OIL PRICE MONITOR
| May 23, 2014
May 23, 2014
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. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Singap.....
NORTH AMERICAN RIG WATCH
| May 23, 2014
May 23, 2014
Baker Hughes shows 1,853 active rigs as of May 23, 2014, lower by -4 from the previous week. Oil rigs decreased by -3 to 1,528 (ht: -8; vt-dir: +5) while gas-directed rigs decreased by -1 to 325 (ht: +3; vt-dir: -4). Horizontal oil rigs decreased by -6 to 186 in Eagle Ford (TX) and vertical/directional oil rigs increased by +3 to 216 in the Permian (TX). Gas-directed horizontal rigs decreased by -2 to 23 in Haynesville (TX).
NGL MARKET RECAP
| May 21, 2014
May 21, 2014
In Focus: Incremental LPG exports Although U.S. propane production increased +88 kb/d w-o-w to hit a new high and as PADD 3 inventories continue to exhibit strong builds, a review of planned LPG export facilities – both large and small – suggest the market could tighten in late 1Q and 2Q 2015.
DOE CRUDE STATS
| May 21, 2014
May 21, 2014
U.S. crude oil inventories decreased by -7226k bbl in the week ended May 16, while Cushing stocks declined by -225k bbl. Distillate inventories grew by +3399k bbl and gasoline inventories increased by +970k 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 : Declined by.....
CFTC COT
| May 19, 2014
Commitments of Traders Report – May 19, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 13. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in Brent and WTI , but decreased in natural gas, heating oil and gasoline during the reference week. Non-commercials net length in natural gas fell by -23.7k to +354.8k in futures and decreased by -47.6k to +461.4k in f.....
OIL PRICE MONITOR
| May 16, 2014
May 16, 2014
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. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Singap.....
NORTH AMERICAN RIG WATCH
| May 16, 2014
May 16, 2014
Baker Hughes shows 1,857 active rigs as of May 16, 2014, higher by +6 from the previous week. Oil rigs increased by +3 to 1,531 (ht: +3; vt-dir: 0) while gas-directed rigs increased by +3 to 326 (ht: +2; vt-dir: +1). Horizontal oil rigs increased by +4 to 119 in Anadarko (OK) and vertical/directional oil rigs increased by +4 to 213 in the Permian (TX). Gas-directed horizontal rigs increased by +3 to 26 in Marcellus ( SWPA ).
NGL MARKET RECAP
| May 14, 2014
May 14, 2014
Propane: US propane inventories increased by +2.5m bbl to 37.7m bbl for the week ended May 9, 2014. PADD 3 inventories increased +7%, or +1.4m bbl, to 20.8m bbl. PADD 2 stocks increased by +7%, or +830k bbl, to 12.5m bbl. In PADD 1, stocks increased by +6% or +166k bbl to 3.0m bbl. Implied demand increased +22% to 849 kb/d; imports decreased -24% to 55 kb/d and production fell -1% to 1.46 mb/d last week. This week we have included our expanded charts, including Canadian LPG inventori.....
DOE CRUDE STATS
| May 14, 2014
May 14, 2014
U.S. crude oil inventories increased by +947k bbl in the week ended May 09, while Cushing stocks declined by -592k bbl. Distillate inventories fell by -1124k bbl and gasoline inventories declined by -772k 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 : Increased by .....
CFTC COT
| May 12, 2014
Commitments of Traders Report – May 12, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 06. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials decreased net length in natural gas, heating oil, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas fell by -6.1k to +378.6k in futures and declined by -6.7k to +509.0k in futures and options. The .....