Monthly Archives: August 2022

US natural gas touches $10 as European price hits $90; US oil supplies at a 19 year low; SPR at a 37½ year low after record withdrawal; total oil + oil products supplies at a new 13½ year low oil … Continue reading →

The key economic reports that were released this week were the 2nd estimate of 2nd quarter GDP and the July report on Personal Income and Spending, both from the Bureau of Economic Analysis…the week also saw the release of the … Continue reading →

US natural gas prices are at a 14 year high but European gas prices are 8 times higher; US oil exports at a record high, US oil supplies at a 18½ year low with SPR at a 37 year low; … Continue reading →

Major economic reports released this past week were the Retail Sales Report for July and the concurrent Business Sales and Inventories report for June, both from the Census bureau, the July report on Industrial Production and Capacity Utilization from the … Continue reading →

US gasoline supplies fell 2.3% on return of demand and gasoline exports at 3 1/2 year high; Strategic Petroleum Reserve at new 37 year low; 670,000 barrels per day of excess oil were produced worldwide in July, even with OPEC … Continue reading →

Major economic reports released this past week were the July Consumer Price Index, the July Producer Price Index, and the July Import-Export Price Index, all of which came from the Bureau of Labor Statistics, and the June report on Wholesale … Continue reading →

US oil imports at a 2 year high; distillates exports at all time high, US oil supplies at an 18 year low, Strategic Petroleum Reserve at a 37 year low; oil rigs fall by most in 25 months, natural gas … Continue reading →

The major economic releases of the past week included the Employment Situation Summary for July and the Job Openings and Labor Turnover Survey (JOLTS) for June, both of which came from the Bureau of Labor Statistics, and three June reports … Continue reading →

natural gas prices hit a 14 year high but closed lower; US oil exports were at a record high; US oil supplies were at new 18 year low, Strategic Petroleum Reserve was at a 37 year low; 4 week average … Continue reading →

The key economic releases of the past week were the 1st, or advance estimate of 2nd quarter GDP andthe June report on Personal Income and Spending, both from the Bureau of Economic Analysis…other widely watched releases this week included the … Continue reading →