Category Archives: Uncategorized

US crude supplies at a 43 month low; August global oil output at a record high, but still a half million bpd short of demand

oil prices ended modestly higher in a week that saw several sharp price moves, both to the upside and to the downside…after falling nearly 3% to $67.75 a barrel in their first drop in three weeks last week, contract prices … Continue reading

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August’s consumer and producer prices, retail sales, and industrial production; July’s business inventories and JOLTS

Major reports released this past week included the August Consumer Price Index, the August Producer Price Index, the August Import-Export Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) report for July, all from the Bureau of Labor … Continue reading

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tables and graphs for September 15th

retail sales: rig count summary: gasoline supplies: distillate supplies: OPEC production: global oil production: global oil demand:

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it appears that US natural gas supplies will start this winter at a 15 year low, & maybe even lower than that

oil prices fell for the first time in three weeks this week, as anxiety about the economic impact of worsening trade wars overwhelmed concerns about Iran sanction related supply issues…after rising 1.6% to $69.80 a barrel last week and not … Continue reading

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August’s jobs report; July’s trade deficit, construction spending, and factory inventories

In addition to the Employment Situation Summary for August from the Bureau of Labor Statistics, this week also saw the release of three July reports that provide us with inputs to 3rd quarter GDP, and in some cases suggest revisions … Continue reading

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September 7th table

rig count summary:

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US gasoline demand at a record high; mild Midwest temperatures help boost natural gas supplies

oil prices moved higher for a 2nd week this week, amid crosscurrents of concerns about Iran sanctions, global trade tensions, and oil supply issues… after closing the prior week $3.51 a barrel or 5.4% higher at $68.72 a barrel, US … Continue reading

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