CFTC COT
| December 23, 2022
December 23, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 20. 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 declined by -2.1k to -61.4k in futures and dec.....
NORTH AMERICAN RIG WATCH
| December 23, 2022
December 22, 2022
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 777 active rigs as of December 22, 2022, higher by +3 from the previous week. Oil rigs increased by +2 to 622 (ht: +2; vt-dir: unch), and gas-directed rigs increased by +1 to 155 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +6 in Permian (TX) and by +2 in Bakken (ND), while declining by -4 in Permi.....
EUROPEAN NG TRADE
| December 23, 2022
December 23, 2022
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
| December 22, 2022
December 22, 2022
Dear , The EIA reported a -87 bcf withdrawal, 2 bcf less than our call of -89 bcf and 5 bcf less than the Bloomberg median of -92 bcf. The report also contains updated seasonal balances for Summer 2022, Winter 2022/23, and Summer 2023. Our models are currently showing storage activity of -206, -262, -38, -163, -164, -160 bcf over the next six weeks for a total of -993 bcf, compared to -1009 bcf for the same period last year and the five-year average of -883 bcf.
NGL MARKET RECAP
| December 21, 2022
December 21, 2022
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
| December 20, 2022
December 20, 2022
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 December 15, 2022: LCMC 6-wk NG storage estimate: -89, -200, -220, -62, -163, -164 bcf. Total -898 vs -807 LY and -827 5-yr avg. This week by region: E: -35; MW: -27, MTN: -8, PAC: -17; SC: -2 (S: +8, NS: -10). 3 analysts reported on BBG with a median of -86 bcf. Total .....
CFTC COT
| December 16, 2022
December 16, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 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 natural gas and gasoil , but decreased in WTI, Brent, gasoline and heating oil during the reference week. Non-commercials net length in natural gas increased by +26.8k to -59.3k in futures and.....
NORTH AMERICAN RIG WATCH
| December 16, 2022
December 16, 2022
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 774 active rigs as of December 16, 2022, lower by -4 from the previous week. Oil rigs decreased by -5 to 620 (ht: -2; vt-dir: -3), and gas-directed rigs increased by +1 to 154 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (NM) and by +1 in Other areas not associated with a specific p.....
EUROPEAN NG TRADE
| December 16, 2022
December 16, 2022
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
| December 15, 2022
December 15, 2022
Dear , The EIA reported a -50 bcf withdrawal, 8 bcf less than our call of -58 bcf and 1 bcf less than the Bloomberg median of -51 bcf. At the time we published our estimate, Southern Star had not reported a final inventory value for the reference week. The calculated value we used as a replacement yielded a larger modeled withdrawal for South Central Non-Salts compared to the inventory eventually reported by the operator. Our models are currently showing storage activity of -86, -217, -246, -163.....