Category Archives: Uncategorized

OPEC extends production cuts 9 months, oil prices tumble; US refining returns to near record levels…

well, the OPEC meeting that everyone had been waiting for came and went this week, and as it turned out, it was just a big non event….OPEC agreed to maintain their production cuts at the same level they’ve been at … Continue reading

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1st quarter GDP revision; April durable goods, new home sales, and existing home sales.

the major release of this past week was the second estimate of 1st quarter GDP from the Bureau of Economic Analysis; other widely watched releases included the April advance report on durable goods and the April report on new home … Continue reading

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May 27th graphs and tables

rig count summary: oil prices: OPEC production: OPEC compliance: global demand forecasts:

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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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