Monthly Archives: October 2022

US oil exports rose to a record high, even with US oil supplies at a 20½ year low, the Strategic Petroleum Reserve at a new 38 year low, & total oil + oil products supplies at a 17½ year low.. … Continue reading →

The key economic reports that were released this week were the 1st estimate of 3rd quarter GDP and the September report on Personal Income and Spending, both from the Bureau of Economic Analysis ….the week also saw the release of … Continue reading →

natural gas prices fell 23% to a 7 month low; US oil supplies at a 20½ year low; Strategic Petroleum Reserve at a new 38 year low; total oil + oil products supplies at a 17½ year low; record low … Continue reading →

Widely watched reports that were released this past week included Industrial production and Capacity Utilization for September from the Fed, the September report on New Residential Construction from the Census Bureau, and the Existing Home Sales Report for September from … Continue reading →

2,150,000 barrels per day of unwanted oil were produced globally in September, even as OPEC’s output was 1,354,000 barrels per day short of their quota; US Strategic Petroleum Reserve was at another 38 year low, US gasoline demand was at … Continue reading →

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

oil price jumps 17% on OPEC supply cut; natural gas stores see largest autumn increase on record; US oil supplies at a 20½ year low; SPR at a 38 year low; gasoline supplies at eight year low with gasoline demand … Continue reading →

Major agency reports released this past week included the the Employment Situation Summary for September and the August Job Openings and Labor Turnover Survey (JOLTS), both from the Bureau of Labor Statistics, the August report on our International Trade from … Continue reading →

US oil supplies are at a new 19½ year low; SPR is at a new 38 year low; gasoline supplies are at a 10 month low; total oil + oil products supplies are lowest in nearly 14 years… oil prices … Continue reading →

The key economic releases of the past week were the 3rd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which included an annual revision, and the August report on Personal Income and Spending, also from the BEA, … Continue reading →