WEEKLY
- This Week in Petroleum
Release Schedule: Wednesday @ 1:00 p.m. EST (schedule) - Gasoline and Diesel Fuel Update
Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule) - Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule) - Heating Oil & Propane Update (October-March)
Heating Oil, Propane Residential and Wholesale Price Data
Release Schedule: Wednesday at 1:00 p.m. EST - Weekly Coal Production
Release Schedule: Thursday by 5:00 p.m. EST - Weekly NYMEX Coal Futures
Release Schedule: Monday by 5:00 p.m. EST - Coal News & Markets
Release Schedule: Monday by 5:00 p.m. EST - Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time) - Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
Analysis and Recommendations:
Crude Oil moved up for a third session, as an austerity agreement in Greece and a decline in U.S. jobless claims fanned hopes of greater demand for oil.
Crude was up $1.06, or 1.1%, to $99.79 a barrel on the New York Mercantile Exchange. It reached as high as $100.18 a barrel earlier.
Jobless claims dropped by 15,000 to a seasonally adjusted 358,000 in the week ended Feb. 4, the Labor Department said. That's near a four-year low. This was great news for the US as the data supported last weeks data that unemployment had dropped to 8.3% from 8.5%. This news should spur a round of consumer confidence and help spending in the US. This also supports economists statements that the US economy is turning around.
In Greece, the Prime Minister was able to get a commitment from the various political parties to support the austerity measures. Now it is time for the formalities.
Thursdays Economic Reports ( actual v. forecast )
