Rig Count Weekly – May 1, 2011
Number of crude oil drilling rigs rose for 13; Number of natural gas drilling rigs rose for 4.
Global Macro Perspectives
Number of crude oil drilling rigs rose for 13; Number of natural gas drilling rigs rose for 4.
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. 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.