NORTH AMERICAN RIG WATCH
| August 23, 2024
August 23, 2024
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 580 active rigs as of August 23, 2024, lower by -1 from the previous week. Oil rigs were unchanged at 483 (ht: +2; vt-dir: -2), and gas-directed rigs decreased by -1 to 97 (ht: +1; vt-dir: -2). Horizontal oil rigs increased by +5 in Permian (TX) and by +4 in Other areas not associated with a specific play, w.....
TTF WEEKLY REVIEW
| August 23, 2024
August 23, 2024
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.
EIA NG STORAGE REPORT
| August 23, 2024
August 22, 2024
Dear , The EIA reported an injection of +35 bcf for the week ending August 15, 11 bcf higher than our prediction of +24 bcf and 10 bcf larger than Bloomberg’s median estimate of +25 bcf. Our models are currently showing storage activity of +38, +35, +50, +47, +60 and +71 bcf over the next six weeks for a total of +301 bcf, compared to 343 bcf for the same period last year and the five-year average of +427 bcf.
NGL MARKET RECAP
| August 21, 2024
August 21, 2024
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
| August 20, 2024
August 20, 2024
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 August 15, 2024: LCMC 6-wk NG storage estimate: +24, +38, +20, +15, +47, and +60 bcf. Total +204 bcf vs +278 bcf LY and +370 bcf 5-yr avg. This week by region: E: +12; MW: +22, MTN: +4, PAC: +1; SC: -15 (S: -10, NS: -5). There are currently 4 analysts reporting on Bloom.....
CFTC COT
| August 16, 2024
August 16, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 13. 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, Brent, gasoline, heating oil and gasoil , but decreased in natural gas during the reference week. Non-commercials net length in natural gas decreased by -11.2k to +7.9k in futures and decl.....
NORTH AMERICAN RIG WATCH
| August 16, 2024
August 16, 2024
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 581 active rigs as of August 16, 2024, lower by -1 from the previous week. Oil rigs decreased by -2 to 483 (ht: unch; vt-dir: -2), and gas-directed rigs increased by +1 to 98 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +3 in Anadarko (OK) and by +1 in Other areas not associated with a specific p.....
TTF WEEKLY REVIEW
| August 16, 2024
August 16, 2024
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.
EIA NG STORAGE REPORT
| August 16, 2024
August 15, 2024
Dear , The EIA reported a withdrawal of -6 bcf for the week ending August 8, 2 bcf larger than our prediction of -4 bcf, while Bloomberg’s median estimate projected an injection of +1 bcf. Our models are currently showing storage activity of +25, +31, +20, +40, +51 and +64 bcf over the next six weeks for a total of +231 bcf, compared to +278 bcf for the same period last year and the five-year average of +370 bcf.
NGL MARKET RECAP
| August 14, 2024
August 14, 2024
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.