Monthly Archives: March 2016

the reality of the crude oil glut finally caught up with the oil price rally that had been driven by rumors of an OPEC meeting with Russia this week, as oil prices fell about 5% in their first weekly loss … Continue reading →

the key report released this week was the 3rd and final estimate of 4th quarter GDP from the Bureau of Economic Analysis, released on Friday by the  Bureau of Economic Analysis…other widely watched reports released earlier in the week included … Continue reading →

oil inventories: oil production by well age: oil production, fracked vs conventional: Bakken production: 4th quarter GDP:

this week’s news is the same as last week’s news was, since we beat the two records that we headlined last week’s news with, albeit in a somewhat less spectacular fashion…US oil and gas drilling activity, which last week fell … Continue reading →

  you had to know that after there were no major releases last week, we’d get hit with a bunch of them this week…major reports released this week included Retail Sales for February and Business Sales and Inventories for January, … Continue reading →

retail sales: oil prices: gasoline demand:

well, we’ve finally done it: never before in the history of the US oil and gas industry was there so little drilling going on as there was in the week just ended…the graph above, from an article on this week’s … Continue reading →

there were just two regular agency economic reports released this week: the October report on Wholesale Trade, Sales and Inventories (pdf) from the Census Bureau, and the Consumer Credit Report for January from the Fed, which showed that overall credit … Continue reading →

shale gas production revision: US rig count: oil rig count vs price: oil rigs vs production: US vs Saudi rig count: Saudi oil production vs oil price: cap ex cuts for drillers: loans becoming more delinquent monthly: seriously delinquent mortgages … Continue reading →

oil prices have been moving up over the past few weeks and added another 10% to their prior gains this week, as traders are apparently looking past news of record inventories that would normally send prices lower, to a time … Continue reading →