Monthly Archives: August 2019

rig count summary: oil production: oil production:

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 →

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 →

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

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 →

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 →

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

oil prices fell nearly 8% to a 7 month low on a worsening of the US-China trade war early this past week, but then recovered three-quarters of that decline by week end on reports that the Saudis were on the … Continue reading →

Agency issued reports released this past week included the July Producer Price Index and the Job Openings and Labor Turnover Survey (JOLTS) for June, both from the Bureau of Labor Statistics, and the June report on Wholesale Trade, Sales and … Continue reading →

rig count summary: