DOE CRUDE STATS | February 02, 2011

Does it take PADD II to contango?

Does it take PADD II to contango? Apparent demand estimates continued to exhibit weakness across the board this week. Only distillate demonstrated significant w-o-w gains (+180 kb/d), though four-week average apparent distillate demand continues to plumb the depths of 2009-10 levels. Meanwhile, a surge of gasoline imports contributed to a big +6.2m bbl build of gasoline inventories to a new record above 236m bbl. But the market’s attention will likely remain focused on Cushing crude inventor.....

CFTC COT | January 28, 2011

January 28, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending January 25. 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 this week. Net longs fell by 20.8k to 204.6k in futures only and by 22.5k to 263.6k in futures and options comb.....

DOE CRUDE STATS | January 26, 2011

January 26, 2011

DOE CRUDE STATS   1/21/11 1/14/11 w.o.w. Bloomberg Median US crude inventories 340.6 335.7 4.84 1.20 Cushing crude inventories 37.7 36.8 0.86   US gasoline inventories 230.1 227.7 2.40 2.30 US distillate inventories 165.7 165.8 (0.10) (0.50) US refinery input 14,127 14,339 (212)   US crude imports 9,385 8,999 386   Please see attached PDF file for detailed stats and charts. There will be no commentary today.

CFTC COT | January 21, 2011

January 21, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending January 18. 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. Though noncommercial net length was little changed across the petroleum complex, noncommercial traders became increasingly short natural gas for the second week in a row. Afte.....

DOE CRUDE STATS | January 20, 2011

Gasoline yields bounce back

Gasoline yields bounce back This week’s stats present a mixed bag for WTI . The headline Cushing draw should help alleviate some concern of a storage buildup ahead of the PADD II maintenance season. But this week’s imports into the region touched 1.47 mb/d – despite lost production from CNR’s Horizon Oil Sands project – which should stoke fears that the buildup of crude inventories in Canada is working its way down into the region. Meanwhile, the EIA issued yet another set of relatively w.....

CFTC COT | January 14, 2011

January 14, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending January 11. 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 big story on the week revolved around natural gas. Although index investors withdrew -$1.26 billion from energy markets (and -$5.4 billion from commodity markets), natural.....

DOE CRUDE STATS | January 12, 2011

Mogas, mo problems

DOE CRUDE STATS Mogas, mo problems The first week of 2011 opened the year with some tepid apparent demand estimates along with a sizeable gasoline inventory build that again casts doubts on the very strong gasoline demand estimates that closed out 2010. Total product supplied (apparent demand) dropped 100 kb/d w-o-w to 19 mb/d, largely due to a 170 kb/d decline in distillate demand. This week’s severe winter weather snarled travel yet again, so the string of weak demand data is likely to.....

CFTC COT | January 07, 2011

January 07, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending January 4. 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 boosted their net length sharply in the natural gas market this week. The non-commercial net short position flipped to a net long position of 10.2k in futures a.....

DOE CRUDE STATS | January 05, 2011

A Wintry Mix

DOE CRUDE STATS A wintry mix The winter blast to close out 2010 left its mark on the petroleum complex during the week. As expected, apparent demand (product supplied) for all transportation fuels plunged as the blizzard tied up air and ground travel across the northeast for several days. Apparent gasoline demand dropped 0.55 mb/d from its recent heights to 8.85 mb/d while distillate demand fell 0.26 mb/d to 3.74 mb/d. Given the weather disruption, it’s hard to read much into the apparen.....

CFTC COT | January 03, 2011

January 03, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending December 28. 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 rose in WTI to reach a record high again this week (since the CFTC started releasing disaggregated data in January), while it declined slightly .....