Monthly Archives: September 2022

oil prices at a 8 month low; US oil supplies at a 19½ year low; SPR at a 38 year low, distillates exports at a 51 month high; DUCs at a record low, completions at a three month low; DUC … Continue reading →

Just two widely watched monthly reports were released this past week: the August report on New Residential Construction from the Census bureau, and the Existing Home Sales Report for August from the National Association of Realtors (NAR)… the week also … Continue reading →

US oil supplies at a 19 year low; Strategic Petroleum Reserve at a 37½ year low after record SPR withdrawal; gasoline supplies at 42 week low; distillates demand at a 21 month low; global oil surplus at 1,630,000 barrels per … Continue reading →

Major reports released this past week included the August Consumer Price Index, the August Producer Price Index and the August Import-Export Price Index, all of which were from the Bureau of Labor Statistics, the Retail Sales Report for August and … Continue reading →

  oil prices ended little changed this week, after diving 10% to an 8 month low early on, as lockdowns in China and a big build of US crude inventories were offset by a modest OPEC production cut and Russian … Continue reading →

Major reports released this past week included the July report on our International Trade from the Bureau of Economic Analysis and the Wholesale Trade, Sales and Inventories report for July from the Census Bureau…this week also saw the Consumer Credit … Continue reading →

US oil supplies at a new 19 year low; Strategic Petroleum Reserve at new 37½ year low; total oil + oil products supplies at a new 13½ year low; oil rigs drop most since Hurricane Ida; natural gas rigs at … Continue reading →

Major reports released this past week included the Employment Situation Summary for August and the Job Openings and Labor Turnover Survey (JOLTS) report for July, both from the Bureau of Labor Statistics, and the July report on Construction Spending (pdf), … Continue reading →