DOE CRUDE STATS | April 30, 2014

April 30, 2014

U.S. crude oil inventories rose by +1698k bbl in the week ended April 25, while Cushing stocks decreased by -612k bbl. Distillate inventories grew by +1936k bbl and gasoline inventories rose by +1564k 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 +1.7.....

CFTC COT | April 28, 2014

Commitments of Traders Report – April 28, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 22. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, heating oil, Brent and gasoline, but decreased in WTI during the reference week. Non-commercials net length in natural gas grew by +5.0k to +409.4k in futures and increased by +14.3k to +533.8k in futu.....

OIL PRICE MONITOR | April 25, 2014

April 25, 2014

Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Singap.....

NORTH AMERICAN RIG WATCH | April 25, 2014

April 25, 2014

Baker Hughes shows 1,857 active rigs as of April 25, 2014, higher by +31 from the previous week. Oil rigs increased by +24 to 1,534 (ht: +16; vt-dir: +8) while gas-directed rigs increased by +7 to 323 (ht: +5; vt-dir: +2). Horizontal oil rigs increased by +8 to 111 in Anadarko (OK) and vertical/directional oil rigs increased by +5 to 210 in the Permian (TX). Gas-directed horizontal rigs increased by +3 to 24 in Marcellus ( NEPA ).

NGL MARKET RECAP | April 23, 2014

April 23, 2014

In Focus: Ethane exports The announcement today from Enterprise that it intends to move forward with an ethane export terminal isn’t too much of a surprise – the partnership has been touting the fundamental length in the product for some time, and has indicated it would pursue such a project given sufficient commercial interest. The question remains, however, whether Enterprise has received firm commitments from international petrochemical producers. To make this a really credible investment.....

DOE CRUDE STATS | April 23, 2014

April 23, 2014

U.S. crude oil inventories rose by +3524k bbl in the week ended April 18, while Cushing stocks fell by -788k bbl. Distillate inventories increased by +597k bbl and gasoline inventories declined by -274k 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 : Grew by +3.52m .....

CFTC COT | April 21, 2014

Commitments of Traders Report – April 21, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 15. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, Brent, gasoline and WTI , but decreased in heating oil during the reference week. Non-commercials net length in natural gas grew by +5.3k to +404.4k in futures and increased by +13.0k to +519.6k in fut.....

OIL PRICE MONITOR | April 17, 2014

April 17, 2014

Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Singap.....

NORTH AMERICAN RIG WATCH | April 17, 2014

April 17, 2014

Baker Hughes shows 1,826 active rigs as of April 17, 2014, lower by -1 from the previous week. Oil rigs decreased by -7 to 1,510 (ht: -2; vt-dir: -5) while gas-directed rigs increased by +6 to 316 (ht: +2; vt-dir: +4). Horizontal oil rigs decreased by -10 to 103 in Anadarko (OK) and vertical/directional oil rigs increased by +3 to 205 in Permian (TX). Gas-directed horizontal rigs increased by +3 to 27 in Marcellus ( SWPA ).

NGL MARKET RECAP | April 16, 2014

April 16, 2014

In Focus: Market Insight (and expanded charts) In addition to record liquefied petroleum gas ( LPG ) exports, if recently-announced condensate splitters go ahead as planned, the US will also have excess light naphtha to export. Both of these products compete as feedstock for petrochemical production. But because of propane’s greater seasonality and its use for on-purpose propylene (propane dehydrogenation or PDH ), increased paraffinic naphtha availability shouldn’t necessarily be viewed as.....