DATA INSIGHT | June 10, 2009

QE and QED: Quantitative Easing Winners and Losers

Please find attached our first LCM Research Global Quarterly, which combines our research capabilities across asset classes in the US and Europe. + Executive Summary + GREEN SHOOTS AND GREENBACKS ( DANIEL AHN ) . Despite the turnaround in sentiment and leading economic indicators, we are unwilling to call the recent rally sustainable due to continued weakness in credit and housing markets. We are concerned about the speed and uncomfortable timing of the recent expected inflation m.....

DATA INSIGHT | June 05, 2009

June 05, 2009

Please find attached the latest summary of the CFTC’s Commitment of Traders Report for WTI , natgas, heating oil and RBOB . In the week ending June 2, non-commercial net length in wti futures and options combined increased by 7.5k contracts to 109k contracts of length. Over the past four weeks, non-commercial net length has grown by 40k contracts. Crude net length remains 4.3% of total open interest in futures and options, which increased by 165k contracts to 2.5m contracts. Net length .....

SPECIAL REPORT | June 01, 2009

Great Expeculations - Part 1: Saudi Arabia meets President Obama

Please find attached the latest issue of The Week Ahead: Great Expeculations - Part 1 Saudi Arabia meets President Obama

DATA INSIGHT | May 29, 2009

May 29, 2009

Please find attached a summary of this week’s CFTC Commitment of Traders Report for WTI , natural gas, RBOB and heating oil. For the week ending May 26, non-commercial net length increased throughout the petroleum complex while net short positions increased in natural gas. Net length in WTI crude oil grew by 7.6k contracts (8%) to roughly 102k contracts long. WTI has added over 32k contracts of length since the week ending May 5. During the month of May, WTI net length as a perc.....

DATA INSIGHT | May 29, 2009

June 2009

Please find attached a calendar with key dates for crude and natural gas markets in the month of June.

SPECIAL REPORT | May 26, 2009

Market Conundrums: A bullish market with bearish undertones confronts OPEC

Bullish sentiment is dominating the $60 oil market, reninforced this past week-end by G-8 and invited Energy Ministers meeting in Italy... But the biggest puzzle is really in the short-term market, where dynamics should at some point put a damper on the recent surge in prices from the $50 to the $60 range and could even reverse it if financial players are forced to cover positions that physical market forces won’t support.

SPECIAL REPORT | May 18, 2009

Why the Raucous from Caracas? Puzzling new Venezuelan production numbers

Venezuela's claim of significantly higher production over the past few years looks likely to reshape expectations for the May 28th OPEC meeting, while also throwing spanners into virtually everyone's analysis of global balances for the past three years. The challenge to conventional wisdom about Venezuela's production capacity and actual production levels began with the publication in the May 4th issue of _Middle East Economic Survey_ of an article by Juan Carlos Boué, a senior advisor to Ven… .......

SPECIAL REPORT | May 14, 2009

Cushing South: Natural gas flows could pressure another North American benchmark

In a few months, physical realities around Nymex's pricing point are likely to pressure its benchmark contract. Flows on the region’s outbound pipelines may begin to decline as buyers elsewhere curtail purchases. Doubling as a key storage hub, the region’s brimming inventories would soon approach capacity constraints, weighing heavily on regional prices and pulling down the Nymex contract. This time, we’re not talking about the oil market in Cushing, Oklahoma but about the natural gas marke… .......

DATA INSIGHT | May 08, 2009

May 08, 2009

Please find attached a summary of the latest of CFTC Commitment of Traders Report for WTI , Natural gas, Heating oil and RBOB .

SPECIAL REPORT | May 01, 2009

Russia and the Caspian States in the Global Energy Balance

One of the expectations... is that Russian production will fall sharply, as will production in many other so-called "non-Opec countries" as a result of more limited cash-flow that result from lower oil prices. This myth about the cycle is actually factually untrue. (These are closing remarks delivered by Ed Morse at the Baker Institute Conference on Russian and the Caspian States in the Global Oil Balance held in Moscow on March 20, 2009.)