Archive for February 19th, 2010

Dry Bulk Weekly – 19 February, 2010

Baltic dry index rose 5.6% in the last week. Capesize Index outperformed the BDI, Panamax Index was in line, while Supramax and Handysize Index underperformed. The market action seems like a result of market participants fixing Capesize vessels in anticipation of China return to the markets after the this week New Year celebration and on […]

Premature Exit

I was on the road yesterday, so the usual service suffered… The most important piece of news yesterday was FED’s decision to increase the discount rate by 0.25%, to 0.75%. The measure has a marginal real impact on the banking sector, but it could have large psychological impact. The political and media orchestrated  “recovery” pressures […]

U.S. Petroleum Weekly – 19 February 2010

Crude oil stocks rose 3.1 million barrels for week ending 12 February; Gasoline stocks increased for 1.6 million barrels; Distillate stocks fell 2.9 million barrels; Propane/propylene stocks decreased 2.9 million barrels; Other oils were flat; Total crude oil and petroleum stocks fell 2.4 million barrels. Refinery utilization rose from 79.1% to 79.8%. Crude oil and […]

U.S. Natural Gas Weekly – 19 February 2010

Working gas in storage fell 190 Bcf from the previous week. Cold weather is helping the stockpiles draw, but we are still above both last year and 5 year average levels. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range


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