By the Numbers
U.S. Airline Cargo Data (Preliminary), February 2020
| April 27, 2020 | Air Cargo | Freighters | By The Numbers
U.S. airlines carried 0.4% less cargo by weight in February 2020 than in February 2019, data filed by 15 of the leading cargo airlines. The 15 airlines carry more than 95% of the total cargo by weight on U.S. airlines. Cargo data consists of freight and mail carried within the U.S. and between the U.S. and foreign points.
Drewry Port Throughput Indices
| April 24, 2020 | Maritime | Liner Shipping | By The Numbers
The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide, representing over 75% of global volumes. The base point for the indices is January 2012 = 100.
Gasoline, the refiner’s favorite child, is the key fuel behind the global oil demand doom
| April 24, 2020 | Energy | Conventional | By The Numbers
As the global population puts the breaks on ground transportation thanks to lockdowns, road fuels – which make up about half of the world’s oil demand – has become the segment most impacted by the Covid-19 pandemic.
COVID-19 mitigation efforts result in the lowest U.S. petroleum consumption in decades
| April 23, 2020 | Energy | Conventional | By The Numbers
U.S. consumption of petroleum products has fallen to its lowest level in decades because of measures that limit travel and because of the general economic slowdown induced by mitigation efforts for the coronavirus disease 2019 (COVID-19).
East/West head haul capacity down 17% YoY in May, reveals eeSea data
| April 23, 2020 | Maritime | Liner Shipping | By The Numbers
New analysis conducted by maritime intelligence company eeSea has revealed the extent of the impact of COVID-19 on global container shipping capacity.
US fracking set for the biggest monthly decline in history as oil prices collapse
| April 23, 2020 | Energy | Conventional | By The Numbers
The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is likely to cause the largest monthly drop in fracking activity ever recorded in the US, a Rystad Energy analysis shows.
Global OCTG demand to decline by 15% in 2020 and prices set to fall; US to take the biggest hit
| April 22, 2020 | Energy | Conventional | By The Numbers
The energy metals sector is bracing for a major backlash, as the Covid-19 pandemic and low oil prices are taking a heavy toll on global demand for OCTG (oil country tubular goods).
ATA Truck Tonnage Index Rose 1.2% in March
| April 22, 2020 | Intermodal | Trucking | By The Numbers
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 1.2% in March after increasing 1.8% in February. In March, the index equaled 120.4 (2015=100) compared with 119 in February.
US DOT: February 2020 North American Transborder Freight Numbers
| April 22, 2020 | Intermodal | Trucking | By The Numbers
Transborder freight between the U.S. and other North American countries (Canada and Mexico) in February 2020
China’s Precious Metals Retail Trade Revenue Slump by 47%
| April 21, 2020 | International Trade | Commodity | By The Numbers
Data gathered by Learnbonds.com indicates that revenue from the Chinese retail trade of precious metals has dropped by 47%. The slump in revenue from the trade of gold, silver, and jewelry mainly occurred between January and March this year.
ReCAAP Reports 1 act of piracy and 3 acts of armed robbery against ships in Asia
| April 21, 2020 | Maritime | By The Numbers
During 14-20 April 2020, four incidents of piracy and armed robbery against ships in Asia were reported to the ReCAAP ISC.
Seismic oil industry revenues to nearly evaporate in 2020
| April 21, 2020 | Energy | Conventional | By The Numbers
The Covid-19 pandemic and the current low-oil-price environment have pushed global exploration and production operators to cut costs, scrapping all but the most vital of their investment plans.
Canada, Iraq and Venezuela lead the 2 million BPD wave
| April 21, 2020 | Energy | Conventional | By The Numbers
After three consecutive months of Covid-19 demand destruction and gravity-defying oil prices, operators are finally being forced to shut-in considerable production volumes. Globally, at least 1.9 million barrels per day (bpd) of oil production have been booted offline in April according to Rystad Energy estimates. In May, this will likely grow to at least 2 million bpd.
Two of Rystad Energy’s analysts adding comments on the WTI collapse:
| April 20, 2020 | Energy | Conventional | By The Numbers
The intraday WTI destruction today is certainly epic in scale, which is largely a case of jitters ahead of the WTI May 2020 futures contract expiring tomorrow and storage fears finally materializing. But if you have been watching the physical spot prices in the North Sea, currently trading in the $15-18 range, this drop in WTI May 2020 futures isn’t as shocking.
U.S. total energy exports exceed imports in 2019 for the first time in 67 years
| April 20, 2020 | Energy | Conventional | By The Numbers
Energy exports from the United States reached an all-time high of 23.6 quadrillion British thermal units (quads) in 2019, marking the first time in 67 years that annual U.S. gross energy exports exceeded U.S. gross energy imports, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review.
February Likely The Last Positive Month For FTR’s Trucking Conditions Index Until 2021
| April 20, 2020 | Intermodal | Trucking | By The Numbers
Sharp declines in freight volumes, utilization, and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year, according to FTR’s projections for the Trucking Conditions Index (TCI).
Millions of Orchids Are Being Thrown Out by Top World Exporter
| April 18, 2020 | International Trade | By The Numbers
As global tourism collapses, so does the orchid industry in top exporter Thailand, where the flowers are regarded as a symbol of hospitality.
$20 oil will not devastate UK production, but its not a pretty picture
| April 17, 2020 | Energy | Conventional | By The Numbers
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world. Even if prices reach this threshold, the UK will avoid shut-ins and exploration is likely to continue in 2020, although cash flow and project sanctioning will suffer, a Rystad Energy impact analysis shows.
Brazil tops savers list as countries with currencies hit by COVID-19 see production costs shrinking
| April 17, 2020 | Energy | Conventional | By The Numbers
As most operating expenses in oil and gas production are realized in local currencies, a Rystad Energy analysis shows that lifting costs per barrel of oil equivalent (opex by produced boe), could drop significantly, with Brazil being the world’s top dollar saver per barrel.
Rystad Energy’s comment on Monday’s oil prices
| April 13, 2020 | Energy | Conventional | By The Numbers
Oil prices were already at higher levels than they should be before the OPEC+ and the G20 meetings due to market enthusiasm and hopes for a solution to the crisis.
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