CFTC COT | January 13, 2014

Commitments of Traders Report – January 13, 2014

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 07. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials decreased net length in natural gas, heating oil, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas declined by -5.1k to +359.5k in futures and fell by -3.0k to +493.6k in futures and options. .....

OIL PRICE MONITOR | January 11, 2014

January 13, 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 10, 2014

January 10, 2014

Baker Hughes shows 1,750 active rigs as of January 10, 2014, unchanged from the previous week. Oil rigs increased by +15 to 1,393 (ht: +20; vt-dir: -5) and gas-directed rigs decreased by -15 to 357 (ht: -10; vt-dir: -5). Vertical oil rigs increased by +11 to 98 in Anadarko (OK), while horizontal gas-directed rigs increased by +2 to 25 in Haynesville (TX) and by +2 to 29 in Marcellus (WV).

NGL MARKET RECAP | January 08, 2014

January 8, 2014

Propane: US propane inventories fell by -3.4m bbl to 42.4m bbl for the week ended January 3, 2014, which is -13.2m bbl below the five-year average. PADD 3 inventories fell by -8%, or -2.1m bbl, to 23.2m bbl. PADD 2 stocks fell -9%, or -1.2m bbl, to 13.1m bbl, and in PADD 1, stocks decreased by -95k bbl to stand at 3.8m bbl. Implied demand increased +22% to 1.7 mb/d; imports were up +19% to 125 kb/d and production increased +1% to 1.47 mb/d last week. In Focus: Northeast propane Des.....

DOE CRUDE STATS | January 08, 2014

January 8, 2014

U.S. crude oil inventories declined by -2675k bbl in the week ended January 03, while Cushing stocks grew by +1100k bbl. Distillate inventories increased by +5826k bbl and gasoline inventories rose by +6243k 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 : Fell by -2.....

CFTC COT | January 06, 2014

Commitments of Traders Report – January 6, 2014

Non-commercials increased net length in Brent and gasoline, but decreased in natural gas and WTI during the reference week. Non-commercials decreased net length in natural gas by -13.4 to +364.6k in futures and by -17.3 to +496.6k in futures and options. The price of the front month natural gas contract was down by -4.2% to $4.23 on December 31. Non-commercial traders entered long and short positions in NYMEX futures, but exited long positions in NYMEX swaps and short positions in NYMEX.....

OIL PRICE MONITOR | January 06, 2014

January 6, 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.....

NGL MARKET RECAP | January 03, 2014

January 3, 2014

Propane: US propane inventories fell by -1.5m bbl to 45.9m bbl for the week ended December 27, 2013, which is -11.2m bbl below the five-year average. PADD 3 inventories fell by -2.1%, or -836k bbl, to 25.3m bbl. PADD 2 stocks fell -5.8%, or -877k bbl, to 14.3m bbl, and in PADD 1, stocks increased by +17k bbl to stand at 3.9m bbl. Implied demand decreased -9% to 1.41 mb/d; imports declined by -10% to 105 kb/d and production increased +1% to 1.45 mb/d last week.

NORTH AMERICAN RIG WATCH | January 03, 2014

January 3, 2014

Baker Hughes shows 1,750 active rigs as of January 3, 2014, lower by -6 from the previous week. Oil rigs decreased by -4 to 1,378 (ht: +2; vt-dir: -6) and gas-directed rigs decreased by -2 to 372 (ht: 0; vt-dir: -2). Vertical oil rigs increased by +2 to 41 in Anadarko (TX), while horizontal gas-directed rigs increased by +2 to 23 Haynesville (TX).

DOE CRUDE STATS | January 03, 2014

January 3, 2014

U.S. crude oil inventories fell by -7007k bbl in the week ended December 27, while Cushing stocks decreased by -552k bbl. Distillate inventories rose by +5042k bbl and gasoline inventories grew by +844k 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 : Decreased by -7.....