NORTH AMERICAN RIG WATCH | November 14, 2025

November 14, 2025

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 542 active rigs as of November 14, 2025, unchanged from the previous week. Oil rigs increased by +3 to 417 (ht: +1; vt-dir: +2), and gas-directed rigs decreased by -3 to 125 (ht: -3; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (NM) and by +3 in Other areas not associated with a specific pla.....


NGL MARKET RECAP | November 14, 2025

November 13, 2025 [Include stats]

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 | November 11, 2025

November 11, 2025

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 November 6, 2025: We anticipate a +40 bcf injection for this Friday's natural gas storage report. Regional breakdown for the reference week: E: +7; MW: +10, MTN: +1, PAC: +3; SC: +19 (S: +9, NS: +10). There are currently 4 analysts reporting a median estimate of +34 bcf.....


TTF WEEKLY REVIEW | November 11, 2025

November 07, 2025

Dear , Our European Gas Market Weekly Watch report, along with our European natural gas trade and storage estimates (in units of MMcm/d or bcf/d), offers a summary of key developments in the European gas market. Please find this week’s reports at the links below: European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but exclude the island nations (Malta and Cyprus).


NORTH AMERICAN RIG WATCH | November 07, 2025

November 07, 2025

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 542 active rigs as of November 07, 2025, higher by +3 from the previous week. Oil rigs were unchanged at 414 (ht: -3; vt-dir: +3), and gas-directed rigs increased by +3 to 128 (ht: +3; vt-dir: unch). Horizontal oil rigs decreased by -1 in Anadarko (OK), by -1 in Eagle Ford (TX) and by -1 in Other areas not a.....


EIA NG STORAGE REPORT | November 06, 2025

November 06, 2025

Dear , The EIA reported a +33 bcf injection for the week ending October 30, 1 bcf higher than our estimate of +32 bcf and 2 bcf larger than Bloomberg’s median forecast of +31 bcf. Our models are currently showing storage activity of +40, -4, -24, -46, -77 and -103 bcf over the next six weeks for a total of -214 bcf, compared to -281 bcf for the same period last year and the five-year average of -205 bcf.


SPECTRUM | November 05, 2025

November 04, 2025

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 October 30, 2025: We anticipate a +32 bcf injection for Thursday's natural gas storage report. Regional breakdown for the reference week: E: 0; MW: +16, MTN: +1, PAC: +1; SC: +14 (S: +7, NS: +7). There are currently 5 analysts reporting a median estimate of +33 bcf on B.....


TTF WEEKLY REVIEW | November 03, 2025

October 31, 2025

Dear , Our European Gas Market Weekly Watch report, along with our European natural gas trade and storage estimates (in units of MMcm/d or bcf/d), offers a summary of key developments in the European gas market. Please find this week’s reports at the links below: European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but exclude the island nations (Malta and Cyprus).


NORTH AMERICAN RIG WATCH | October 31, 2025

October 31, 2025

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 539 active rigs as of October 31, 2025, lower by -2 from the previous week. Oil rigs decreased by -6 to 414 (ht: -8; vt-dir: +2), and gas-directed rigs increased by +4 to 125 (ht: +1; vt-dir: +3). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Bakken (ND), while declining by -5 in Permian .....


EIA NG STORAGE REPORT | October 30, 2025

October 30, 2025

Dear , The EIA reported a +74 bcf injection for the week ending October 23, 1 bcf smaller than our estimate of +75 bcf and in line with Bloomberg’s median forecast of +74 bcf. Our models are currently showing storage activity of +35, +34, +24, -15, -43 and -66 bcf over the next six weeks for a total of -31 bcf, compared to -78 bcf for the same period last year and the five-year average of -67 bcf.