La Croix Energy Capital | Petroleum Derivative Trading

“Think like a fundamentalist; trade like a chartist.”
Dennis Gartman. Rule #8 - Gartman’s Simple Rules of Trading

Friday, June 25, 2010

Market Review

Energy Summary

CFTC Commitment of Traders

Source: U.S. Commodity Futures Trading Commission

Baker Hughes N.A. Rotary Rig Count

Baker Hughes, Inc.

Thursday, June 24, 2010

NOAA Tropical Weather Outlook

FOR THE NORTH ATLANTIC...CARIBBEAN SEA AND THE GULF OF MEXICO...
1. A TROPICAL WAVE OVER THE WESTERN CARIBBEAN SEA CONTINUES TO PRODUCE SHOWERS AND A FEW THUNDERSTORMS ACROSS PORTIONS OF HISPANIOLA...JAMAICA...CUBA...THE CAYMAN ISLANDS...AND THE ADJACENT WATERS OF THE NORTHERN CARIBBEAN SEA. THIS SYSTEM HAS CHANGED LITTLE IN ORGANIZATION OVER THE PAST SEVERAL HOURS...WITH MOST OF THE SHOWER AND THUNDERSTORM ACTIVITY OCCURRING TO THE EAST OF THE WAVE AXIS...AND THE AIR FORCE RESERVE UNIT RECONNAISSANCE AIRCRAFT MISSION TO INVESTIGATE THE AREA TODAY HAS BEEN CANCELED. UPPER-LEVEL WINDS ARE EXPECTED TO BECOME MORE CONDUCIVE FOR DEVELOPMENT OF THIS SYSTEM AS IT MOVES WESTWARD OR WEST-NORTHWESTWARD AROUND 10 MPH OVER THE NEXT COUPLE OF DAYS. THERE IS A MEDIUM CHANCE...40 PERCENT...OF THIS SYSTEM BECOMING A TROPICAL CYCLONE DURING THE NEXT 48 HOURS.

ELSEWHERE...TROPICAL CYCLONE FORMATION IS NOT EXPECTED DURING THE NEXT 48 HOURS.
Source: NOAA

EIA Weekly NatGas Storage Report 18-Jun-10

EIA Summary
Working gas in storage was 2,624 Bcf as of Friday, June 18, 2010, according to EIA estimates. This represents a net increase of 81 Bcf from the previous week. Stocks were 14 Bcf less than last year at this time and 309 Bcf above the 5-year average of 2,315 Bcf. In the East Region, stocks were 87 Bcf above the 5-year average following net injections of 51 Bcf. Stocks in the Producing Region were 130 Bcf above the 5-year average of 805 Bcf after a net injection of 16 Bcf. Stocks in the West Region were 92 Bcf above the 5-year average after a net addition of 14 Bcf. At 2,624 Bcf, total working gas is within the 5-year historical range.

Source: U.S. Energy Information administration; NOAA

Wednesday, June 23, 2010

EIA Weekly Petroleum Status Report 18-Jun-10

Source: U.S. Energy Information Administration

Tuesday, June 22, 2010

API Stocks 18-Jun-10

Change mmbbls
Crude: +3.7 (vs. -0.8 fcst)
Gasoline: +0.8 (vs. -0.1 fcst)
Distillates: +1.1 (vs. +1.3 fcst)

Friday, June 18, 2010

Market Review Week Ending 18-Jun-10

S&P 500
CBOE VIX
USDX
EURO
COMEX Gold
COMEX Copper
CBOE Crude Oil Volatilty Index

Energy Summary Week Ending 18-Jun-10

NYMEX Crude Oil 10-day Candlesticks
NYMEX Crude Oil 1-year Continuation
NYMEX Crude Oil Forward Curve
NYMEX Product Cracks
ICE Brent Crude Oil 10-day Candlesticks
ICE Brent crude Oil 1-year Continuation
NYMEX Gasoline 10-day Candlesticks
NYMEX Gasoline 1-year Continuation
NYMEX Gasoline Forward Curve
NYMEX Heating Oil 10-day Candlesticks
NYMEX Heating Oil 1-year Continuation
NYMEX Heating Oil Forward Curve
NYMEX Natural Gas 10-day Candlesticks
NYMEX Natural Gas 1-year Continuation
NYMEX Natural Gas Forward Curve

CFTC Commitment of Traders 15-Jun-10

Source: U.S. Commodity Futures Trading Commission

Baker Hughes N.A. Rotary Rig Count 18-Jun-10

Source: Baker Hughes, Inc