NORTH AMERICAN RIG WATCH | August 08, 2014

August 8, 2014

Baker Hughes shows 1,904 active rigs as of August 8, 2014, higher by +18 from the previous week. Oil rigs increased by +15 to 1,588 (ht: +17; vt-dir: -2) while gas-directed rigs increased by +3 to 316 (ht: +1; vt-dir: +2). Horizontal oil rigs increased by +5 to 167 in the Bakken (ND) and vertical/directional oil rigs decreased by -2 to 207 in the Permian (TX). Gas-directed horizontal rigs increased by +3 to 23 in Haynesville (LA).

NGL MARKET RECAP | August 06, 2014

August 6, 2014

Propane: US propane inventories increased by +1.3m bbl to 68.5m bbl for the week ended August 1, 2014. PADD 3 inventories increased +3%, or +1m bbl, to 37.4m bbl. PADD 2 stocks increased +2% or by +484k bbl to 22.9m bbl. In PADD 1, stocks decreased -3% or -193k bbl to 5.5m bbl. Implied demand increased +8% to 1,019 kb/d; imports increased +2% to 56 kb/d while production was unchanged at 1.58 mb/d last week. In Focus: Is a waterborne ethane market possible? Late last month, Rusal’s co.....

DOE CRUDE STATS | August 06, 2014

August 06, 2014

U.S. crude oil inventories decreased by -1756k bbl in the week ended August 01, while Cushing stocks rose by +83k bbl. Distillate inventories fell by -1798k bbl and gasoline inventories decreased by -4387k 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 : Declined by .....

CFTC COT | August 04, 2014

Commitments of Traders Report – August 04, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 29. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in heating oil , but decreased in natural gas, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas declined by -21.9k to +170.4k in futures and decreased by -31.0k to +270.8k in.....

NORTH AMERICAN RIG WATCH | August 01, 2014

August 1, 2014

Baker Hughes shows 1,886 active rigs as of August 1, 2014, higher by +6 from the previous week. Oil rigs increased by +11 to 1,573 (ht: +9; vt-dir: +2) while gas-directed rigs decreased by -5 to 313 (ht: -3; vt-dir: -2). Horizontal oil rigs increased by +5 to 228 while vertical/directional oil rigs decreased by -1 to 210 in the Permian (TX). Gas-directed horizontal rigs increased by +3 to 22 in Haynesville (TX).

NGL MARKET RECAP | July 30, 2014

July 30, 2014

Propane: US propane inventories increased by +1.75m bbl to 67.2m bbl for the week ended July 25, 2014. PADD 3 inventories increased +1%, or +374k bbl, to 36.4m bbl. PADD 2 stocks increased +4% or by +847k bbl to 22.4m bbl. In PADD 1, stocks increased +8% or +406k bbl to 5.7m bbl. Implied demand fell -9% to 946 kb/d; imports decreased -4% to 55 kb/d while production fell -1% to 1.58 mb/d last week. Note: Although the weekly DOE propane export figure is derived from other reported bala.....

DOE CRUDE STATS | July 30, 2014

July 30, 2014

U.S. crude oil inventories declined by -3697k bbl in the week ended July 25, while Cushing stocks decreased by -924k bbl. Distillate inventories grew by +789k bbl and gasoline inventories rose by +365k 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 -3......

CFTC COT | July 28, 2014

Commitments of Traders Report – July 28, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 22. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in WTI , but decreased in natural gas, heating oil, Brent and gasoline during the reference week. Non-commercials net length in natural gas decreased by -28.0k to +192.3k in futures and fell by -19.4k to +301.8k in fut.....

NORTH AMERICAN RIG WATCH | July 25, 2014

July 25, 2014

Baker Hughes shows 1,880 active rigs as of July 25, 2014, higher by +11 from the previous week. Oil rigs increased by +8 to 1,562 (ht: +3; vt-dir: +5) while gas-directed rigs increased by +3 to 318 (ht: +2; vt-dir: +1). Horizontal oil rigs increased by +3 to 135 in the Anadarko (OK), but decreased by -5 in Eagle Ford (TX). Vertical/directional oil rigs decreased by -1 to 210 in the Permian (TX). Gas-directed horizontal rigs increased by +2 to 15 in Granite Wash (TX).

DOE CRUDE STATS | July 23, 2014

July 23, 2014

U.S. crude oil inventories decreased by -3969k bbl in the week ended July 18, while Cushing stocks declined by -1450k bbl. Distillate inventories grew by +1636k bbl and gasoline inventories rose by +3379k 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 .....