NGL MARKET RECAP
| January 07, 2026
January 07, 2026
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.
CFTC COT
| January 05, 2026
January 05, 2026
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 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 WTI, Brent, gasoline, heating oil and gasoil , but decreased in natural gas during the reference week. Non-commercials net length in natural gas increased by +16.3k to +95.7k in futures and d.....
NORTH AMERICAN RIG WATCH
| January 02, 2026
December 30, 2025
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 537 active rigs as of December 30, 2025, higher by +1 from the previous week. Oil rigs increased by +3 to 412 (ht: +4; vt-dir: -1), and gas-directed rigs decreased by -2 to 125 (ht: -2; vt-dir: unch). Horizontal oil rigs increased by +5 in Other areas not associated with a specific play, while declining by -1 .....
CFTC COT
| December 31, 2025
December 31, 2025
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 23. 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 and Brent , but decreased in natural gas, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas fell by -52.6k to +79.4k in futures and dec.....
EIA NG STORAGE REPORT
| December 31, 2025
December 31, 2025
Dear , The EIA reported a -38 bcf withdrawal for the week ending December 25, 3 bcf lower with our estimate of -41 bcf and 13 bcf lower than Bloomberg’s median forecast of -51 bcf. Our models are currently showing storage activity of -139, -153, -211, -165, -158 and -156 bcf over the next six weeks for a total of -982 bcf, compared to -1,119 bcf for the same period last year and the five-year average of -973 bcf.
NGL MARKET RECAP
| December 31, 2025
December 31, 2025
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.
SPECTRUM
| December 30, 2025
December 30, 2025
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 25, 2025: We anticipate a -41 bcf withdrawal for Wednesday's natural gas storage report. Regional breakdown for the reference week: E: -21; MW: -30; MTN: -2; PAC: +4; SC: +8 (S: +14; NS: -6). There are currently 5 analysts reporting a median estimate of -51 bcf.....
EIA NG STORAGE REPORT
| December 29, 2025
December 29, 2025
Dear , The EIA reported a -166 bcf withdrawal for the week ending December 18, in line with our estimate of -166 bcf and 3 bcf lower than Bloomberg’s median forecast of -169 bcf. Our models are currently showing storage activity of -41, -135, -162, -144, -156 and -146 bcf over the next six weeks for a total of -784 bcf, compared to -1,121 bcf for the same period last year and the five-year average of -945 bcf.
TTF WEEKLY REVIEW
| December 28, 2025
December 28, 2025
Dear , Our European Gas Market Weekly Watch report, along with our European natural gas trade and storage estimates (in units of MMcm/d or bcf/d), offers a summary of key developments in the European gas market. Please find this week’s reports at the links below: European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but exclude the island nations (Malta and Cyprus).
SPECTRUM
| December 27, 2025
December 26, 2025
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 18, 2025: We anticipate a -166 bcf withdrawal for Monday's natural gas storage report. Regional breakdown for the reference week: E: -50; MW: -61; MTN: -4; PAC: 0; SC: -51 (S: -17; NS: -34). There are currently 7 analysts reporting a median estimate of -169 bcf.....