Monthly Archives: September 2021

US crude supplies at a 35 month low; total supplies of oil plus products made from it at a 6 1/2 year low; exports of distillates at a 28 week low; vertical drilling at an 18 month high; DUC well … Continue reading →

Widely watched monthly reports that were released this past week included the August report on New Residential Construction and the August report on new home sales, both from the Census bureau, and the Existing Home Sales Report for August from … Continue reading →

rig count summary:

natural gas prices at 7 1/2 year high near a 12 year high before falling back; US crude supplies at a 24 month low, gasoline supplies at a 22 month low, total supplies of crude plus all products at a … Continue reading →

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

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

oil prices ended fractionally higher again this week, mostly due to falling US supplies of crude, gasoline, and distillates…after rising 0.8% to $69.29 a barrel last week as oil traders judged that Hurricane Ida’s damage to oil production was marginally … Continue reading →

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

rig count summary: natural gas prices:

oil prices ended slightly higher this week as oil traders apparently judged that Hurricane Ida’s damage to oil production was greater than the storm’s damage to refining and to fuel demand…after rising more than 10% last week as Chinese virus … Continue reading →