Monthly Archives: October 2017

US oil & oil products exports at a record high, wiping out a decade of US oil production gains (and then some)

Posted on October 29, 2017 by rjsigmund

in lieu of a detailed review of how oil prices moved this week, i’ll just include a quick graph to show you how they moved…as you see below, US oil prices for December were up $2.33 a barrel, or about … Continue reading →

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3rd quarter GDP, September’s durable goods and new home sales

Posted on October 29, 2017 by rjsigmund

the key economic release of the past week was the 1st estimate of 3rd quarter GDP from the Bureau of Economic Analysis; other widely watched releases included the advance report on durable goods for September and the September report on … Continue reading →

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graphics for October 28

Posted on October 28, 2017 by rjsigmund

oil prices: rig count summary: crude oil output: crude oil exports: total exports:

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US oil production falls to lowest in 42 months, rig count drops most in 20 months

Posted on October 23, 2017 by rjsigmund

US oil prices were up 4 days out of 5 again this week, but still only ended 2 cents higher, while Brent, the widely quoted international oil price, was also up 4 out of 5 days and ended 58 cents … Continue reading →

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September’s industrial production, new housing construction, and existing home sales

Posted on October 22, 2017 by rjsigmund

regular reports released this past week included Industrial production and Capacity Utilization for September from the Fed, the September report on New Residential Construction from the Census Bureau, the Existing Home Sales Report for September from the National Association of … Continue reading →

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tables and graphs for October 21

Posted on October 21, 2017 by rjsigmund

rig count summary: US crude & product exports: US oil production:

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US exports record distillates as domestic shortage worsens; OPEC revises oil demand estimates higher, glut disappears

Posted on October 15, 2017 by rjsigmund

oil prices rose in 4 out of 5 trading sessions this week and ended at a 2 week high…US WTI crude for November delivery initially rose 29 cents on Monday to close at $49.58 a barrel, on indications from OPEC … Continue reading →

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September’s retail sales, consumer prices and producer price index; August’s business inventories and job openings

Posted on October 15, 2017 by rjsigmund

the key reports released this past week were Retail Sales for September and Business Sales and Inventories for August from the Census Bureau, and the September Consumer Price Index and the September Producer Price Index from the Bureau of Labor … Continue reading →

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graphs and tables for October 14th

Posted on October 12, 2017 by rjsigmund

rig count summary: OPEC production: OPEC targets: global oil output: global oil demand: OPEC output, historical graph: retail sales:

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US oil exports hit another record high as US oil continues to sell at a 12% discount

Posted on October 8, 2017 by rjsigmund

US oil prices were broadly lower this week for the first time since August, but international prices still remain 12% higher for comparative grades of oil, which has now resulted in a second week of record high US oil exports…US … Continue reading →

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