NGL MARKET RECAP | November 20, 2013

November 20, 2013

In Focus: Louisiana ethane demand With 26% of US ethylene capacity located in Louisiana and with multiple plant conversions and expansions under construction for 2015 completion, local ethane demand is seen increasing by 230 kb/d over the next two years. A new, world-scale cracker to be built by Sasol at Lake Charles in 2017 would add 95 kb/d of incremental ethane demand. The Louisiana market as a whole is short around 200 kb/d of “native” ethane and short another 300 kb/d of other NGLs, accor.....


DOE CRUDE STATS | November 20, 2013

November 20, 2013

U.S. crude oil inventories grew by +375k bbl in the week ended November 15, while Cushing stocks increased by +1736k bbl. Distillate inventories declined by -4795k bbl and gasoline inventories fell by -345k 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 | November 18, 2013

Commitments of Traders Report – November 18, 2013

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 12. 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, Brent and heating oil, but increased in WTI and gasoline during the reference week. Non-commercials decreased net length in natural gas by -23.1 to +79.1k in futures and by -19.5 to +143.5k in futures a.....


OIL PRICE MONITOR | November 15, 2013

November 15, 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 | November 15, 2013

November 15, 2013

Baker Hughes shows 1,755 active rigs as of November 15, 2013, higher by +7 from the previous week. Oil rigs increased by +2 to 1,385 (ht: -2; vt-dir: +4) and gas-directed rigs increased by +5 to 370 (ht: +2; vt-dir: +3). Horizontal oil rigs decreased by -6 to 53 in areas of Texas not currently identified with an established resource play and increased by +4 to 148 in the Bakken (ND).


NGL MARKET RECAP | November 14, 2013

November 14, 2013

In place of this week’s commentary we have included additional charts that expand our analysis of US propane inventories. These will be included on a monthly basis.


DOE CRUDE STATS | November 14, 2013

November 14, 2013

U.S. crude oil inventories increased by +2640k bbl in the week ended November 08, while Cushing stocks rose by +1691k bbl. Distillate inventories fell by -481k bbl and gasoline inventories declined by -838k 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 | November 11, 2013

Commitments of Traders Report – November 11, 2013

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 5. 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, WTI , Brent, gasoline and heating oil during the reference week. Non-commercials decreased net length in natural gas by -65.6 to +102.2k in futures and by -64.1 to +163.0k in futures and options. The pric.....


OIL PRICE MONITOR | November 08, 2013

November 8, 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 | November 08, 2013

November 8, 2013

Baker Hughes shows 1,748 active rigs as of November 8, 2013, higher by +12 from the previous week. Oil rigs increased by +7 to 1,383 (ht: +9; vt-dir: -2) and gas-directed rigs increased by +5 to 365 (ht: +1; vt-dir: +4). Horizontal oil rigs increased by +9 to 143 in the Permian (TX) and by +5 to 177 Eagle Ford (TX). Gas-directed horizontal rigs fell by -2 to 15 in the Eagle Ford (TX) but increased by +1 to 19 and 16 in the Marcellus ( SWPA ) and Ohio, respectively.