Rig Count Weekly – January 23, 2011
Number of crude oil drilling rigs rose for 9; Number of natural gas drilling rigs fell for 4.
Global Macro Perspectives
Number of crude oil drilling rigs rose for 9; Number of natural gas drilling rigs fell for 4.
Baltic Dirty Tanker Index fell 7.6%; Baltic Clean Tanker Index rose 0.2%.
My comment remains the same: too many available ships for the cargoes offered. From the crude oil demand side it also feels the bullishness from the end of the last year has abated.