Rig Count Weekly – May 1, 2011
Number of crude oil drilling rigs rose for 13; Number of natural gas drilling rigs rose for 4.
Archive for the ‘Commodities’ Category
Tanker Weekly – May 1, 2011
Baltic Dirty Tanker Index fell 1.2%; Baltic Clean Tanker Index rose 0.6%.
We could see a slight bounce in Q2 as refinery maintenance season ends.
U.S. Freight Carloads Weekly – May 1, 2011
U.S. railroads originated 292,706 carloads, down 1.8% compared with the same week in 2010 and down 3.8% compared with 5-year average. Week over week change was -0.9%.
Weakening.
U.S. Freight Carloads Weekly – April 22, 2011
U.S. railroads originated 295,426 carloads, down 0.4% compared with the same week in 2010 and down 2.6% compared with 5-year average. Week over week change was 0.6%.
U.S. Natural Gas Weekly – April 22, 2011
Working gas in storage rose 47 Bcf from previous week. The consensus was at 52 Bcf.
Storage level is 175 Bcf lower than same time year ago and bellow 5-year average. Much better situation than last year.
U.S. Petroleum Weekly – April 21, 2011
Goldman will certainly have a good explanation how in a depressed demand environment stockpiles are falling in a oversupplied market.
Dry Bulk Weekly – April 18, 2011
Baltic dry index fell 5.8% last week; Capesize Index was down 3.0%; Panamax Index fell 10.7%; Supramax Index was down 3.0%; Handysize Index rose 1.3%.
Huge drop in thermal coal stockpiles; Huge drop in steel inventory; Rising inventory of iron ore. Prices are strong. Monetary tightening still not affecting Chinese commodity demand much.
Rig Count Weekly – April 16, 2011
Number of crude oil drilling rigs fell for 6; Number of natural gas drilling rigs rose for 8.
Tanker Weekly – April 16, 2011
Baltic Dirty Tanker Index fell 4.5%; Baltic Clean Tanker Index rose 1.8%.
U.S. Freight Carloads Weekly – April 15, 2011
U.S. railroads originated 293,798 carloads, up 1.8% compared with the same week in 2010 and down 1.9% compared with 5-year average. Week over week change was -4.0%.
U.S. Petroleum Weekly – April 14, 2011
Goldman doesn’t like markets taking their research lightly, so it issued sell recommendations twice.
Same as it issued sell recommendation ahead 2008 crude oil record run.
Look at the gasoline stocks.
China Trade Balance Rose In March
China trade balance was reported at USD 0.14 billion vs. USD -7.3 billion in February and USD -3.4 billion consensus. Export and import growth were running at 35.8 and 27.3 percent vs. 2.4% and 19.4% y-o-y in February
For Q1 2011, exports and imports rose by 26.5% y-o-y and 32.6% y-o-y, with the trade deficit atUS$1bn.
Better than consensus, but high commodity prices clearly kicking in.
Dry Bulk Weekly – April 11, 2011
Baltic dry index fell 9.5% last week; Capesize Index was down 10.0%; Panamax Index fell 11.9%; Supramax Index was down 3.6%; Handysize Index was unchanged.
Oversupply across the board…
Rig Count Weekly – April 11, 2011
Number of crude oil drilling rigs rose for 9; Number of natural gas drilling rigs fell for 14.
On world scale number of oil & gas drilling rigs fell for 92 in February.
Tanker Weekly – April 11, 2011
Baltic Dirty Tanker Index fell 5.5%; Baltic Clean Tanker Index was down 1.8%.
Back to the same old story…oversupply…