OIL PRICE MONITOR
| February 24, 2013
February 24, 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
| February 22, 2013
February 22, 2013
STATS shows 1,646 active rigs as of February 22, 2013, lower by -7 for the week. Oil rigs decreased by -2 to 1,283 (ht: -1; vt-dir: -1) and gas rigs decreased by -5 to 363 (ht: -9; vt-dir: +4). Horizontal oil rigs increased by +4 to 183 in the Bakken (ND) but fell by -2 to 185 in Eagle Ford (TX). Horizontal gas rigs drilling in both the Eagle Ford (TX) and Marcellus (WV) fell by -4 to 20, but increased by +3 to 24 in another part of the Marcellus ( SWPA ). Baker Hughes shows 1,757 active rigs.....
DOE CRUDE STATS
| February 21, 2013
February 21, 2013
U.S. crude oil inventories rose by +4143k bbl in the week ended February 15, while Cushing stocks built by +417k bbl. Distillate inventories drew -2277k bbl and gasoline inventories decreased by -2884k 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 : Built by +4.14m bb.....
CFTC COT
| February 15, 2013
Commitment of Traders Report - February 15, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 12. 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 to the highest position since April 26, 2011 when the price of WTI was $112.21. Non-commercial WTI net length has climbed by +109k fro.....
OIL PRICE MONITOR
| February 15, 2013
February 15, 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
| February 15, 2013
February 15, 2013
STATS shows 1,653 active rigs as of February 15, 2013, lower by -14 for the week. Oil rigs decreased by -9 to 1,285 (ht: -26; vt-dir: +17) and gas rigs decreased by -5 to 368 (ht: -5; vt-dir: unchanged). Horizontal oil rigs fell by -5 to 187 in the Eagle Ford (TX) and fell by -7 to 179 in the Bakken (ND). Vertical/directional rigs increased by +4 to 221 in the Permian (TX) and by +13 to 216 in the “Other” category. Although horizontal gas rigs drilling in the Eagle Ford (TX) fell by -6 to 24, t.....
DOE CRUDE STATS
| February 13, 2013
February 13, 2013
U.S. crude oil inventories increased by +560k bbl in the week ended February 8, while Cushing stocks declined by -1118k bbl. Distillate inventories fell by -3677k bbl and gasoline inventories drew -803k 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 +0.56m bb.....
CFTC COT
| February 08, 2013
Commitment of Traders Report - February 8, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 5. 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 boosted WTI length again this week. The total expansion in non-commercial WTI net length is now +92k over the past eight weeks while the price of WTI has .....
OIL PRICE MONITOR
| February 08, 2013
February 8, 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
| February 08, 2013
February 8, 2013
STATS shows 1,667 active rigs as of February 8, 2013, lower by -5 for the week. Oil rigs decreased by -1 to 1,294 (ht: +5; vt-dir: -6) and gas rigs decreased by -4 to 373 (ht: -8; vt-dir: +4). Horizontal oil rigs jumped by +8 to 192 in the Eagle Ford (TX) but fell by -4 to 102 in the Anadarko (OK). Meanwhile, gas-directed horizontal rigs decreased by -4 to 30 in the Eagle Ford (TX) and by -3 in both the Fayetteville (AR) and Marcellus ( NEPA ) to 16 and 35, respectively, but increased by +3 to .....