June 22nd marks the next meeting of the OPEC producers to be held in Vienna. Moving into the second half of the year it is highly uncertain if a global glut has ended.
Read MoreWho Will Come In First?
And Iran, Iran So Far Away
Like an aging New Waver desperately holding onto an outdated Flock of Seagulls haircut, the European Union is straining to maintain their part of the 2015 Iran Nuclear deal. After President Trump made his announcement that the United States would be pulling out of the deal, European Union member nations decided to remain in the […]
Read MoreFasten Your Seat Belts, Profits Are Descending Down the Drain
It’s no secret that prices have sky-rocketed at the pump, but do you ever wonder how higher oil prices are affecting the travel industry, whether the mode of transportation be on land, air or sea?
Read MoreIT’S ELECTRIC?
Last year, over one million electric cars were sold around the world. There were approximately 760,000 on American roads in addition to approximately 820,000 in Europe with China leading the pack at 1.23 million. With an increasing growth of 53% since 2017, China is expected to reach 2 million by 2020 and a complete ban […]
Read MoreRetracement?
On May 22nd WTI Crude nearly reached $73 / barrel and since then prices have dipped almost 10%.
Read MoreCut and Rebalance! Cut and Rebalance! Cut and Rebalance! Wait…….let’s boost production.
Thursday marked the largest drop in the oil market since May 8th based on OPEC’s most recent rhetoric. After the United States had withdrew from the Iranian Nuclear Deal everyone has seen prices go up at the pumps and the volatility in the market is as prevalent as ever. So what has finally stalled this rallying […]
Read MoreThe Bulls Take a Pause
Trading is tepid today after bullish geopolitical news sparked weekly gains across the board. Technically, the market is extremely overbought, but the computers may be apprehensive to sell until any of the following issues are resolved.
Read MoreWithdrawing From the Nuclear Deal
On Tuesday, President Donald Trump announced to the world that the United States will be withdrawing from the Joint Comprehensive Plan of Action, commonly referred to as the Iran Nuclear Deal. This move marks a split between the US and its European allies, notably Germany and France whose leaders have been urging President Trump fix […]
Read MoreWhat is the Iran Nuclear Deal? “Deal or No Deal”
This week, President Trump will make a decision on the Iran nuclear deal. In 2015, a series of meetings were held between the Islamic Republic of Iran and a group of world powers: the United States, the United Kingdom, Russia, France, and China- plus Germany and the European Union. According to the agenda, Iran would […]
Read MoreSpring is Here
We suggested higher gasoline prices were coming along with spring…
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