Tag Archives: RJS

DUC well report for June, Focus on Fracking, RJS Monday of this past week saw the release of the EIA’s Drilling Productivity Report for July, which includes the EIA’s June data for drilled but uncompleted (DUC) oil and gas wells in the 7 most productive shale regions….that data showed a decrease in uncompleted wells nationally for the 13th month in a row, as both completions of drilled wells and drilling of new wells increased, but remained below...

[unable to retrieve full-text content]MarketWatch 666, R.J.S., June Producer Price Index Sets YoY Records for Final Demand and Intermediate Services; 46 year High for Prices of Intermediate Goods The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.0% in June, as prices for finished wholesale goods rose 1.2% while margins of final services providers rose 0.8%…that increase followed a […] The post June Producer Price Index for Final Demand and...

US crude supplies falling at a record pace, down 17.4% YoY; gasoline output at a 22 month high; record gasoline demand The Latest US Oil Supply and Disposition Data from the EIA, RJS, Marketwatch 666 US oil data from the US Energy Information Administration for the week ending July 2nd showed that even after a sizeble decrease in our oil exports and a modest decrease in our refinery throughput, we still needed to withdraw oil from our stored...

June’s jobs report, Marketwatch 666, Commenter RJS This week’s major agency issued economic releases included the Employment Situation Summary for June from the Bureau of Labor Statistics, and three May reports that will input into 2nd quarter GDP: the BEA’s report on International Trade for May, the May report on  Construction Spending and the Full Report on Manufacturers’ Shipments, Inventories and Orders for May, both from the Census Bureau . ....

Construction Spending Falls 0.3% in May after March & April Spending Revised Higher, Commenter RJS, Marketwatch 666 The Census Bureau report on construction spending for May (pdf) estimated that May’s seasonally adjusted construction spending would work out to $1,545.3 billion annually if extrapolated over an entire year, which was 0.3 percent (±1.0 percent)* below the revised annualized estimate of $1,549.5 billion of construction spending in...

RJS at Marketwatch 666 reviews oil and natural gas pricing, June 28, 2021 Oil Pricing Oil prices set a new 32 month high for a fifth consecutive week, as negotiations to lift Iranian sanctions broke off and US crude supplies fell more than was expected for a fifth straight week. After rising 1% to $71.64 a barrel last week on rising demand and falling supplies, the contract price of US light sweet crude for July delivery opened lower on...

2 Months PCE Would Add 7.36 Percentage Points to Q2 GDP Angry Bear Commenter RJS and Marketwatch 666 blogger computes the impact of real PCE from this report on GDP and explains his math. The May report Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 2nd quarter GDP, since it gives us 2 months of data on our personal consumption expenditures (PCE), which accounts for nearly 70%...

Producer Price Index YoY Records for Final Demand and Intermediate Services; 46 year High for Intermediate Goods, 48 year High for Raw Materials Commenter RJS and MarketWatch 666 blogger The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in April, as prices for finished wholesale goods rose 1.5% while margins of final services providers rose 0.6%…that increase followed an April report that the PPI was 0.6% higher, as...

Commenter RJS and MarketWatch 666 blogger Seasonally adjusted retail sales fell 1.3% in May after retail sales for April were revised 1.4% higher . . . the Advance Retail Sales Report for May (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $620.2 billion for the month, which was a decrease of 1.3 percent (±0.5%) from April’s revised sales of $628.7 billion, but 28.1 percent (±0.7 percent)...

Record High Job Quitting; Record Low Layoff Rate, MarketWatch 666, AB Commenter and Blogger RJS The Job Openings and Labor Turnover Survey (JOLTS) report for April from the Bureau of Labor Statistics estimated seasonally adjusted job openings jumped by by 998,000, from 8,288,000 in March to 9,286,000 job openings in April, after March’s record job openings were revised 165,000 higher, from 8,123,000 to 8,288,000 . . . April’s jobs openings...