DOE CRUDE STATS
| August 11, 2010
More Bearish Numbers
DOE CRUDE STATS More bearish numbers This week’s apparent demand numbers were quite weak for both gasoline and distillate, but the details continue to paint an especially bearish picture of the gasoline market. Principal product demand fell -310 kb/d on the week primarily due to a -240 kb/d drop in apparent gasoline demand. Even though lower refinery output and lower imports reduced gasoline supply by 2.8m bbl on the week, gasoline inventories still managed to rise contra-seasonally. App.....
CFTC COT
| August 06, 2010
August 06, 2010
Please find attached stats and charts detailing investor positions in WTI , natural gas, heating oil, and RBOB , as indicated by the latest CFTC Commitments of Traders report. We focus on non-commercial positions as well as the money manager positions in the CFTC’s newer disaggregated report. Risk appetites appear to have returned in energy markets, notwithstanding macroeconomic data that appears mixed at best. Index investors posted their third straight week of strong inflows while non-co.....
DOE CRUDE STATS
| August 04, 2010
Bearish numbers despite headline crude draw
DOE CRUDE STATS August 4, 2010 Bearish numbers despite headline crude draw US crude inventories may have drawn more than expected, but petroleum stocks continue to shift into finished product inventories, continuing a recent run of weak fundamental data. Total commercial petroleum inventories increased 6.1m bbl on the week and returned to an all-time record of 1.125 billion bbl, slightly higher than the previous peak one year ago. Major data points: Crude oil inventories: Drew by .....
CFTC COT
| July 30, 2010
July 30, 2010
Please find attached stats and charts detailing investor positions in WTI , natural gas, heating oil, and RBOB , as indicated by the latest CFTC Commitments of Traders report. We focus on non-commercial positions as well as the money manager positions in the CFTC’s newer disaggregated report. Investors continued to enter the commodities space by and large during the week ending July 27 in line with the previous week. In WTI , non-commercial net longs increased by almost 30% from last week.....
DOE CRUDE STATS
| July 28, 2010
Crude build distracts from rampant gasoline output
DOE CRUDE STATS July 28, 2010 Crude build distracts from rampant gasoline output The 7.3m bbl crude build should dominate headlines (11.7m bbl east of the Rockies!) but it was likely an aberration due to the offloading of floating storage in GOM . Imports into PADD III jumped 1.73 mb/d to 7.2 mb/d while the region built a record 8.18m bbl. At 11.15 mb/d, total crude imports hit their third-highest weekly level ever. On the apparent demand front, mogas jumped 0.2 mb/d to a health.....
CFTC COT
| July 23, 2010
July 23, 2010
Please find attached stats and charts detailing investor positions in WTI , natural gas, heating oil, and RBOB , as indicated by the latest CFTC Commitments of Traders report. We focus on non-commercial positions as well as the money manager positions in the CFTC’s newer disaggregated report. Investors entered the commodities space by and large during the week ending July 20 in a reversal of trends from the last three weeks. In WTI , non-commercial net longs fell marginally from last week.....
CFTC COT
| July 19, 2010
Correction of last week's report
Please find attached an updated version of last week’s CFTC Commitments of Traders Report. The tables that we distributed last week included an error in the w-o-w change of net length in WTI positions. We apologize for any inconvenience.
CFTC COT
| July 16, 2010
July 16, 2010
Please find attached stats and charts detailing investor positions in WTI , natural gas, heating oil, and RBOB , as indicated by the latest CFTC Commitments of Traders report. We focus on non-commercial positions as well as the money manager positions in the CFTC’s newer disaggregated report. By and large, investors exited the commodities space again during the week ending July 13. In WTI , non-commercial net longs came back up after hitting their lowest point in a year last week. Net lon.....
DOE CRUDE STATS
| July 14, 2010
Pulling out the rug on gasoline
DOE CRUDE STATS July 14, 2010 Pulling out the rug on gasoline There is a lot to digest in this week’s EIA report. Overall, the stats undermine gasoline prices (and should pressure the distillate market as well), indicating a bit of over-exuberance about the traditional peak of the US driving season. Major data points: Crude oil inventories: Drew by -5.06m bbl, vs. expectations of a -1.5m bbl draw, due to a 4.76m bbl draw in PADD III (Gulf Coast). Crude stocks have dropped 10.....