OPEC+ Reached A Deal after two weeks of delay as UAE delegates initially refused to go along with plans for monthly increases without an additional allocation for themselves. In the short term, production will increase by 400,000 barrels per day, reaching 2 million barrels per day (mbpd) at the end…

During the month of July, the top 3 performing sectors were: softs (+3.13%), financials (+2.09%), and energies (+1.23%). The bottom 3 sectors were: grains (-1.25%), metals (-0.40%) and currencies (-0.13%). Vaccination numbers look like they are beginning to plateau and the Delta variant spreads like wildfire breaking February 2021 highs…

COVID-19   Operation Warp Speed and the continued efforts under the new administration pushed US vaccine distribution to over 55% of the total population given at least one dose with the EU just behind at 53% with China claiming 48% and India 22%. While the Delta variant gets many breathless…

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…