February 19th, 2010 by Belisarius
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 […]
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February 19th, 2010 by Belisarius
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 […]
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February 19th, 2010 by Belisarius
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 […]
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February 19th, 2010 by Belisarius
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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