Tag Archives: RJS

RJS, Focus on Fracking, SPR at a 19 year low: total oil + products supplies, including SPR, at a 7 3/4 year low, distillate supplies at 26 month low Overall oil inventories finally rose after a million+ barrel per day jump in oil imports; commercial crude supplies saw their biggest increase since October 10th after pulling ~350k barrels per day out of the SPR, i.e. switching the deck chairs on the Titanic . . . other trends remained in...

RJS, MarketWatch 666, Producer Prices Rose 1.0% in January, but Annual Increases are Off the Record Highs The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.0% in January, as average prices for finished wholesale goods rose 1.3% while final demand for services rose 0.7% . . . that increase followed a revised 0.4% increase in December, when average prices for finished wholesale goods fell 0.1%, while margins of final...

Summary Commenter RJS: US oil supplies at a 13 year low, SPR at a 19 year low: total oil + products supplies at a 7 1/2 year low, distillate supplies at 26 month low after refinery freeze off The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending February 11th indicated that after a big drop in our oil exports, a major slowdown in our oil refining due to...

RJS, Focus on Fracking; Global oil shortage at 440,000 barrels per day in January as OPEC’s output falls 749,000 barrels per day short; 2021’s oil shortage revised to 1.5 million barrels per day OPEC’s January Oil Market Report Thursday of the past week saw the release of OPEC’s February Oil Market Report, which includes details on OPEC & global oil data for January, and hence it gives us a picture of the global oil supply & demand...

RJS, MarketWatch 666, “CPI Rose 0.6% in January on Higher Prices for Food, Clothing, Electricity, Used Vehicles, & Furniture; Annual Inflation Now at a 40 Year High” The consumer price index rose 0.6% in January, as higher prices for food, clothing, rent, electricity, used vehicles, airfares, furniture, and appliances and were only slightly offset by lower prices for gasoline, utility gas, and car and truck rentals . . . the Consumer Price...

RJS, MarketPlace 666, US Trade Deficit Rose 1.8% in December and up 27% in 2021 Our trade deficit rose 1.8% in December as the value of both our exports and our imports increased, but our imports increased by more….the Census report on our international trade in goods and services for December indicated that our seasonally adjusted goods and services trade deficit increased by $1.8 billion to $80.7 billion in December, from a revised November...

RJS: Oil supplies at a 10 year low; SPR at a 19 year low; total oil & products supplies at 7 1/2 year low after across-the-board draw  The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending February 4th indicated that after a drop in our oil imports, a jump in our oil exports, and an increase in our refining, we again had to pull oil out of our stored...

This is one of the times when I missed the BLS annual adjustment also. RJS was right on the money this morning in reporting it. A portion of the 467,000 was due to adjustments in December and January data. RJS, MarketWatch 666, Employers Add 467,000 Jobs in January, Unemployment Rate Rises to 4.0% The Employment Situation Summary for January from the Bureau of Labor Statistics indicated a decent level of job creation during the month, while the...

Oil supplies at a 10 year low;  SPR at a 19 year low, total oil & products supplies at 7 1/2 year low; Omicron hit to demand leads to largest 5 week increase of gasoline inventories in 32 years RJS: The Latest US Oil Supply and Disposition Data from the EIA, Focus on Fracking US oil data from the US Energy Information Administration for the week ending January 28th indicated that despite a jump in our oil imports and a drop in our oil...

RJS @ MarketWatch 666, Construction Spending Rose 0.2% in December after Prior Months Were Revised Higher The Census Bureau’s report on construction spending for December (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,639.9 billion annually if extrapolated over an entire year, which was 0.2 percent (± 0.8 percent)* above the revised November estimate of a $1,636.5 billion rate annually, and 9.0...