Monthly Archives: May 2019

rig count summary: oil prices needed to cover expenses on existing wells: oil prices needed to breakeven on drilling a new well:

oil prices saw their largest drop of 2019 this week, as a worsening impasse in the US-China trade war threatened to precipitate a global economic slowdown and an associated decrease in demand for oil…after rising 1.8% to $62.76 a barrel … Continue reading →

Widely watched reports that were released this week included the April advance report on durable goods and the April report on new home sales, both from the Census bureau, and the Existing Home Sales Report for April from the National … Continue reading →

rig count summary: oil prices: US gasoline imports:

oil prices rose for the first time in four weeks this week, as the threat that hostilities in the Middle East would disrupt global oil supplies overshadowed the rapidly deteriorating trade dispute between the US and China…after falling 28 cents … Continue reading →

Regular monthly reports that were released this week included the Retail Sales report for April and the Wholesale Trade, Sales and Inventories report for March, both from the Census Bureau, the April report on Industrial Production and Capacity Utilization from … Continue reading →

retail sales: rig count summary: OPEC production: global oil output: global oil demand:

oil prices ended lower for the third week in a row, as a resumption of the trade war between the US and China cast a pall over the markets and overshadowed the impact of tightening global supplies stemming from US … Continue reading →

Regular monthly reports that were released this week included the the April Consumer Price Index and the April Producer Price Index from the Bureau of Labor Statistics, the Commerce Dept report on our international trade in goods and services for … Continue reading →