Monthly Archives: August 2019

tables and graphs for August 31st

rig count summary: oil production: oil production:

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oil production in lower 48 states at a record high, rig count at a 21 month low, and a note on last week’s OPEC report

oil prices ended lower for a 3rd week in four as the Chinese pulled a Trump and unexpectedly hit US goods with new tariffs, and Trump responded by ordering US companies to get out of China, ratcheting up the trade … Continue reading

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New and Existing home sales for July

The only widely watched reports released this week were the July report on new home sales from the Census bureau and the Existing Home Sales Report for July from the National Association of Realtors (NAR)….this week saw the release of … Continue reading

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tables and graphics for August 24th

rig count summary: OPEC report global demand text: OPEC report global demand 2019: OPEC report global demand 2020:

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OPEC reports July’s oil output was 2 million barrels per day short of demand; DUCs down most in 33 months as fracking at a 54 month high

oil prices managed to end with a small increase in a week of volatile trading after Trump blinked and delayed the tariffs that he had imposed on China that had sent the markets spiraling lower over the past two weeks…after … Continue reading

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

Major economic reports released this past week were the July Consumer Price Index from the Bureau of Labor Statistics, the Retail Sales Report for July and the Business Sales and Inventories report for June, both from the Census bureau, the … Continue reading

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tables and graphs for August 17th

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

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