Monthly Archives: February 2024

Oddly, there were no major government agency economic reports released during the past week, which usually only happens once a year, during Christmas week….hence, the only widely watched private report released during the week was the Existing Home Sales Report … Continue reading →

natural gas price hits new 3½ year low; natural gas in storage is highest mid-February level in eight years; DUC backlog is at 5.1 months with least completions since February 2022; refinery utilization rate matches 58 week low; biggest draw … Continue reading →

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

oil prices are at a 3 month high; natural gas prices settled at new 3​½ year lows four days this week; US refinery utilization rate, refinery throughput, and distillates production all are lowest in 58 weeks, on ongoing Gulf Coast … Continue reading →

Regular agency reports that were released this week included the Commerce Department’s report on our International Trade for December, and the December report on Wholesale Trade, Sales and Inventories from the Census Bureau….also this week, the Fed released the Consumer … Continue reading →

natural gas prices at a 3​½ year low; oil production back to record high; refinery utilization rate is lowest in 57 weeks; refinery throughput is lowest in 56 weeks; distillates production is lowest in 57 weeks US oil prices finished … Continue reading →

Major economic releases of the past week included the Employment Situation Summary for January and the Job Openings and Labor Turnover Survey (JOLTS) report for December, both from the Bureau of Labor Statistics, and two December reports that included metrics … Continue reading →

refinery utilization rate is lowest in 56 weeks; refinery throughput is lowest in 55 weeks; distillates production is lowest in 56 weeks; US gasoline​ supplies at a ​new 35 month high; gasoline​ ​imports at a 2 year low US oil … Continue reading →