NGL MARKET RECAP
| May 14, 2014
May 14, 2014
Propane: US propane inventories increased by +2.5m bbl to 37.7m bbl for the week ended May 9, 2014. PADD 3 inventories increased +7%, or +1.4m bbl, to 20.8m bbl. PADD 2 stocks increased by +7%, or +830k bbl, to 12.5m bbl. In PADD 1, stocks increased by +6% or +166k bbl to 3.0m bbl. Implied demand increased +22% to 849 kb/d; imports decreased -24% to 55 kb/d and production fell -1% to 1.46 mb/d last week. This week we have included our expanded charts, including Canadian LPG inventori.....
CFTC COT
| May 12, 2014
Commitments of Traders Report – May 12, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 06. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials decreased net length in natural gas, heating oil, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas fell by -6.1k to +378.6k in futures and declined by -6.7k to +509.0k in futures and options. The .....
NORTH AMERICAN RIG WATCH
| May 09, 2014
May 9, 2014
Baker Hughes shows 1,851 active rigs as of May 9, 2014, higher by +1 from the previous week. Oil rigs increased by +1 to 1,528 (ht: -2; vt-dir: +3) while gas-directed rigs stayed the same at 323 (ht: -2; vt-dir: +2). Horizontal oil rigs decreased by -4 to 160 in the Bakken (ND) and vertical/directional oil rigs increased by +2 to 3 in Anadarko (KS). Gas-directed horizontal rigs increased by +3 to 14 in Granite Wash (TX).
EIA NG STORAGE REPORT
| May 08, 2014
May 8, 2014
EIA reported a +74 bcf injection for the week ending May 2 (Bloomberg median +71 bcf, Bloomberg whisper: +70 bcf). The 24 estimates submitted to Bloomberg varied from +62 bcf to +79 bcf with a standard deviation of 4 bcf. Our model showed +75 bcf. Nationwide natural gas-weighted HDDs decreased by -1 to 72, while nationwide electricity-weighted cooling degree days reported by NOAA increased by +7 to reach 14 CDDs. Total US: +74 bcf ( LCMC : +75 bcf, Bloomberg median: +71 bcf) East: +35 bcf.....
NGL MARKET RECAP
| May 07, 2014
May 7, 2014
In Focus: Petrochemical update Some of the key issues on the minds of chemical companies – or at least the analysts that cover them – include ethane and propane exports, construction timelines for new cracking facilities in the U.S. and opportunities for chemical demand growth in international markets, particularly China. If there was any bias in their analyses, it would be in categorically bullish stances on supply and mostly bearish outlooks for feedstock prices.
CFTC COT
| May 05, 2014
Commitments of Traders Report – May 05, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 29. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in heating oil, Brent and gasoline , but decreased in natural gas and WTI during the reference week. Non-commercials net length in natural gas decreased by -24.7k to +384.7k in futures and fell by -18.2k to +515.6k in.....
NORTH AMERICAN RIG WATCH
| May 02, 2014
May 2, 2014
Baker Hughes shows 1,850 active rigs as of May 2, 2014, lower by -7 from the previous week. Oil rigs decreased by -7 to 1,527 (ht: +3; vt-dir: -10) while the number of gas-directed rigs stayed the same at 323 (ht: -1; vt-dir: +1). Horizontal oil rigs decreased by -3 to 39 in Anadarko (TX). Gas-directed horizontal rigs decreased by -3 to 21 in Marcellus ( NEPA ).
EIA NG STORAGE REPORT
| May 01, 2014
CORRECTION - May 1, 2014
The original version stated the EIA reported an 82 bcf withdrawal this week. It was an injection and not withdrawal (underlined in the text). EIA reported an +82 bcf injection for the week ending April 25 (Bloomberg median +76 bcf, Bloomberg whisper: +78 bcf). The 24 estimates submitted to Bloomberg varied from +66 bcf to +88 bcf with a standard deviation of 5 bcf. Our model showed +73 bcf. Nationwide natural gas-weighted HDDs decreased by -13 to 73, while nationwide electricity-weighte.....
NGL MARKET RECAP
| April 30, 2014
April 30, 2014
In Focus: Bluegrass, ATEX and new ethane ships As plans for domestic pipeline infrastructure continue to change, Northeast storage capacity could be challenged and regional ethane recovery could surprise to the downside. At the same time, with new multi-purpose LNG ships announced to target the ethane/ethylene trade, we have more confidence in additional U.S. ethane exports. The announcement this week that the 400 kb/d Bluegrass pipeline has been taken off the project shelf supports incr.....
U.S. COAL DELIVERIES TO POWER PLANTS
| April 28, 2014
May 2014
Please find attached U.S. Coal Deliveries to Electric Power Plants with data through February 2014. The report contains volume and price data where available.