CFTC COT
| April 28, 2014
Commitments of Traders Report – April 28, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 22. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, heating oil, Brent and gasoline, but decreased in WTI during the reference week. Non-commercials net length in natural gas grew by +5.0k to +409.4k in futures and increased by +14.3k to +533.8k in futu.....
NORTH AMERICAN RIG WATCH
| April 25, 2014
April 25, 2014
Baker Hughes shows 1,857 active rigs as of April 25, 2014, higher by +31 from the previous week. Oil rigs increased by +24 to 1,534 (ht: +16; vt-dir: +8) while gas-directed rigs increased by +7 to 323 (ht: +5; vt-dir: +2). Horizontal oil rigs increased by +8 to 111 in Anadarko (OK) and vertical/directional oil rigs increased by +5 to 210 in the Permian (TX). Gas-directed horizontal rigs increased by +3 to 24 in Marcellus ( NEPA ).
EIA NG STORAGE REPORT
| April 24, 2014
April 24, 2014
EIA reported a +49 bcf withdrawal for the week ending April 18 (Bloomberg median +44 bcf, Bloomberg whisper: +45 bcf). The 22 estimates submitted to Bloomberg varied from +25 bcf to +56 bcf with a standard deviation of 8 bcf. Our model showed +46 bcf. Nationwide natural gas-weighted HDDs decreased by -13 to 86, while nationwide electricity-weighted cooling degree days reported by NOAA remained flat at 6 CDDs. Total US: +49 bcf ( LCMC : +46 bcf, Bloomberg median: +44 bcf) East: +17 bcf We.....
NGL MARKET RECAP
| April 23, 2014
April 23, 2014
In Focus: Ethane exports The announcement today from Enterprise that it intends to move forward with an ethane export terminal isn’t too much of a surprise – the partnership has been touting the fundamental length in the product for some time, and has indicated it would pursue such a project given sufficient commercial interest. The question remains, however, whether Enterprise has received firm commitments from international petrochemical producers. To make this a really credible investment.....
CFTC COT
| April 21, 2014
Commitments of Traders Report – April 21, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 15. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, Brent, gasoline and WTI , but decreased in heating oil during the reference week. Non-commercials net length in natural gas grew by +5.3k to +404.4k in futures and increased by +13.0k to +519.6k in fut.....
NORTH AMERICAN RIG WATCH
| April 17, 2014
April 17, 2014
Baker Hughes shows 1,826 active rigs as of April 17, 2014, lower by -1 from the previous week. Oil rigs decreased by -7 to 1,510 (ht: -2; vt-dir: -5) while gas-directed rigs increased by +6 to 316 (ht: +2; vt-dir: +4). Horizontal oil rigs decreased by -10 to 103 in Anadarko (OK) and vertical/directional oil rigs increased by +3 to 205 in Permian (TX). Gas-directed horizontal rigs increased by +3 to 27 in Marcellus ( SWPA ).
EIA NG STORAGE REPORT
| April 17, 2014
April 17, 2014
EIA reported a +24 bcf withdrawal for the week ending April 11 (Bloomberg median +36 bcf, Bloomberg whisper: +37 bcf). The 24 estimates submitted to Bloomberg varied from +27 bcf to +47 bcf with a standard deviation of 5 bcf. Our model showed +39 bcf. Nationwide natural gas-weighted HDDs decreased by -19 to 99, while nationwide electricity-weighted cooling degree days reported by NOAA remained flat at 6 CDDs. Total US: +24 bcf ( LCMC : +39 bcf, Bloomberg median: +36 bcf) East: +6 bcf Wes.....
NGL MARKET RECAP
| April 16, 2014
April 16, 2014
In Focus: Market Insight (and expanded charts) In addition to record liquefied petroleum gas ( LPG ) exports, if recently-announced condensate splitters go ahead as planned, the US will also have excess light naphtha to export. Both of these products compete as feedstock for petrochemical production. But because of propane’s greater seasonality and its use for on-purpose propylene (propane dehydrogenation or PDH ), increased paraffinic naphtha availability shouldn’t necessarily be viewed as.....
CFTC COT
| April 14, 2014
Commitments of Traders Report – April 14, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 08. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, Brent and WTI , but decreased in heating oil and gasoline during the reference week. Non-commercials net length in natural gas declined by -1.3k to +399.1k in futures and grew by +5.1k to +506.6k in fu.....
NORTH AMERICAN RIG WATCH
| April 11, 2014
April 11, 2014
Baker Hughes shows 1,827 active rigs as of April 11, 2014, higher by +13 from the previous week. Oil rigs increased by +19 to 1,517 (ht: +5; vt-dir: +14) while gas-directed rigs decreased by -6 to 310 (ht: -5; vt-dir: -1). Horizontal oil rigs increased by +9 to 208 in Permian (TX). Gas-directed horizontal rigs decreased by -2 to 19 in Haynesville (LA).