EIA NG STORAGE REPORT | August 06, 2020

August 6, 2020

Dear , The EIA reported a +33 bcf build for the reference week, 5 bcf higher than our call of +28 bcf and 3 bcf higher than the Bloomberg median of +30 bcf. Looking at this week’s price action, we initially asked ourselves what we now perceive as a poorly-worded question... Given the sudden and extended move, we now believe a better question would have been: “was the $1.799/mmbtu price level for the September contract justified?” Our models are currently showing injections of: +53, +34, +30, +55.....


NGL MARKET RECAP | August 05, 2020

August 05, 2020

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. Note: 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 | August 04, 2020

August 4, 2020

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 July 21, 2020, LCMC 4-wk NG storage estimate: +28, +52, +31, +37. Total +148 vs +224 LY and +170 5-yr avg. This week by region: E: +13; MW: +12; MTN: +5; PAC: -1; SC: -5 (S:-5, NS: +4). BBG avg of 4 analysts at +31 bcf. Total net exports averaged 4.59 bcf/d, down by 0.8.....


CFTC COT | July 31, 2020

July 31, 2020

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 28. 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, heating oil and gasoil , but decreased in WTI, Brent and gasoline during the reference week. Non-commercials net length in natural gas rose by +39.3k to +217.6k in futures and increased by +40.4k .....


NORTH AMERICAN RIG WATCH | July 31, 2020

July 31, 2020

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 249 active rigs as of July 31, 2020, unchanged from the previous week. Oil rigs decreased by -1 to 180 (ht: unch; vt-dir: -1), and gas-directed rigs increased by +1 to 69 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Bakken (ND) and by +1 in Other areas not associated w.....


EIA NG STORAGE REPORT | July 30, 2020

July 30, 2020

Dear , The EIA reported a +26 bcf build for the reference week, 2 bcf higher than our call of +24 bcf and 5 bcf higher than the Bloomberg median of +21 bcf. “I am a little bit worried about gas prices, particularly moving into winter and next summer..." "Producers hoping and praying those stronger ’21 gas prices are basically betting the balance sheet on winter, and that is a risky proposition.” CNX sounded extremely confident in its ability to push incremental volumes to the market if / when de.....


U.S. COAL DELIVERIES TO POWER PLANTS | July 30, 2020

August 2020

Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through May 2020. The report contains volume and price data where available. The chart below shows volume-weighted average cost of delivered coal. Prices ($/mmbtu) are on the left axis, volumes (millions short tons) are on the right axis. That is aggregate data for all ranks and all destinations listed in the report.


NGL MARKET RECAP | July 29, 2020

July 29, 2020

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. Note: 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 | July 28, 2020

July 28, 2020

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 July 21, 2020, LCMC 4-wk NG storage estimate: +24, +29, +38, +35. Total +126 vs +221 LY and +154 5-yr avg. This week by region: E: +13; MW: +16; MTN: +5; PAC: +1; SC: -11 (S:-13, NS: +2). BBG avg of 4 analysts at +24 bcf. Total net exports averaged 5.40 bcf/d, up by 0.5.....


CFTC COT | July 24, 2020

July 24, 2020

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 21. 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 -18.1k to +178.3k in futures and declined by -11.3k t.....