CFTC COT
| December 20, 2024
December 20, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 17. 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, Brent, heating oil and gasoil , but decreased in gasoline during the reference week. Non-commercials net length in natural gas grew by +12.9k to +76.6k in futures and increa.....
NORTH AMERICAN RIG WATCH
| December 20, 2024
December 20, 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 585 active rigs as of December 20, 2024, unchanged from the previous week. Oil rigs increased by +1 to 483 (ht: +3; vt-dir: -2), and gas-directed rigs decreased by -1 to 102 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (TX) and by +1 in Other areas not associated with a specific pla.....
EUROPEAN NG TRADE
| December 20, 2024
December 20, 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
| December 19, 2024
December 19, 2024
Dear , The EIA reported a withdrawal of -125 bcf for the week ending December 12, 2 bcf larger than our prediction of -123 bcf and 1 bcf less than Bloomberg’s median estimate of -126 bcf. Our models are currently showing storage activity of -97, -125, -82, -187, -189 and -190 bcf over the next six weeks for a total of -870 bcf, compared to -887 bcf for the same period last year and the five-year average of -808 bcf.
NGL MARKET RECAP
| December 18, 2024
December 18, 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
| December 17, 2024
December 17, 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 December 12, 2024: We anticipate a -123 bcf withdrawal for Thursday’s natural gas storage report. Regional breakdown for the reference week: E: -35; MW: -44, MTN: -8, PAC: -6; SC: -30 (S: -2, NS: -28). There are currently 2 analysts reporting on Bloomberg with an averag.....
CFTC COT
| December 13, 2024
December 13, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 10. 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 and gasoline , but decreased in WTI, Brent, heating oil and gasoil during the reference week. Non-commercials net length in natural gas increased by +16.2k to +63.7k in futures and.....
NORTH AMERICAN RIG WATCH
| December 13, 2024
December 13, 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 585 active rigs as of December 13, 2024, higher by +1 from the previous week. Oil rigs were unchanged at 482 (ht: -1; vt-dir: +1), and gas-directed rigs increased by +1 to 103 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Eagle Ford (TX), while declining by -3 in P.....
EUROPEAN NG TRADE
| December 13, 2024
December 13, 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
| December 13, 2024
December 12, 2024
Dear , The EIA reported a withdrawal of -190 bcf for the week ending December 5, 7 bcf larger than our prediction of -183 bcf and 18 bcf higher than Bloomberg’s median estimate of -172 bcf. Our models are currently showing storage activity of -121, -103, -174, -174, -186 and -189 bcf over the next six weeks for a total of -947 bcf, compared to -731 bcf for the same period last year and the five-year average of -711 bcf.