CRUDE LOADINGS REPORT | April 05, 2017

April 5, 2017

Announced OPEC and Non- OPEC production cuts went into effect on January 1, 2017. Production cuts may not immediately result in lower loading volumes, but market participants are closely monitoring 1H 2017 loadings. OPEC and Non- OPEC participants covered in our report are Angola, Iraq, Russia, Kazakhstan, Azerbaijan, and Equatorial Guinea. May NSea and WAF loadings will increase to 2.1 mb/d and 3.94 mb/d, respectively, up by +55 kb/d and +157 kb/d from their revised April levels. Apri.....

DOE CRUDE STATS | April 05, 2017

April 5, 2017

Major data points: U.S. crude oil inventories grew by +1566k bbl in the week ended March 31, while Cushing stocks rose by +1413k bbl. Distillate inventories decreased by -536k bbl and gasoline inventories declined by -618k bbl. We also remind our clients that in-depth analysis of DOE weekly petroleum statistical releases can be conducted using the “Commodities Analytical Toolkit” in the Data Portal section of our website ( www.lcmc-research.com ). Expanded Commentary: Crude oil inven.....

CFTC COT | April 03, 2017

Commitments of Traders Report – April 03, 2017

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 28. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas and heating oil , but decreased in Brent, gasoline, gasoil and WTI during the reference week. Non-commercials net length in natural gas rose by +5.6k to +405.9k in futures and grew by +13.3k to .....

NORTH AMERICAN RIG WATCH | March 31, 2017

March 31, 2017

Baker Hughes shows 822 active rigs as of March 31, 2017, higher by +15 from the previous week. Oil rigs increased by +10 to 662 (ht: +12; vt-dir: -2), and gas-directed rigs increased by +5 to 160 (ht: unch; vt-dir: +5). Horizontal oil rigs increased by +3 in Permian (TX), by +3 in Eagle Ford (TX), by +1 in Anadarko (TX) and by +7 in Other areas not associated with a specific play, while decreasing by -1 in Anadarko (OK) and by -1 in Bakken (ND). Horizontal gas rigs increased +1 by Haynesville (L.....

NGL MARKET RECAP | March 29, 2017

March 29, 2017

Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.

DOE CRUDE STATS | March 29, 2017

March 29, 2017

Highlights: U.S. crude oil inventories increased by +867k bbl in the week ended March 24, while Cushing stocks fell by -220k bbl. Distillate inventories declined by -2483k bbl and gasoline inventories fell by -3747k bbl. We also remind our clients that in-depth analysis of DOE weekly petroleum statistical releases can be conducted using the “Commodities Analytical Toolkit” in the Data Portal section of our website ( www.lcmc-research.com ). Expanded Commentary: Crude oil inventories .....

CFTC COT | March 27, 2017

Commitments of Traders Report – March 27, 2017

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 21. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas , but decreased in Brent, gasoline, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas increased by +39.2k to +400.3k in futures and rose by +34.7k .....

NORTH AMERICAN RIG WATCH | March 24, 2017

March 24, 2017

Baker Hughes shows 807 active rigs as of March 24, 2017, higher by +19 from the previous week. Oil rigs increased by +21 to 652 (ht: +13; vt-dir: +8), and gas-directed rigs decreased by -2 to 155 (ht: +2; vt-dir: -4). Horizontal oil rigs increased by +7 in Anadarko (OK), by +3 in Permian (NM), by +3 in Eagle Ford (TX), by +1 in Bakken (ND) and by +1 in Other areas not associated with a specific play, while decreasing by -2 in Permian (TX). Horizontal gas rigs increased by +2 in Marcellus (WV) an.....

DOE CRUDE STATS | March 22, 2017

Expanded Commentary

U.S. crude oil inventories increased by +4954k bbl in the week ended March 17, while Cushing stocks grew by +1419k bbl. Distillate inventories declined by -1910k bbl and gasoline inventories fell by -2811k bbl. We also remind our clients that in-depth analysis of DOE weekly petroleum statistical releases can be conducted using the “Commodities Analytical Toolkit” in the Data Portal section of our website ( www.lcmc-research.com ). Major data points: Crude oil inventories : Increased by.....

NGL MARKET RECAP | March 22, 2017

March 22, 2017

Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.