Monthly Archives: August 2023

The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending August 18th indicated that after modest offsetting decreases in our oil imports and our oil exports … Continue reading →

The major economic reports that were released last week were the July advance report on durable goods and the July report on new home sales, both from the Census Bureau, and the Existing Home Sales Report for July from the … Continue reading →

US oil production at a new post pandemic high; gasoline supplies at a new eight month low; natural gas rigs at an eighteen month low; DUC backlog at 5.1 months US oil prices fell for the first week in eight … 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 oil production at a post pandemic high; record drop in US oil exports, first Strategic Petroleum Reserve increase in 37 months; gasoline supplies at an eight month low; global oil supply was 1,260,000 barrels per day short in July … Continue reading →

Major economic reports released the past week were the July Consumer Price Index and the July Producer Price Index, both from the Bureau of Labor Statistics, the Commerce Dept report on our International Trade for June, and the June report … Continue reading →

US oil prices finished higher for a sixth straight week after the EIA reported the largest drop in US oil supplies on record and Saudi Arabia extended their million barrel a day supply cut another month….after rising 4.6% to a … 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 from the Bureau of Labor Statistics, and two June reports that included metrics … Continue reading →