CFTC COT
| September 10, 2010
September 10, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending September 7. 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 increased in the petroleum complex during the week ending September 7. WTI and gasoline saw slight increases while the increase was sharper in he.....
DOE CRUDE STATS
| September 09, 2010
Not with a Bang...
DOE CRUDE STATS Not with a bang… The curtain is drawing to on the weak 2010 gasoline season, with apparent mogas demand down -120 kb/d last week to 9.26 mb/d ahead of the Labor Day holiday. Meanwhile, refiners haven’t been able to resist pushing gasoline into the market. Apparent distillate demand held steady at 3.93 mb/d. Principal product demand did increase by 150 kb/d during the week,but primarily due to a 290 kb/d increase in apparent resid and jet/kero demand. Major data points: .....
CFTC COT
| September 03, 2010
September 03, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending August 31. 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 bearish streak in the petroleum complex eased somewhat during the week ending August 31 with a fall in heating oil non-commercial net short positions (futures and options .....
DOE CRUDE STATS
| September 01, 2010
An Early Distillate Draw
An early distillate draw US principal product apparent demand increased 0.26 mb/d on the week, primarily due to a 0.3 mb/d increase in apparent distillate demand. The erratic readings in apparent distillate demand this summer have been primarily due to fluctuations in exports throughout the season, rising above the EIA’s embedded export number, falling well below, and now likely rebounding. Nonetheless, it is clear that distillate has been the primary source of demand growth over last year’s a.....
CFTC COT
| August 27, 2010
August 27, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending August 24. 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. Investors continued to be bearish about the petroleum complex during the week ending August 24. WTI non-commercial net longs (futures only) declined 29%. Non-commercials red.....
DOE CRUDE STATS
| August 25, 2010
Yield To Pressure (including chart package)
Please find attached our analysis of this week’s DOE petroleum statistics. The prior version did not include the PDF file of detailed statistics and charts. We apologize for any inconvenience.
DOE CRUDE STATS
| August 25, 2010
Yield To Pressure
Yield to pressure Not much changed in the EIA’s estimates of this week’s principal product demand (though other oils demand dropped 320 kb/d) as the inventories statistics were bearish virtually across the board. The lone bright spot for market bulls was that Cushing crude inventories declined despite higher PADD II imports. Total gasoline inventories sit at a record high for this time of year and, amazingly, are at the same level as in mid-March while high yields are keeping gasoline produc.....
CFTC COT
| August 20, 2010
August 20, 2010
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending August 17. 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. Investors soured on the petroleum complex considerably during the week ending August 17. WTI non-commercial net longs declined slightly while non-commercials slashed net lon.....
DOE CRUDE STATS
| August 18, 2010
Too Little Too Late?
Too little too late? Principal product apparent demand increased 340 kb/d on the week, driven by a 270 kb/d increase in distillate demand and a 220 kb/d increase in gasoline. The stats weren’t nearly as bearish as yesterday’s API numbers and this is the third-highest demand reading of the year. But the major products continue to exhibit weakness despite the sizable gains in apparent demand while inventories remain bloated and refiners continue to churn out product. Major data points: • .....
CFTC COT
| August 13, 2010
August 13, 2010
Please find attached data in charts detailing the latest CFTC Commitments of Traders Report for the week ending August 10. 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 CFTC data indicate mixed news for WTI . Non-commercial net length increased by 5.6k to 191k (futures and options combined), but the disaggregated report indicates that b.....