EIA NG STORAGE REPORT
| April 14, 2016
April 14, 2016
The EIA reported a -3 bcf withdrawal for the week ending April 7, coming in tighter than our own number at +4 bcf, and the Bloomberg median at +3 bcf. The stronger than expected withdrawal in the East explains most of the difference to our expectations and could be a result of the much colder than normal weather in the region. While our scrape sample could not justify such a large withdrawal in the East, the weather-driven supply and demand models underestimated the draw as well. Last week.....
NGL MARKET RECAP
| April 13, 2016
April 13, 2016
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
| April 12, 2016
April 12, 2016
Please find attached data and charts detailing U. S. gas imports and power demand for the week ended April 7, 2016. Total net imports for the reference week averaged 1.17 bcf/d, higher by +0.83 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 2.60 bcf/d. Average natural gas demand in the power sector was 23.0 bcf/d, higher by +0.3 bcf/d week-over-week. During the reference week, the contiguous US observed 60 electric-weighted HDDs, higher by +3 from the previou.....
CFTC COT
| April 11, 2016
Commitments of Traders Report – April 11, 2016
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 05. 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 and natural gas , but decreased in gasoline, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas rose by +37.9k to +61.9k in futures and grew by +39.6k to .....
NORTH AMERICAN RIG WATCH
| April 08, 2016
April 8, 2016
Baker Hughes shows 443 active rigs as of April 8, 2016, lower by -7 from the previous week. Oil rigs decreased by -8 to 354 (ht: -5; vt-dir: -3) while gas-directed rigs increased by +1 to 89 (ht: unch; vt-dir: +1). Horizontal oil rigs decreased by -3 in Permian (TX) and by -2 in Bakken (ND), but increased by +2 in Anadarko (OK). On the gas side, horizontal gas rigs decreased by -1 to 2 in Haynesville (TX), but increased by +1 to 4 in Eagle Ford (TX).
EIA NG STORAGE REPORT
| April 07, 2016
April 7, 2016
The EIA reported a +12 bcf injection for the week ending March 31, coming in slightly above our own number at +8 bcf, and the Bloomberg median at +8 bcf. Reported South Central injection was significantly higher than our estimates, while East and Midwest withdrawals came in stronger than our models suggested. There will be no commentary today. Please note our extended U.S. and Canada tables covering the injection season are included in the attachment.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| April 05, 2016
April 5, 2016
NOTE : Natural gas pipelines are transitioning to the NAESB 3.0 Standard. We believe the impact on today’s power, trade, and storage estimates was minimal, but next week’s numbers will certainly exhibit the impact of data issues experienced during the transition period. Please find attached data and charts detailing U. S. gas imports and power demand for the week ended March 31, 2016. Total net imports for the reference week averaged 0.34 bcf/d, lower by -0.72 bcf/d week-on-week. During.....
CFTC COT
| April 04, 2016
Commitments of Traders Report – April 04, 2016
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 29. 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 +26.0k to +24.0k in futures and grew by +4.0k to +0.8.....
NORTH AMERICAN RIG WATCH
| April 01, 2016
April 1, 2016
Baker Hughes shows 450 active rigs as of April 1, 2016, lower by -14 from the previous week. Oil rigs decreased by -10 to 362 (ht: -8; vt-dir: -2) while gas-directed rigs decreased by -4 to 88 (ht: -5; vt-dir: +1). Horizontal oil rigs increased by +3 in Eagle Ford (TX), but decreased by -5 in Permian (TX), -2 in Bakken (ND), and -5 in other areas not associated with any major shale play. On the gas side, horizontal gas rigs dropped by -2 to 0 in Granite Wash (TX), and a single rig remains in Gra.....
EIA NG STORAGE REPORT
| March 31, 2016
March 31, 2016
The EIA reported a -25 bcf withdrawal for the week ending March 24, coming in line with our own number at -25 bcf, and the Bloomberg median at -25 bcf. Regional draws and builds came in line with expectations as well, implying relatively normal operational conditions compared to the elevated volatility of the recent few weeks as inventory surplus reached record levels. After five weeks of steady inventory increases, this was also the first week during which the year-on-year inventory surpl.....