CFTC COT | December 23, 2013

Commitments of Traders Report – December 23, 2013

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 17. 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 and WTI , but decreased in Brent, gasoline and heating oil during the reference week. Non-commercials increased net length in natural gas by +62.6 to +320.7k in futures and by +79.8 to +458.8k in futures .....

OIL PRICE MONITOR | December 23, 2013

December 20, 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: Sin.....

NORTH AMERICAN RIG WATCH | December 20, 2013

December 20, 2013

Baker Hughes shows 1,767 active rigs as of December 20, 2013, lower by -13 from the previous week. Oil rigs decreased by -16 to 1,395 (ht: -12; vt-dir: -4) while gas-directed rigs increased by +3 to 372 (ht: +7; vt-dir: -4). Horizontal oil rigs decreased by -3 to 153 in the Bakken (ND) and fell by -4 to 177 in the Eagle Ford (TX). Gas-directed horizontal rigs increased by +4 to 27 in the Marcellus (WV).

NGL MARKET RECAP | December 18, 2013

December 18, 2013

Propane: US propane inventories fell by -2.7m bbl to 50.0m bbl for the week ended December 13, 2013, which is -10.7m bbl below the five-year average. PADD 3 inventories fell by -4.3% to 27.1m bbl. PADD 2 stocks fell -5.8%, or -988k bbl, to 16.0m bbl, and in PADD 1, stocks declined by -266k bbl to 4.2m bbl. Implied demand increased +4% to 1.62 mb/d; imports declined by -9% to 121 kb/d and production dropped -5% to 1.41 mb/d last week.

DOE CRUDE STATS | December 18, 2013

December 18, 2013

U.S. crude oil inventories fell by -2941k bbl in the week ended December 13, while Cushing stocks decreased by -600k bbl. Distillate inventories declined by -2110k bbl and gasoline inventories grew by +1337k 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 .....

CFTC COT | December 16, 2013

Commitments of Traders Report – December 16, 2013

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 10. 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 , gasoline and heating oil, but decreased in Brent during the reference week. Non-commercials increased net length in natural gas by +101.5 to +258.1k in futures and by +128.9 to +379.0k in futures a.....

OIL PRICE MONITOR | December 13, 2013

December 13, 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 13, 2013

December 13, 2013

Baker Hughes shows 1,780 active rigs as of December 13, 2013, higher by +8 from the previous week. Oil rigs increased by +14 to 1,411(ht: +7; vt-dir: +7) while gas-directed rigs decreased by -6 to 369 (ht: +1; vt-dir: -7). Horizontal oil rigs increased by +8 to 156 in the Bakken (ND) but fell by -3 to 90 in the Anadarko (OK). Gas-directed horizontal rigs increased by +2 to 21 in the Marcellus ( SWPA ).

NGL MARKET RECAP | December 11, 2013

December 11, 2013

Propane: US propane inventories fell by -1.7m bbl to 52.6m bbl for the week ended December 6, 2013, which is -10.6m bbl below the five-year average. PADD 3 inventories increased for the first time in 12 weeks, adding a scant +100k bbl to stand at 28.3m bbl. PADD 2 stocks drew -1.5m bbl to 17m bbl reflecting heightened demand for the heating fuel, similar to PADD 1, where stocks declined by -189k bbl to 4.5m bbl. Implied demand decreased -7% to 1.56 mb/d; imports increased by +6% to 133 k.....

DOE CRUDE STATS | December 11, 2013

December 11, 2013

U.S. crude oil inventories declined by -10585k bbl in the week ended December 06, while Cushing stocks increased by +625k bbl. Distillate inventories grew by +4541k bbl and gasoline inventories rose by +6717k 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.....