CFTC COT | May 25, 2012

Commitment of Traders Report - May 25, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 22. 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 rose slightly during the week ended May 22 — a contrast from the last two reports when net length has declines sharply. Non-commercials expanded .....

OIL PRICE MONITOR | May 25, 2012

May 25, 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 | May 25, 2012

Baker Hughes

Baker Hughes shows 1,977 active rigs as of May 25, 2012, down -5 from a week ago. Oil rigs went up by +1 (ht: +3, vt-dir: -2) and total gas rigs went down by -6 (ht: -5, vt-dir: -1). Horizontal oil rigs went down by -5 in Eagle Ford (TX), followed by -3 in Anadarko (OK) and -2 in Barnett Combo (TX), while going up by +2 in Bakken (ND). Horizontal gas rigs went down by -4 in Marcellus ( SWPA ) and by -2 in Barnett (TX) and Marcellus ( NEPA ), while going up by +5 in Eagle Ford (TX) and by +2 i.....

NORTH AMERICAN RIG WATCH | May 25, 2012

Schlumberger (Smith) STATS

STATS shows 1,861 active rigs as of May 25, 2012, down -11 rigs from a week ago. Oil rigs went up by +1 (ht: +4, vt-dir: -3) and total gas rigs went down by -12 (ht: -6, vt-dir: -6). Horizontal oil rigs went up by +5 in Anadarko (OK) and by +4 in Permian (TX), while going down by -9 in Eagle Ford (TX). Vertical/Directional oil rigs went down by -7 in Permian (TX). Horizontal gas rigs went down by -4 in Granite Wash (TX) and by -3 in Granite Wash (OK), while going up by +2 in Eagle Ford (TX) .....

DOE CRUDE STATS | May 23, 2012

May 23, 2012

U.S. crude oil inventories increased by +883k bbl in the week ended May 18, while Cushing stocks built +1,668k bbl. Distillate inventories drew -309k bbl and gasoline inventories dropped by -3,299k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Built +0.9m bbl (vs. the API estimate of +1.5m bbl), driven by an increase of +1.48m bbl in PADD II. Stocks in Cushing rose by +1.7m bbl (vs. the API estimate of +0.5m bbl) and n.....

CFTC COT | May 18, 2012

Commitment of Traders Report - May 18, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 15. 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 declined across the petroleum complex during the week ended May 15 but at a relatively milder pace compared to last week. Non-commercials reduced net leng.....

OIL PRICE MONITOR | May 18, 2012

May 18, 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 | May 18, 2012

Baker Hughes

Baker Hughes shows 1,982 active rigs as of May 18, 2012, up +12 from a week ago. Oil rigs went up by +10 (ht: +2, vt-dir: +8) and total gas rigs went up by +2 (ht: +4, vt-dir: -2). Horizontal oil rigs went up by +4 in Bakken (ND) and by +2 in Permian (NM), while going down by -3 in Anadarko (OK). Horizontal gas rigs went up by +6 in Eagle Ford (TX) and by +2 in Granite Wash (TX).

NORTH AMERICAN RIG WATCH | May 18, 2012

Schlumberger (Smith) STATS

STATS shows 1,872 active rigs as of May 18, 2012, up +7 rigs from a week ago. Oil rigs went up by +14 (ht: -3, vt-dir: +17) and total gas rigs went down by -7 (ht: -8, vt-dir: +1). Horizontal oil rigs went up by +3 in Permian (TX), while going down by -3 in Monterey (CA) and by -2 in Anadarko (TX) and Eagle Ford (TX). Vertical/Directional oil rigs went up by +5 in Monterey (CA), followed by +3 in Eagle Ford (TX) and +2 in Permian (TX). Horizontal gas rigs went up by +2 in Marcellus ( SWPA ).....

DOE CRUDE STATS | May 16, 2012

May 16, 2012

U.S. crude oil inventories increased by +2,128k bbl in the week ended May 11, while Cushing stocks built +1,000k bbl. Distillate inventories drew -969k bbl and gasoline inventories dropped by -2,797k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Built +2.13m bbl (vs. the API estimate of +6.6m bbl), driven by an increase of +1.05m bbl in PADD III . Stocks in Cushing rose by +1.0m bbl and now stand at 45.1m bbl. Gasoline .....