CFTC COT
| March 10, 2014
Commitments of Traders Report – March 10, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 04. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in Brent, gasoline and WTI , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas fell by -67.8k to +411.4k in futures and decreased by -65.3k to +517.2k in.....
OIL PRICE MONITOR
| March 07, 2014
March 7, 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 07, 2014
March 7, 2014
Baker Hughes shows 1,788 active rigs as of March 7, 2014, higher by +23 from the previous week. Oil rigs increased by +13 to 1,443 (ht: +13; vt-dir: 0) while gas-directed rigs increased by +10 to 345 (ht: +8; vt-dir: +2). Horizontal oil rigs increased by +8 to 199 in the Permian (TX) and vertical/directional oil rigs increased by +7 to 201 in the Permian (TX). Gas-directed horizontal rigs increased by +5 to 27 in the Eagle Ford (TX).
NGL MARKET RECAP
| March 05, 2014
March 5, 2014
In Focus: West coast LPG exports Crude oil and NGL marketer Petrogas will acquire Chevron’s LPG storage and loading facility in Ferndale, WA, eyeing LPG exports to Asia-Pacific. But few details about the project have emerged, and we would expect business as usual – with perhaps incrementally greater butane exports this summer – until the new owners are able to fully leverage their new asset. The facility has been given a capacity of 30 kb/d.
DOE CRUDE STATS
| March 05, 2014
March 5, 2014
U.S. crude oil inventories grew by +1429k bbl in the week ended February 28, while Cushing stocks decreased by -2660k bbl. Distillate inventories rose by +1414k bbl and gasoline inventories decreased by -1604k 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 03, 2014
Commitments of Traders Report – March 03, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 25. 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 increased by +14.5k to +479.1k in futures and fell by -11.9k to +582.6k.....
OIL PRICE MONITOR
| February 28, 2014
February 28, 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
| February 28, 2014
February 28, 2014.
Baker Hughes shows 1,765 active rigs as of February 28, 2014, lower by -2 from the previous week. Oil rigs increased by +5 to 1,430 (ht: +5; vt-dir: 0), while gas-directed rigs decreased by -7 to 335 (ht: -6; vt-dir: -1). Horizontal oil rigs increased by +10 in the Permian (TX) and vertical/direction oil rigs increased by +4 to 23 in Permian (NM), while gas-directed horizontal rigs decreased by -3 to 22 in the Eagle Ford (TX).
NGL MARKET RECAP
| February 26, 2014
February 26, 2014
In Focus: Propane markets We think it may be a few months before the excitement surrounding the heating fuel and petrochemical feedstock dissipates. Although the weather has been warmer, forecasts for the end of February and March as a whole are significantly colder than normal, suggesting recent declines in prices at both Conway and Mont Belvieu may be more short lived. A couple of surprisingly large draws could once again challenge deliverability and distribution, putting upward pressure on .....
DOE CRUDE STATS
| February 26, 2014
February 26, 2014
U.S. crude oil inventories rose by +68k bbl in the week ended February 21, while Cushing stocks decreased by -1078k bbl. Distillate inventories grew by +338k bbl and gasoline inventories decreased by -2807k 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 +0......