Tag: OPEC

  • OPEC’s Output Freeze: What Has Changed Since Doha?

    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…

  • Weekly Coffee Perspective

    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…

  • Weekly Crude oil – I’m Eating Crow

    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…