CFTC COT | June 08, 2012

Commitment of Traders Report - June 8, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 5. 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 reduced net length in WTI for the fourth time in five weeks during the week ended June 5. Non-commercials cut net length by 15.7k to 208.8k in futures and by 7.2k.....

OIL PRICE MONITOR | June 08, 2012

June 8, 2012

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 weekly DOE EIA data.

NORTH AMERICAN RIG WATCH | June 08, 2012

Baker Hughes

Baker Hughes shows 1,979 active rigs as of June 8, 2012, up +5 from a week ago. Oil rigs went up by +28 (ht: +12, vt-dir: +16) and total gas rigs went down by -23 (ht: -18, vt-dir: -5). Horizontal oil rigs went up by +5 in Anadarko (TX) and +3 in Permian (TX), while going down by -2 in Bakken (ND). Vertical/directional oil rigs went up by +3 in Eagle Ford (TX) and +2 in Bakken (ND). Horizontal gas rigs went down by -5 in Eagle Ford (TX) and Haynesville (LA), followed by a fall of -4 rigs in G.....

NORTH AMERICAN RIG WATCH | June 08, 2012

Schlumberger (Smith) STATS

STATS shows 1,847 active rigs as of June 8, 2012, up +9 rigs from a week ago. Oil rigs went up by +15 (ht: +12, vt-dir: +3) and total gas rigs went down by -6 (ht: -5, vt-dir: -1). Horizontal oil rigs went up by +5 in Eagle Ford (TX) and by +3 in Bakken (ND), while going down by -2 in Monterey (CA). Vertical/Directional oil rigs went up by +6 in Permian (TX), while going down by -2 in Eagle Ford (TX). Horizontal gas rigs went down by -3 in Marcellus ( NEPA ) and by -2 in Eagle Ford (TX), whi.....

DOE CRUDE STATS | June 06, 2012

June 6, 2012

U.S. crude oil inventories decreased by -111k bbl in the week ended June 1, while Cushing stocks built +926k bbl. Distillate inventories increased by +2,253k bbl and gasoline inventories grew by +3,346k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Drew -0.11m bbl (vs. the API estimate of -1.8m bbl), driven by a decrease of -3.89m bbl in PADD V that offset a build of +2.77m bbl in PADD II. Stocks in Cushing rose by +0.93.....

CFTC COT | June 01, 2012

Commitment of Traders Report - June 1, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 29. 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-commercial net length in WTI declined a bit during the week ended May 29 while the price of WTI was almost unchanged at $90.76 (w-o-w change of -1%) on May 29. Non-commerci.....

OIL PRICE MONITOR | June 01, 2012

June 1, 2012

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 weekly DOE EIA data.

NORTH AMERICAN RIG WATCH | June 01, 2012

Baker Hughes

Baker Hughes shows 1,974 active rigs as of June 1, 2012, down -3 from a week ago. Oil rigs went up by +3 (ht: -6, vt-dir: +9) and total gas rigs went down by -6 (ht: -2, vt-dir: -4). Horizontal oil rigs went down by -2 in Anadarko (OK) and Anadarko (KS), while going up by +2 in Permian (TX). Vertical/directional oil rigs went up by +3 in Permian (TX) and Permian (NM). Horizontal gas rigs went down by -2 in Woodford (Anadarko) and Woodford (Arkoma).

NORTH AMERICAN RIG WATCH | June 01, 2012

Schlumberger (Smith) STATS

STATS shows 1,838 active rigs as of June 1, 2012, down -23 rigs from a week ago. Oil rigs went down by -6 (ht: +4, vt-dir: -10) and total gas rigs went down by -17 (ht: -11, vt-dir: -6). Horizontal oil rigs went up by +3 in Bakken (MT), while going down by -3 in Bakken (ND) and -2 in Anadarko (OK). Vertical/Directional oil rigs went up by +4 in Bakken (ND), while going down by -18 in Permian (TX). Horizontal gas rigs went down by -3 in Marcellus ( NEPA ) and by -2 in Granite Wash (TX) and Ha.....

DOE CRUDE STATS | May 31, 2012

May 31, 2012

U.S. crude oil inventories increased by +2,213k bbl in the week ended May 25, while Cushing stocks built +54k bbl. Distillate inventories drew -1,709k bbl and gasoline inventories dropped by -833k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Built +2.21m bbl (vs. the API estimate of -0.4m bbl), driven by an increase of +0.98m bbl in PADD V. Stocks in Cushing were almost flat at +0.05m bbl (vs. the API estimate of -0.6m .....