200 Million More on The Way

President Biden announced Tuesday evening that the United States is aiming to purchase an additional 200 million does of COVID-19 vaccines. Securing these supplemental doses would be enough to inoculate most Americans by the end of the summer. The Biden Administration will purchase 100 million doses of each of the two current vaccines on the […]

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Positive News For Oil Futures

The oil market received positive news on Thursday as oil futures for Brent and WTI Crude rallied for the first time since the oil price crash in early March, all fueled by the positive news of vaccine approval in Canada and the United Kingdom. Brent Crude hit $50 per barrel, while WTI Crude was trading […]

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From Bad to Worse in Venezuela

The oil industry of Venezuela has had a tumultuous year under sanctions from the United States, poor refining network, supply shortages as well as ongoing political and social challenges. The situation has gone from bad to worse for the once dominant member of OPEC. According to two workers at state owned oil company Petroleos de […]

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Are Changes Ahead for Gig-Economy?

On Thursday, a California appears court upheld a state order that ride sharing companies, Uber and Lyft are required to treat their drivers in California as employees instead of independent contractors. The ruling from the court comes less than two weeks before voters in the state of California will be asked to vote on Proposition […]

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A2A Is Underway

President Trump announced last week that he will be issuing a Presidential Permit for a freight railway project that will run from Alberta, Canada to Alaska, called A2A Railway. The project will cost $22 billion and will transport a variety of commodities such as oil and iron ore, as well as other container goods. The […]

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Vaccine Concerns

Earlier this month both China and Russia reported that they have developed a Covid-19 vaccine that has been clouded by doubt throughout the world since Phase III testing had not been performed. The vaccines have been developed by CanSino Biologic from China and the Gamaleya Institute in Moscow and are a modification of adenovirus type […]

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Wiped-Out

Clorox, the world’s largest cleaning products maker stated yesterday, that one of their most popular items will not be fully in stock until next year. Clorox CEO Benno Dorer, stated that the company is struggling with the massive demand increase caused by the pandemic for their top selling product, disinfecting wipes. The fact that consumers […]

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The Latest From Libya

The National Oil Corporation in Libya (NOC) is eager to reopen one of their main export hubs this week, marking the first movement from the OPEC member since oil terminals were placed under force majeure at the beginning of this year after the occupation of the Libyan National Army (LNA). As the blockade reaches into […]

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Gold For Oil

The country of Venezuela has battled through tumultuous times under United States sanctions, a poor refining network has caused gasoline shortages as well as political and social upheaval. Another country that has also been under similar scrutiny and sanctions from the United States for comparison is Iran.  Over the past month, Iran has sent dozens […]

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Kingpin

On Monday, Venezuelan President Nicholas Maduro appointed his economy vice president, Tareck El Aissami as his new oil minister.  El Aissami’s appointment comes at a time where the country has been dealing with hyperinflation, declining oil production, shortages on basic goods and sanctions from the United States.  As if things could not get any more […]

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