NORTH AMERICAN RIG WATCH
| February 14, 2020
February 14, 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 788 active rigs as of February 14, 2020, higher by +1 from the previous week. Oil rigs increased by +2 to 678 (ht: +3; vt-dir: -1), and gas-directed rigs decreased by -1 to 110 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (TX) and by +2 in Permian (NM), while declining by -1 in Eagle .....
EIA NG STORAGE REPORT
| February 13, 2020
February 13, 2020
Dear , The EIA reported a -115 bcf withdrawal from inventories this week, 1 bcf higher than our call of -114 bcf and 4 bcf higher than the Bloomberg median. Our previous week’s commentary highlighted new petrochemical demand coming online as a potential driver behind stronger than expected withdrawals in the region. Stronger petrochemical and plastics volumes reported in railroad earnings calls supported that hypothesis.
NGL MARKET RECAP
| February 12, 2020
February 12, 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.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| February 11, 2020
February 11, 2020
Dear , Please find below the link to this week's detailed natural gas trade and power sector demand estimates and highlights of reference week balances: For the week ending February 6, 2020, We are anticipating a -114 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -33; MW: -33; MTN: -9; PAC: -7; SC: -32 (S:-13, NS: -19). There are currently 4 analysts reporting on Bloomberg with an average of -105 bcf. Over the next four weeks (incl. this week) we are ant.....
CFTC COT
| February 07, 2020
February 7, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 04. 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 decreased by -1.8k to -235.4k in futures and grew by +10......
NORTH AMERICAN RIG WATCH
| February 07, 2020
February 7, 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 787 active rigs as of February 07, 2020, unchanged from the previous week. Oil rigs increased by +1 to 676 (ht: +2; vt-dir: -1), and gas-directed rigs decreased by -1 to 111 (ht: -2; vt-dir: +1). Horizontal oil rigs increased by +3 in Permian (NM), by +1 in Anadarko (TX) and by +4 in Other areas not associated.....
EIA NG STORAGE REPORT
| February 06, 2020
February 6, 2020
Dear , The EIA reported a -137 bcf withdrawal from inventories this week, 6 bcf higher than our call of -131 bcf and 7 bcf higher than the Bloomberg median. South Central posted another large draw from Non-Salt fields, only 3 bcf lower than 5-year records, which is surprising given the milder reference week. While the majority of producers are yet to report their 4Q19 earnings and elaborate on their 2020 plans, once-removed players already provided some insight into 2020 E&P Capex allocations. .....
NGL MARKET RECAP
| February 05, 2020
February 05, 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.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| February 04, 2020
February 4, 2020
Dear , Please find below the link to this week's detailed natural gas trade and power sector demand estimates and highlights of reference week balances: For the week ending January 30, 2020, We are anticipating a -131 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -41; MW: -41; MTN: -7; PAC: +1; SC: -43 (S:-19, NS: -24). There are currently 6 analysts reporting on Bloomberg with an average of -127 bcf. Over the next four weeks (incl. this week) we are ant.....
U.S. COAL DELIVERIES TO POWER PLANTS
| February 03, 2020
February 2020
Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through November 2019. The report contains volume and price data where available. The chart below shows volume-weighted average cost of delivered coal. Prices ($/mmbtu) are on the left axis, volumes (millions short tons) are on the right axis. That is aggregate data for all ranks and all destinations listed in the report.