NGL MARKET RECAP
| October 30, 2013
October 30, 2013
In Focus: Northeast Processing and Blending update With MarkWest’s 320 mmcf/d Mobley plant in Wetzel County, Ohio, back in service this month after an outage in August, additional processing capacity in the region will come online by the end of the year, presenting producers with challenges and opportunities to meet residue pipeline specifications while maximizing gas and NGL output. The first 200 mmcf/d train at MarkWest’s Seneca facility in Noble County, Ohio, is just about one week away.....
DOE CRUDE STATS
| October 30, 2013
October 30, 2013
U.S. crude oil inventories rose by +4087k bbl in the week ended October 25, while Cushing stocks grew by +2178k bbl. Distillate inventories decreased by -3058k bbl and gasoline inventories fell by -1713k 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 : Rose by +4.09m b.....
CFTC COT
| October 28, 2013
Commitments of Traders Report - October 28, 2013
Today, the CFTC published its second Commitments of Traders ( COT ) report since the U.S. government shutdown. It includes data for reported date of October 8, and was originally scheduled to be published on October 11. As ICE data was published without interruption, today’s report includes all activity through October 8. The CFTC announced the following schedule for delayed reports as they become available: - October 14 dated reports will be published the week of October 28 - October .....
CFTC COT
| October 25, 2013
Commitments of Traders Report - October 25, 2013
Today, the CFTC published its first Commitments of Traders ( COT ) report since the U.S. government shutdown. It includes data for reported date of October 1, and was originally scheduled to be published on October 4. As ICE data was published without interruption, today’s report includes all activity through October 1. The CFTC also announced the following schedule for delayed reports as they become available: - October 7 and October 14 dated reports will be published the week of Octo.....
OIL PRICE MONITOR
| October 25, 2013
October 25, 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
| October 25, 2013
October 25, 2013
Baker Hughes shows 1,733 active rigs as of October 18, 2013, unchanged from the previous week. Oil rigs decreased by -4 to 1,357 (ht: -3; vt-dir: -1) and gas-directed rigs increased by +4 to 376 (ht: +2; vt-dir: +2). Horizontal oil rigs increased by +2 to 130 in the Permian (TX), while gas-directed horizontal rigs increased by +2 to 18 in the Eagle Ford (TX), but fell by -2 to 20 in the Marcellus ( SWPA ).
NGL MARKET RECAP
| October 23, 2013
October 23, 2013
In Focus: heavies exports to Canada In July, 92% of all US natural gasoline exports went to Canada, which was nearly 60% of total US gas plant production. Natural gasoline is the most valuable NGL and is used as a diluent to lower the viscosity of Canadian bitumen, allowing it to flow in pipelines. This export market is critical for gas producers who not only rely on the strength of the heavy portion of the NGL barrel for profitable fractionation spreads, but who also face declining domest.....
DOE CRUDE STATS
| October 23, 2013
October 23, 2013
U.S. crude oil inventories rose by +5246k bbl in the week ended October 18, while Cushing stocks increased by +358k bbl. Distillate inventories grew by +1537k bbl and gasoline inventories decreased by -1805k 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 : Rose by +5.2.....
DOE CRUDE STATS
| October 21, 2013
October 21, 2013
U.S. crude oil inventories grew by +3999k bbl in the week ended October 11, while Cushing stocks increased by +366k bbl. Distillate inventories declined by -1801k bbl and gasoline inventories decreased by -2570k 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 : Grew by .....
OIL PRICE MONITOR
| October 18, 2013
October 18, 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.....