Global Macro Perspectives
(For The Week Ending October 15, 2010) Number of crude oil drilling rigs rose for 5; Number of natural gas drilling rigs fell for 5. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count
Baltic dry index rose 2.4% last week; Capesize Index was up 6.6%; Panamax Index fell 6.2%; Supramax Index was down 1.9%; Handysize Index was down 3.8%. Capesizes still leading on iron ore demand from China. Strange that other vessel classes and not following… Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart […]
(For The Week Ending October 15, 2010) Baltic Dirty Tanker Index fell 4.0%; Baltic Clean Tanker Index was unchanged. Even though the strike in France keeps vessels employed (at anchor) – the market is still oversupplied. Rates are bellow operating costs. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
(For The Week Ending October 9, 2010) U.S. railroads originated 297,029 carloads, up 8.6% compared with the same week in 2009, but down 7.2% compared with 5-year average. Week over week change was -0.8%. Chart 1. Association of American Railroads U.S. Freight Carloads
(For The Week Ending October 8, 2010) Crude oil stocks fell 0.4 million barrels for the week ending October 8, 2010; Gasoline stocks fell 1.8 million barrels; Distillate stocks were down 0.3 million barrels; Propane/propylene stocks rose 0.3 million barrels; Other oils stocks fell 2.1 million barrels; Total crude oil and petroleum stocks were 4.5 […]
(For The Week Ending October 8, 2010) Working gas in storage rose 91 Bcf from previous week. Consensus was at 92 Bcf. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
(For The Week Ending October 8, 2010) Number of crude oil drilling rigs rose for 3; Number of natural gas drilling rigs rose for 9. On world scale number of drilling rigs rose for 35 rigs in September. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes […]
Baltic dry index rose 10.0% last week; Capesize Index was up 19.2%; Panamax Index fell 0.4%; Supramax Index rose 2.8%; Handysize Index was down 0.5%. So, capesizes again leading. Strong iron ore demand from China. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart 3. Baltic Dry Index Components Chart 4. […]
(For The Week Ending October 8, 2010) Baltic Dirty Tanker Index rose 10.7%; Baltic Clean Tanker Index fell 0.3%. Probably a short term mismatch (strike in France) in supply and demand pushed dirty rates up. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
(For The Week Ending October 2, 2010) U.S. railroads originated 299,394 carloads, up 7.8% compared with the same week in 2009, but down 6.9% compared with 5-year average. Week over week change was -0.5%. Chart 1. Association of American Railroads U.S. Freight Carloads
(For The Week Ending October 1, 2010) Working gas in storage rose 85 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
(For The Week Ending October 1, 2010) Crude oil stocks rose 3.1 million barrels for the week ending October 1, 2010; Gasoline stocks fell 2.6 million barrels; Distillate stocks were down 1.1 million barrels; Propane/propylene stocks rose 0.6 million barrels; Other oils stocks were up 1.0 million barrels; Total crude oil and petroleum stocks were […]
(For The Week Ending October 1, 2010) Number of crude oil drilling rigs rose for 14; Number of natural gas drilling rigs fell for 5. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count
(For The Week Ending September 24, 2010) U.S. railroads originated 300,908 carloads, up 10.8% compared with the same week in 2009, but down 6.7% compared with 5-year average. Week over week change was -1.2% (due to Labor day). Chart 1. Association of American Railroads U.S. Freight Carloads
Baltic dry index rose 0.3% last week; Capesize Index was up 9.5%; Panamax Index fell 11.3%; Supramax Index fell 1.9%; Handysize Index was down 2.9%. So, capesize gains offset other component losses. Data flow is tainted by holiday season in China (Mid Autumn Festival – from September 22 to September 24 and National Day – from October 1 to […]