CFTC COT
| December 02, 2013
Commitments of Traders Report – December 2, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 26. 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, WTI , Brent, gasoline and heating oil during the reference week. Non-commercials increased net length in natural gas by +61.2k to +133.6k in futures and by +47.3k to +184.9k in futures and options. The p.....
OIL PRICE MONITOR
| November 29, 2013
November 29, 2013
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
| November 27, 2013
November 27, 2013
Propane: US propane inventories fell by -1.4m bbl to 56.9m bbl for the week ended November 22, 2013, which is -7.2m bbl below the five-year average. PADD 3 inventories fell for the ninth consecutive week, this time by -0.8m bbl and PADD 2 stocks by -0.6m bbl. Implied demand decreased -8.8% to 1.52 mb/d; imports jumped +9.8% to 134 kb/d and production was slightly higher at 1.47 mb/d last week.
NORTH AMERICAN RIG WATCH
| November 27, 2013
November 27, 2013
Baker Hughes shows 1,758 active rigs as of November 27, 2013, higher by +2 from the previous week. Oil rigs increased by +4 to 1,391 (ht: -1; vt-dir: +5) while gas-directed rigs decreased by -2 to 367 (ht: +1; vt-dir: -3). Horizontal oil rigs increased by +5 to 40 in areas of Oklahoma not currently identified with an established resource play and decreased by -2 to 90 in the Anadarko (OK). Gas-directed horizontal rigs decreased by -4 to 10 in areas of Oklahoma not currently identified with an es.....
DOE CRUDE STATS
| November 27, 2013
November 27, 2013
U.S. crude oil inventories rose by +2953k bbl in the week ended November 22, while Cushing stocks grew by +676k bbl. Distillate inventories decreased by -1666k bbl and gasoline inventories rose by +1751k 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 +2.95m b.....
CFTC COT
| November 25, 2013
Commitments of Traders Report – November 25, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 19. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in WTI , Brent, gasoline and heating oil, but decreased in natural gas during the reference week. Non-commercials decreased net length in natural gas by -6.7 to +72.4k in futures and by -5.9 to +137.6k in futures and op.....
OIL PRICE MONITOR
| November 22, 2013
November 22, 2013
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
| November 22, 2013
November 22, 2013
Baker Hughes shows 1,756 active rigs as of November 22, 2013, higher by +1 from the previous week. Oil rigs increased by +2 to 1,387 (ht: +13; vt-dir: -11) while gas-directed rigs decreased by -1 to 369 (ht: +1; vt-dir: -2). Horizontal oil rigs increased by +7 to 185 in the Eagle Ford (TX) and by +4 to 40 in the Anadarko (TX). Gas-directed horizontal rigs increased by +4 to 24 in the Marcellus (WV) but fell by -2 to 13 in the Eagle Ford.
NGL MARKET RECAP
| November 20, 2013
November 20, 2013
In Focus: Louisiana ethane demand With 26% of US ethylene capacity located in Louisiana and with multiple plant conversions and expansions under construction for 2015 completion, local ethane demand is seen increasing by 230 kb/d over the next two years. A new, world-scale cracker to be built by Sasol at Lake Charles in 2017 would add 95 kb/d of incremental ethane demand. The Louisiana market as a whole is short around 200 kb/d of “native” ethane and short another 300 kb/d of other NGLs, accor.....
DOE CRUDE STATS
| November 20, 2013
November 20, 2013
U.S. crude oil inventories grew by +375k bbl in the week ended November 15, while Cushing stocks increased by +1736k bbl. Distillate inventories declined by -4795k bbl and gasoline inventories fell by -345k 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 : Increased by .....