NORTH AMERICAN RIG WATCH | October 14, 2011

Schlumberger (Smith) STATS

STATS shows 1,860 active rigs as of October 14, 2011, up +9 rigs from a week ago. Oil rigs rose by +4 (ht: +1, vt-dir: +3) and gas rigs rose by +5 (ht: +8, vt-dir: -3).


EIA NG STORAGE REPORT | October 13, 2011

+112 bcf

EIA reported a +112 bcf build for the week ended October 7. This was above consensus estimates (Bloomberg median +104 bcf, Bloomberg whisper +107 bcf), the year-ago build (+90 bcf), and the prior 5-year average (+72 bcf). But even with the bearish announcement, the NYMEX front month is still up +$0.03 on the day (as the report is written). Weather adjusted, this week’s injection still implies balances in line with the prior week and looser year on year. With mild weather forecast, the next.....


CFTC COT | October 07, 2011

Commitment of Traders Report - October 7, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended October 4. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The week ended October 4 saw a fall in non-commercial net length in WTI (for the third consecutive week) and heating oil along with an increase in gasoline. Non-commercial net.....


NORTH AMERICAN RIG WATCH | October 07, 2011

Schlumberger (Smith) STATS

STATS shows 1,851 active rigs as of October 7, 2011, up +18 rigs from a week ago. Oil rigs rose by +13 (ht: +5, vt-dir: +8) and gas rigs rose by +5 (ht: +9, vt-dir: -4).


EIA NG STORAGE REPORT | October 06, 2011

+97 bcf

EIA reported a +97 bcf build for the week ended September 30. This was in line with consensus estimates (Bloomberg median +98 bcf, Bloomberg whisper +96 bcf) but still well above the prior 5-year average (+74 bcf) and the year-ago build (+84 bcf). Even with the NYMEX front month falling 23 cents over the past week to its lowest point since last October, today’s EIA announcement still managed to contribute to another 4 cent drop. However, we believe this week’s build still makes balances app.....


CFTC COT | September 30, 2011

Commitment of Traders Report - September 30, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 27. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercial net length dropped across the board within the petroleum complex during the week ended September 27, and was likely a reflection of the commodity sell-off on S.....


NORTH AMERICAN RIG WATCH | September 30, 2011

Schlumberger (Smith) STATS

STATS shows 1,833 active rigs as of September 30, 2011, up +3 rigs from a week ago. Oil rigs fell by -8 (ht: -2, vt-dir: -6) and gas rigs were up by +11 (ht: +7, vt-dir: +4).


EIA NG STORAGE REPORT | September 29, 2011

+111 bcf

EIA reported a +111 bcf build for the week ended September 23, the highest weekly build since June 2009. This was well above consensus estimates (Bloomberg median +103 bcf, Bloomberg whisper +106 bcf), the prior 5-year average (+71 bcf) and the year-ago build (+73 bcf). But the drop to $3.68 immediately following the release has already recovered somewhat, suggesting that large builds have already been priced in. Even so, this build does make balances appear looser week on week (which often h.....


CFTC COT | September 23, 2011

Commitment of Traders Report - September 23, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 20. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Please note that today’s report does not include any data from Thursday, and therefore does not reflect the selloff. Non-commercial net length decreased in WTI and gasoline.....


NORTH AMERICAN RIG WATCH | September 23, 2011

Schlumberger (Smith) STATS

STATS shows 1,830 active rigs as of September 23, 2011, up +13 rigs from a week ago. Oil rigs were up by +3 (ht: -5, vt-dir: +8) and gas rigs were up by +10 (ht: +2, vt-dir: +8).