DOE CRUDE STATS | September 08, 2011

September 08, 2011

September 8, 2011 Perhaps the most vivid illustration of Hurricane Irene’s impact on the U.S. crude oil activity is the 420 kb/d drop in crude refinery runs in PADD I during the reference week, the single largest one-week decline ever recorded in the district. In hindsight, last week’s 589 kb/d jump in crude imports along the East Coast can be interpreted as likely precautionary offloading before Irene struck, so this week’s 769 kb/d drop was largely a drop-back after the prior week’s high. .....

CFTC COT | September 02, 2011

Commitment of Traders Report - September 2, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 30. 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. WTI data for the week ended August 30 show increased length in the market. Non-commercials extended net length by 17.5k to 219.5k in futures, and by 21.6k to 270.3k in futures .....

OIL PRICE MONITOR | September 02, 2011

September 02, 2011

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 | September 02, 2011

Schlumberger (Smith) STATS

STATS shows 1,792 active rigs as of September 1, 2011, up +6 rigs from a week ago. Oil rigs were down by -3 (ht: -5, vt-dir: +2), and gas rigs were up by +9 (ht: +8, vt-dir: +1).

DOE CRUDE STATS | August 31, 2011

August 31, 2011

August 31, 2011 The release of additional volumes of SPR crude, a drop in crude refinery runs, and a jump in crude imports drove a +5.3m bbl build in U.S. commercial crude stocks on the week. Crude stocks in Cushing drew for the fifth straight week, down -0.58m bbl to 33.1m bbl, the lowest reading since November 2010. Low crude imports in PADD III , which are running at the lowest levels since 1993 (4wk avg), have been a major factor behind the low U.S. import readings. Gulf Coast crude i.....

CFTC COT | August 26, 2011

Commitment of Traders Report - August 26, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 23. 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. The petroleum complex experienced relatively modest declines this week despite the sell-off in the markets on August 18. Non-commercials reduced net length by 2.4k to 202.0k in .....

OIL PRICE MONITOR | August 26, 2011

August 26, 2011

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 | August 26, 2011

Schlumberger (Smith) STATS

STATS shows 1,786 active rigs as of August 26, 2011, unchanged from a week ago. Oil rigs were down by -12, (ht: -12, vt-dir: 0), and gas rigs were up by +12 (ht: +14, vt-dir: -2). Statistical summary is attached.

DOE CRUDE STATS | August 24, 2011

August 24, 2011

August 24, 2011 Even with the outflow of 4.8m bbl from the SPR , U.S. crude stocks drew -2.2m bbl on the week. Exceptionally low crude oil imports have contributed to recent stock draws, despite the outflow from government inventories. Not surprisingly, crude imports into Gulf of Mexico ports have posted the sharpest slowdown of any region of the country as SPR crude has been released into the PADD III market. PADD III imports have slipped 621 kb/d to 4.75 mb/d over the last 4 weeks.....

CFTC COT | August 19, 2011

Commitment of Traders Report - August 19, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 16. 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. Data for the week ended August 16 suggest a relatively calmer market but does not reflect Thursday’s sell-off. Non-commercial net length in WTI has been on a broad downward tr.....