OIL PRICE MONITOR
| August 12, 2011
August 12, 2011
Attached is this week’s LCMC Oil Price Monitor , which provides an overview of global oil price 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
| August 12, 2011
Schlumberger (Smith) STATS
STATS shows 1,800 active rigs as of August 12, 2011, compared to 1,779 a week ago. Oil rigs were up by 12 (ht: +1, vt-dir: +11), and gas rigs were up by 9 (ht: +6, vt-dir: +3). Statistical summary is attached.
DOE CRUDE STATS
| August 10, 2011
August 10, 2011
August 10, 2011 Despite the release of a further 2.5m bbl of crude from the SPR , crude stocks drew a sizeable -5.2m bbl this week, with Cushing stocks down -1.4m bbl to 34.6m bbl. Cushing’s strong summertime draw owes much to near record-setting PADD II refining activity, which is pushing through crude at a rate not sustained since the summer of 2000. Meanwhile, although the weekly EIA data suggest that imports into PADD II are running at an all-time high, the picture is more complex t.....
CFTC COT
| August 05, 2011
Commitment of Traders Report - August 5, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 2. 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-commercial net length declined across the petroleum complex during week ended August 2. We suspect that it was on account of the sell-off in global markets that started at th.....
OIL PRICE MONITOR
| August 05, 2011
August 05, 2011
Attached is this week’s LCMC Oil Price Monitor, which provides an overview of global oil price 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
| August 05, 2011
Schlumberger (Smith) STATS - NEW Report!
Dear clients, We are delighted to introduce our new report “U.S. Rig Watch – Schlumberger (Smith) STATS .” This new report contains oil and gas rigs broken by type (horizontal and vertical/directional), by target (oil and gas), and by formation/state in an easy-to-follow layout. U.S. Rig Watch will be published Fridays shortly after source data becomes available. Please do not hesitate to contact us at info@lcmc-research.com if you require any additional information or would like to prov.....
DOE CRUDE STATS
| August 03, 2011
August 03, 2011
August 3, 2011 A +3.0m bbl jump in PADD III crude stocks, buoyed by a 4.5m bbl release from the SPR , drove a +1.0m bbl build in U.S. commercial crude stocks, despite the 260k bbl of production loss caused by Tropical Storm Don. 4wk avg PADD II crude refinery input hit an all-time high of 3.49 mb/d as refiners in the Midcon continue to take advantage of strong cracking margins. In products, 4wk avg apparent finished mogas demand crashed to its lowest level, on a seasonal basis, since .....
CFTC COT
| July 29, 2011
Commitment of Traders Report - July 29, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 26. 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 July 26 was relatively uneventful for non-commercial net length in the petroleum complex. Non-commercial net length increased by 14.5k to 253.3k in futures, and by .....
DOE CRUDE STATS
| July 27, 2011
July 27, 2011
July 27, 2011 Attached are two PDF files that provide LCMC’s perspective on the DOE EIA’s Weekly Petroleum Status Report. One file provides detailed statistics and charts based on the raw data, while the other provides a brief written analysis. In this week’s DOE EIA data, driving a headline +2.3m bbl build in U.S. commercial crude stocks was a sizeable +5.5m bbl jump in crude inventories in PADD III , thanks in part to the release of 2.3m bbl of crude from the U.S. SPR along th.....
CFTC COT
| July 22, 2011
Commitment of Traders Report - July 22, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 19. 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 shifted back to a net long position in the natural gas market during the week ended July 19 (from last week’s net short position), as they increased their net long.....