CFTC COT
| June 02, 2014
Commitments of Traders Report – June 02, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 27. 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 WTI , but decreased in natural gas and gasoline during the reference week. Non-commercials net length in natural gas fell by -10.7k to +338.9k in futures and declined by -21.3k to +449.5k in fu.....
OIL PRICE MONITOR
| May 30, 2014
May 30, 2014
Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Singap.....
NORTH AMERICAN RIG WATCH
| May 30, 2014
May 30, 2014
Baker Hughes shows 1,862 active rigs as of May 30, 2014, higher by +9 from the previous week. Oil rigs increased by +8 to 1,536 (ht: +9; vt-dir: -1) while gas-directed rigs increased by +1 to 326 (ht: -1; vt-dir: +2). Horizontal oil rigs increased by +8 to 194 in the Eagle Ford (TX) and vertical/directional oil rigs increased by +4 to 220 in the Permian (TX). Gas-directed horizontal rigs increased by +3 to 19 in Granite Wash (TX).
NGL MARKET RECAP
| May 29, 2014
May 29, 2014
In Focus: New gas carriers to support LPG and ethylene/ethane arbitrage The size of the very large gas carrier ( VLGC ) segment is set to grow by around 50% through 2016 in response to greater supply of LPGs – most notably in the US – and increased demand, which is expected to come predominantly from the Asia-Pacific region. The 80 new VLGCs, which are on average 84,000 cubic meters (cbm), should increase capacity by +6.8 million cbm from 12.6 million cbm to 19.3 million cbm by the end of 20.....
DOE CRUDE STATS
| May 29, 2014
March 29, 2014
U.S. crude oil inventories rose by +1657k bbl in the week ended May 23, while Cushing stocks fell by -1525k bbl. Distillate inventories decreased by -196k bbl and gasoline inventories declined by -1803k 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 : Grew by +1.66m .....
CFTC COT
| May 27, 2014
Commitments of Traders Report – May 27, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 20. 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 and WTI , but decreased in gasoline during the reference week. Non-commercials net length in natural gas declined by -5.3k to +349.6k in futures and grew by +9.4k to +470.7k in futures.....
OIL PRICE MONITOR
| May 23, 2014
May 23, 2014
Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Singap.....
NORTH AMERICAN RIG WATCH
| May 23, 2014
May 23, 2014
Baker Hughes shows 1,853 active rigs as of May 23, 2014, lower by -4 from the previous week. Oil rigs decreased by -3 to 1,528 (ht: -8; vt-dir: +5) while gas-directed rigs decreased by -1 to 325 (ht: +3; vt-dir: -4). Horizontal oil rigs decreased by -6 to 186 in Eagle Ford (TX) and vertical/directional oil rigs increased by +3 to 216 in the Permian (TX). Gas-directed horizontal rigs decreased by -2 to 23 in Haynesville (TX).
NGL MARKET RECAP
| May 21, 2014
May 21, 2014
In Focus: Incremental LPG exports Although U.S. propane production increased +88 kb/d w-o-w to hit a new high and as PADD 3 inventories continue to exhibit strong builds, a review of planned LPG export facilities – both large and small – suggest the market could tighten in late 1Q and 2Q 2015.
DOE CRUDE STATS
| May 21, 2014
May 21, 2014
U.S. crude oil inventories decreased by -7226k bbl in the week ended May 16, while Cushing stocks declined by -225k bbl. Distillate inventories grew by +3399k bbl and gasoline inventories increased by +970k 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.....