CFTC COT | April 09, 2021

April 9, 2021

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 06. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline, heating oil and gasoil , but decreased in natural gas, WTI and Brent during the reference week. Non-commercials net length in natural gas fell by -26.7k to +184.3k in futures and declined by -21.8k .....


NORTH AMERICAN RIG WATCH | April 09, 2021

April 9, 2021

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 430 active rigs as of April 09, 2021, higher by +2 from the previous week. Oil rigs were unchanged at 337 (ht: +2; vt-dir: -2), and gas-directed rigs increased by +2 to 93 (ht: +1; vt-dir: +1). Horizontal oil rigs increased by +1 in Eagle Ford (TX) and by +1 in Permian (TX). Horizontal gas rigs increased by +1.....


EIA NG STORAGE REPORT | April 08, 2021

April 8, 2021

Dear , The EIA reported a +20 bcf withdrawal, 2 bcf less than our call of +22 bcf and 2 bcf greater than the Bloomberg median of +22 bcf. Our models are currently showing storage activity of: +72, +80, +69, +83 bcf over the next four weeks for a total of +304 bcf, compared to +285 bcf for the same period last year and the five-year average of +211 bcf.


NGL MARKET RECAP | April 07, 2021

April 07, 2021

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 | April 06, 2021

April 6, 2021

Dear , Please find below the link to this week's detailed inventory forecast, our 4-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending April 1, 2021, LCMC 4-wk NG storage estimate: +22, +71, +74, +64. Total +231 vs +211 LY and +139 5-yr avg. This week by region: E: +2; MW: -4; MTN: +1, PAC: +4; SC: +19 (S: +10, NS: +9). 5 analysts reported on BBG with an average of +21 bcf. Total net exports averaged 1.....


CFTC COT | April 02, 2021

April 2, 2021

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 30. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in Brent and gasoline , but decreased in natural gas, WTI and heating oil , and unchanged in gasoil during the reference week. Non-commercials net length in natural gas declined by -3.0k to +210.9k in futures an.....


EIA NG STORAGE REPORT | April 01, 2021

April 1, 2021

Dear , The EIA reported a +14 bcf withdrawal, 7 bcf greater than our call of +21 bcf and 5 bcf greater than the Bloomberg median of +19 bcf. We see over-performing production as the main bearish summertime risk on the supply side. If large public companies that are expected to remain disciplined are already tracking to beat 2-month old production targets, then we’d expect private firms to become overachievers as well. A factor that can mitigate this and support a more bullish thesis for summer 2.....


NORTH AMERICAN RIG WATCH | April 01, 2021

April 1, 2021

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 428 active rigs as of April 01, 2021, higher by +12 from the previous week. Oil rigs increased by +13 to 337 (ht: +12; vt-dir: +1), and gas-directed rigs decreased by -1 to 91 (ht: -2; vt-dir: +1). Horizontal oil rigs increased by +4 in Permian (NM), by +2 in Eagle Ford (TX), by +1 in Anadarko (OK) and by +5 i.....


NGL MARKET RECAP | March 31, 2021

March 31, 2021

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 | March 30, 2021

March 30, 2021

Dear , Please find below the link to this week's detailed inventory forecast, our 4-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending March 25, 2021, LCMC 4-wk NG storage estimate: +21, +32, +63, +66. Total +182 vs +124 LY and +46 5-yr avg. This week by region: E: -3; MW: +1; MTN: +2, PAC: +1; SC: +20 (S: +13, NS: +7). 4 analysts reported on BBG with an average of +23 bcf. Total net exports averaged 1.....