Tag Archives: RJS

RJS, Focus on Fracking Summary: Strategic Petroleum Reserve at a 21-year low, distillates supply at a 17-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 6th indicated that after another drop in our oil exports, another oil withdrawal from the SPR, and an increase in oil that could not be accounted for, we again had oil to add to our stored...

Having run a warehouse for a major $12 billion automotive component corporation, I can relate to container shipping globally. We shipped full containers to a number of countries on a weekly and monthly basis. This was dependent upon production demand. Reporting good news, a trend, and extreme profits? Peak of container shipping’s epic boom already passed? Hapag-Lloyd: The fifth-largest container line sees signs the market peaked back in the...

RJS, Focus on Fracking __________ Summary: Natural gas price hits 164 month high after doubling in 2 months; SPR at a 1058 week low, total US oil supplies at a 746 week low; distillates supplies at a 729 week low, total oil + products inventories at a 711 week low, gasoline imports at a 8 month high; natural gas rigs at a 31 month high.. ___________ Natural gas prices hit 164 month high after doubling in 2 months Oil prices rose for...

RJS, MarketWatch 666 Summary: Trade Deficit Rose 22.3% to Record High in March on Higher Imports of Industrial Supplies & Materials and Consumer Goods Our trade deficit was at another record high in March, 22.3% higher than February’s record, as both our imports and exports increased, but our imports increased by quite a bit more . . . the Commerce Department’s report on our international trade in goods and services for March indicated that...

RJS, Focus on Fracking, Summary: Strategic Petroleum Reserve at a 1058 week low, US oil supplies at a 746 week low; distillates supplies at a 729 week low, total oil + products inventories at a 711 week low, gasoline imports at a 8 month high The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending April 29th indicated that because of an increase in our oil...

RJS; Focus on Fracking Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks — The Biden Administration will purchase 60 million barrels of crude in Q3 (Yahoo) in an effort to replace volumes in the U.S. strategic petroleum for the first time in nearly 20 years, CNN reports, after authorizing a record release over six months. Citing an unnamed Energy Department official, CNN said what is referred to as a “long-term buyback plan” for oil...

RJS, MarketWatch 666 Summary: Construction Spending Rose 0.1% in March after Prior Months Were Revised Higher The Census Bureau’s report on construction spending for March (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,730.5 billion annually if extrapolated over an entire year, which was 0.1 percent (±0.7%)* above the revised annualized February estimate of $1,728.6 billion, and 11.7 percent...

RJS, MarketWatch 666 Summary: New Home Sales Reported 8.6% Lower on Record Prices in March, after Prior Months Sales Revised Much Higher The Census report on New Residential Sales for March (pdf) estimated that new single family homes were selling at a seasonally adjusted annual rate of 763,000 homes during the month, which was 8.6 percent (±12.9 percent)* below the revised February annual sales rate of 835,000, and 12.6 percent (±11.3 percent)...

RJS, MarketWatch 666 1st Quarter GDP Shrunk at a 1.4% Rate on a Record Trade Deficit and Slower Growth of Inventories Our economy shrunk at a 1.4% rate in the 1st quarter, the first GDP reversal since the first quarter of 2020, as increased personal consumption of services and greater fixed investment were more than offset by weaker investment in inventories and a record trade deficit, which subtracted over 3 percent from GDP . . ....

RJS; MarketWatch 666 Summary: March industrial production: G17 release on Industrial production and Capacity Utilization for March indicates industrial production rose 0.9% in March after rising by a revised 0,9% in February and a revised 1.0% in January, which left production 5.5% higher than a year ago. Industrial Production Rose 0.9% to Highest on Record in March The Fed’s G17 release on Industrial Production and Capacity Utilization for...