Kodiak Fuels - Price Risk Consultants

Weekly Energy Market Update details current energy market events impacting the direction of crude and refined products. Weekly DOE inventories are posted as well as market details on crude, gasoline and heating oil before and after the release of this data. Hedging recommendations and relevant crude, propane, gasoline, heating oil, crack spreads and commodity relationship charts are included.

DOE Weekly Report May 16, 2012 at 9:30 CST:

Crude (excluding SPR):  Up:   (+2.128) MMbbls

  (SPR inventory: 696MM bbls)

Distillate: Down:   (-0.969) MMbbls

Gasoline: Down:   (-2.797) MMbbls

Jet Fuel: Down:   (-0.956) MMbbls

Residual Fuel Oil: Up:   (+0.288) MMbbls

Refinery Runs: 88.3%  Up  (+1.9%)

Crude was bearish/neutral relative to expectations of Up:   (+1.700) MMbbls

Distillate was bullish relative to expectations of Up:   (+0.600) MMbbls

Gasoline was bullish relative to expectations of Down:   (-0.500) MMbbls

NYMEX Spot Month Daily WTI Crude Oil:

ICE Spot Month Daily Brent Crude Oil:

 Spot, 6 month, 12 month Month Daily Brent vs WTI Crude Oil:

FASB 133 report details the monthly market prices for NYMEX crude and heating oil as well as US Gulf Coast jet fuel and Los Angeles jet fuel for 36 months forward (Prompt 2011-2014). FASB 133 extends values into cents per gallon and dollars per barrel for correlation computations. FASB 133 requires commodity relationship correlations to determine the effectiveness of hedges and can be designed specific to our client’s needs in product, style and tenor.

Mark-to-Market (MTM) daily report gives a daily financial status of hedge positions. Mark-to-Market shows daily settlements for NYMEX crude (through 2018) and heating oil as well as formulizing the “Calendar Values” of both commodities due to the different settlement dates. MTM details current hedge targets and marks swaps, collars, caps, puts, crack spreads required by diversified and creative hedging programs.