U.S. Petroleum Weekly – September 9, 2011
It’s all about global macro picture now and that doesn’t look promising.
Archive for September 9th, 2011
U.S. Freight Carloads Weekly – September 9, 2011
U.S. railroads originated 303,260 carloads, down 0.6% compared with the same week in 2010 and right at the 5-year average. Week over week change was +1.1%.
Nothing pointing to recession here.
China Retail Sales Up 17.0% In August
China retail sales rose 17.0% y-o-y in August vs. 17.2% July reading. Consensus was at 17.0%.
Industrial Production In China Rose 13.5% In August
Industrial production in China rose 13.5% y-o-y in August; July reading was at 14.0%. Consensus was at 13.7%.
China August CPI Inflation At 6.2%; PPI Inflation At 7.3%
China Consumer Price Index was up 6.2% in August, vs. 6.2% consensus and 6.5% July reading. Food inflation moderated from 14.8% in July to 13.4% in August.
China Producer Price Index was up 7.3% vs. 7.2% consensus and 7.5% July reading.
Judging from recent data it is possible that inflation has peaked for this year.
U.S. Natural Gas Weekly – September 9, 2011
Working gas in storage rose 64 Bcf from previous week. Consensus was also at 64 Bcf.
Storage level is 139 Bcf lower than same time year ago and bellow 5-year average.