Category Archives: Uncategorized

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 →

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 →

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

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 →

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 →

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

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 →