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Weekly Industry Overview  (PDF Version)

For the week ending May 9, 2008

Editor: Trina R. MacPhee, Marketing Analyst, Advisory Services

 

Canadian Natural Gas

Canadian Crude Oil

CGPR Monthly Index Apr08 ($/GJ)

8.9224

 

 

Spot Gas for May08 ($/GJ) (2008-05-09)
Change from last week ($/GJ)

9.90
0.73

Light Sweet Crude @Edmonton ($/m3)
Light Sweet Crude @Edmonton ($/bbl)

799
126.96

Summer (Jun08-Oct08) ($/GJ)
Change from last week ($/GJ)

9.98
0.52

Condensate @Edmonton ($/m3)
Condensate @Edmonton ($/bbl)

807
128.23

One-Year (Nov08-Oct09) ($/GJ)
Change from last week ($/GJ)

9.66
0.51

LLB @Hardisty ($/m3)
LLB @Hardisty ($/bbl)

653
103.76

Winter (Nov08-Mar09) ($/GJ)
Change from last week ($/GJ)

10.66
0.52

Bow @Hardisty ($/m3)
Bow @Hardisty ($/bbl)

660
104.87

NGTL Storage Withdrawal May08 MTD (Bcf)

-15

Canadian Rotary Rig Count
Change from last week
Change from last year

122
27
19

 

 

Alberta Electricity

WECC – NWPP Electricity

System Marginal Price (1200) ($/MWh)

459.08

Mid C May08 (US$/MWh)

61.00

Forecast Day Ahead Price (1800) ($/MWh)

N/A

Mid C Wtd. Ave. Index (US$/MWh)

N/A

 

 

U.S. Natural Gas

U.S. Crude Oil

NYMEX May08 Settlement (US$/MMBtu)

11.011

Calendar Average Apr08 (US$/bbl)

112.460

Exchange Rate for Apr08 ($Can/$U.S.)

1.0140

OPEC Price Basket (US$/bbl)

116.93

NYMEX Jun08 (US$/MMBtu)
Change from last week (US$/MMBtu)

11.537
0.76

NYMEX Jun08 (US$/bbl)
Change from last week (US$/bbl)

125.96
9.64

Summer (Jun08-Oct08) (US$/MMBtu)
Change from last week (US$/MMBtu)

11.69
0.73

2008 (US$/bbl)
Change from last week (US$/bbl)

125.02
11.04

One-Year (Nov08-Oct09) (US$/MMBtu)
Change from last week (US$/MMBtu)

11.24
0.66

2009 (US$/bbl)
Change from last week (US$/bbl)

122.15
11.91

EIA Storage Injection (2008-05-02)(Bcf)
EIA Total Storage (Bcf)
Change from last year (Bcf)

65
1436
-284

EIA Crude Stock Change (million bbl)
EIA Distillate Stock Change (million bbl)
EIA Gasoline Stock Change (million bbl)

5.7
-0.1
0.8

Gas-Directed Rotary Rig Count
Change from last week
Change from last year

1475
2
19

Oil-Directed Rotary Rig Count
Change from last week
Change from last year

361
4
79

Prices were up this week with the rise in crude prices and concerns about storage next winter. Forecasters are calling for warmer temps in the Southwest and West coast and below normal temps for the rest of the country.

Prices were up this week setting a new all time high with the weakening dollar, record high gasoline futures, record distillate price levels and fund buying.

 

 

Canadian NGLs

U.S. Propane

Propane @Edmonton ($/m3)

420.00

NYMEX Jun08 ($/USGal)

1.7250

Butane @Edmonton ($/m3)

545.00

Propane @ Mt. Belvieu ($/USGal)

1.7258

Phoenix Courses:

Phoenix's next session of "Introduction to Canadian Crude Oil Marketing" is scheduled for October 7 & 8, 2008. Retainer Clients enjoy a 20% discount on the registration fee!

Phoenix’s next session of "Introduction to Canadian Natural Gas Marketing" is scheduled for June 10-12, 2008. Retainer Clients enjoy a 20% discount on the registration fee!

For more information, contact Dave W. Maffitt (403) 262-8065 ext. 224, info@phoenixenergymarketing.com

Sources: Morgan Stanley Dean Witter, Bank of Canada, Shell Canada, Flint Hills Resources Ltd., Canadian Enerdata, NYMEX, NGX, Baker Hughes, CIBC, Power Pool of Alberta and TransCanada Alberta System. Where appropriate, Phoenix has obtained permission to reproduce information here. Copyright remains with the original publisher.

©2002 Phoenix Energy Marketing Consultants Inc., All rights reserved

 

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