Monthly Archives: December 2020

rig count summary:

oil prices fell for the first time in 8 weeks this week, as a mutant strain of the coronavirus spreading in the UK prompted a severe lockdown there and new travel restrictions world-wide…after rising more than 5% to $49.10 a … Continue reading →

As is usual in advance of the holidays, some of the reports that are normally released during the last week of the month were accelerated into this past week…that meant that we had the 3rd estimate of 3rd quarter GDP … Continue reading →

rig count summary:

oil prices rose for a 7th consecutive week this week, as the first covid vaccines began to be administered and plans to distribute a second vaccine were approved for next week…after increasing by less than 1% to $46.57 a barrel … Continue reading →

Major reports released this week included the the Retail Sales report for November and the Business Sales and Inventories report for October, both from the Census Bureau, the November report on Industrial Production and Capacity Utilization from the Fed, and … Continue reading →

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

January 2021 natural gas contract price hits all time low; largest early December draw from natural gas storage in 13 years; biggest ever drop in US oil exports led to largest crude inventory build in 33 weeks; gasoline production was … Continue reading →

Major reports released this week included the November Consumer Price Index, the November Producer Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for October, all from from the Bureau of Labor Statistics, and the October report on … Continue reading →

rig count summary: