OIL PRICE MONITOR
| July 12, 2013
July 12, 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.
NORTH AMERICAN RIG WATCH
| July 12, 2013
July 12, 2013
Baker Hughes shows 1,753 active rigs as of July 12, 2013, higher by +3 from the previous week. Oil rigs decreased by -4 to 1,391 (ht: -10; vt-dir: +6) while gas-directed rigs increased by +7 to 362 (ht: unchanged; vt-dir: +7). Horizontal oil rigs fell by -6 to 92 in the Anadarko (OK) and by -3 in both the Eagle Ford (TX) and the Bakken (ND) to 168 and 149, respectively. Gas-directed vertical/directional rigs increased the most in the Marcellus ( NEPA ) and in parts of Louisiana not currently ide.....
DOE CRUDE STATS
| July 10, 2013
July 10, 2013
U.S. crude oil inventories declined by -9874k bbl in the week ended July 05, while Cushing stocks decreased by -2687k bbl. Distillate inventories grew by +3038k bbl and gasoline inventories decreased by -2634k 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 b.....
CFTC COT
| July 08, 2013
Commitment of Traders Report - July 8, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 2, 2013. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercials increased net length in WTI , gasoline and heating oil, but decreased net length in natural gas during the reference week. Non-commercials’ net length in WT.....
OIL PRICE MONITOR
| July 05, 2013
July 5, 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.
NORTH AMERICAN RIG WATCH
| July 03, 2013
July 3, 2013
Baker Hughes shows 1,750 active rigs as of July 3, 2013, higher by +7 from the previous week. Oil rigs increased by +5 to 1,395 (ht: -4; vt-dir: +9) while gas-directed rigs increased by +2 to 355 (ht: +5; vt-dir: -3). Horizontal oil rigs fell by -4 to 152, but vertical/directional rigs jumped by +5 to 21, in the Bakken (ND). Similarly in the Eagle Ford, horizontal rigs declined by -3 to 171 while vertical/directional rigs increased by +5 to 37. Gas-directed horizontal rigs increased by +3 to 19 .....
DOE CRUDE STATS
| July 03, 2013
July 3, 2013
U.S. crude oil inventories declined by -10,347k bbl in the week ended June 28, while Cushing stocks grew by +392k bbl. Distillate inventories decreased by -2418k bbl and gasoline inventories fell by -1719k 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 -1.....
CFTC COT
| June 28, 2013
Commitment of Traders Report - June 28, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 25, 2013. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercials decreased net length in WTI , gasoline, heating oil and natural gas during the reference week. Non-commercials’ net length in WTI fell by -39.5k to 369.5k.....
OIL PRICE MONITOR
| June 28, 2013
June 28, 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.
NORTH AMERICAN RIG WATCH
| June 28, 2013
June 28, 2013
Baker Hughes shows 1,743 active rigs as of June 28, 2013, lower by -11 from the previous week. Oil rigs decreased by -15 to 1,390 (ht: -10; vt-dir: -5) while gas-directed rigs increased by +4 to 353 (ht: -2; vt-dir: +6). Horizontal oil rigs fell by -6 to 156 in the Bakken (ND) but increased by +6 to 27 in areas of Colorado not currently identified with a resource play. Gas-directed horizontal rigs increased by +3 to 24 in the Marcellus (WV), but fell by -3 to 16 in the Eagle Ford (TX).