Relevant and even prescient commentary on news, politics and the economy.

RJS: Latest US Oil Supply and Disposition Data from the EIA 

RJS: Focus on Fracking ________ Summary: US oil supplies at an 18 year low, SPR at a 36 year low, total oil + oil products supply at a 13½ year low. _________ Detail: The Latest US Oil Supply and Disposition Data from the EIA  Sidenote: The US oil data reported this week by the US Energy Information Administration includes updated data for the […]

Global Oil Surplus Per Day as OPEC output fell to 1.049 million bpd below quota

RJS: Focus on Fracking ~~~~~~~ Summary: Global oil surplus at 560,000 barrels per day in May as OPEC output fell to 1.049 million bpd below quota ~~~~~~~ OPEC’s Report on Global Oil for May Tuesday of this week saw the release of OPEC’s June Oil Market Report, which includes details on OPEC & global oil data […]

RJS: EIA US Oil Supply and Disposition Report

Summary: US oil supplies at a 17½ year low. SPR at a 35 year low after the SPR largest withdrawal on record. Gasoline supplies at a 6-month low. ~~~~~~~~ The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending June 10th show that […]

RJS; EIA US Oil Supply and Disposition Report

RJS: Focus on Fracking Summary: US oil supplies at a 17½ year low with SPR at a 35 year low; refinery utilization highest since 2019, refinery throughput highest in 17 months; gasoline supplies at a 6 month low even with gasoline imports at a 46 week high The Latest US Oil Supply and Disposition Data […]

Supply and Distribution Data from EIA Pretty much the same

RJS: Focus on Fracking Summary: US oil supplies at a 17 ½ year low with SPR at a 34½ year low; gasoline exports at a 3½ year high; 4 weeks of total oil + product exports at a record high and leads to total oil + products supply at a 13½ year low total oil + product  supplies at a 13½ year low after record exports.. […]

Natural gas prices hit 13½ year high, Oil Exports at 26 Month High . . .

RJS: Focus on Fracking Summary: natural gas prices hit 13½ year high after a six-fold increase in less than 2 years; US oil exports at a 26 month high even with SPR at a 34½ year low & US oil supplies at a 17 year low; total oil + products inventories at a new 13½ […]

highest refinery utilization rate since 2019, greatest refinery throughput in 11 months

RJS: Focus on Fracking Summary: US oil exports at a 26 month high with SPR at a 34½ year low & US oil supplies at a 17 year low; total oil + products inventories at a 13½ year low even with highest refinery utilization rate since 2019, greatest refinery  throughput in 11 months… The Latest US Oil Supply and Disposition Data from the EIA […]

Nat. Gas Rigs +32 Mo, DUCs low, Completions 17% below Avg.

RJS, Focus on Fracking Summary: Natural gas rigs at a 32 month high; DUCs at a record low; 4.5 month Drilled but Uncompleted Wells (DUC) backlog is lowest in 7 years; completions remain 17% below prepandemic average… This Week’s Rig Count The number of drilling rigs running in the US increased for the 74th time over the […]

SPR and Supplies Low, Total Oil and Products the Same

RJS, Focus on Fracking Summary: Strategic Petroleum Reserve at a 34 year low, US oil supplies at a 17 year low, total oil + products  inventories at a 13½ year low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending May 13th indicated that after a jump in […]

SPR and Distillates Low, Global Oil Surplus in April, Natural Gas Rigs High

RJS: Focus on Fracking Summary: Strategic Petroleum Reserve at a 21 year low, distillates supplies at a 17 year low; 300,000 bpd global oil surplus in April, despite loss of 1.2 million bpd from Russia & Kazakhstan; natural gas rigs at a 32 month high..   OPEC’s Report on Global Oil for April Thursday of […]