The prices of crude oil bounced back and increased in recent days. The Energy Information Administration came out with its petroleum and oil weekly update: During last week, U.S stockpiles changed direction and moderately declined: the total U.S oil and…
According to the latest U.S. Census Bureau report regarding the new residential construction statistics for November 2012, the annual rate of housing starts fell while rate of building permits rose. This report sends a mixed signal as to the progress…
The Bureau of Labor Statistics published its recent report of the U.S CPI for November 2012. According to the recent report, the consumer price index declined by 0.3% after it had increased by 0.1% in the previous month; in annual…
According to the recent producer price index monthly report, which was published yesterday, the PPI for finished goods fell again by 0.8% in November compared with October’s index. This report serves as an indicator for the developments in the U.S…
The prices of natural gas prices continued their downward trend and may continue their plunge following the recent EIA report in which the natural gas storage remained virtually unchanged. Perhaps the comfortable weather in many parts in the U.S reduced…
The prices of crude oil rallied in the past couple of days. The Energy Information Administration published its petroleum and oil weekly report in which the EIA estimates a decline in the Brent to WTI premium in 2013. During last…
Retails and foods services sales changed direction from the previous month and slightly rose by 0.3% in November 2012 compared with October’s sales and were also above the sales at November 2011. The U.S. Department of Commerce (pdf file) published…
The FOMC concluded its last meeting this year and as the market had anticipated, the Fed announced it will expand QE3 that will include in addition to the Fed purchasing mortgage-backed securities at a pace of $40 billion per month;…
The OPEC Summit was concluded with no big headlines. The ministers have decided to keep OPEC’s quota unchanged at 30 million bbl/d. Currently, OPEC’s production is roughly 30.8 million bbl/d. According to the December report by the IEA – International…
According to the latest December report published by the Organization of the Petroleum Exporting Countries regarding the recent changes in the crude oil market for November, the OPEC oil production slightly declined again during November compared with October’s oil production.…