Author Archives: rjsigmund

May 27th graphs and tables

2017 oil demand projections:

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US oil & gas drilling at a 2 year high, but April saw another big increase in uncompleted wells

oil prices moved up fairly steadily this week, finishing 5.2% higher, propelled mostly by the likelihood that OPEC and Russia will be extending their production cut agreement by up to 9 months…the initial rally began early in overseas markets on … Continue reading

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US oil & gas drilling at a 2 year high, but April saw another big increase in uncompleted wells

oil prices moved up fairly steadily this week, finishing 5.2% higher, propelled mostly by the likelihood that OPEC and Russia will be extending their production cut agreement by up to 9 months…the initial rally began early in overseas markets on … Continue reading

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April industrial production and new housing starts

regular monthly reports that were released this week included the April report on Industrial Production and Capacity Utilization from the Fed, the April report on New Residential Construction from the Census Bureau, and the Regional and State Employment and Unemployment … Continue reading

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May 20th graphics

gasoline supplies: rig count summary: drilling productivity report map:

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OPEC cuts still not reducing global glut; US sees the largest crude oil inventory draw this year

Both oil and natural gas prices moved higher last week, as both commodities saw larger than expected withdrawals of supplies from storage, while oil prices were also underpinned by expectations that OPEC would extend their production cuts when they meet … Continue reading

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April consumer and producer prices, and retail sales; March business inventories and job openings

regular monthly reports that were released this week included the the April Consumer Price Index, the April Producer Price Index, and the April Import-Export Price Index from the Bureau of Labor Statistics, and the Retail Sales report for April, the … Continue reading

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