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Saturday, July 30, 2016

Baltic Dry Index - 656

Today, Friday, July 29 2016, the Baltic Dry Index decreased by 9 points, reaching 656 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 463

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 463.
A year ago, 874 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.
Houston oilfield services company Baker Hughes Inc. said Friday that 374 rigs sought oil and 86 explored for natural gas this week. Three were listed as miscellaneous.
Among major oil- and gas-producing states, Louisiana and New Mexico each gained two, while Colorado, Ohio, Oklahoma and Pennsylvania were up one apiece.
Texas declined by three, Alaska and West Virginia by two each and Utah by one.
Arkansas, California, Kansas, North Dakota and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Wednesday, July 27, 2016

Saturday, July 23, 2016

Baltic Dry Index - 718

Today, Friday, July 22 2016, the Baltic Dry Index decreased by 8 points, reaching 718 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US Rig Count - 462

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 15 this week to 462.
A year ago, 876 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.
Houston oilfield services company Baker Hughes Inc. said Friday that 371 rigs sought oil and 88 explored for natural gas this week. Three were listed as miscellaneous.
Among major oil- and gas-producing states, Texas gained 15, California was up by two and New Mexico gained one.
Louisiana declined by two. Alaska and Kansas each lost one.
Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Monday, July 18, 2016

Why is the whole world silent on the ruling against China?

https://sg.news.yahoo.com/asia-europe-summit-omits-mention-000000436.html

The whole world knows that PCA is not a real court now and will not support a spurious ruling against China. There cannot be 2 international courts in this world. If not, when a country is unhappy with the ruling in 1 international court, it can go to another international court. Supporting a spurious ruling will make a mockery of international laws and undermine the authority of international court.

Singapore stock calls for 18 July 2016


Saturday, July 16, 2016

USA is finding trouble with China again after its failed attempt at South China Sea issue.

http://www.scmp.com/business/global-economy/article/1990051/us-china-clash-over-market-economy-status-wto

ASEAN and EU know about the illegitimate status of PCA and the judgement and are silent about the South China Sea ruling.  Therefore, USA knows it has failed in its attempt and decides to attack China in WTO.