Monthly Archives: August 2018

another sub par natural gas build, US oil production back at record high, refinery utilization rate highest in 17 years

oil prices rose this week for the first time in eight weeks, even as the front month contract shifted to October oil midweek, which was, at the time, priced $1.51 a barrel less than the expiring September contract…after falling $1.72 … Continue reading

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July’s durable goods, new and existing home sales

This week’s widely watched releases included the July advance report on durable goods and the July report on new home sales, both from the Census bureau, and the Existing Home Sales Report for July from the National Association of Realtors … Continue reading

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graphs and tables for August 25th

rig count summary: natural gas supplies:

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oil refining at a record pace; largest jump in US crude supplies in 17 months; record global oil output; record backlog of DUC wells, et al

oil prices ended lower for the 7th week in a row, although as we’ve explained previously, one week in that stretch was due to the switch from quoting the August oil contract to quoting the lower priced September oil contract….after … Continue reading

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July’s retail sales, industrial production, and new home construction; June’s business inventories

The past week’s key reports were the Retail Sales for July and Business Sales and Inventories for June, both from the Census bureau, the July report on Industrial Production and Capacity Utilization from the Fed, and the July report on … Continue reading

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graphs and tables for August 18th

retail sales: rig count summary: refinery throughput: official OPEC production: OPEC production, as reported: global oil supplies: global oil demand:

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seasonal natural gas supply deficit continues to deteriorate; US oil production down a second week, for real this time…

oil prices ended lower for the 6th week in a row, largely on a Wednesday selloff tied to a major escalation of the ongoing trade war between the Trump administration and China…after slipping 20 cents to $68.49 a barrel last … Continue reading

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