Armada Intelligence
Category archives for: Raw Materials

Baltic Dry Index Improves More

BDI

We weren’t one of those discounting the Baltic Dry Index when it plunged earlier this year. So, we earned the right to talk about it now that it is improving. In fact, we can say that is has gained about 61% of its value since mid-February when it hit 509 points. Today, it has moved […]

Crude Oil Production Highest Since 1972 – How? $

FRED0610153

Producers in the United States produced more crude oil domestically than we have seen in 43 years – dating back to 1972. The daily average for oil production was 9.6 million barrels, about 1.2 million barrels a day higher than we saw a year ago. This is interesting, but it also begs the question as […]

Fuel Prices Rising – Slightly.

gasprices

As we continue into the busy summer driving season, we are seeing fuel prices increases across the board.  Regular gasoline is still about 90 cents cheaper than they were a year ago. Prices are just up about 9 cents a gallon from where they were just a month ago.   Diesel also remains in the […]

Rig Count vs. Production – How does this work? $

FRED529152

We heard this week that US crude oil production hit 9.6 million barrels a day, a record that we haven’t seen since the early 1970’s. And, that was an increase over the 9.3 million barrel per day rate we saw in the prior week.

Gasoline and Diesel Prices Gaining on 2014.

NAP

For the majority of 2015, year-over-year gas and diesel prices have been consistently $1.00 a gallon higher than they were last year. The latest report from the AAA’s Daily Fuel Gauge Report shows that regular gasoline is now about .99 cents lower than it was a year ago.  Diesel is still about $1.05 lower.  But, […]

Industrial Metals Performing Better.

industrial

When we look at the industrial metals complex, we can see some stronger performance in some of the metals. The entire industrial metals group is up 7.9% in the past thirty days and 2.4% YTD. Aluminum is doing better as a specific commodity, up 6.8% in the last month and 2.5% higher YTD.   Copper […]

Ag Commodities Getting Crushed.

AG

It’s early in the year, but agricultural commodities are getting crushed as oversupply and weaker global demand start to weigh on prices. The S&P GSCI Indices show us the last 35 days and the YTD performance in the sector.   The top line agriculture segment is down 12.4% YTD and nearly 3% in just the […]

Weaker Dollar, Geopolitics, and Oil Sees Nearly $60 a Barrel. $

Crude050115

We talked a little bit about this last week, but as the US dollar weakens, energy prices will instantly respond by increasing.   As we can see in the six month chart from Nasdaq at right, West Texas Intermediate has increased from $46 a barrel to nearly $60 in trading on Thursday. Some of this was […]

Brent Crude Surges on Iran Naval Vessel Boarding Rumor. $

crude042915

Brent North Sea Crude has shot up (slightly) to $64.52 a barrel on a report out today that Iran boarded a foreign flagged vessel.  The vessel was the Maersk Tigris, a ship flying under the Marshall Islands flag. According to US sources, Iranian gunboats fired across the bow of the cargo ship and “forced it […]

What the Transports are Telling Us about the Economy.

It’s a theme we continue to write about. Transportation continues to be one of the key barometers of economic activity. When the transportation sector is moving, America is moving (to borrow an old phrase).   There are also two different components to transportation that we have to consider. Those segments that move raw materials are […]

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