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22 Pages

Contango Part II - Contagion


Contango Part II - Contagion

Report summary

2014 has been officially designated as the warmest year on record and December 2014 was the warmest December on record as well. Increasing energy supplies have been offset by slower demand growth and weak winter demand for heating fuels. Inventories are building for many products and the cost of storage is increasing. Providing temporary relief to one product's storage problem has only resulted in the contango virus being spread to other commodities.

What's included?

This report includes 1 file(s)

  • Contango Part II - Contagion PDF - 752.23 KB 22 Pages, 0 Tables, 39 Figures

Description

This NGL Insight report highlights a key issue surrounding this topic, and discusses the implications for those involved.

For market participants, suppliers, and advisors who need to look at current industry trends, risks and issues around this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie provides detailed commercial and strategic insight into the North American NGL markets. Our data-rich analysis is driven from our integrated energy and petrochemicals research, which gives you a regional and national perspective on ethane, propane, butanes and pentanes.

From gas processing to exports, we help you to understand the future direction of the NGL markets and make key decisions.

  • Henry Hub Natural Gas Futures Curve Shape Histogram - Near a 2 Year Low at $(0.57)/mmbtu Contango
  • M2-M14 Henry Hub Natural Gas Futures Curve Shape – 2014 Trend
  • M2-M14 Henry Hub Natural Gas Futures Curve Shape – Recent Contango Trend
  • Ethane Futures Curve Shape Histogram - at a Slight Contango of $(0.01)/gal
  • M2-M14 USGC Ethane Futures Curve Shape – 2014 Trend
  • M2-M14 USGC Ethane Futures Curve Shape – Recent Trend
  • RBOB Futures Curve Shape Histogram – Approaching a Long-Term Low at $(0.15)/gal Contango
  • M2-M14 RBOB Futures Curve Shape – 2014 Trend
  • M2-M14 RBOB Futures Curve Shape – Very Strong Recent Contango Trend
  • US Heating Oil Futures Curve Shape Histogram Heating Oil futures in Contango in the Middle of winter is Very Bearish
  • M2-M6 Heating Oil Futures Curve Shape – 2014 Trend
  • M2-M6 Heating Oil Futures Curve Shape – Very Strong Recent Contango Trend
  • USGC Propane Futures Curve Shape Histogram - Near a 2 Year Low at $(0.06)/gal Contango
  • M2-M14 USGC Propane Futures Curve Shape – 2014 Trend
  • M2-M14 USGC Propane Futures Curve Shape – Very Strong Recent Contango Trend
  • Conway Propane Futures Curve Shape Histogram A 2 Year Low at $(0.10)/gal Contango in the Middle of winter!
  • M2-M14 Conway Propane Futures Curve Shape – 2014 Trend
  • M2-M14 Conway Propane Futures Curve Shape – Strong Recent Contango Trend
  • NWE Propane Futures Curve Shape Histogram A 2 Year Low at $(52)/MT Contango in the Middle of winter is Very Bearish
  • M2-M12 NWE Propane Futures Curve Shape – 2014 Trend
  • M2-M12 NWE Propane Futures Curve Shape – Strong Recent Contango Trend
  • FEI Propane Futures Curve Shape Histogram Just Barely Backward but Tending toward Contango in the Middle of winter
  • M2-M6 FEI Propane Futures Curve Shape – Recent Trend Toward Contango
  • USGC Butane Futures Curve Shape Histogram Near a Two Year Low at $(0.05)/gal Contango During Winter RVP Blending Season
  • M2-M14 USGC Butane Futures Curve Shape – 2014 trend
  • M2-M14 USGC Butane Futures Curve Shape – Strong Recent Contango Trend
  • USGC Natural Gasoline Futures Curve Shape Histogram Near a 2 Year Low of $(0.10)/gal Contango
  • M2-M14 USGC Natural Gasoline Futures Curve Shape – 2014 trend
  • M2-M14 USGC Natural Gasoline Futures Curve Shape – Very Strong Contango Recent Trend
  • NWE Naphtha Futures Curve Shape Histogram Near a 2 Year Low of $(26)/MT Contango
  • M2-M6 NWE Naphtha Futures Curve Shape – 2014 Trend
  • M2-M6 NWE Naphtha Futures Curve Shape – Recent Contango Trend
  • MOPJ Naphtha Futures Curve Shape HistogramNear a 2 Year Low of $(21)/MT Contango
  • M2-M6 MOPJ Naphtha Futures Curve Shape 2014 Trend
  • M2-M6 MOPJ Naphtha Futures Curve Shape – Very Strong Recent Contango Trend
  • Ethylene Futures Curve Shape Histogram - at $0.007/lbs Backward
  • M2-M6 Ethylene Futures Curve Shape - 2014 trend and flirting with contango
  • M2-M4 PGP Futures Curve Shape – Recent Trend Towards Contango

In this report there are 39 tables or charts, including:

