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Weekly Industry Overview  (PDF Version)

For the week ending April 25, 2008

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

 

Canadian Natural Gas

Canadian Crude Oil

CGPR Monthly Index Mar08 ($/GJ)

8.1794

 

 

Spot Gas for Apr08 ($/GJ) (2008-04-25)
Change from last week ($/GJ)

9.68
0.45

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

776
123.31

Summer (May08-Oct08) ($/GJ)
Change from last week ($/GJ)

9.69
0.38

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

762
121.08

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

9.40
0.39

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

654
103.92

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

10.45
0.45

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

660
104.87

NGTL Storage Withdrawal Apr08 MTD (Bcf)

-9

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

88
-8
7

 

 

Alberta Electricity

WECC – NWPP Electricity

System Marginal Price (1200) ($/MWh)

289.95

Mid C Apr08 (US$/MWh)

88.00

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 Apr08 Settlement (US$/MMBtu)

9.523

Calendar Average Mar08 (US$/bbl)

105.420

Exchange Rate for Mar08 ($Can/$U.S.)

1.0020

OPEC Price Basket (US$/bbl)

110.63

NYMEX May08 (US$/MMBtu)
Change from last week (US$/MMBtu)

10.963
0.376

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

118.52
1.83

Summer (May08-Oct08) (US$/MMBtu)
Change from last week (US$/MMBtu)

11.22
0.41

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

115.50
1.87

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

10.81
0.34

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

110.63
1.61

EIA Storage Injection (2008-04-18)(Bcf)
EIA Total Storage (Bcf)
Change from last year (Bcf)

24
1285
-274

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

2.4
-1.4
-3.2

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

1473
12
13

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

360
5
77

Prices were up this week with the rise in crude prices. Forecasters are calling for above normal temps along the East and West coast and normal temps for the rest of the country.

Prices were up this week with supply disruptions in Nigeria and the United Kingdom and information that a ship hired by the U.S. military fired warning shots at approaching boats in the Gulf.

 

 

Canadian NGLs

U.S. Propane

Propane @Edmonton ($/m3)

412.00

NYMEX May08 ($/USGal)

1.6350

Butane @Edmonton ($/m3)

545.00

Propane @ Mt. Belvieu ($/USGal)

1.6781

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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