CFTC COT
| July 26, 2024
July 26, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 23. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials decreased net length in natural gas, WTI, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas declined by -6.6k to +3.4k in futures and decreased by -15.2k to +1.....
EUROPEAN NG TRADE
| July 26, 2024
July 26, 2024
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.
NORTH AMERICAN RIG WATCH
| July 26, 2024
July 26, 2024
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 583 active rigs as of July 26, 2024, higher by +3 from the previous week. Oil rigs increased by +5 to 482 (ht: +5; vt-dir: unch), and gas-directed rigs decreased by -2 to 101 (ht: -2; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Bakken (ND), by +1 in Eagle Ford (TX), by +1 in.....
EIA NG STORAGE REPORT
| July 25, 2024
July 25, 2024
Dear , The EIA reported a +22 bcf injection for the week ending July 18, 7 bcf more than our prediction of +15 bcf and 11 bcf higher than Bloomberg’s median estimate of +11 bcf. Our models are currently showing storage activity of +38, +25, +8, +20, +36 and +45 bcf over the next six weeks for a total of +172 bcf, compared to +156 bcf for the same period last year and the five-year average of +248 bcf.
NGL MARKET RECAP
| July 24, 2024
July 24, 2024
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.
SPECTRUM
| July 24, 2024
July 23, 2024
Dear , Please find below the link to this week's detailed inventory forecast, our 6-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending July 18, 2024: LCMC 6-wk NG storage estimate: +15, +59, +29, +4, +36, and +40 bcf. Total +183 bcf vs +147 bcf LY and +230 bcf 5-yr avg. This week by region: E: +7; MW: +11, MTN: +2, PAC: unch; SC: -5 (S: -5, NS: unch). There are currently 4 analysts reporting on Bloombe.....
CFTC COT
| July 19, 2024
July 19, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 16. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas, WTI and heating oil , but decreased in Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas declined by -3.5k to +10.0k in futures and incr.....
NORTH AMERICAN RIG WATCH
| July 19, 2024
July 19, 2024
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 580 active rigs as of July 19, 2024, higher by +2 from the previous week. Oil rigs decreased by -1 to 477 (ht: -1; vt-dir: unch), and gas-directed rigs increased by +3 to 103 (ht: +4; vt-dir: -1). Horizontal oil rigs decreased by -1 in Permian (TX). Horizontal gas rigs increased by +5 in Other areas not asso.....
EUROPEAN NG TRADE
| July 19, 2024
July 19, 2024
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.
EIA NG STORAGE REPORT
| July 19, 2024
July 18, 2024 [Correction]
Dear , Correction: included tables and charts of US and Canadian gas storage data in the pdf file. The EIA reported a +10 bcf injection for the week ending July 11, 20 bcf less than our prediction of +30 bcf and 16 bcf smaller than Bloomberg’s median estimate of +26 bcf. Our models are currently showing storage activity of +15, +55, +24, +19, +29 and +35 bcf over the next six weeks for a total of +177 bcf, compared to +147 bcf for the same period last year and the five-year average of +230 bcf.