CFTC COT | May 20, 2022

May 20, 2022

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 17. 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, WTI, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas rose by +5.7k to +195.2k in futures and grew by +7.5k to +457.4k in .....


NORTH AMERICAN RIG WATCH | May 20, 2022

May 20, 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 726 active rigs as of May 20, 2022, higher by +14 from the previous week. Oil rigs increased by +13 to 576 (ht: +12; vt-dir: +1), and gas-directed rigs increased by +1 to 150 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +6 in Permian (TX), by +3 in Eagle Ford (TX) and by +3 in Other areas not ass.....


EIA NG STORAGE REPORT | May 19, 2022

May 19, 2022

Dear , The EIA reported a +89 bcf injection, equal to our own estimate and the Bloomberg median. The report contains updated seasonal balances for Summer 2022 and Winter 2022/23. Our models are currently showing storage activity of +76, +85, +99, +83, +75, +65 bcf over the next six weeks for a total of +483 bcf, compared to +457 bcf for the same period last year and the five-year average of +531 bcf


NGL MARKET RECAP | May 18, 2022

May 18, 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 and Butane Arbitrage are not available today, due to an issue with our data provider.


SPECTRUM | May 17, 2022

May 17, 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 May 12, 2022: LCMC 6-wk NG storage estimate: +89, +98, +97, +100, +94, +86. Total +564 vs +455 LY and +545 5-yr avg. This week by region: E: +23; MW: +24, MTN: +6, PAC: +5; SC: +31 (S: +12, NS: +19). 3 analysts reported on BBG with an average of +84 bcf. Total net expor.....


CFTC COT | May 13, 2022

May 13, 2022

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 10. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in heating oil , but decreased in natural gas, WTI, Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas declined by -2.6k to +189.5k in futures and fell by.....


NORTH AMERICAN RIG WATCH | May 13, 2022

May 13, 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 712 active rigs as of May 13, 2022, higher by +9 from the previous week. Oil rigs increased by +6 to 563 (ht: +4; vt-dir: +2), and gas-directed rigs increased by +3 to 149 (ht: +1; vt-dir: +2). Horizontal oil rigs increased by +4 in Anadarko (OK) and by +1 in Bakken (ND), while declining by -1 in Permian (NM.....


EIA NG STORAGE REPORT | May 12, 2022

May 12, 2022

Dear , The EIA reported a +76 bcf injection, 3 bcf less than our estimate of +79 bcf and 5 bcf less than the Bloomberg median of +81 bcf. Our models are currently showing storage activity of +90, +106, +108, +104, +95, +87 bcf over the next six weeks for a total of +590 bcf, compared to +455 bcf for the same period last year and the five-year average of +545 bcf.


NGL MARKET RECAP | May 11, 2022

May 11, 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 and Butane Arbitrage are not available today, due to an issue with our data provider.


SPECTRUM | May 10, 2022

May 10, 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 May 5, 2022: LCMC 6-wk NG storage estimate: +79, +96, +109, +107, +105, +93. Total +589 vs +475 LY and +544 5-yr avg. This week by region: E: +19; MW: +22, MTN: +3, PAC: +7; SC: +28 (S: +9, NS: +19). 5 analysts reported on BBG with an average of +82 bcf. Total net expor.....