Global Oil Production More-or-less stayed constant as OPEC+ declines were met with US increases. OPEC and Russian production cuts agreed upon at the December OPEC meeting quickly came into effect while Venezuela and Libya produced well under their quotas. OPEC oil supply fell in January by the largest amount in…
Many of us have already heard the news regarding OptionSellers.com, a wealth management firm located in Tampa, FL, that lost more than $150M in customer assets in a natural gas trade. The trade in question occurred in November 2018, and involved being short call options on natural gas, and in…
Americas Economic Data for US Q4 GDP as forecasted by the Atlanta Fed ticked higher than last month to +2.6%, with strong employment and wage figures coming into play. In December, US employers added the most workers in ten months as wage gains accelerated and labor-force participation jumped. Nonfarm…
Global Oil Production Sputtered as gains in the US were offset by OPEC cuts. At the December meeting, OPEC+ reached an agreement to reduce output by 1.2 million barrels per day (mbpd) with the largest cuts from Saudi Arabia (250,000 bpd) and Russia (230,000 bpd). OPEC granted exemptions to Iran,…