NORTH AMERICAN RIG WATCH | October 10, 2025

October 10, 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 538 active rigs as of October 10, 2025, lower by -2 from the previous week. Oil rigs decreased by -4 to 418 (ht: -1; vt-dir: -3), and gas-directed rigs increased by +2 to 120 (ht: +3; vt-dir: -1). Horizontal oil rigs increased by +8 in Permian (NM), while declining by -8 in Permian (TX) and by -1 in Anadarko.....


EIA NG STORAGE REPORT | October 09, 2025

October 09, 2025

Dear , The EIA reported a +80 bcf injection for the week ending October 2, 4 bcf higher than our estimate of +76 bcf and 2 bcf larger with Bloomberg’s median forecast of +78 bcf. Our models are currently showing storage activity of +82, +75, +74, +52, +29 and +10 bcf over the next six weeks for a total of +322 bcf, compared to +352 bcf for the same period last year and the five-year average of +317 bcf.


NGL MARKET RECAP | October 08, 2025

October 08, 2025

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 | October 07, 2025

October 07, 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 2, 2025: We anticipate a +76 bcf injection for Thursday's natural gas storage report. Regional breakdown for the reference week: E: +25; MW: +31, MTN: +5, PAC: +4; SC: +11 (S: unch, NS: +11). There are currently 3 analysts reporting a median estimate of +77 bcf .....


NORTH AMERICAN RIG WATCH | October 03, 2025

October 03, 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 540 active rigs as of October 03, 2025, lower by -1 from the previous week. Oil rigs decreased by -2 to 422 (ht: -1; vt-dir: -1), and gas-directed rigs increased by +1 to 118 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), while declining by -1 in Eagle Ford (TX) and by -1 in Pe.....


EIA NG STORAGE REPORT | October 03, 2025

October 03, 2025

Dear , The EIA reported a +53 bcf injection for the week ending September 25, 7 bcf lower than our estimate of +60 bcf and 11 bcf smaller with Bloomberg’s median forecast of +64 bcf. Our models are currently showing storage activity of +77, +81, +79, +53, +39 and +28 bcf over the next six weeks for a total of +357 bcf, compared to +427 bcf for the same period last year and the five-year average of +398 bcf.


NGL MARKET RECAP | October 01, 2025

October 01, 2025

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 | September 30, 2025

September 30, 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 September 25, 2025: We anticipate a +60 bcf injection for Thursday's natural gas storage report. Regional breakdown for the reference week: E: +25; MW: +28, MTN: +4, PAC: +2; SC: +1 (S: -7, NS: +8). There are currently 5 analysts reporting a median estimate of +64 bcf o.....


CFTC COT | September 26, 2025

September 26, 2025

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 23. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in WTI and gasoil , but decreased in natural gas, Brent, gasoline and heating oil during the reference week. Non-commercials net length in natural gas decreased by -32.4k to +147.1k in futures a.....


NORTH AMERICAN RIG WATCH | September 26, 2025

September 26, 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 541 active rigs as of September 26, 2025, higher by +5 from the previous week. Oil rigs increased by +6 to 424 (ht: +6; vt-dir: unch), and gas-directed rigs decreased by -1 to 117 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +4 in Permian (NM), by +2 in Eagle Ford (TX), by +1 in Anadarko (TX) and.....