CFTC COT | March 24, 2014

Commitments of Traders Report – March 24, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 18. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in Brent and gasoline , but decreased in natural gas, heating oil and WTI during the reference week. Non-commercials net length in natural gas fell by -12.8k to +399.2k in futures and declined by -11.4k to +515.7k in .....

OIL PRICE MONITOR | March 21, 2014

March 21, 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 | March 21, 2014

March 21, 2014

Baker Hughes shows 1,799 active rigs as of March 21, 2014, lower by -6 from the previous week. Oil rigs increased by +12 to 1,473 (ht: +10; vt-dir: +2) while gas-directed rigs decreased by -18 to 326 (ht: -16; vt-dir: -2). Horizontal oil rigs increased by +2 to 161 in the Bakken (ND) while gas-directed horizontal rigs decreased by -10 to 15 in the Eagle Ford (TX).

NGL MARKET RECAP | March 19, 2014

March 19, 2014

In Focus: Ethane update At their investor day yesterday, Enterprise Products Partners continued to build excitement around the possibility of more ethane exports beyond what Ineos has already signed up to take from the Marcellus. Fundamentally, we are of the opinion that ethane exports tied to long-term international petrochemical contracts will have a limited impact on US balances, and believe the product’s other market – as fuel in the natural gas stream – may play a more defining role in th.....

DOE CRUDE STATS | March 19, 2014

March 19, 2014

U.S. crude oil inventories grew by +5850k bbl in the week ended March 14, while Cushing stocks declined by -989k bbl. Distillate inventories decreased by -3097k bbl and gasoline inventories declined by -1467k 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 +.....

CFTC COT | March 17, 2014

Commitments of Traders Report – March 17, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 11. 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 and gasoline , but decreased in heating oil, Brent and WTI during the reference week. Non-commercials net length in natural gas grew by +0.6k to +412.0k in futures and increased by +9.8k to +527.0k in f.....

OIL PRICE MONITOR | March 14, 2014

March 14, 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 | March 14, 2014

March 14, 2014

Baker Hughes shows 1,805 active rigs as of March 14, 2014, higher by +17 from the previous week. Oil rigs increased by +18 to 1,461 (ht: +8; vt-dir: +10) while gas-directed rigs decreased by -1 to 344 (ht: +2; vt-dir: -3). Horizontal oil rigs increased by +6 to 159 in the Bakken (ND) and increased by +6 to 180 in the Eagle Ford (TX) while gas-directed horizontal rigs decreased by -2 to 21 in the Marcellus ( NEPA ).

NGL MARKET RECAP | March 12, 2014

March 12, 2014

Propane: US propane inventories fell by -1.1m bbl to 26.1m bbl for the week ended March 7, 2014. PADD 3 inventories decreased by -1%, or -114k bbl, to 15.5m bbl. PADD 2 stocks decreased by -11%, or -922k bbl, to 7.6m bbl. In PADD 1, stocks rose by +3% or +64k bbl to 2.0m bbl. Implied demand increased +4% to 1.32 mb/d; imports fell by -20% to 212 kb/d and production fell -8% to 1.32 mb/d last week.

DOE CRUDE STATS | March 12, 2014

March 12, 2015

U.S. crude oil inventories grew by +6180k bbl in the week ended March 07, while Cushing stocks declined by -1341k bbl. Distillate inventories decreased by -533k bbl and gasoline inventories fell by -5230k 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 +6.18.....