EIA NG STORAGE REPORT
| October 06, 2011
+97 bcf
EIA reported a +97 bcf build for the week ended September 30. This was in line with consensus estimates (Bloomberg median +98 bcf, Bloomberg whisper +96 bcf) but still well above the prior 5-year average (+74 bcf) and the year-ago build (+84 bcf). Even with the NYMEX front month falling 23 cents over the past week to its lowest point since last October, today’s EIA announcement still managed to contribute to another 4 cent drop. However, we believe this week’s build still makes balances app.....
CFTC COT
| September 30, 2011
Commitment of Traders Report - September 30, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 27. 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 dropped across the board within the petroleum complex during the week ended September 27, and was likely a reflection of the commodity sell-off on S.....
NORTH AMERICAN RIG WATCH
| September 30, 2011
Schlumberger (Smith) STATS
STATS shows 1,833 active rigs as of September 30, 2011, up +3 rigs from a week ago. Oil rigs fell by -8 (ht: -2, vt-dir: -6) and gas rigs were up by +11 (ht: +7, vt-dir: +4).
EIA NG STORAGE REPORT
| September 29, 2011
+111 bcf
EIA reported a +111 bcf build for the week ended September 23, the highest weekly build since June 2009. This was well above consensus estimates (Bloomberg median +103 bcf, Bloomberg whisper +106 bcf), the prior 5-year average (+71 bcf) and the year-ago build (+73 bcf). But the drop to $3.68 immediately following the release has already recovered somewhat, suggesting that large builds have already been priced in. Even so, this build does make balances appear looser week on week (which often h.....
CFTC COT
| September 23, 2011
Commitment of Traders Report - September 23, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 20. 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. Please note that today’s report does not include any data from Thursday, and therefore does not reflect the selloff. Non-commercial net length decreased in WTI and gasoline.....
NORTH AMERICAN RIG WATCH
| September 23, 2011
Schlumberger (Smith) STATS
STATS shows 1,830 active rigs as of September 23, 2011, up +13 rigs from a week ago. Oil rigs were up by +3 (ht: -5, vt-dir: +8) and gas rigs were up by +10 (ht: +2, vt-dir: +8).
EIA NG STORAGE REPORT
| September 22, 2011
+89 bcf
EIA reported a +89 bcf build for the week ended September 16. This was slightly below consensus estimates (Bloomberg median +92 bcf, Bloomberg whisper +93 bcf) but still well above the prior 5-year average (+72 bcf) and year-ago build (+78 bcf). In general, the first build following a holiday week usually implies a sudden tightening as demand recovers from the holiday effect. However, as mentioned in last week’s report, calculating the Labor Holiday effect gets murky due to its placement in th.....
CFTC COT
| September 16, 2011
Commitment of Traders Report - September 16, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 13. 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. It was another mixed but moderate week for the petroleum complex during the week ended September 13, with non-commercial net length registering a small increase in WTI and .....
NORTH AMERICAN RIG WATCH
| September 16, 2011
Schlumberger (Smith) STATS
STATS shows 1,817 active rigs as of September 16, 2011, up +19 rigs from a week ago. Oil rigs were up by +7 (ht: -6, vt-dir: +13) and gas rigs were up by +12 (ht: +7, vt-dir: +5).
EIA NG STORAGE REPORT
| September 15, 2011
+87 bcf
EIA reported a +87 bcf build for the week ended September 9. This was above consensus estimates (Bloomberg median +82 bcf) and the prior 5-year average (+79 bcf), but still well below the year-ago build (+96 bcf). The market interpreted this as a bearish build, erasing most of the eleven cent gain the October contract made over the past three days. But, comparisons are difficult to make this week for a number of reasons, including 1) hurricane shut-ins, 2) power outages, and 3) the holiday eff.....