Monthly Archives: June 2021

oil prices set a new 32 monrh high for a fifth consecutive week, as negotiations to lift Iranian sanctions broke off and US crude supplies fell more than was expected for a fifth straight week….after rising 1% to $71.64 a … Continue reading →

The key economic releases of the past week were the 3rd estimate of 1st quarter GDP from the Bureau of Economic Analysis and the May report on Personal Income and Spending, also from the BEA, which includes two months of … Continue reading →

‘rig count summary oil prices: natural gas prices: NB: click on graphs for unobstructed view..

oil prices hit 32 month high; natural gas price hits 7 month high; refinery utilization at a 17 month high; refinery throughput at a 16 month high; gasoline production at a 15 month high;  post pandemic record jump in​ combined​ … Continue reading →

Major economic reports released the past week included the Retail Sales report  for May and its companion the Business Sales and Inventories report for April, as well as the May report on New Residential Construction, all from the Census Bureau; … Continue reading →

rig count summary: retail sales:

oil prices at another 31 month high; natural gas price at a 7 month high; refinery utilization at a 17 month high, refinery throughput at a 14 month high;  biggest jump in gasoline inventories in 14 months; global oil shortage … Continue reading →

Major reports released during the past week included the May Consumer Price Index from the Bureau of Labor Statistics, the Commerce Dept’s report on our International Trade in Goods and Services for April, the Job Openings and Labor Turnover Survey … Continue reading →

rig count summary: OPEC production quotas: OPEC production: global oil output: global oil demand:

oil prices rose for the fifth week in the past six and finished at a 31 month high on ongoing OPEC+ production restraint and on falling US crude supplies…after rising 4.3% to $66.32 a barrel last week as strong US … Continue reading →