OPEC+’s July Meeting Collapsed as UAE delegates refused to go along with plans for monthly increases without an additional allocation for themselves. As of the time of this writing after the US Independence Day holiday, there has not been an agreement nor an announcement of the next meeting date.  As…

During the month of June, the top 3 performing sectors were: energies (+8.78%), financial indices (+2.72%), and interest rates (+0.27%). The bottom 3 sectors were: softs (-7.37%), metals (-6.91%) and currencies (-0.99%). Investor sentiment remains strong as financial indices continue to post positive gains for the fifth consecutive month. According…

COVID-19   Operation Warp Speed and the continued efforts under the new administration pushed US vaccine distribution to over 50% of the total population given at least one dose with the EU at 40% and the UK at 60%. The Reuters graph to the right shows the current rates of infections…

OPEC Stuck to Production Increases for May and June, with another increase of 841,000 barrels per day (bpd) in July. Iran and the US/EU incrementally moved forward to a deal, though disagreement over nuclear enrichment after revelations that Iran already violated the current agreement by moving forward on increasing its…