Hornsby Energy Trading

Baker Hughes: Weekly US Gas Rig Count Up 2 In Week To 600

cwhornsby — Fri, 18 May 2012 18:24:58 +0000

*EIA: US Total Working Gas In Storage +61 Bcf At 2667 Bcf

cwhornsby — Thu, 17 May 2012 14:40:35 +0000

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NOAA: Above Normal June-August Temperatures Seen For Southern Half Of US

cwhornsby — Thu, 17 May 2012 12:44:49 +0000

Weekly DOE Inventory Report – May 16th.

cwhornsby — Wed, 16 May 2012 14:32:12 +0000

US Crude Stocks- Up 2.128 MB (Cushing Stocks – Up 1.00 at 45.127 MB)

US Gasoline Stocks- Down 2.797 MB

US Distillate Stocks- Down 0.969 MB

Weekly API Report – May 15th.

cwhornsby — Wed, 16 May 2012 12:12:01 +0000

US Crude Stocks- Up 6.571 MB —- Cushing Stocks Up 2.799 MB at 46.938 MB

US Gasoline Stocks- Down 2.637 MB

US Distillate Stocks- Down 1.57 MB

Inventory Survey For Today’s API Report – May15th.

cwhornsby — Tue, 15 May 2012 12:44:37 +0000

The latest Platts survey is looking for a 1.5 million barrel build in crude oil stocks, a 500,000 barrel gain in gasoline inventoriesthe latest Platts survey is looking for a 1.5 million barrel build in crude oil stocks, a 500,000 barrel gain in gasoline inventories, and a 120,000 barrel rise in distillate supplies. Our customary cut at the data would suggest a somewhat smaller crude oil build than the consensus is looking for, assuming gross imports ease modestly from the prior week. Despite an assumed reversion in implied gasoline demand to our estimated mean, our numbers suggest a modest draw in gasoline supplies. Finally, likewise assuming a modest fallback in implied distillate demand, we estimate a stock build about in line with market expectations. , and a 120,000 barrel rise in distillate supplies. Our customary cut at the data would suggest a somewhat smaller crude oil build than the consensus is looking for, assuming gross imports ease modestly from the prior week. Despite an assumed reversion in implied gasoline demand to our estimated mean, our numbers suggest a modest draw in gasoline supplies. Finally, likewise assuming a modest fallback in implied distillate demand, we estimate a stock build about in line with market expectations.

Crude Extends Losses As Concerns Over Euro Zone Weigh – Dow Jones

cwhornsby — Mon, 14 May 2012 12:53:49 +0000

LONDON (Dow Jones)–Crude futures continued to fall Monday, with Nymex touching its lowest point this year as concerns over the state of the euro zone sparked a sell-off across markets.

The failure of the latest attempt to form a coalition government in Greece over the weekend increased nervousness about the future of the euro zone, even as the wider economic picture remained disappointing.

The failure of the latest attempt to form a coalition government in Greece over the weekend increased nervousness about the future of the euro zone, even as the wider economic picture remained disappointing.

“The broad economic data from various places like the U.S. and China has not been very positive and oil market fundamentals are also a bit softer,” said James Zhang, strategist at Standard Bank, though he added that the main driver was currently the uncertainty surrounding the euro zone.

“The broad economic data from various places like the U.S. and China has not been very positive and oil market fundamentals are also a bit softer,” said James Zhang, strategist at Standard Bank, though he added that the main driver was currently the uncertainty surrounding the euro zone.

At 0847 GMT, the front-month June Brent contract on London’s ICE futures exchange was $1.75, or 1.6%, lower at $110.51 a barrel.

At 0847 GMT, the front-month June Brent contract on London’s ICE futures exchange was $1.75, or 1.6%, lower at $110.51 a barrel.

The front-month June contract on the New York Mercantile Exchange was trading down $2.06, or 2.1%, at $94.07 per barrel, after falling to $93.82 a barrel earlier in the day, the lowest the contract has traded since December.

The front-month June contract on the New York Mercantile Exchange was trading down $2.06, or 2.1%, at $94.07 per barrel, after falling to $93.82 a barrel earlier in the day, the lowest the contract has traded since December.

Our Energy Equity Review Is Now Available For Subscribers – May 14th

cwhornsby — Mon, 14 May 2012 12:50:50 +0000

BHI Rig Count: U.S. + 9 at 1974, Canada – 11 at 120

cwhornsby — Fri, 11 May 2012 17:24:19 +0000

Rig Count Summary_051112

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Oil Slides As Market Loses Confidence In Demand-Dow Jones

cwhornsby — Fri, 11 May 2012 12:45:54 +0000

8:28 (Dow Jones) Oil down 92 cents at $96.16 in morning trading as the news cycle produces more bearish news from all different arenas. Continued political turmoil in the EU, increased oil production in the Middle East, and now a $2B loss at JPMorgan that has some traders worried about the state of banking sector have all added to the pressure. “You put it all together and you’re running out of reasons to be long on oil,” PFG Best analyst Phil Flynn says. “If things keep going the way they are, we’ll be testing $90 before we’ll be testing $100.”