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

Natural Gas Up, SPR same, Oil Supply Down, Gasoline Supplies Up

Commenter Blogger RJS Summary: Natural gas supplies above average for first time since April. Strategic Petroleum Reserve at a 19-year low. Total oil & products supplies near a 7-year low. Total oil supply falls by most in 25 weeks. Gasoline supplies jump most in 20 months. Distillate’s demand falls by most in 5 years. DUC […]

November Durable Goods: New Orders up 2.5%

November Durable Goods: New Orders up 2.5%, Shipments Up 0.7%, Inventories Up 0.6%, MarketWatch 666, RJS The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for November (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods increased by $6.5 billion or 2.5 percent to […]

Record High in Producer Price Index and Other Market Indicators

Record 9.6% Annual Increase in November Producer Price Index; Record 6.9% YoY Increase in Core Prices; Record 7.1% YoY Increase for Final Demand Services, Record 14.9% Increase for Final Demand Goods, and a 46+ year Record for Prices of Intermediate Goods, RJS, MarketWatch 666 The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in […]

PPI, Core Prices, Demand Services and Goods Increase

November’s retail sales, industrial production, producer prices, & new home construction; October’s business inventories, Summary: Record 9.6% Annual Increase in November Producer Price Index; Record 6.9% YoY Increase in Core Prices; Record 7.1% YoY Increase for Final Demand Services, Record YoY 14.9% Increase for Final Demand Goods, and a 46+ year Record for Prices of […]

Oil Supplies at 83 Month Low, Demand at Record High

Total supplies at an 83 month low; total demand at a record high; distillates demand at 18+ year high; global shortage at 1,210,000 bpd, Focus On Fracking, RJS Strategic Petroleum Reserve approaching a 19 year low; oil + products supplies drop to an 83 month low; total oil product demand sets a record high, led […]

Oil Rebounds and SPR at another 18 – 1/2 year Low

Oil rebounds on Omicron optimism; SPR at another 18 1/2 year low as sales to Asian refiners begin, Focus of Fracking, RJS Not really much news this week; gasoline & distillate inventories continue to rebound from the lows, no big moves on prices or much else; the headline is almost contrived . . . the […]

CPI Up .8% in Nov. on Higher Prices for Food, Fuel, Shelter, Vehicles, and Airfare; Inflation at a 39 Year High

Blogger and Commenter RJS, MarketWatch 666, November’s consumer prices, October’s trade deficit, wholesale sales, and JOLTS The consumer price index rose 0.8% in November, as higher prices for food, energy, new and used vehicles, airline fares, and toys were only slightly offset by lower prices for information technology devices, hospital services and for vehicle insurance….the Consumer […]

SPR at an 18-1/2 Year Low, Gasoline Supplies Up

Blogger RJS, Focus on Fracking, Strategic Petroleum Reserve is at an 18 1/2 Year Low; Gasoline Supplies Rose by Most in 22 Weeks on a 22 Week Low in Demand The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending November 26th […]

OPEC Increases Oil Production, Natural Gas Prices Fell the Most in Almost 8 Years

Blogger RJS, Focus On Fracking, OPEC Decides to Increase Production, Natural Gas Prices Fall by the most in 8 years and maybe most ever Oil for the sixth consecutive week this week, as OPEC decided to increase production even as a Omicron surge loomed . . . after falling 10.4% to $68.15 a barrel last […]

Construction Spending up .2% in October, Prior Months Revised Higher

Construction Spending Rose 0.2% in October after Prior Months Were Much Revised Higher, MarketWatch 666, RJS The Census Bureau’s report on construction spending for October (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,598.0 billion annually if extrapolated over an entire year, which was 0.2 percent (+/-1.2 percent)* above the revised September […]