Monthly Archives: January 2018

oil prices at 37 month high, oil supplies at 34 month low, natural gas prices at a 12 month high, gas supplies at a record low for the date

oil prices rose to a 37 month high this week, in a strong rally underpinned by a tumbling US dollar, which makes internationally traded commodities more expensive in our currency than in the currencies of other countries…bizarrely, this week’s collapse … Continue reading

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4th quarter GDP; December durable goods, new home sales, existing home sales

the key economic release of the past week was the 1st estimate of 4th quarter GDP from the Bureau of Economic Analysis; other widely watched releases included the advance report on durable goods for December and the December report on … Continue reading

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tables and graphs for January 27th

rig count summary: oil prices: natural gas prices: historical natural gas supplies: 4th quarter GDP:

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distillates (heat oil) use at a record high, US & global crude supplies continue to drop..

oil prices fell for the first time in the past five weeks this week, and also fell by the most in any week since early October, but not before hitting another three year high, beating the three year high set … Continue reading

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December industrial production and new home construction

the only major reports released this week were the December report on Industrial Production and Capacity Utilization from the Fed, and the November report on New Residential Construction, from the Census Bureau… the week also saw the release of the … Continue reading

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graphs and tables for January 20th

rig count summary: daily heating degree days: cumulative heating degree days: OPEC output, secondary sources: OPEC quotas via Platts: historical OPEC production graph: OPEC + global oil supply: global oil demand:

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one cold snap burns 11.5% of US natural gas supplies; 8 more weeks like that and our gas storage will be totally empty

the cold week that we saw at the beginning of this month set quite an amazing record for US natural gas supplies, and put an exclamation point on our concerns about the natural gas that we’re exporting…in the first week … Continue reading

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