CFTC COT
| March 23, 2012
Commitment of Traders Report - March 23, 2012
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 20. 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 during the week ended March 20 but continues to remain at relatively elevated levels. Non-commercials cut their net long position by 4.....
OIL PRICE MONITOR
| March 23, 2012
March 23, 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
| March 23, 2012
Schlumberger (Smith) STATS
STATS shows 1,901 active rigs as of March 23, 2012, up +3 rigs from a week ago. Total oil rigs were unchanged week on week (ht: +1, vt-dir: -1) and total gas rigs went up by +3 (ht: +6, vt-dir: -3). Horizontal oil rigs went up by +5 in Bakken (ND), while falling by -7 in Eagle Ford (TX). Permian (NM) gained another +5 vt-dir oil rigs. Horizontal gas rigs went up by +4 in Eagle Ford (TX), likely due to reclassification. In Granite Wash (TX) horizontal gas rigs went up by +4 and in Granite Was.....
NORTH AMERICAN RIG WATCH
| March 23, 2012
Baker Hughes
Baker Hughes shows 1,965 active rigs as of March 23, 2012, down -15 rigs from a week ago. Oil rigs went down by -4 (ht: +1, vt-dir: -5) and total gas rigs fell by -11 (ht: -7, vt-dir: -4). Horizontal oil rigs went up by +6 in Permian (NM), followed by +4 in Anadarko (TX), while falling by -5 in Anadarko (OK). Horizontal gas rigs went down by -2 in Granite Wash (TX) and by -2 in Marcellus ( NEPA ).
DOE CRUDE STATS
| March 21, 2012
March 21, 2012
U.S. crude oil inventories decreased by -1,162k bbl in the week ending March 16, while Cushing stocks drew -176k bbl. Distillate inventories built +1,763k bbl and gasoline inventories dropped by -1,214k bbl. In spite of a rise in crude oil imports in PADD II, imports nationwide declined by -492 kb/d in the week of reference. The drop was driven by a -632 kb/d weekly fall in PADD III , which was not surprising given that heavy fog reportedly affected navigation coming into the Houston Shi.....
CFTC COT
| March 16, 2012
Commitment of Traders Report - March 16, 2012
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 13. 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 went back to adding net length in WTI during the week ended March 13 after the previous week’s decline following ten weeks of gains. WTI non-commercial net le.....
OIL PRICE MONITOR
| March 16, 2012
March 16, 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
| March 16, 2012
Baker Hughes
Baker Hughes shows 1,980 active rigs as of March 16, 2012, up +14 rigs from a week ago. Oil rigs went up by +21 (ht: +21, vt-dir: unch) and total gas rigs fell by -7 (ht: -4, vt-dir: -3). Horizontal oil rigs went up by +7 in Anadarko (OK), followed by +3 in Permian (NM) and +2 in Anadarko (TX). Horizontal gas rigs went down by -8 in Haynesville (LA), while going up by +3 in Eagle Ford (TX) and +2 in Barnett (TX) and Woodford (Anadarko).
NORTH AMERICAN RIG WATCH
| March 16, 2012
Schlumberger (Smith) STATS
STATS shows 1,898 active rigs as of March 16, 2012, down -5 rigs from a week ago. Oil rigs went up by +20 (ht: +15, vt-dir: +5) and total gas rigs fell by -25 (ht: -16, vt-dir: -9). Horizontal oil rigs went up by +4 in Bakken (ND), followed by +3 in Anadarko (TX), while Permian (NM) added +4 vt-dir oil rigs. Horizontal gas rigs went down by -8 in Marcellus ( SWPA ) and by -7 in Haynesville (LA), while they went up by +3 in Marcellus (WV) and by +2 in Eagle Ford (TX).
DOE CRUDE STATS
| March 14, 2012
March 14, 2012
U.S. crude oil inventories increased by +1,750k bbl in the week ending March 9, while Cushing stocks built +2,519k bbl. Distillate inventories declined by -4,682k bbl and gasoline inventories dropped by -1,410k bbl.