CFTC COT
| January 06, 2014
Commitments of Traders Report – January 6, 2014
Non-commercials increased net length in Brent and gasoline, but decreased in natural gas and WTI during the reference week. Non-commercials decreased net length in natural gas by -13.4 to +364.6k in futures and by -17.3 to +496.6k in futures and options. The price of the front month natural gas contract was down by -4.2% to $4.23 on December 31. Non-commercial traders entered long and short positions in NYMEX futures, but exited long positions in NYMEX swaps and short positions in NYMEX.....
OIL PRICE MONITOR
| January 06, 2014
January 6, 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: Si.....
NGL MARKET RECAP
| January 03, 2014
January 3, 2014
Propane: US propane inventories fell by -1.5m bbl to 45.9m bbl for the week ended December 27, 2013, which is -11.2m bbl below the five-year average. PADD 3 inventories fell by -2.1%, or -836k bbl, to 25.3m bbl. PADD 2 stocks fell -5.8%, or -877k bbl, to 14.3m bbl, and in PADD 1, stocks increased by +17k bbl to stand at 3.9m bbl. Implied demand decreased -9% to 1.41 mb/d; imports declined by -10% to 105 kb/d and production increased +1% to 1.45 mb/d last week.
NORTH AMERICAN RIG WATCH
| January 03, 2014
January 3, 2014
Baker Hughes shows 1,750 active rigs as of January 3, 2014, lower by -6 from the previous week. Oil rigs decreased by -4 to 1,378 (ht: +2; vt-dir: -6) and gas-directed rigs decreased by -2 to 372 (ht: 0; vt-dir: -2). Vertical oil rigs increased by +2 to 41 in Anadarko (TX), while horizontal gas-directed rigs increased by +2 to 23 Haynesville (TX).
DOE CRUDE STATS
| January 03, 2014
January 3, 2014
U.S. crude oil inventories fell by -7007k bbl in the week ended December 27, while Cushing stocks decreased by -552k bbl. Distillate inventories rose by +5042k bbl and gasoline inventories grew by +844k 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 : Decreased by -7.....
CFTC COT
| December 30, 2013
Commitments of Traders Report – December 30, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 24. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, WTI , Brent, gasoline and heating oil during the reference week. Non-commercials increased net length in natural gas by +57.4 to +378.1k in futures and by +55.0 to +513.9k in futures and options. The pri.....
OIL PRICE MONITOR
| December 27, 2013
December 27, 2013
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: Si.....
NORTH AMERICAN RIG WATCH
| December 27, 2013
December 27, 2013
Baker Hughes shows 1,756 active rigs as of December 27, 2013, lower by -11 from the previous week. Oil rigs decreased by -13 to 1,382 (ht: +3; vt-dir: -16) while gas-directed rigs increased by +2 to 374 (ht: +3; vt-dir: -1). Vertical oil rigs decreased by -9 to 208 in the Permian (TX), while horizontal gas-directed rigs increased by +1 to 23 in the Marcellus ( SWPA ).
NGL MARKET RECAP
| December 27, 2013
December 27, 2013
Propane: US propane inventories fell by -2.5m bbl to 47.4m bbl for the week ended December 20, 2013, which is -11.5m bbl below the five-year average. PADD 3 inventories fell by -4.5% to 25.9m bbl. PADD 2 stocks fell -5.1%, or -801k bbl, to 15.1m bbl, and in PADD 1, stocks declined by -274k bbl to 3.9m bbl. Implied demand decreased -4% to 1.55 mb/d; imports declined by -3% to 117 kb/d and production increased +2% to 1.44 mb/d last week.
DOE CRUDE STATS
| December 27, 2013
December 27, 2013
U.S. crude oil inventories fell by -4731k bbl in the week ended December 20, while Cushing stocks decreased by -446k bbl. Distillate inventories declined by -1850k bbl and gasoline inventories fell by -614k 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 : Decreased b.....