Squawk / 28 October 2015 at 22:02 GMT
Commercial Manager / Company of Romania
Romania
A fake balance of trading for US or just a demand decrease before an industrial crisis?
The import of Industrial Products including Oil and Petroleum Products, the Capital Goods, Automotive and Vehicles decreased significantly so here is the higher US Trading Balance today for September! The same will happen next month when the October will be reported, but the oil and petroleum imports (already reported with significant decrease for this month) will increase the balance again. On the other side, the reversal will come: the huge stock of oil and soon the distillates increases (now refineries are up 87.6% but to the end of November there is no refinery in the Plan for Outages and the Production Capacity will increase to almost 95-98%).
3y
FireWire FireWire
The low import level from last week revealed an extraordinary offer and an import of 1.19 million barrels per day from Saudi Arabia. The low import of distillates this month affected progressive the decrease of stocks till 3 millions. With the newest 8 oil rigs last week in Canada the oil import is expected to get back on the line of 3-3.5 million barrels per day (these weeks was just 2.72, 2,86, 2,78 and 2,86 millions per day).
3y
FireWire FireWire
The drilling/rig capacity for extraction is already reported that will be maintained at the highest capacity till November (the report is just for 2 month in advance). The drillers will extract more and will just cut the costs to compete the price from Canada, Saudi Arabia, Venezuela (there is a global glut and a poor demand due to the very slow growth of jobs and industry).
3y
FireWire FireWire
Now I’m asking what will be if a rate hike will arrive? Higher debts and bills, another decrease of mortgages and loans, a poor business climate, another industry decrease?
I’m so happy when the Consumer Confidence and other irrelevant surveys show so much optimism. When about the analysts they are like shamans: just gods without numbers and fundamentals.
With all of this where is the real economy improvement and where is the DEMAND?
3y
colinwbarnes colinwbarnes
never mind all of that...apple is selling lots of phones

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