CFTC COT
| June 11, 2010
June 11, 2010
Please find attached stats and charts detailing non-commercial positions in WTI , natural gas, heating oil, and RBOB , as indicated by this week’s CFTC Commitments of Traders report. The last page also summarizes inflows and outflows from commodity index funds. Non-commercial net long WTI positions dropped 12k to 60k in futures only, but fell only marginally by 3.5k to 146k in futures and options combined (aggregating NYMEX futures and swaps with ICE swaps). Money manager net longs i.....
EIA NG STORAGE REPORT
| June 10, 2010
+99 bcf
EIA NG STORAGE REPORT The EIA reported a net inventory build of +99 bcf for the week ending June 4, bringing total US storage to near 2.46 tcf. The build came in between last year’s +109 bcf injection and the +95 bcf 5yr average, but it’s hard to read much into this week’s report because of the Memorial Day holiday effect on demand. Nonetheless, the early onset of hot weather has clearly boosted power demand, which has likely conspired with coal-to-gas switching to quickly erode the yoy .....
CFTC COT
| June 04, 2010
June 04, 2010
There was an error in “ WTI crude Non-commercial table” in the last report. Attached is the correct report. Sorry for any inconvenience! Please find attached stats and graphs detailing the latest CFTC Commitment of Traders report for WTI , natural gas, RBOB , and heating oil. There will be no commentary today. Regards,
EIA NG STORAGE REPORT
| June 03, 2010
June 03, 2010
EIA NG STORAGE REPORT Attached is a summary of today’s EIA natural gas storage report. There will be no commentary today.
CFTC COT
| May 28, 2010
May 28, 2010
Please find attached a detailed summary and charts depicting data from the latest CFTC Commitments of Traders report for the week ending May 25. Non-commercial traders continued to reduce their net long position by 15.3k contracts to 77.1k in futures only and by 13.5k contracts to 147k in futures and options combined (down from 219k three weeks ago). Net longs in RBOB dropped another 18.7k to 37k (futures and options), down from 72k three weeks ago. Non-commercial traders both reduced th.....
EIA NG STORAGE REPORT
| May 27, 2010
+104 bcf
EIA NG STORAGE REPORT The EIA reported a +104 bcf inventory build for the week ending May 21, just below the +106 bcf build last year. We view this as the single most bearish inventory report so far this spring. Although on average, the reference week’s weather was quite similar to that of two weeks prior, the storage injection exceeded that week’s by 10 bcf. This week’s report is particularly bearish in that it suggests the market is storing gas at very nearly the same rate as it did du.....
CFTC COT
| May 21, 2010
May 21, 2010
Please find attached the latest summary of the CFTC’s Commitments of Traders report as well as estimates of index inflows for the week ending May 18. Aggregating futures and swaps, non-commercials decreased their net long WTI position by 24k to 92k in futures only and by 33k to 161k in futures and options combined. The decrease in net length was primarily due to the increase of short positions rather than a decrease in long positions. Money managers decreased their net long position by 47k t.....
EIA NG STORAGE REPORT
| May 20, 2010
+76 bcf
EIA NG STORAGE REPORT The EIA reported a +76 bcf net injection for the week ending May 14, in line with market consensus focusing on a build in the mid to high 70s. The year-on-year storage surplus narrowed by 24 bcf, but at 2.165 tcf, total inventories remain at an all-time record for mid-May. Some observers are likely to interpret this number as mildly bearish by comparing this week to late April and to last year. But we suspect that conservation played a large role in this week’s numb.....
CFTC COT
| May 14, 2010
May 14, 2010
Please find attached a summary of the this week’s CFTC Commitment of Traders report for major energy markets. The week ending May 11 was marked by a large exit from net long positions by money managers in WTI , RBOB , and heating oil markets as the petroleum complex plummeted(see attached PDF file for details). For NYMEX WTI , the non-commercial net long position dropped by 17k to 93k contracts in futures only and by 21k to 170k futures and options. Net long product positions fell eve.....
EIA NG STORAGE REPORT
| May 13, 2010
+94 bcf (bullish)
EIA NG STORAGE REPORT The EIA reported last week’s net injection of +94 bcf, lower than consensus expectations that hovered around +100 bcf. Just as weak demand from the power sector was the likely culprit for large injections over the past two weeks, gas burn in the power sector seems to have responded impressively to a jump in power demand. We have been maintaining for several weeks that the large injections through February were driven by temperatures rather than a structurally loose .....