NGL MARKET RECAP
| March 22, 2017
March 22, 2017
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| March 21, 2017
March 21, 2017
Please find attached data and charts detailing U.S. gas imports and power demand for the week ended March 16, 2017. Total net imports for the reference week averaged -0.62 bcf/d, lower by -0.35 bcf/d week-on-week. During the same week last year, U.S. net imports averaged +0.12 bcf/d. Average natural gas demand in the power sector was 23.9 bcf/d, higher by +3.3 bcf/d week-over-week. During the reference week, the contiguous US observed 126 electric-weighted HDDs, up 41 week over week.
CFTC COT
| March 20, 2017
Commitments of Traders Report – March 20, 2017
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 14. 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 , but decreased in Brent, gasoline, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas rose by +35.9k to +361.1k in futures and increased by +36.2k .....
NORTH AMERICAN RIG WATCH
| March 17, 2017
March 17, 2017
Baker Hughes shows 788 active rigs as of March 17, 2017, higher by +20 from the previous week. Oil rigs increased by +14 to 631 (ht: +14; vt-dir: unch), and gas-directed rigs increased by +6 to 157 (ht: +5; vt-dir: +1). Horizontal oil rigs increased by +8 in Anadarko (OK), by +4 in Bakken (ND), by +1 in Permian (TX) and by +4 in Other areas not associated with a specific play, while decreasing by -2 in Permian (NM) and by -1 in Bakken (MT). Horizontal gas rigs increased by +3 in Woodford (Arkoma.....
EIA NG STORAGE REPORT
| March 16, 2017
March 16, 2017
The EIA reported a -53 bcf withdrawal for the week ending March 9, a smaller draw than the -59 bcf our model had anticipated and also below the Bloomberg median of -57 bcf. As for a regional breakdown, the largest miss came in South Central where we had flat inventory, while the EIA reported a +5 bcf injection. The reference week was special for Texas – and not just because the Houston Rodeo began on March 7. At 11.8 aGW, ERCOT recorded its highest ever weekly wind generation, breaking t.....
NGL MARKET RECAP
| March 15, 2017
March 15, 2017
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| March 14, 2017
March 14, 2017
Please find attached data and charts detailing U.S. gas imports and power demand for the week ended March 9, 2017. Total net imports for the reference week averaged -0.29 bcf/d, higher by +0.77 bcf/d week-on-week. During the same week last year, U.S. net imports averaged +0.88 bcf/d. Average natural gas demand in the power sector was 20.4 bcf/d, lower by -0.2 bcf/d week-over-week. During the reference week, the contiguous US observed 85 electric-weighted HDDs, flat week over week.
CFTC COT
| March 13, 2017
Commitments of Traders Report – March 13, 2017
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 07. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in Brent, gasoline, natural gas and heating oil , but decreased in gasoil and WTI during the reference week. Non-commercials net length in natural gas grew by +13.9k to +325.2k in futures and increased by +8.5.....
NORTH AMERICAN RIG WATCH
| March 10, 2017
March 10, 2017
Baker Hughes shows 768 active rigs as of March 10, 2017, higher by +13 from the previous week. Oil rigs increased by +8 to 617 (ht: +3; vt-dir: +5), and gas-directed rigs increased by +5 to 151 (ht: +3; vt-dir: +2). Horizontal oil rigs increased by +7 in Other areas not associated with a specific play, while decreasing by -3 in Permian (NM) and by -1 in Anadarko (TX). Horizontal gas rigs increased by +2 in Haynesville (LA) and by +1 in Other.
EIA NG STORAGE REPORT
| March 09, 2017
March 9, 2017
The EIA reported a -68 bcf withdrawal for the week ending March 2, a larger draw than the amount our model anticipated and also well above the Bloomberg median of -62 bcf. To be fair, our flow model performed quite well this week: the implied flow by the EIA was indeed -64 bcf, and a 4 bcf reclassification from working gas to base gas in salt domes raised that number to -68 bcf. The salt reclassification was somewhat surprising as salt domes have much tighter margin of errors in their invent.....