r.j. sigmundMarch global oil surplus at 17.7Thursday of this past week saw the release of OPEC’s April Oil Market Report, which covers OPEC & global oil data for March, and hence it…Apr 24, 2020Apr 24, 2020
r.j. sigmundOPEC report shows July global oil output was two million barrels per day short of demandThis week we’re going to review OPEC’s August Oil Market Report (covering July OPEC & global oil data), which was released on Friday of…Aug 19, 2019Aug 19, 2019
r.j. sigmund2nd Quarter GDP Up 4.1% Despite Largest Inventory Contraction Since 2009The Advance Estimate of 2nd Quarter GDP from the Bureau of Economic Analysis released on Friday included changes in definitions, in…Jul 30, 2018Jul 30, 2018
r.j. sigmundThe Great US Natural Gas Exports MythMr Trump was in Europe last week for the annual meeting of the G-20, the heads of government for the world’s 20 largest economies. Part of…Jul 10, 2017Jul 10, 2017
r.j. sigmundA half million barrel per day global oil surplus persisted in FebruarySince oil pricing, and hence the industry’s plans for new oil field exploitation in the US, is still largely dependent on what OPEC does…Mar 21, 2017Mar 21, 2017
r.j. sigmundTrade Deficit, Up 9.6% in January, on Track to Clip 78 Basis Points from Q1 GDPOur trade deficit rose by 9.6% January, as the value of both our exports and our imports increased, but our imports increased by much more…Mar 15, 2017Mar 15, 2017
r.j. sigmund4th Quarter GDP Growth Remains at a 1.9% RateThe Second Estimate of our 4th Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew…Mar 7, 2017Mar 7, 2017
r.j. sigmundDespite OPEC Cuts, Global Oil Glut Grows A Million Barrels a DayLast week saw the release of the OPEC Monthly Oil Market Report for February (pdf), which covers global oil data for January. It’s the…Feb 23, 2017Feb 23, 2017
r.j. sigmundNew Record Highs for US Oil Exports, for Gasoline Inventories, and for Oil InventoriesThis week’s oil data for the week ending February 10th from the US Energy Information Administration showed that our imports of crude oil…Feb 20, 2017Feb 20, 2017
r.j. sigmundOPEC cuts their oil output but keeps on drilling…Oil continued to trade in a narrow range this week as news that OPEC had achieved 90% compliance to their agreed to production cuts offset…Feb 14, 2017Feb 14, 2017
