NORTH AMERICAN RIG WATCH
| April 21, 2023
April 21, 2023
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 750 active rigs as of April 21, 2023, higher by +5 from the previous week. Oil rigs increased by +3 to 591 (ht: +3; vt-dir: unch), and gas-directed rigs increased by +2 to 159 (ht: +1; vt-dir: +1). Horizontal oil rigs increased by +2 in Permian (NM), by +2 in Permian (TX) and by +3 in Other areas not associa.....
EUROPEAN NG TRADE
| April 21, 2023
April 21, 2023
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
| April 21, 2023
April 21, 2023
Dear , The EIA reported a +75 bcf injection, 5 bcf greater than our call and Bloomberg’s median of +70 bcf. Our models are currently showing storage activity of +81, +42, +55, +92, +100, and +102 bcf over the next six weeks for a total of +473 bcf, compared to +447 bcf for the same period last year and the five-year average of +496 bcf.
NGL MARKET RECAP
| April 19, 2023
April 19, 2023
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. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage, Butane Arbitrage and Mont Belvieu LST NGL Frac Spreads are not available today, due to an issue with our data provider.
SPECTRUM
| April 19, 2023
April 18, 2023
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 April 13, 2023: LCMC 6-wk NG storage estimate:+70, +78, +49, +55, +93, and +98 bcf. Total +443 vs +412 LY and +437 5-yr avg. This week by region: E: +18; MW: +19, MTN: +4, PAC: +8; SC: +21 (S: unch, NS: +21). There are currently 6 analysts reporting on Bloomberg with a .....
CFTC COT
| April 14, 2023
April 14, 2023
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 11. 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, gasoline and heating oil , but decreased in natural gas, Brent and gasoil during the reference week. Non-commercials net length in natural gas decreased by -8.5k to -125.8k in futures and f.....
EUROPEAN NG TRADE
| April 14, 2023
April 14, 2023
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.
NORTH AMERICAN RIG WATCH
| April 14, 2023
April 14, 2023
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 745 active rigs as of April 14, 2023, lower by -3 from the previous week. Oil rigs decreased by -2 to 588 (ht: -2; vt-dir: unch), and gas-directed rigs decreased by -1 to 157 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +1 in Permian (NM) and by +1 in Other areas not associated with a specific pl.....
EIA NG STORAGE REPORT
| April 13, 2023
April 13, 2023
Dear , The EIA reported a +25 bcf injection, 2 bcf less than our call of +27 bcf and 1 bcf smaller than Bloomberg’s median of +26 bcf. Our models are currently showing storage activity of +77, +85, +70, +88, +93, and +98 bcf over the next six weeks for a total of +511 bcf, compared to +412 bcf for the same period last year and the five-year average of +437 bcf.
NGL MARKET RECAP
| April 12, 2023
April 12, 2023
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. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage, Butane Arbitrage and Mont Belvieu LST NGL Frac Spreads are not available today, due to an issue with our data provider.