U.S. COAL DELIVERIES TO POWER PLANTS | September 25, 2025

September 25, 2025

Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through July 2025. The report contains volume and price data where available. Data files include plant-level stocks. The chart below shows the 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.


EIA NG STORAGE REPORT | September 25, 2025

September 25, 2025

Dear , The EIA reported a +75 bcf injection for the week ending September 18, 6 bcf lower than our estimate of +81 bcf and 1 bcf larger with Bloomberg’s median forecast of +74 bcf. Our models are currently showing storage activity of +60, +78, +84, +81, +68 and +50 bcf over the next six weeks for a total of +421 bcf, compared to +436 bcf for the same period last year and the five-year average of +449 bcf.


NGL MARKET RECAP | September 24, 2025

September 24, 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 23, 2025

September 23, 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 18, 2025: We anticipate a +81 bcf injection for Thursday's natural gas storage report. Regional breakdown for the reference week: E: +28; MW: +28, MTN: +4, PAC: +3; SC: +18 (S: +10, NS: +8). There are currently 3 analysts reporting a median estimate of +76 bcf.....


CFTC COT | September 19, 2025

September 19, 2025

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 16. 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, WTI, Brent, gasoline and gasoil , but decreased in heating oil during the reference week. Non-commercials net length in natural gas grew by +4.4k to +179.5k in futures and rose .....


NORTH AMERICAN RIG WATCH | September 19, 2025

September 19, 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 536 active rigs as of September 19, 2025, higher by +2 from the previous week. Oil rigs increased by +2 to 418 (ht: +2; vt-dir: unch), and gas-directed rigs were unchanged at 118 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +2 in Other areas not associated with a specific play. Canada: Bake.....


EIA NG STORAGE REPORT | September 19, 2025

September 18, 2025

Dear , The EIA reported a +90 bcf injection for the week ending September 11, 8 bcf higher than our estimate of +82 bcf and 9 bcf larger with Bloomberg’s median forecast of +81 bcf. Our models are currently showing storage activity of +78, +72, +70, +82, +74 and +66 bcf over the next six weeks for a total of +442 bcf, compared to +416 bcf for the same period last year and the five-year average of +483 bcf.


NGL MARKET RECAP | September 17, 2025

September 17, 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 17, 2025

September 16, 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 11, 2025: We anticipate a +82 bcf injection for Thursday's natural gas storage report. Regional breakdown for the reference week: E: +20; MW: +31, MTN: +4, PAC: +4; SC: +23 (S: +13, NS: +10). There are currently 5 analysts reporting a median estimate of +81 bc.....


CFTC COT | September 12, 2025

September 12, 2025

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 09. 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 gasoil , but decreased in WTI, Brent, gasoline and heating oil during the reference week. Non-commercials net length in natural gas increased by +7.6k to +175.2k in futures an.....