We had 15 more oil drilling rigs operating and 5 natural gas operating rigs less for the week ending May 7 in the U.S. On world scale, we had 60 more drilling rigs in April. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes […]

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As usual all the data from China cones at the same time. So, let’s start. In short: China trade balance for April was marginally positive, but in my opinion the China ability to run large trade surplussed is lost and will not return in short term. Implications are diverse, maybe most important the quantity of […]

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