Monthly Archives: March 2018

rig count summary: oil prices needed to cover operating expenses: oil prices needed to drill a new well:

oil prices rose to an eight week high this week, decoupling from the prices of US stock markets, which saw their worst week in more than two years, even as the same news events impacted both…US crude for April delivery … Continue reading →

widely followed reports that were released this past week included the advance report on durable goods for February and the February report on new home sales, both from the Census bureau, and the Existing Home Sales Report for February from … Continue reading →

rig count summary: oil exports history: oil exports recent: oil products exports: oil production history: oil supplies vs 5 year average:

oil prices were heading for a modest drop this week, with both international and US prices still falling on Friday morning, when they inexplicably spiked by more than 2% just before noon, with the US price then ending Friday at … Continue reading →

major monthly reports released over the past week included the Retail Sales report for February and Business Sales and Inventories for January from the Census Bureau, the February Consumer Price Index, the February Producer Price Index and the February Import-Export … Continue reading →

rig count summary:   OPEC February output: OPEC quotas: global oil supply: global oil demand:

retail sales:

oil ended the week higher, with political developments driving prices more than any fundamental changes in oil supply or demand…that’s actually been the case for a few weeks now, starting when oil & natural gas prices crashed 10% during the … Continue reading →

in addition to the Employment Situation Summary for February from the Bureau of Labor Statistics, this week’s major releases included three reports that will input into 1st quarter GDP: the Commerce Dept report on our International Trade for January, the … Continue reading →