OIL PRICE MONITOR | June 22, 2012

June 22, 2012

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 weekly DOE EIA data.

DOE CRUDE STATS | June 20, 2012

June 20, 2012

U.S. crude oil inventories rose by +2,861k bbl in the week ended June 15, while Cushing stocks built +360k bbl. Distillate inventories increased by +1,156k bbl and gasoline inventories gained +943k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Built +2.86m bbl (vs. the API estimate of -0.6m bbl), driven by a gain of +1.91m bbl in PADD II. Stocks in Cushing increased by +0.36m bbl (vs. the API estimate of +0.6m bbl) and n.....

CFTC COT | June 15, 2012

Commitment of Traders Report - June 15, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 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. The week ended June 12 was relatively calm for non-commercial net length in in WTI . Non-commercial net length in in WTI fell by -5.9k to 202.9k in futures and was flat at 275......

OIL PRICE MONITOR | June 15, 2012

June 15, 2012

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 weekly DOE EIA data.

NORTH AMERICAN RIG WATCH | June 15, 2012

Baker Hughes

Baker Hughes shows 1,967 active rigs as of June 15, 2012, down -12 from a week ago. Oil rigs went down by -9 (ht: -12, vt-dir: +3) and total gas rigs went down by -3 (ht: -3, vt-dir: unch). Horizontal oil rigs went down by -16 in Eagle Ford (TX) and -3 in Bakken (ND) and Permian (NM), while going up by +2 in Permian (TX). Vertical/directional oil rigs went down by -4 in Eagle Ford (TX), while going up by +3 in Permian (NM). Horizontal gas rigs went up by +4 in Eagle Ford (TX) and by +2 in Marc.....

NORTH AMERICAN RIG WATCH | June 15, 2012

Schlumberger (Smith) STATS

STATS shows 1,846 active rigs as of June 15, 2012, down -1 rig from a week ago. Oil rigs went up by +12 (ht: +2, vt-dir: +10) and total gas rigs went down by -13 (ht: -14, vt-dir: +1). Horizontal oil rigs went up by +2 in Anadarko (OK) and Permian (TX), while going down by -3 in Eagle Ford (TX). Vertical/Directional oil rigs went up by +3 in Permian (TX) and by +2 in Eagle Ford (TX) and Permian (NM). Horizontal gas rigs went down by -5 in Woodford (Arkoma), followed by -3 in Fayetteville (AR).....

DOE CRUDE STATS | June 13, 2012

June 13, 2012

U.S. crude oil inventories decreased by -191k bbl in the week ended June 8, while Cushing stocks drew -380k bbl. Distillate inventories fell by -63k bbl and gasoline inventories declined by -1,724k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Drew -0.19m bbl (vs. the API estimate of +1.6m bbl), driven by declines in PADDs I, II, and III that offset a build of +1.21m bbl in PADD V. Stocks in Cushing decreased by -0.38m b.....

CFTC COT | June 08, 2012

Commitment of Traders Report - June 8, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 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 reduced net length in WTI for the fourth time in five weeks during the week ended June 5. Non-commercials cut net length by 15.7k to 208.8k in futures and by 7.2k.....

OIL PRICE MONITOR | June 08, 2012

June 8, 2012

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 weekly DOE EIA data.

NORTH AMERICAN RIG WATCH | June 08, 2012

Baker Hughes

Baker Hughes shows 1,979 active rigs as of June 8, 2012, up +5 from a week ago. Oil rigs went up by +28 (ht: +12, vt-dir: +16) and total gas rigs went down by -23 (ht: -18, vt-dir: -5). Horizontal oil rigs went up by +5 in Anadarko (TX) and +3 in Permian (TX), while going down by -2 in Bakken (ND). Vertical/directional oil rigs went up by +3 in Eagle Ford (TX) and +2 in Bakken (ND). Horizontal gas rigs went down by -5 in Eagle Ford (TX) and Haynesville (LA), followed by a fall of -4 rigs in G.....