CFTC COT
| November 20, 2020
November 20, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 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 WTI, Brent, gasoline and gasoil , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas fell by -29.0k to +366.8k in futures and decreased by -25.....
NORTH AMERICAN RIG WATCH
| November 20, 2020
November 20, 2020
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 307 active rigs as of November 20, 2020, lower by -2 from the previous week. Oil rigs decreased by -5 to 231 (ht: +2; vt-dir: -7), and gas-directed rigs increased by +3 to 76 (ht: +3; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (NM), by +2 in Permian (TX) and by +1 in Eagle Ford (TX), while d.....
EIA NG STORAGE REPORT
| November 19, 2020
November 19, 2020
Dear , The EIA reported a +31 bcf build for the reference week , 4 bcf greater than our call of +27 bcf and 11 bcf greater than the Bloomberg median of +20 bcf. Earlier this week, the EIA released its preliminary findings of the 2018 Commercial Buildings Energy Consumption Survey (CBECS). From this, we see that more than half of commercial square footage risks facing covid-related usage restrictions. Our models are currently showing activity of: -25, -19, -51, -96 bcf over the next four weeks f.....
NGL MARKET RECAP
| November 18, 2020
November 18, 2020
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. Note: Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage and Butane Arbitrage are not available today, due to an issue with our data provider.
SPECTRUM
| November 17, 2020
November 17, 2020
Dear , Please find below the link to this week's detailed inventory forecast, our 4-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. This week's commentary presents DFO and RFO fuel switching capabilities relevant to the upcoming winter. For the week November 12, 2020, LCMC 4-wk NG storage estimate: +27, -42, -22, -58. Total -95 vs -192 LY and -162 5-yr avg. This week by region: E: +13; MW: +14; MTN: -3; PAC: -4; SC: +7.....
CFTC COT
| November 16, 2020
November 16, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 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 WTI, Brent, gasoline, heating oil and gasoil , but decreased in natural gas during the reference week. Non-commercials net length in natural gas declined by -8.9k to +395.8k in futures and decreased by -10.....
EIA NG STORAGE REPORT
| November 13, 2020
November 13, 2020
Dear , The EIA reported a +8 bcf build for the reference week , 12 bcf greater than our call of -4 bcf and 11 bcf greater than the Bloomberg median of -3 bcf. In addition to volumetric information, recent mine level data reveals a new dynamic between mines and coal plants. Given this evolving dynamic as the coal market gets “thinner”, break-even models for gas-to-coal switching may become less accurate, including this winter. Our models are currently showing activity of: +19, -57, -67, -91 bcf .....
NORTH AMERICAN RIG WATCH
| November 13, 2020
November 13, 2020
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 309 active rigs as of November 13, 2020, higher by +12 from the previous week. Oil rigs increased by +10 to 236 (ht: +7; vt-dir: +3), and gas-directed rigs increased by +2 to 73 (ht: +1; vt-dir: +1). Horizontal oil rigs increased by +3 in Permian (NM), by +2 in Permian (TX), by +1 in Anadarko (OK) and by +1 in.....
NGL MARKET RECAP
| November 13, 2020
November 13, 2020
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. Note: Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage and Butane Arbitrage are not available today, due to an issue with our data provider.
SPECTRUM
| November 10, 2020
November 10, 2020
Dear , Please find below the link to this week's detailed inventory forecast, our 4-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. This week's commentary presents the highlights from the earnings calls of selected Canadian producers that reported over the past few days. For the week November 5, 2020, LCMC 4-wk NG storage estimate: -4, +29, -33, -65. Total -73 vs -123 LY and -69 5-yr avg. This week by region: E: -7; MW.....