EIA NG STORAGE REPORT | January 23, 2020

January 23, 2020

The EIA reported a -92 bcf decrease in inventories this week, a 3 bcf larger draw than the Bloomberg median and 1 bcf higher than our expectations... At the regional level, this is the second week in a row where our non-salt South Central estimates fell short of the EIA-reported draw. Only a small portion of those fields are visible through pipeline flows, and at this point it is not clear to us whether the strong draws are due to contractual/operational obligations or strong demand triggered by.....


NGL MARKET RECAP | January 23, 2020

January 23, 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.


U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND | January 22, 2020

January 22, 2020

Dear , Please find below the link to this week's detailed natural gas trade and power sector demand estimates and highlights of reference week balances: For the week ending January 16, 2020, We are anticipating a -91 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -21; MW: -35; MTN: -11; PAC: -16; SC: -8 (S:+8, NS: -16). There are currently 4 analysts reporting on Bloomberg with an average of -87 bcf. Over the next four weeks (incl. this week) we are antic.....


CFTC COT | January 17, 2020

January 17, 2020

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 14. 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 , but decreased in natural gas, WTI, Brent, heating oil and gasoil during the reference week. Non-commercials net length in natural gas declined by -23.3k to -192.9k in futures and decreased by -17.....


NORTH AMERICAN RIG WATCH | January 17, 2020

January 17, 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 793 active rigs as of January 17, 2020, higher by +15 from the previous week. Oil rigs increased by +14 to 673 (ht: +12; vt-dir: +2), and gas-directed rigs increased by +1 to 120 (ht: -1; vt-dir: +2). Horizontal oil rigs increased by +3 in Bakken (ND), by +3 in Permian (TX), by +2 in Permian (NM) and by +6 in .....


EIA NG STORAGE REPORT | January 16, 2020

January 16, 2020

The EIA reported a -109 bcf decrease in inventories this week, a 13 bcf larger draw than the Bloomberg median and 12 bcf higher than our expectations. Our East, Mountain and salt dome estimates were in line with the released numbers. We underestimated South Central non-salts, Midwest and Pacific draws. One Midwest model showed -34 bcf, and we labeled it an outlier. Pacific and South Central non-salt pulls were beyond the range of our models’ output. As access to capital becomes more difficult – .....


NGL MARKET RECAP | January 15, 2020

January 15, 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.


U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND | January 14, 2020

January 14, 2020

Dear , Please find below the link to this week's detailed natural gas trade and power sector demand estimates and highlights of reference week balances: For the week ending January 9, 2020, We are anticipating a -97 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -41; MW: -30; MTN: -5; PAC: -6; SC: -15 (S:-3, NS: -12). There are currently 7 analysts reporting on Bloomberg with an average of -93 bcf. Over the next four weeks (incl. this week) we are anticip.....


CFTC COT | January 10, 2020

January 10, 2020

Good afternoon , Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 07. 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, gasoline and gasoil , but decreased in natural gas, WTI and heating oil during the reference week. Non-commercials net length in natural gas fell by -3.3k to -169.6k in futures and d.....


NORTH AMERICAN RIG WATCH | January 10, 2020

January 10, 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 778 active rigs as of January 10, 2020, lower by -15 from the previous week. Oil rigs decreased by -11 to 659 (ht: -1; vt-dir: -10), and gas-directed rigs decreased by -4 to 119 (ht: -2; vt-dir: -2). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Eagle Ford (TX), while declining by -1 in Per.....