Monthly Archives: December 2021

natural gas supplies above average for first time since April; Strategic Petroleum Reserve at a 19 year low; total oil & products supplies near a 7 year low; total oil supply falls by most in 25 weeks; gasoline supplies jump … 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 →

Strategic Petroleum Reserve approaching a 19 year low; oil + products supplies drop to an 83 month low; total oil product demand sets a record high, led by distillates demand at 18+ year high; global oil shortage at 1,210,000 barrels … 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, the … Continue reading →

oil prices rose for the first time in seven weeks as fears about the Omicron mutant’s impact on fuel demand waned …after falling 2.8% to $66.26 a barrel last week after OPEC decided to increase production even as the Omicron … Continue reading →

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

natural gas prices fall by the most in almost 8 years, maybe by the most ever; Strategic Petroleum Reserve is at an 18 1/2 year low; gasoline supplies rose by most in 22 weeks on a 22 week low in … Continue reading →

This week’s economic releases included the Employment Situation Summary for November from the Bureau of Labor Statistics, and two reports that will feed into 4th quarter GDP: the October report on Construction Spending (pdf), and the Full Report on Manufacturers’ … Continue reading →