CFTC COT
| February 10, 2014
Commitments of Traders Report – February 10, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 04. 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 and WTI , but decreased in natural gas, Brent and gasoline during the reference week. Non-commercials net length in natural gas declined by -25.6k to +430.0k in futures and fell by -22.9k to +563.1k .....
OIL PRICE MONITOR
| February 07, 2014
February 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: Si.....
NORTH AMERICAN RIG WATCH
| February 07, 2014
February 7, 2014
Baker Hughes shows 1,767 active rigs as of February 7, 2014, lower by -13 from the previous week. Oil rigs decreased by -6 to 1,416 (ht: +7; vt-dir: -13), while gas-directed rigs decreased by -7 to 351 (ht: -4; vt-dir: -3). Horizontal oil rigs increased by +5 to 170 in Permian (TX) and vertical/directional oil rigs decreased by -4 in the Bakken (ND) to 9, while horizontal gas-directed rigs increased by +2 to 25 in the Eagle Ford (TX).
NGL MARKET RECAP
| February 06, 2014
February 6, 2014
Propane: US propane inventories fell by -0.8m bbl to 30.8m bbl for the week ended January 31, 2014, which is -12.7m bbl below the five-year average. PADD 3 inventories fell by -5.2%, or -1.0m bbl, to 17.7m bbl. PADD 2 stocks were up by +8.8%, or +0.8m bbl, to 9.6m bbl, which is 6.1m bbl below the five-year average. In PADD 1, stocks fell by -18% or -461k bbl to stand at 2.2m bbl. Implied demand decreased -21% to 1.31 mb/d; imports increased by +35% to 159 kb/d and production increased .....
DOE CRUDE STATS
| February 05, 2014
February 5, 2014
U.S. crude oil inventories grew by +440k bbl in the week ended January 31, while Cushing stocks declined by -1553k bbl. Distillate inventories decreased by -2360k bbl and gasoline inventories rose by +505k 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 +0.4.....
CFTC COT
| February 03, 2014
Commitments of Traders Report – February 3, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 28. 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 increased by +49.7k to +455.6k in futures and rose by +58.5k to +586.0k in fu.....
OIL PRICE MONITOR
| January 31, 2014
January 31, 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: .....
NORTH AMERICAN RIG WATCH
| January 31, 2014
January 31, 2014
Baker Hughes shows 1,780 active rigs as of January 31, 2014, higher by +8 from the previous week. Oil rigs increased by +6 to 1,422 (ht: +5; vt-dir: +1), while gas-directed rigs increased by +2 to 358 (ht: -2; vt-dir: +4). Horizontal oil rigs increased by +2 to 44 in Anadarko (TX) and vertical/directional oil rigs decreased by -4 in the Eagle Ford (TX) to 23, while horizontal gas-directed rigs increased by +2 to 23 in the Eagle Ford (TX).
NGL MARKET RECAP
| January 29, 2014
January 29, 2014
Propane: US propane inventories fell by -3.6m bbl to 31.7m bbl for the week ended January 24, 2014, which is -14.8m bbl below the five-year average. PADD 3 inventories fell by -7.2%, or -1.4m bbl, to 18.6m bbl. PADD 2 stocks fell -14%, or -1.4m bbl, to 8.8m bbl, which is 8.3m bbl below the five-year average. In PADD 1, stocks fell by -19% or -595k bbl to stand at 2.6m bbl. Implied demand decreased -5% to 1.65 mb/d; imports fell by -49% to 118 kb/d and production was unchanged at 1.40 m.....
DOE CRUDE STATS
| January 29, 2014
January 29, 2014
U.S. crude oil inventories rose by +6421k bbl in the week ended January 24, while Cushing stocks increased by +237k bbl. Distillate inventories fell by -4584k bbl and gasoline inventories decreased by -819k 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......