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Weekly Industry Overview  (PDF Version)

For the week ending January 4, 2008

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

 

Canadian Natural Gas

Canadian Crude Oil

CGPR Monthly Index Dec07 ($/GJ)

6.1341

 

 

Spot Gas for Jan08 ($/GJ) (2008-01-04)
Change from last week ($/GJ)

6.55
0.63

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

623
98.99

Winter (Feb08-Mar08) ($/GJ)
Change from last week ($/GJ)

6.66
0.41

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

625
99.31

One-Year (Feb08-Oct08) ($/GJ)
Change from last week ($/GJ)

6.70
0.37

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

468
74.37

Summer (Apr08-Oct08) ($/GJ)
Change from last week ($/GJ)

6.71
0.36

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

475
75.48

NGTL Storage Withdrawal Dec07 MTD (Bcf)

55

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

319
59
-98

 

 

Alberta Electricity

WECC – NWPP Electricity

System Marginal Price (1200) ($/MWh)

75.11

Mid C Jan08 (US$/MWh)

62.75

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 Jan08 Settlement (US$/MMBtu)

7.081

Calendar Average Dec07 (US$/bbl)

91.743

Exchange Rate for Dec07 ($Can/$U.S.)

1.0031

OPEC Price Basket (US$/bbl)

93.94

NYMEX Feb08 (US$/MMBtu)
Change from last week (US$/MMBtu)

7.841
0.455

NYMEX Feb08 (US$/bbl)
Change from last week (US$/bbl)

97.91
1.91

Winter (Feb08-Mar08) (US$/MMBtu)
Change from last week (US$/MMBtu)

7.83
0.43

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

95.30
2.27

One-Year (Feb08-Oct08) (US$/MMBtu)
Change from last week (US$/MMBtu)

7.93
0.32

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

91.29
3.28

EIA Storage Injection (2007-12-28)(Bcf)
EIA Total Storage (Bcf)
Change from last year (Bcf)

-87
2921
-160

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

-4.1
0.6
2.0

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

1450
-2
39

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

316
-9
37

Prices were up this week with the colder weather. Forecasters are calling for mild weather for most of the country.

Prices were up this week due to the violence in Nigeria and oil briefly hit a $100 per barrel.

 

 

Canadian NGLs

U.S. Propane

Propane @Edmonton ($/m3)

400.00

NYMEX Feb08 ($/USGal)

1.5325

Butane @Edmonton ($/m3)

515.00

Propane @ Mt. Belvieu ($/USGal)

1.6904

Phoenix Courses:

Phoenix's next session of "Introduction to Canadian Crude Oil Marketing" is scheduled for April 22 & 23, 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 February 12-14, 2008. Retainer Clients enjoy a 20% discount on the registration fee!

For more information, contact Dave W. Maffitt (403) 262-8065 ext. 24, 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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