Tag: OPEC
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OPEC’s Output Freeze: What Has Changed Since Doha?
It’s possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it’s also possible that they are ramping up production to take the sting out of a freeze. This is a delicate balancing act that the Saudis need to play very carefully. The official chatter is that the…
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Weekly Coffee Perspective
Weather all over again One more FED official stated that the interest rate increase until the year end is expected, mentioning also that it is not a commitment and dependable on the global economy – more of the same, make the lift-off still unknown. Many economists believe a 2015 hike is possible, but a good…
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Weekly Crude oil – I’m Eating Crow
Crude oil futures have advanced 13% in the last three weeks cutting through the $100 level like a hot knife through butter lifting futures to fresh 14 month highs. I anticipated a probe of this level as seen in previous posts but I did not see this type of acceleration. I was wrong. Much of…