OIL PRICE MONITOR
| December 06, 2013
December 6, 2013
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 crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: .....
NORTH AMERICAN RIG WATCH
| December 06, 2013
December 6, 2013
Baker Hughes shows 1,772 active rigs as of December 6, 2013, higher by +14 from the previous week. Oil rigs increased by +6 to 1,397 (ht: +6; vt-dir: unch.), while gas-directed rigs increased by +8 to 375 (ht: +5; vt-dir: +3). Horizontal oil rigs increased by +3 to 93 in Anadarko (OK) and by +2 in Permian (NM), but decreased by -2 to 182 in Eagle Ford (TX). Gas-directed horizontal rigs increased by +3 to 16 in Eagle Ford (TX) and by +2 to 21 in Haynesville (TX).
NGL MARKET RECAP
| December 04, 2013
December 4, 2013
Propane: US propane inventories fell by -2.7m bbl to 54.3m bbl for the week ended November 29, 2013, which is -9.8m bbl below the five-year average. PADD 3 inventories fell to their lowest levels since the end of May, and currently stand at 28.2m bbl. PADD 2 stocks drew -0.4m bbl while PADD 1 stocks posted a small gain. Implied demand increased +10.4% to 1.68 mb/d; imports were down by -6.0% to 126 kb/d and production was slightly lower at 1.46 mb/d last week.
DOE CRUDE STATS
| December 04, 2013
December 4, 2013
U.S. crude oil inventories fell by -5585k bbl in the week ended November 29, while Cushing stocks decreased by -18k bbl. Distillate inventories rose by +2649k bbl and gasoline inventories grew by +1828k bbl. We also remind our clients that in-depth analysis of DOE weekly petroleum statistical releases can be conducted using the “Commodities Analytical Toolkit” in the Data Portal section of our website (www.lcmc-research.com). Major data points: Crude oil inventories : Decreased by -5.5.....
CFTC COT
| December 02, 2013
Commitments of Traders Report – December 2, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 26. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, WTI , Brent, gasoline and heating oil during the reference week. Non-commercials increased net length in natural gas by +61.2k to +133.6k in futures and by +47.3k to +184.9k in futures and options. The p.....
OIL PRICE MONITOR
| November 29, 2013
November 29, 2013
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 crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Si.....
NGL MARKET RECAP
| November 27, 2013
November 27, 2013
Propane: US propane inventories fell by -1.4m bbl to 56.9m bbl for the week ended November 22, 2013, which is -7.2m bbl below the five-year average. PADD 3 inventories fell for the ninth consecutive week, this time by -0.8m bbl and PADD 2 stocks by -0.6m bbl. Implied demand decreased -8.8% to 1.52 mb/d; imports jumped +9.8% to 134 kb/d and production was slightly higher at 1.47 mb/d last week.
NORTH AMERICAN RIG WATCH
| November 27, 2013
November 27, 2013
Baker Hughes shows 1,758 active rigs as of November 27, 2013, higher by +2 from the previous week. Oil rigs increased by +4 to 1,391 (ht: -1; vt-dir: +5) while gas-directed rigs decreased by -2 to 367 (ht: +1; vt-dir: -3). Horizontal oil rigs increased by +5 to 40 in areas of Oklahoma not currently identified with an established resource play and decreased by -2 to 90 in the Anadarko (OK). Gas-directed horizontal rigs decreased by -4 to 10 in areas of Oklahoma not currently identified with an es.....
DOE CRUDE STATS
| November 27, 2013
November 27, 2013
U.S. crude oil inventories rose by +2953k bbl in the week ended November 22, while Cushing stocks grew by +676k bbl. Distillate inventories decreased by -1666k bbl and gasoline inventories rose by +1751k bbl. We also remind our clients that in-depth analysis of DOE weekly petroleum statistical releases can be conducted using the “Commodities Analytical Toolkit” in the Data Portal section of our website (www.lcmc-research.com). Major data points: Crude oil inventories : Grew by +2.95m b.....
CFTC COT
| November 25, 2013
Commitments of Traders Report – November 25, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 19. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in WTI , Brent, gasoline and heating oil, but decreased in natural gas during the reference week. Non-commercials decreased net length in natural gas by -6.7 to +72.4k in futures and by -5.9 to +137.6k in futures and op.....