NORTH AMERICAN RIG WATCH
| June 12, 2020
June 12, 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 277 active rigs as of June 12, 2020, lower by -5 from the previous week. Oil rigs decreased by -7 to 199 (ht: -7; vt-dir: unch), and gas-directed rigs increased by +2 to 78 (ht: unch; vt-dir: +2). Horizontal oil rigs increased by +1 in Other areas not associated with a specific play, while declining by -3 in P.....
EIA NG STORAGE REPORT
| June 11, 2020
June 11, 2020
Dear , The EIA reported an +93 bcf injection into inventories for the reference week, 4 bcf higher than our call of +89 bcf and 1 bcf lower than the Bloomberg median of +94 bcf. This week, we look to the legal challenges faced by the Atlantic Coast Pipeline and Mountain Valley Pipeline projects in light of last week's changes by the Trump Administration and the EPA to regulatory policy. This includes an imminent Supreme Court decision on the future of both projects and Winter 2020/21 balances an.....
NGL MARKET RECAP
| June 10, 2020
June 10, 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
| June 09, 2020
June 9, 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 report includes analysis the administration's and EPA's recent moves to clarify and interpret existing climate policy, and lays the groundwork for how this will affect natural gas infrastructure projects. For the week ending June 4, 2020, We are anticipating a +89 bcf injection.....
CFTC COT
| June 05, 2020
June 5, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 02. 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, heating oil and gasoil , but decreased in WTI, Brent and gasoline during the reference week. Non-commercials net length in natural gas rose by +9.5k to +176.4k in futures and grew by +26.0k to +27.....
NORTH AMERICAN RIG WATCH
| June 05, 2020
June 5, 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 282 active rigs as of June 05, 2020, lower by -17 from the previous week. Oil rigs decreased by -16 to 206 (ht: -16; vt-dir: unch), and gas-directed rigs decreased by -1 to 76 (ht: -2; vt-dir: +1). Horizontal oil rigs increased by +1 in Anadarko (OK), while declining by -8 in Eagle Ford (TX), by -4 in Permian .....
EIA NG STORAGE REPORT
| June 04, 2020
June 4, 2020
Dear , The EIA reported an +102 bcf injection into inventories for the reference week, 2 bcf lower than our call of +104 bcf and 9 bcf lower than the Bloomberg median of +111 bcf. The Atlanta Fed’s GDPNow shows a -53.8% GDP growth estimate for 2Q20, which points to a more severe contraction than consensus expectation. We simply believe that the depth as well as the deviation from the consensus makes this a plastic deformation in terms of the economic cycles and it will take a while to climb out .....
NGL MARKET RECAP
| June 03, 2020
June 03, 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
| June 02, 2020
June 2, 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 report also includes analysis of the Canadian Energy Regulator's decision to delay approval of the TC Energy's NOVA 2021 pipeline expansion, and how that decision will affect dynamics on NOVA and the WCSB. For the week ending May 28, 2020, We are anticipating a +104 bcf injecti.....
CFTC COT
| May 29, 2020
May 29, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 26. 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, heating oil and gasoil , but decreased in natural gas, Brent and gasoline during the reference week. Non-commercials net length in natural gas rose by +3.4k to +166.9k in futures and fell by -14.4k to +245.....