EIA NG STORAGE REPORT
| August 13, 2009
+63 bcf
EIA NG STORAGE REPORT The EIA reported a build of 63 bcf for the week ending Aug 7, slightly below market expectations (Bloomberg median expectation +66 bcf). When viewed only in relation to last week’s +66 bcf build, it would appear that the market tightened considerably because there were actually five fewer HDD w-o-w, yet the injection came in 3 bcf lower. Yet when taken within a broader context, however, this report still does not suggest a significant shift. Last week’s +66 bcf bu.....
EIA NG STORAGE REPORT
| August 06, 2009
+66 bcf
EIA NG STORAGE REPORT The EIA reported that US natural gas inventories grew by 66 bcf, a larger build than expectations, which had hovered in the low-60s (Bloomberg median expectation +61 bcf). Although most analysis has been focusing on tightening balances in the US gas market, this week’s report reiterates that balances are unlikely to tighten quickly enough to avoid colliding with regional storage constraints. In this sense, the storage report is quite bearish for the front of the cur.....
CFTC COT
| July 31, 2009
July 31, 2009
Please find attached a summary of the latest CFTC Commitment of Traders Report. The net non-commercial long position in WTI grew by 2.4k to 4.6k in futures and by 4.8k to 77.4k in futures and options combined as both long and short positions increased. The net non-commercial short position in natural gas grew by 2.5k to 161k in futures and by 2k to 74.6k in futures and options combined. Meanwhile, the net long position in RBOB futures gained 12.2k to 54.2k and in HO 7.1k to reach 29......
EIA NG STORAGE REPORT
| July 30, 2009
+71 bcf
EIA NG STORAGE REPORT The EIA reported that total US natural gas inventories grew by 71 bcf during the week ending July 24, in line with consensus expectations of a 73 bcf build. The five-year average build for the week is 51 bcf and the year-ago build was 68 bcf, albeit with much hotter weather last year in every region except the Rockies and the West. Total US: +71 bcf (Bloomberg median expectation 73 bcf) East: +56 bcf West: -1 bcf Producing: +16 bcf Statistical summary attache.....
CFTC COT
| July 24, 2009
July 24, 2009
Please find attached a summary of today’s CFTC Commitment of Traders Report. The non-commercial net long WTI position is now negligible for futures, dropping to 2.2k from 16.2k last week as short positions increased by 11.6k. The net long position in futures and options, however, is more substantial at 72.6k contracts, down from 82.3k last week. Not too much change in the net short non-commercial position in natural gas, dropping from 165k contracts to 158.4 in futures and from 74k to 72.....
EIA NG STORAGE REPORT
| July 23, 2009
+66
EIA NG STORAGE REPORT The EIA reported that US natural gas inventories grew by 66 bcf last week, exactly in line with the market consensus and slightly above the 62 bcf five-year average, but well below last year’s 87 bcf build for the week. Total US inventories reached 2.95 tcf by July 17, a level never before reached prior to the third week of August. From this point until the end of injection season last year, inventories grew by 1.1 tcf despite severe Gulf of Mexico disruptions durin.....
CFTC COT
| July 17, 2009
July 17, 2009
Today’s CFTC Commitment of Traders Report indicated little change in net non-commercial positions in WTI . Net length in futures only grew by just 800 lots to 16k while net length in futures and options combined increased by just 412 to 82k with both short and long positions growing by roughly the same amount. Non-commercial players reduced their long and short positions in natural gasincreased their net short position in natural gas by 4k to 164k contracts in futures and by nearly 5k to 74.....
EIA NG STORAGE REPORT
| July 16, 2009
+90 bcf
EIA NG STORAGE REPORT The EIA reported a 90 bcf build for the week ending July 10, in line with consensus expectations (Bloomberg survey median +91 bcf) but below our projection for the week. This is the first report that indicates to us significantly tighter balances than those that prevailed this spring. While this report is bullish for the front of the curve and we expect balances to continue to tighten through the remainder of injection season, we still expect key regional constraint.....
CFTC COT
| July 10, 2009
July 10, 2009
Today’s CFTC Commitment of Traders Report for the week ending July 7th, shows that WTI Crude Oil non-commercial net length declined by 20k contracts (19%) in futures and options combined to 82k contracts of net length, the lowest level since reaching 75k contracts for the week ending May 12th. Total open interest remained mostly unchanged in futures only at 1.16m contracts, but increased by 56k contracts (2%) to 2.59m contracts in futures and options combined. In petroleum products, net l.....
EIA NG STORAGE REPORT
| July 09, 2009
+75 bcf
EIA NG STORAGE REPORT The EIA reported a smaller-than-expected 75 bcf storage build for the week ending July 3 (Bloomberg median expectation of +85 bcf). The build also came in below last year’s 89 bcf build and the 90 bcf five-year average. The producing region squeezed another 12 bcf into storage while the west managed a very meager 3 bcf injection. Total US: 75 bcf (Bloomberg median +85 bcf) East: 60 bcf West: 3 bcf Producing: 12 bcf Statistical summary attached. Total US inv.....