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.

11/19/08 DOE weekly change:
Crude: +1.599 MMbbls
Gasoline: +0.539 MMbbls
Distillates: -1.471 MMbbls
Refinery Runs: Up +0.3% to 84.9%

Crude was bearish relative to expectations of +0.800 MMbbls

Gasoline was neutral relative to expectations of +0.400 MMbbls

Heating Oil was bullish relative to expectations of +0.600 MMbbl 

NYMEX Spot Month Daily 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 72 months forward (Prompt 2008-2015). 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.

Download the full FASB133.pdf

Mark-to-Market (MTM) daily report gives a daily financial status of hedge positions. Mark-to-Market shows daily settlements for NYMEX crude (through 2012) 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.

Download the full Mark-to-Market.pdf