Commodities: Global   OPEC Oil Production Rose in March by about 0.2 million barrels per day (mbpd) to 29.1 mbpd.  The real news was announced over the first weekend in April as OPEC+ lowered the quotas by 1.6 mbpd assuming Russia adds its reduction portion to its existing 0.5 mbpd…

Ukraine:  Winter & Sanctions Impact   The Ukraine-Russia Conflict had few headlines.  The brutal winter slog continued around the city of Bakhmut and the eastern front.  More tanks were delivered to Ukraine but when and where they will be used remained speculative.  Russia also would want to fully gauge the…

During the month of March, Crypto (+18.27%) and Indices (+5.55%) were this month’s top performers. The bottom performers were Energy (-4.87%) and Softs (-2.66%). March began the same way February ended, below par. Despite the downfall of Silicon Valley Bank, the Fed announced they plan on slowing rate hikes causing…

Commodities: Global   OPEC Oil Production Rose in February led by a further recovery in Nigerian supply per Reuters.  Output rose by 0.150 million barrels per day (mbpd) to just under 29.0 mbpd, but still was below available quotas.  Russian oil export revenues were set to rise in March as…