Monthly Archives: December 2022

US oil supplies are at a 36½ year low, Strategic Petroleum Reserve is at a 39 year low; oil + oil products supplies are at an 18½ year low; DUCs rose in November for the first time in 29 months … Continue reading →

As is usual in advance of the holidays, most of the reports that are normally released during the last week of the month were accelerated into this past week…that meant that this week saw the 3rd estimate of 3rd quarter … Continue reading →

global oil production exceeded demand by 390,000 barrels per day in November; despite OPEC production that  was 938,000 barrels per day short of their reduced quota oil prices partly recovered from last week’s drop to a 12 month low after … Continue reading →

Major reports released this week included the November Consumer Price Index from the Bureau of Labor Statistics, the Retail Sales report for November and the Business Sales and Inventories report for October, both from the Census Bureau, and the November … Continue reading →

US oil supplies now at a 36½ year low, Strategic Petroleum Reserve at a 38½ year low; highest refinery utilization rate in 40 months, biggest build of distillates supplies in 29 months oil prices fell every day this past week … Continue reading →

Major agency reports released this week included the November Producer Price Index from the Bureau of Labor Statistics, the Commerce Department report on our International Trade for October, and the Full Report on Manufacturers’ Shipments, Inventories and Orders for October … Continue reading →

the biggest drop in commercial crude supplies in 41 months leaves US oil supplies at a 21½ year low, Strategic Petroleum Reserve at a 38½ year low, oil + oil products supplies at an 18 year low as net oil … Continue reading →

Major economic reports released this week included the Employment Situation Summary for November and the Job Openings and Labor Turnover Survey (JOLTS) for October, both from the Bureau of Labor Statistics, the 2nd estimate of 3rd quarter GDP and the … Continue reading →