NGL MARKET RECAP | February 23, 2023

February 23, 2023

Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage, Butane Arbitrage and Mont Belvieu LST NGL Frac Spreads are not available today, due to an issue with our data provider.


DOE CRUDE STATS | February 23, 2023

February 23, 2023

Good morning, Please find below a recap of the DOE’s weekly crude stats and a link to our detailed tables. U.S. crude oil inventories rose by +7647k bbl in the week ended February 17, while Cushing stocks grew by +700k bbl. Distillate inventories increased by +2698k bbl and gasoline inventories fell by -1856k bbl. Major data points: Crude oil inventories: Rose by +7.65m bbl (vs. the API estimate of +9.90m bbl). Stocks in Cushing grew by +0.7m bbl (vs. the API estimate of +0.48m bbl) and now sta.....


NORTH AMERICAN RIG WATCH | February 17, 2023

February 17, 2023

Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 758 active rigs as of February 17, 2023, lower by -1 from the previous week. Oil rigs decreased by -2 to 607 (ht: -1; vt-dir: -1), and gas-directed rigs increased by +1 to 151 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Permian (TX) and by +1 in Other areas not asso.....


NGL MARKET RECAP | February 15, 2023

February 15, 2023

Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage, Butane Arbitrage and Mont Belvieu LST NGL Frac Spreads are not available today, due to an issue with our data provider.


DOE CRUDE STATS | February 15, 2023

February 15, 2023

Good morning, Please find below a recap of the DOE’s weekly crude stats and a link to our detailed tables. U.S. crude oil inventories grew by +16283k bbl in the week ended February 10, while Cushing stocks increased by +659k bbl. Distillate inventories declined by -1285k bbl and gasoline inventories increased by +2316k bbl. Major data points: Crude oil inventories: Grew by +16.28m bbl (vs. the API estimate of +10.51m bbl). Stocks in Cushing increased by +0.66m bbl (vs. the API estimate of +1.95.....


NORTH AMERICAN RIG WATCH | February 10, 2023

February 10, 2023

Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 759 active rigs as of February 10, 2023, higher by +2 from the previous week. Oil rigs increased by +10 to 609 (ht: +7; vt-dir: +3), and gas-directed rigs decreased by -8 to 150 (ht: -7; vt-dir: -1). Horizontal oil rigs increased by +11 in Permian (NM), by +2 in Anadarko (OK) and by +1 in Bakken (ND), while .....


DOE CRUDE STATS | February 08, 2023

February 08, 2023

Good morning, Please find below a recap of the DOE’s weekly crude stats and a link to our detailed tables. U.S. crude oil inventories grew by +2423k bbl in the week ended February 03, while Cushing stocks increased by +1043k bbl. Distillate inventories rose by +2932k bbl and gasoline inventories grew by +5008k bbl. Major data points: Crude oil inventories: Increased by +2.42m bbl (vs. the API estimate of -2.18m bbl). Stocks in Cushing rose by +1.04m bbl (vs. the API estimate of +0.18m bbl) and .....


NGL MARKET RECAP | February 08, 2023

February 08, 2023

Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage, Butane Arbitrage and Mont Belvieu LST NGL Frac Spreads are not available today, due to an issue with our data provider.


NORTH AMERICAN RIG WATCH | February 03, 2023

February 03, 2023

Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 757 active rigs as of February 03, 2023, lower by -12 from the previous week. Oil rigs decreased by -10 to 599 (ht: -4; vt-dir: -6), and gas-directed rigs decreased by -2 to 158 (ht: -1; vt-dir: -1). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Monterey (CA), while declining by -2 in Per.....


NGL MARKET RECAP | February 01, 2023

February 01, 2023

Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage, Butane Arbitrage and Mont Belvieu LST NGL Frac Spreads are not available today, due to an issue with our data provider.