Monthly Archives: June 2018

rig count summary: refinery throughput: distillate supplies: crude exports: YTD crude inventory change:

oil prices moved much higher this past week, lifted by a Friday rally that saw prices rise over 6% at one point, after OPEC announced an agreement to modestly increase their oil output in the 2nd half of this year, … Continue reading →

the only widely watched reports released over the past week were the May report on New Residential Construction from the Census Bureau and the May report on existing home sales from the National Association of Realtors (NAR)….in addition, this week … Continue reading →

rig count summary: oil prices:

oil prices ended lower for the 4th week in a row as Trump ramped up his trade wars against both our allies and against China, and as it became increasingly evident that OPEC would agree to increase oil production when … Continue reading →

major reports released during the past week included the May Consumer Price Index, the May Producer Price Index, and the May Import-Export Price Index, all released by the Bureau of Labor Statistics; the reports on Retail Sales for May and … Continue reading →

retail sales: rig count summary: gasoline consumption: distillates supply: May OPEC output: global oil supply: global oil demand:

US oil prices were again quite volatile this week, rising on threats to oil supplies, then falling when news showed supplies were more than adequate, but ultimately ending the week just a few cents below where they started, in the … Continue reading →

monthly government issued reports released this week included the Commerce Dept’s report on our International Trade in Goods and Services for April, the Full Report on Manufacturers’ Shipments, Inventories and Orders for April and the April report on Wholesale Trade, … Continue reading →

rig count summary: total oil + products inventories: