Author Archives: rjsigmund

oil prices down on rising OPEC output; another drop in US oil, gasoline supplies; backlog of unfracked wells at record high

oil prices were mixed but modestly higher over the first four days of last week, hitting a 6 week high on Thursday, but then fell nearly two and a half percent on Friday to close below $46 a barrel for … Continue reading

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June New Housing Construction, et al

the June report on New Residential Construction from the Census Bureau was the only major monthly economic release of this week…the week also saw the release of the Regional and State Employment and Unemployment for June from the Bureau of … Continue reading

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screenshots for July 22nd

rig count summary: oil imports via Saudi Arabia:

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OPEC output jumps in June, reversing their production cuts by a third; US distillates output at a record high

oil prices increased every day this week, rising $2.31 a barrel, or more than 5%, and as a result recovered almost all of what they lost in the short week following the Independence Day holiday…after falling $2.84 a barrel to … Continue reading

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June’s retail sales, consumer & producer prices, & industrial production; May’s wholesale & business inventories, & JOLTS

most of the past week’s important reports were released on Friday, including Retail Sales for June and Business Sales and Inventories for May, both from the Census bureau, the June Consumer Price Index from the Bureau of Labor Statistics, and … Continue reading

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tables and graphs for July 15th

rig count summary: retail sales: OPEC production, official: OPEC production as reported: global oil production: global oil demand:

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the great US natural gas exports myth

oil prices rose to a 4 week high on Monday, before the 4th of July holiday, but fell from there to end the week roughly 3.9% lower than where they closed last week…the $1.03 price increase to $47.01 a barrel … Continue reading

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