OPEC Looked to Increase Production As Planned in May after producing an average of 25.3 million barrels a day (mbpd) last month, about 50,000 a day less than in March. Libya, which has managed to revive production since late last year following a truce in its internal conflict, suffered a…
During the month of April, the top 3 performing sectors were: softs (+14.58%), grains (+12.33%), and energies (+11.58%). The bottom 3 sectors were: livestock (-0.93%), interest rates (0.59%) and currencies (1.58%). Overall, all markets were green across the board. The Federal Reserve (FOMC) met on April 27th-28th to discuss monetary…
COVID-19 Operation Warp Speed and the continued efforts under the new administration allowed the US to break the 3 million doses per day in late March and even 4 million doses administered on two days in early April. 33% of the US population received at least one dose with…
OPEC+ Surprised Markets Again by increasing at their April 1st meeting, with increases of 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July. Adding to the upcoming supply, Saudi Arabia said it will unwind its voluntary 1 mbpd in…