Monthly Archives: December 2016

December 31st graphics

rig count summary: gasoline exports:

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oil rigs at a 2016 high, distillates use at a 23 month high, a 6 year high drawdown of natural gas, etc

oil prices were generally higher this week on half of normal trading volume, as many traders apparently took an early holiday vacation…after closing last week at $51.90 a barrel, the contract for US oil for January delivery rose 22 cents … Continue reading

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3rd quarter GDP revision; November’s income and outlays, durable goods, new and existing home sales

despite the holiday, it’s been a pretty busy week, as it appears several of the reports that are normally released the last week of the month were accelerated into this one…that meant we got the 3rd estimate of 3rd quarter … Continue reading

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December 24th graphics

rig count summary: oil futures: natural gas prices: 3rd quarter GDP:

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review of non-OPEC oil production cuts; projections for global supply & demand; US gasoline exports hit record high, et al

oil prices remained volatile this week, as countervailing waves of avarice and anxiety about the coming Russian and OPEC led production cuts swept over the oil markets, but by the end of the week they were little changed from last … Continue reading

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November retail sales, consumer and producer prices, industrial production, & new home construction; October business inventories

major reports released this week included Retail Sales for November and Business Sales and Inventories for October from the Census Bureau, the November Import-Export Price Index, the November Producer Price Index and the November Consumer Price Index from the Bureau … Continue reading

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December 17th tables & graphs

retail sales: rig count summary: OPEC production: global production: global oil demand via OPEC: global demand via IEA: IEA demand supply balance:

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