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Weekly Industry Overview  (PDF Version)

For the week ending January 25, 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 ($/GJ) (2008-01-25)
Change from last week ($/GJ)

6.90
-0.30

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

580
92.16

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

6.97
-0.09

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

588
93.43

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

7.40
-0.10

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

409
64.99

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

7.75
-0.14

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

419
66.58

NGTL Storage Withdrawal Jan08 MTD (Bcf)

42

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

582
22
-82

 

 

Alberta Electricity

WECC – NWPP Electricity

System Marginal Price (1200) ($/MWh)

252.55

Mid C Jan08 (US$/MWh)

83.25

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)

83.84

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

7.983
-0.01

NYMEX Mar08 (US$/bbl)
Change from last week (US$/bbl)

90.71
0.14

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

8.12
0.03

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

89.36
1.17

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

8.46
0.05

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

87.13
1.49

EIA Storage Injection (2008-01-18)(Bcf)
EIA Total Storage (Bcf)
Change from last year (Bcf)

-155
2536
-247

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

2.3
-1.3
5.1

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

1422
21
-18

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

318
-5
63

Prices were down this week due to the colder weather and a boost to the U.S. economy. Forecasters are calling for above normal temps but stormy weather east of the Rockies.

Prices were down this week following the U.S. government announcement of a plan to stimulate the economy.

 

 

Canadian NGLs

U.S. Propane

Propane @Edmonton ($/m3)

366.00

NYMEX Feb08 ($/USGal)

1.4900

Butane @Edmonton ($/m3)

520.00

Propane @ Mt. Belvieu ($/USGal)

1.4989

Phoenix Courses:

Phoenix's next session of "Introduction to Canadian Crude Oil Marketing" is scheduled for April 21 & 22, 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 Ma