Monthly Archives: May 2022

natural gas prices hit 13½ year high after a six-fold increase in less than 2 years; US oil exports at a 26 month high even with SPR at a 34½ year low & US oil supplies at a 17 year … Continue reading →

The key economic releases of the past week were the second estimate of 1st quarter GDP from the Bureau of Economic Analysis and the April report on Personal Income and Spending, also from the BEA, a report which provides 23% … Continue reading →

Strategic Petroleum Reserve at a 34 year low, total US oil supplies at a 17 year low, total oil + oil products inventories at a 13½ year low; record low DUCs, completions are 17% below the prepandemic average, 4.5 month … Continue reading →

Regular monthly reports that were released this week included the Retail Sales report for April and the Manufacturing and Trade, Inventories and Sales report for March (pdf), both from the Census Bureau, the April report on Industrial Production and Capacity … Continue reading →

Strategic Petroleum Reserve at a 21 year low, distillates supplies at a 17 year low; 300,000 bpd global oil surplus in April, despite loss of 1.2 million bpd from Russia & Kazakhstan; natural gas rigs at a 32 month high.. … Continue reading →

Regular monthly reports that were released this week included the April Consumer Price Index, the April Producer Price Index and the April Import-Export Price Index from the Bureau of Labor Statistics, and the Wholesale Trade, Sales and Inventories report for … Continue reading →

natural gas price hits 164 month high after doubling in 2 months; SPR at a 1058 week low, total US oil supplies at a 746 week low; distillates supplies at a 729 week low, total oil + products inventories at … Continue reading →

Major economic reports released the past week include the Employment Situation Summary for April and the Job Openings and Labor Turnover Survey (JOLTS) for March, both from the Bureau of Labor Statistics, and three March reports that include metrics which … Continue reading →

Strategic Petroleum Reserve at a 1055 week low, US oil supplies at a 745 week low; distillates supplies at a 726 week low, total oil + products inventories at an 710 week low US oil prices finished the past week … Continue reading →

The key economic releases from the past week that we’ll review today are the advance estimate of 1st quarter GDP and the concurrent March report on Personal Income and Spending, both from the Bureau of Economic Analysis….other widely watched releases … Continue reading →