Tag Archives: RJS

“Global oil shortage at 2.77 million barrels per day in August as OPEC, Output falls short of quota by 684,000 barrels per day,” Commenter and Blogger, RJS, Focus on Fracking OPEC’s Monthly Oil Market Report “The Latest US Oil Supply and Disposition Data from the EIA”  Monday of this week saw the release of OPEC’s September Oil Market Report, which covers OPEC & global oil data for August, and hence it gives us a picture of the global oil...

CPI Rose 0.3% in August on Higher Prices for Food, Energy, New Vehicles, Furniture and Appliances; Commenter and Blogger RJS at MarketWatch 666 Organization for Economic Co-operation and Development, Consumer Price Index: All Items for the United States [USACPIALLMINMEI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/USACPIALLMINMEI, September 19, 2021. The consumer price index rose 0.3% in...

Focus on Fracking: natural gas prices at a 7 1/2 year high; US crude supplies at a 23 month low, gasoline supplies at a 22 month low, Blogger RJS Natural gas prices also rose during the holiday shortened week as three-fourths of Gulf production still remained shut in as the weekend approached . . . after rising 7.8% to $4.712 per mmBTU last week on an unseasonably low inventory build while hurricane Ida disrupted both production and exports, the...

“US crude supplies at a 23 month low, gasoline supplies at a 22 month low,” Focus on Fracking, Blogger and Commenter RJS The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending September 3rd indicated that after major decreases in our oilfield production, our refinery throughput, our oil imports and our oil exports due to Hurricane Ida, we needed to withdraw oil...

July’s Wholesale Sales Were Up 2.0%; Wholesale Inventories Were Up 0.6%, MarketWatch 666, RJS Monthly Wholesale Trade Report for July 2021 (census.gov)The July report on Wholesale Trade, Sales and Inventories (pdf) from the Census Bureau estimated that the seasonally adjusted value of wholesale sales was at $601.3 billion in July, up 2.0 percent (±0.4 percent) from the revised June level, and up 23.7 percent (±1.6 percent) from wholesale sales of...

August Producer Price Index Sets New YoY Record Increases for Final Demand Goods, Final Demand Services, and a 46 year High for Prices of Intermediate Goods; MarketWatch 666, Commenter RJS Producer Price Index by Commodity: Final Demand: Final Demand Goods (PPIFDG) | FRED | St. Louis Fed (stlouisfed.org)The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.7% in August, as prices for finished wholesale goods rose 1.0% while...

MarketWatch 666’s RJS: 5th record in a row; job openings have risen 62% so far this year . . . Here is the Fred graph. Job Openings: Total Nonfarm (JTSJOL) | FRED | St. Louis Fed (stlouisfed.org)Despite record highs, hiring is down and layoffs are up . . . Something is clearly broken. July Job Openings at Record High after June Record Revised Higher; Hiring Down, Job Quitting  and  Layoffs  Higher The Job Openings and Labor Turnover...

I found this part of RJS’s report to be particularly interesting about the potential environmental risks in Louisiana resulting from a buildup of waste within the state. This has been accumulated over the years. There does not appear to be an effort to eliminate the waste and chemicals. ____________ Focus on Fracking: natural gas price at a 33 month high; US crude supplies at a 23 month low; Ida shuts down Gulf, MarketWatch 666, Blogger RJS...

Focus on Fracking: natural gas price at a 33 month high; US crude supplies at a 23 month low; Ida shuts down Gulf Blogger RJS, MarketWatch 666 Oil Prices Oil prices ended slightly higher this week as oil traders apparently judged that Hurricane Ida’s damage to oil production was greater than the storm’s damage to refining and to fuel demand .  .  . after rising more than 10% last week as Chinese virus cases fell to zero, a quarter of Mexico’s...

Trade Deficit Fell 4.3% in July After 2nd Quarter Deficits Were Revised Lower, MarketWatch 666 blogger RJS Our trade deficit fell 4.3% in July as the value of our exports increased while the value of our imports decreased slightly….the Commerce Dept report on our international trade in goods and services for July indicated that our seasonally adjusted goods and services trade deficit decreased by $3.2 billion to a rounded $70.1 billion in July,...