NGL MARKET RECAP | July 02, 2014

July 2, 2014

Propane: US propane inventories increased by +2.6m bbl to 56.2m bbl for the week ended June 27, 2014. PADD 3 inventories increased +6%, or +1.9m bbl, to 32.1m bbl. PADD 2 stocks increased +2% or by +386k bbl to 17.5m bbl. In PADD 1, stocks increased +4% or +143k bbl to 4.2m bbl. Implied demand increased +2% to 916 kb/d; imports increased +8% to 57 kb/d and production increased +3% to 1.53 mb/d last week. In Focus: U.S. butane hits the international market According to the latest EIA.....

DOE CRUDE STATS | July 02, 2014

July 2, 2014

U.S. crude oil inventories fell by -3155k bbl in the week ended June 27, while Cushing stocks declined by -1359k bbl. Distillate inventories increased by +975k bbl and gasoline inventories declined by -1235k 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 : Fell by -3.....

CFTC COT | June 30, 2014

Commitments of Traders Report – June 30, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 24. 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, Brent and gasoline , but decreased in natural gas and WTI during the reference week. Non-commercials net length in natural gas decreased by -9.5k to +305.7k in futures and fell by -20.7k to +424.7k in f.....

NORTH AMERICAN RIG WATCH | June 27, 2014

June 27, 2014

Baker Hughes shows 1,872 active rigs as of June 27, 2014, higher by +16 from the previous week. Oil rigs increased by +13 to 1,558 (ht: +11; vt-dir: +2) while gas-directed rigs increased by +3 to 314 (ht: +2; vt-dir: +1). Horizontal oil rigs increased by +7 to 135 in Anadarko (OK). Gas-directed horizontal rigs increased by +3 to 21 in Marcellus (WV).

NGL MARKET RECAP | June 25, 2014

June 25, 2014

Propane: US propane inventories increased by +2.4m bbl to 53.7m bbl for the week ended June 20, 2014. PADD 3 inventories increased +5%, or +1.5m bbl, to 30.2m bbl. PADD 2 stocks increased +4% or by +593k bbl to 17.2m bbl. In PADD 1, stocks increased +7% or +251k bbl to 4.1m bbl. Implied demand fell -4% to 894 kb/d; imports decreased -30% to 53 kb/d and production increased +2% to 1.49 mb/d last week. In Focus: what do condensate exports mean for naphtha? As we discussed in a recent r.....

DOE CRUDE STATS | June 25, 2014

June 25, 2014

U.S. crude oil inventories rose by +1742k bbl in the week ended June 20, while Cushing stocks grew by +416k bbl. Distillate inventories increased by +1177k bbl and gasoline inventories grew by +710k 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 : Rose by +1.74m bbl .....

CFTC COT | June 23, 2014

Commitments of Traders Report – June 23, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 17. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, heating oil, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas fell by -1.5k to +315.2k in futures and increased by +10.7k to +445.5k in futures and options. T.....

NORTH AMERICAN RIG WATCH | June 20, 2014

June 20, 2014

Baker Hughes shows 1,856 active rigs as of June 20, 2014, higher by +4 from the previous week. Oil rigs increased by +3 to 1,545 (ht: +4; vt-dir: -1) while gas-directed rigs increased by +1 to 311 (ht: -2; vt-dir: +3). Horizontal oil rigs increased by +5 to 196 in the Eagle Ford (TX) and by +3 to 211 in the Permian (TX). Gas-directed horizontal rigs decreased by -2 to 22 in Marcellus ( SWPA ).

NGL MARKET RECAP | June 18, 2014

June 18, 2014

Propane: US propane inventories increased by +2.0m bbl to 51.2m bbl for the week ended June 13, 2014. PADD 3 inventories increased +6%, or +1.5m bbl, to 28.7m bbl. PADD 2 stocks were unchanged at 16.6m bbl. In PADD 1, stocks jumped +11% or +374k bbl to 3.8m bbl. Implied demand increased +23% to 934 kb/d; imports increased +38% to 76 kb/d and production fell -3% to 1.46 mb/d last week. In Focus: propane spreads In order to incentivize a balancing of national inventories, Mont Belvieu .....

DOE CRUDE STATS | June 18, 2014

June 18, 2014

U.S. crude oil inventories declined by -579k bbl in the week ended June 13, while Cushing stocks grew by +247k bbl. Distillate inventories increased by +436k bbl and gasoline inventories rose by +785k 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 : Fell by -0.58m bb.....