Monthly Archives: March 2019

first quarter oil prices rise most in 10 years; first quarter rig count drops most in 3 years

Posted on March 31, 2019 by rjsigmund

oil prices rose for a 4th straight week despite a Trump attempt to drive them lower this past week and thus ended March with the largest quarterly price increase since 2009…after rising just 0.4% to $59.04 a barrel last week, … Continue reading →

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4th quarter GDP revision; February’s income and outlays, housing starts and new home sales; January’s trade deficit

Posted on March 31, 2019 by rjsigmund

The key economic releases from the Bureau of Economic Analysis this week included what they are still calling “the 3rd estimate” of 4th quarter GDP, even though the 1st estimate was cancelled, and the February report on Personal Income and … Continue reading →

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graphics and tables for March 30th

Posted on March 30, 2019 by rjsigmund

rig count summary: oil prices: natural gas consumption:

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DUC well backlog falls to 6.5 months on jump in completions; oil supplies see largest draw since July

Posted on March 25, 2019 by rjsigmund

after rising to a 4 month high midweek on the largest drop in US crude supplies since July, oil prices ended the week little changed after renewed fears of economic weakness knocked prices back…after ending last week 4.4% higher at … Continue reading →

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January’s factory inventories and wholesale sales: February’s existing home sales

Posted on March 24, 2019 by rjsigmund

This week’s major releases included two delayed reports that will provide inputs into 1st quarter GDP: the Full Report on Manufacturers’ Shipments, Inventories and Orders for January and the January report on Wholesale Trade, Sales and Inventories, both from the … Continue reading →

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tables and graphs for March 23rd

Posted on March 23, 2019 by rjsigmund

rig count summary: natural gas storage changes:

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largest March natural gas draw on record cuts supplies to 34% below normal; global oil surplus persists despite OPEC cuts

Posted on March 18, 2019 by rjsigmund

oil prices rose to a four month high before pulling back a bit this past week, as repeated power outages in Venezuela cut their oil exports to zero and the EIA reported a surprise drop in US crude supplies….after ending … Continue reading →

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February’s consumer and producer prices and industrial production; January’s retail sales, construction spending, durable goods, new home sales & JOLTS; December’s business inventories

Posted on March 17, 2019 by rjsigmund

Monthly economic reports that were released on their regular schedule over the past week included the February Consumer Price Index, the February Producer Price Index and the February Import-Export Price Index from the Bureau of Labor Statistics (BLS),  and the … Continue reading →

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tables and graphics for March 16th

Posted on March 11, 2019 by rjsigmund

retail sales: rig count summary: natural gas storage: OPEC oil production: global oil supply: global oil demand:

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Ohio’s active drilling rigs drop by 5 and are now down by more over the past year than all other states combined

Posted on March 11, 2019 by rjsigmund

oil prices were little changed over the past week, as early optimism about a US – China trade deal gave way to renewed economic uncertainly by the end of the week… after falling 3% to $55.80 a barrel on signs … Continue reading →

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