Armada Intelligence
Category archives for: Raw Materials

World Food Prices Plummet – Not Helping Consumer Spending. $

This isn’t exactly a raw material story, but it does have a significant impact on what happens to commodity prices. The FAO under the United Nations publishes its World Food Price Index report – we’ve covered it in the past.

Getting Winds of Tougher Petroleum Investment Ahead $

  We may not fully comprehend what lower crude oil prices are going to do to the broader economy. When we measure the investment and capital spending of the petroleum sector, we do it in billions of dollars.   Private investment by the world’s biggest petroleum firms can collectively top $80 billion or more in […]

US Dollar Killing Grain Exports. $

Analysts who watch commodities are calling it a “selloff”. Commodities across the entire spectrum have experienced a sharp selloff – resulting in key commodities indexes visiting 13-year lows.   A strong US dollar is forcing grain marketers to miss out on buying opportunities all over the world. A major contract order from Egypt yesterday for […]

Watching Oil Approach the $50 mark.

Crude oil prices fought to remain above $50 a barrel today. As you know by now, we have taken a fairly cynical view of crude oil prices because we feel that the price is more pegged to the US dollar, and less about its supply/demand relationship. It’s almost humorous to listen to CNBC or Bloomberg […]

Two Interesting Perspectives on New Oil Production. $

oil drilling rig

I wish I could have remembered the source on these figures; I heard the data on the way to work listening to Bloomberg Intelligence and have gone to the Bloomberg site to try and find the person – so that I can give them credit. But, there was an interview this morning with an expert […]

What Caused Oil Volatility? $

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We have noticeably cut down on our coverage of the changes in oil prices based on supply/demand dynamics as you know. There is so much speculation and analytical work being done to try and figure out where oil is headed based on supply and demand.

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? $

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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? $

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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.

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