CFTC COT | January 27, 2014

Commitments of Traders Report – January 27, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 21. 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 +26.6k to +405.9k in futures and rose by +28.1k to +527.4k in .....

OIL PRICE MONITOR | January 24, 2014

January 24, 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 | January 24, 2014

January 24, 2014

Baker Hughes shows 1,772 active rigs as of January 24, 2014, lower by -1 from the previous week. Oil rigs increased by +8 to 1,416 (ht: +9; vt-dir: -1), while gas-directed rigs decreased by -9 to 356 (ht: -12; vt-dir: +3). Horizontal oil rigs increased by +5 to 164 in the Permian (TX) and vertical/directional oil rigs decreased by -6 to 27 in the Eagle Ford (TX), while horizontal gas-directed rigs decreased by -3 to 13 in Barnett (TX).

NGL MARKET RECAP | January 23, 2014

January 23, 2014

Propane: US propane inventories fell by -3.4m bbl to 35.3m bbl for the week ended January 17, 2014, which is -14.4m bbl below the five-year average. PADD 3 inventories fell by -6%, or -1.2m bbl, to 20.1m bbl. PADD 2 stocks fell -12%, or -1.3m bbl, to 10.2m bbl, and in PADD 1, stocks decreased by -13% or -501k bbl to stand at 3.2m bbl. Implied demand increased +1% to 1.7 mb/d; imports were up +58% to 231 kb/d and production decreased -1% to 1.40 mb/d last week.

DOE CRUDE STATS | January 23, 2014

January 23, 2014

U.S. crude oil inventories increased by +990k bbl in the week ended January 17, while Cushing stocks grew by +722k bbl. Distillate inventories declined by -3212k bbl and gasoline inventories increased by +2123k 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 | January 20, 2014

Commitments of Traders Report – January 20, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 14. 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 , but decreased in heating oil, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas grew by +19.9k to +379.4k in futures and increased by +5.7k to +499.3k in f.....

OIL PRICE MONITOR | January 17, 2014

January 17, 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 | January 17, 2014

January 17, 2014

Baker Hughes shows 1,773 active rigs as of January 17, 2014, higher by +23 from the previous week. Oil rigs increased by +15 to 1,408 (ht: +4; vt-dir: +11) while gas-directed rigs increased by +8 to 365 (ht: +11; vt-dir: -3). Horizontal oil rigs increased by +8 to 159 in the Permian (TX) and fell by -3 to 172 in the Eagle Ford (TX). Gas-directed horizontal rigs increased by +4 to 20 in the Eagle Ford (TX) and decreased in Haynesville (LA) by -2 to 18.

NGL MARKET RECAP | January 15, 2014

January 15, 2014

Propane: US propane inventories fell by -3.8m bbl to 38.7m bbl for the week ended January 10, 2014, which is -14.8m bbl below the five-year average. PADD 3 inventories fell by -8%, or -1.9m bbl, to 21.3m bbl. PADD 2 stocks fell -12%, or -1.5m bbl, to 11.5m bbl, and in PADD 1, stocks decreased by -3% or -118k bbl to stand at 3.7m bbl. Implied demand increased +1% to 1.7 mb/d; imports were up +17% to 146 kb/d reflecting the arrival of a propane cargo in PADD 1A from Northwest Europe, and.....

DOE CRUDE STATS | January 15, 2014

January 15, 2014

U.S. crude oil inventories fell by -7658k bbl in the week ended January 10, while Cushing stocks rose by +145k bbl. Distillate inventories decreased by -1023k bbl and gasoline inventories grew by +6183k 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 -7......