Monthly Archives: May 2019

tables and graphs for June 1st

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

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oil prices drop most this year; US gasoline imports at 8 year high; DUCs down; uncomplete well backlog at 6.0 months

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

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April’s durable goods, new home sales, and existing home sales

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

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tables and graphs for May 25

rig count summary: oil prices: US gasoline imports:

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horizontal drilling at a 14 month low; April’s global oil supplies short of demand despite flat OPEC output

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

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April retail sales, industrial production and new housing starts; March business inventories

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

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graphs and tables for May 18th

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

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