Monthly Archives: February 2017

oil again traded in a narrow price range this week, ending about 1.0% higher at $53.99, although such a week over week comparison really shouldn’t be made, because this week’s prices were for April delivery, while last week’s price quotes … Continue reading →

the only two widely watched reports that were released this past week were the January report on new home sales from the Census bureau and the Existing Home Sales Report for January from the National Association of Realtors (NAR)…we also … Continue reading →

refinery throughput: rig count summary: 2016 natural gas import increases: natural gas imports and exports:

oil contracts once again traded in a narrow price range this week, sliding by 90 cents a barrel to $52.93 a barrel on Monday, and then gradually clawing more than half of that drop back to end the week at … Continue reading →

this week brought us a half dozen of the regular monthly agency reports, including the Retail Sales report for January and Business Sales and Inventories for December from the Census Bureau, the January Producer Price Index and the January Consumer … Continue reading →

oil prices: natural gas prices: rig count summary: US crude exports:   US gasoline supplies: US oil supplies: official OPEC output: reported OPEC output: graphed OPEC output world oil supply: forecast global demand: retail sales:

in case you haven’t heard, the Army Corps of Engineers reneged on its commitment to conduct a thorough environmental review of the Dakota Access pipeline, approved the final easement needed to complete the pipeline, and granted the permit that will … Continue reading →

the key economic release of the past week was the December report on our International Trade from the Census Bureau…the Census also released the Wholesale Trade, Sales and Inventories report for December this week, while the Bureau of Labor Statistics … Continue reading →

rig count summary: OPEC output via the IEA: OPEC output via Platts: EIA crude oil supplies: crude supplies by year: total stocks by year:

US oil contracts continued to trade in a narrow price range this week, as OPEC production cuts seemed to be holding but market participants continued to worry about the ongoing U.S. drilling recovery…after closing last week at $53.16 a barrel, … Continue reading →