  • Henry Hub Natural Gas Futures Curve Shape Histogram - Near a 2 Year Low at $(0.57)/mmbtu Contango
    • Contango Part II - Contagion: Image 2
  • M2-M14 Henry Hub Natural Gas Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 3
  • M2-M14 Henry Hub Natural Gas Futures Curve Shape – Recent Contango Trend
    • Contango Part II - Contagion: Image 4
  • Ethane Futures Curve Shape Histogram - at a Slight Contango of $(0.01)/gal
    • Contango Part II - Contagion: Image 5
  • M2-M14 USGC Ethane Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 6
  • M2-M14 USGC Ethane Futures Curve Shape – Recent Trend
    • Contango Part II - Contagion: Image 7
  • RBOB Futures Curve Shape Histogram – Approaching a Long-Term Low at $(0.15)/gal Contango
    • Contango Part II - Contagion: Image 8
  • M2-M14 RBOB Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 9
  • M2-M14 RBOB Futures Curve Shape – Very Strong Recent Contango Trend
    • Contango Part II - Contagion: Image 10
  • US Heating Oil Futures Curve Shape Histogram Heating Oil futures in Contango in the Middle of winter is Very Bearish
    • Contango Part II - Contagion: Image 11
  • M2-M6 Heating Oil Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 12
  • M2-M6 Heating Oil Futures Curve Shape – Very Strong Recent Contango Trend
    • Contango Part II - Contagion: Image 13
  • USGC Propane Futures Curve Shape Histogram - Near a 2 Year Low at $(0.06)/gal Contango
    • Contango Part II - Contagion: Image 14
  • M2-M14 USGC Propane Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 15
  • M2-M14 USGC Propane Futures Curve Shape – Very Strong Recent Contango Trend
    • Contango Part II - Contagion: Image 16
  • Conway Propane Futures Curve Shape Histogram A 2 Year Low at $(0.10)/gal Contango in the Middle of winter!
    • Contango Part II - Contagion: Image 17
  • M2-M14 Conway Propane Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 18
  • M2-M14 Conway Propane Futures Curve Shape – Strong Recent Contango Trend
    • Contango Part II - Contagion: Image 19
  • NWE Propane Futures Curve Shape Histogram A 2 Year Low at $(52)/MT Contango in the Middle of winter is Very Bearish
    • Contango Part II - Contagion: Image 20
  • M2-M12 NWE Propane Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 21
  • M2-M12 NWE Propane Futures Curve Shape – Strong Recent Contango Trend
    • Contango Part II - Contagion: Image 22
  • FEI Propane Futures Curve Shape Histogram Just Barely Backward but Tending toward Contango in the Middle of winter
    • Contango Part II - Contagion: Image 23
  • M2-M6 FEI Propane Futures Curve Shape – Recent Trend Toward Contango
    • Contango Part II - Contagion: Image 24
  • USGC Butane Futures Curve Shape Histogram Near a Two Year Low at $(0.05)/gal Contango During Winter RVP Blending Season
    • Contango Part II - Contagion: Image 25
  • M2-M14 USGC Butane Futures Curve Shape – 2014 trend
    • Contango Part II - Contagion: Image 26
  • M2-M14 USGC Butane Futures Curve Shape – Strong Recent Contango Trend
    • Contango Part II - Contagion: Image 27
  • USGC Natural Gasoline Futures Curve Shape Histogram Near a 2 Year Low of $(0.10)/gal Contango
    • Contango Part II - Contagion: Image 28
  • M2-M14 USGC Natural Gasoline Futures Curve Shape – 2014 trend
    • Contango Part II - Contagion: Image 29
  • M2-M14 USGC Natural Gasoline Futures Curve Shape – Very Strong Contango Recent Trend
    • Contango Part II - Contagion: Image 30
  • NWE Naphtha Futures Curve Shape Histogram Near a 2 Year Low of $(26)/MT Contango
    • Contango Part II - Contagion: Image 31
  • M2-M6 NWE Naphtha Futures Curve Shape – 2014 Trend
    • Contango Part II - Contagion: Image 32
  • M2-M6 NWE Naphtha Futures Curve Shape – Recent Contango Trend
    • Contango Part II - Contagion: Image 33
  • MOPJ Naphtha Futures Curve Shape HistogramNear a 2 Year Low of $(21)/MT Contango
    • Contango Part II - Contagion: Image 34
  • M2-M6 MOPJ Naphtha Futures Curve Shape 2014 Trend
    • Contango Part II - Contagion: Image 35
  • M2-M6 MOPJ Naphtha Futures Curve Shape – Very Strong Recent Contango Trend
    • Contango Part II - Contagion: Image 36
  • Ethylene Futures Curve Shape Histogram - at $0.007/lbs Backward
    • Contango Part II - Contagion: Image 37
  • M2-M6 Ethylene Futures Curve Shape - 2014 trend and flirting with contango
    • Contango Part II - Contagion: Image 38
  • M2-M4 PGP Futures Curve Shape – Recent Trend Towards Contango
    • Contango Part II - Contagion: Image 39
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