Monthly Archives: June 2022

this week’s EIA oil data was not updated; natural gas rigs at a 33 month high; DUCs lowest on record; 4.4 month DUC backlog is lowest in 7 years; completions still 16% below the prepandemic average.. oil prices fell for … Continue reading →

The only widely watched economic releases of the past week were the May report on new home sales from the Census bureau and the May report on existing home sales from the National Association of Realtors (NAR)….the week also saw … Continue reading →

US natural gas price falls 21.5% on export plant outage; US oil supplies at new 17½ year low, SPR at a 35 year low after the largest SPR release on record; gasoline supplies at a 6 month low; global oil … 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 →

oil & natural gas prices hit 13 year highs; US oil supplies at a 17½ year low & SPR at a 35 year low; refinery utilization highest since 2019, refinery throughput highest in 17 months; gasoline supplies at a 6 … 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, and the April report on Wholesale Trade, … Continue reading →

US oil supplies at a 17½ year low with SPR at a 34½ year low; gasoline exports at a 3½ year high; record exports of oil + products over 4 weeks leaves total oil + products supplies at a 13½ … Continue reading →

There were two major employment reports released this past week: Employment Situation Summary for May and the Job Openings and Labor Turnover Survey (JOLTS) for April, both from the Bureau of Labor Statistics; other major monthly government agency issued reports … Continue reading →