CFTC COT
| December 10, 2010
December 10, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending December 7. 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 across the petroleum complex again this week, with sharp increases in WTI and heating oil. Non-commercial net length climbed to reach a record.....
DOE CRUDE STATS
| December 08, 2010
Rapid response
DOE CRUDE STATS Rapid response Refiners demonstrated how readily they can respond to stronger margins. When the Jan NYMEX RBOB crack topped out at $10.92/bbl on Dec 2, it had risen 143% in a month. The crack jumped 57% during that week alone as the heat crack rose just 4%. Refiners took advantage of the opportunity, increasing runs by 789 kb/d to 14.9 mb/d, the highest point since mid-Sep, leading to big principal product inventory builds even though total commercial petroleum stocks.....
CFTC COT
| December 03, 2010
December 03, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending November 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. Non-commercial net length rose across the petroleum complex this week, with a sharper jump in WTI . In WTI , net longs increased by 21.2k to 196.4k in futures only and by 2.....
DOE CRUDE STATS
| December 01, 2010
Refiner pullback
DOE CRUDE STATS Refiner pullback US apparent demand (product supplied) dropped 340 kb/d with apparent principal product demand down 420 kb/d on the week. Four-week average apparent demand is registering 440 kb/d yoy growth, but the only product classes exhibiting significant growth are distillate (+320 kb/d) and other oils (+650 kb/d). Even distillate marked a weak data point, with apparent demand down 140 kb/d this week to its lowest level since mid-August. Although inventories mostly.....
CFTC COT
| November 29, 2010
November 29, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending November 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. Non-commercial net length in WTI and heating oil declined sharply this week while it was almost unchanged in gasoline. In WTI , net longs fell by 31.1k to 175.2k in future.....
DOE CRUDE STATS
| November 24, 2010
PADD II imports coming back
DOE CRUDE STATS PADD II imports coming back Total US apparent demand (product supplied) was essentially unchanged on the week at 18.8 mb/d, but apparent gasoline demand fell 120 kb/d to 8.83 mb/d. Four-week average gasoline demand is a shade below 9 mb/d and roughly flat with year-ago levels. Apparent distillate demand was little changed on the week at 3.8 mb/d, but four-week average demand is running 430 kb/d above year-ago levels. Major data points: • Crude oil inventories: Buil.....
CFTC COT
| November 19, 2010
November 19, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending November 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. Non-commercial net length in WTI declined this week while it increased in gasoline and was virtually unchanged in heating oil. In WTI , net longs rose by 5.7k to 206.3k in.....
DOE CRUDE STATS
| November 17, 2010
Distillate deflates
DOE CRUDE STATS Distillate deflates Apparent distillate demand (product supplied) took a big hit, dropping 610 kb/d on the week to 3.78 mb/d, practically giving up the past four weeks’ gains. The falloff was likely the result of lower exports after shipments abroad inflated apparent demand numbers in the wake of France’s extended disruption last month. Nonetheless, four-week average distillate demand is still running 500 kb/d (+13.9%) above year-ago levels. Apparent gasoline demand fell .....
CFTC COT
| November 15, 2010
November 15, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending November 9. 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 across the petroleum complex during the week, with the sharpest rise in heating oil. WTI had rallied to $86 (for the first time since the begi.....
DOE CRUDE STATS
| November 10, 2010
Distillate strength
DOE CRUDE STATS Distillate strength Apparent distillate demand (product supplied) has surged over the last four weeks, gaining 690 kb/d since early October. Although a good portion of this increase has likely been due to a hidden jump in exports – resulting from tightness in global distillate markets as European refining disruptions, Latin American product demand, and Chinese distillate shortages – the numbers are nonetheless impressive. At 4.39 mb/d, this is the highest weekly reading s.....