Monthly Archives: July 2021

rig count summary:

oil prices rose for the 7th time in the past nine weeks on tight crude supplies and signs that fuel demand was holding up, despite the Covid surge…. after falling 3.7% to $71.81 a barrel last week as rising Covid … Continue reading →

There were just two widely watched reports released this past week: the June report on New Residential Construction from the Census bureau and the June report on existing home sales from the National Association of Realtors (NAR)….the week also saw … Continue reading →

rig count summary:

natural gas drilling at a 15 month high as prices hit a 30 month high; distillates exports at an 11 month high; global oil shortage at 830,000 barrels per day; DUC backlog at 7.6 months oil prices finished lower for … Continue reading →

Major reports that were released this week included the June Consumer Price Index, the June Producer Price Index, and the June Import-Export Price Index from the Bureau of Labor Statistics, the Retail Sales Report for June, and the Business Sales … Continue reading →

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

After briefly hitting a 6 year high early this week, oil prices finished lower for the first time in seven weeks, as traders worried that the collapse of talks between OPEC and other ol producers would lead to a increase … Continue reading →

The only agency reports released this past week were the Job Openings and Labor Turnover Survey(JOLTS) for May from the Bureau of Labor Statistics, and the May report on Wholesale Trade, Sales and Inventories from the Census Bureau….the week also … Continue reading →

rig count summary