NORTH AMERICAN RIG WATCH | March 30, 2013

March 29, 2013

Baker Hughes reported its rig count on Thursday this week and newswires originally posted the following headline: “Gas rigs down by 29 week-on-week.” That headline is misleading and the large drop reflects a re-classification of horizontal rigs in Eagle Ford. According to Baker Hughes, horizontal gas rigs in Eagle Ford dropped by 27, while horizontal oil rigs in the formation increased by the exact same amount. STATS reported a decrease of 1 rig and a decrease of 2 rigs in Eagle Ford horizonta.....

DOE CRUDE STATS | March 27, 2013

March 27, 2013

U.S. crude oil inventories grew by +3256k bbl in the week ended March 22, while Cushing stocks built by +439k bbl. Distillate inventories decreased by -4513k bbl and gasoline inventories declined by -1596k 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 : Built by +3.26.....

CFTC COT | March 22, 2013

Commitment of Traders Report - March 22, 2013

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 19, 2013. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercials increased net length in WTI , natural gas and RBOB this week. Non-commercials net length in WTI grew by +16k to 336.7k in futures and by +15.8k to 380......

NORTH AMERICAN RIG WATCH | March 22, 2013

March 22, 2013

STATS shows 1,649 active rigs as of March 22, 2013, higher by +10 for the week. Rigs drilling for oil increased by +10 to 1,289 (ht: +13; vt-dir: -3) and gas rigs were unchanged at 360 (ht: +5; vt-dir: -5). Horizontal oil rigs increased by +8 to 185 in the Bakken (ND) and by +5 to 184 in the Eagle Ford (TX). Total rigs drilling in the Marcellus ( NEPA ) were unchanged at 42 last week, according to STATS . Baker Hughes shows 1,742 active rigs as of March 22, 2013, lower by -30 for the week, h.....

OIL PRICE MONITOR | March 22, 2013

March 22, 2013

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.

DOE CRUDE STATS | March 20, 2013

March 20, 2013

U.S. crude oil inventories fell by -1314k bbl in the week ended March 15, while Cushing stocks decreased by -286k bbl. Distillate inventories declined by -672k bbl and gasoline inventories drew -1476k 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 : Declined by -1.31m .....

CFTC COT | March 18, 2013

CORRECTION: Commitment of Traders Report - March 15, 2013

The CFTC report sent out last Friday contained an error. Accumulated AUMs table on page 4 of the report showed identical volumes for March 5 and March 12. The numbers have been updated. Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 12, 2013. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline,.....

OIL PRICE MONITOR | March 15, 2013

March 15, 2013

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.

NORTH AMERICAN RIG WATCH | March 15, 2013

March 15, 2013

STATS shows 1,639 active rigs as of March 15, 2013, higher by +4 for the week. Rigs drilling for oil decreased by -2 to 1,279 (ht: +8; vt-dir: -10) and gas rigs increased by +6 to 360 (ht: +2; vt-dir: +4). Horizontal oil rigs increased by +9 to 179 in the Eagle Ford (TX), while horizontal gas rigs drilling in the Marcellus ( SWPA ) increased by +3 to 24. Horizontal gas rigs in were up by +1 and reached 11. Baker Hughes shows 1,772 active rigs as of March 15, 2013, higher by +24 from the prev.....

DOE CRUDE STATS | March 13, 2013

March 13, 2013

U.S. crude oil inventories increased by +2624k bbl in the week ended March 8, while Cushing stocks fell by -1526k bbl. Distillate inventories rose by +83k bbl and gasoline inventories drew -3571k 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 +2.62m bbl .....