Category Archives: Uncategorized

US gasoline output at a record high, oil supplies at a 41 mo. low; global oil output up in June after May revised lower

oil prices ended sharply lower this week, after hitting an air pocket and dropping more than 5% on Wednesday, on the back of the announcement of the resumption of Libyan oil output…after falling a half percent to $73.80 a barrel … Continue reading

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June’s consumer & producer prices; May’s wholesale inventories & JOLTS

major reports released this past week included the June Consumer Price Index, the June Producer Price Index, the June Import-Export Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for May, all of which came from the Bureau … Continue reading

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tables and graphs for July 14

rig count summary: gasoline production: distillates production: OPEC oil output:’ global oil output: global oil demand:

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US LNG exports to quadruple in 2 years, use more than half of current gas output if all proposed plants are completed

US oil prices fell for the first time in 3 weeks this week, mostly on news of a surprise increase in US oil inventories, while international prices fell even more, mostly on news of higher global oil output…after rising 8% … Continue reading

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June’s jobs report; May’s trade deficit, construction spending and factory inventories..

in addition to the Employment Situation Summary for June from the Bureau of Labor Statistics, this week’s major economic releases included three May reports that will input into 2nd quarter GDP:  the BEA report on our International Trade for May, … Continue reading

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tables and graphs for July 7th

rig count summary: natural gas supply and demand: gas exports, approved and under construction: gas exports, proposed:

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record highs for oil refining, crude and distillate exports; largest US crude supply drop since Sept 2016, distillate supplies at a 13 year low, et al

oil prices rose another 8% this week, on top of last Friday’s near 5% jump, and are now pushing $75 a barrel, as oil production disruptions in Canada and Libya along with a bellicose US policy on Iran portended that … Continue reading

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