialism and criticizing and repudiating historical nihilism are the most important issues that must be solved in the development of historiography in China. To that end, we must adhere to the basic stance, viewpoints and approaches of historical materialism. As historiography possesses a distinctive ideological property, we must understand that historical materialism is a sharp weapon for Chinese historiographic research, and carry forward the excellent tradition of Marxism while adhering to the guidance of historical materialism in our research. The construction of historiography with Chinese characteristics under the guidance of Marxism requires a strong sense of social responsibility, flexible use of Marxist world outlook and methodology, as well as efforts to engage in the historiographic research for the people; it demands efforts to live up to the requirements of the times and to promote the construction of our Marxist historiographic theories and innovation of its discourse system; it needs the enhancement of the popularization of Marxist historiographic theories and the findings of our historiographic research to fight against historical nihilism.

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World Socialism Studies

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WorldSocialismStudies 1 2016 copertinaA new magazine published in China opens a new window on the World Socialism

Andrea Catone, director of the MarxVentuno magazine

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We start here the publication – in English and in Italian languages – of the abstracts of the review “World Socialism Studies”, the new magazine directed by Li Shenming, edited by the World Socialism Research Center at the Chinese Academy of Social Sciences (CASS). For several years, the World Socialism Research Center organized major international conferences, with the participation of hundreds of scholars and researchers from all over the world, on very important issues such as “The current situation and the development trend of world socialism and leftist thoughts” (2013); “Socialism Globalization, the Inevitable Outcome of Mankind” (in 2014, the year of 20th anniversary of the establishment of the World Socialism Research Center); “Colour Revolutions and Cultural Hegemony” (2015); “Marxism in the 21st Century” (2016).

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Marx in China

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marxventuno 2 3 2015 copertinaNotes on People's Republic of China today
pp. 208

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This Book was born as a double issue of the magazine “MarxVentuno”. It intends to provide – with the help of historians, philosophers, Marxist economists – some elements for documentation and study of the most populous country in the world and its extraordinary – for masses of people involved and for intensity and speed of processes – transformations.

It reconstructs the route taken after the turn of "reform and opening" in 1978; the economic and social policies adopted to tackle the big global financial crisis of 2007-2008, which led to a further powerful development; the choices of international politics, which has to deal with the "antichinese pivot" promoted by the USA. But also the lively political and ideological debate – most of which is ignored in the West, except for a small group of specialists – on the hot issues of "socialism with Chinese characteristics"; the "mixed economy", with the leading role of public enterprises; the "socialist state of law"; the battle against the historical nihilism (which would get rid of the founding fathers of modern China independent and in transition to socialism: Mao Zedong and Deng Xiaoping) and for the foundation of a new culture and a new civilization, a system of socialist values in dialectical relationship with the rich and ancient Chinese tradition.

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