NORTH AMERICAN RIG WATCH
| July 30, 2021
July 30, 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 488 active rigs as of July 30, 2021, lower by -3 from the previous week. Oil rigs decreased by -2 to 385 (ht: +2; vt-dir: -4), and gas-directed rigs decreased by -1 to 103 (ht: +1; vt-dir: -2). Horizontal oil rigs increased by +3 in Permian (TX) and by +1 in Bakken (ND), while declining by -1 in Permian (NM) a.....
EIA NG STORAGE REPORT
| July 29, 2021
July 29, 2021
Dear , The EIA reported a +36 bcf injection, 2 bcf lower than our estimate of +38 bcf and 6 bcf lower than the Bloomberg median of +42 bcf. Our models are currently showing storage activity of +15, +47, +34, +57 bcf over the next four weeks for a total of +153 bcf, compared to +176 bcf for the same period last year and the five-year average of +158 bcf..
NGL MARKET RECAP
| July 28, 2021
July 28, 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
| July 27, 2021
July 27, 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 July 22, 2021, LCMC 4-wk NG storage estimate: +38, +21, +43, +32. Total +134 vs +159 LY and +143 5-yr avg. This week by region: E: +19; MW: +20; MTN: +3, PAC: -2; SC: -2 (S: -9, NS: +7). 5 analysts reported on BBG with an average of +42 bcf. Total net exports averaged 1.....
CFTC COT
| July 23, 2021
July 23, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 20. 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 and heating oil , but decreased in WTI, Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas grew by +1.9k to +369.0k in futures and increased by +16.9k t.....
NORTH AMERICAN RIG WATCH
| July 23, 2021
July 23, 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 491 active rigs as of July 23, 2021, higher by +7 from the previous week. Oil rigs increased by +7 to 387 (ht: +8; vt-dir: -1), and gas-directed rigs were unchanged at 104 (ht: -3; vt-dir: +3). Horizontal oil rigs increased by +4 in Permian (TX), by +1 in Anadarko (TX) and by +3 in Other areas not associated w.....
EIA NG STORAGE REPORT
| July 22, 2021
July 22, 2021
Dear , The EIA reported a +49 bcf injection, 7 bcf greater than our estimate of +42 bcf and 6 bcf greater than the Bloomberg median of +43 bcf. Our models are currently showing storage activity of +39, +23, +24, +48 bcf over the next four weeks for a total of +134 bcf, compared to +159 bcf for the same period last year and the five-year average of +143 bcf.
NGL MARKET RECAP
| July 21, 2021
July 21, 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
| July 20, 2021
July 20, 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 July 15, 2021, LCMC 4-wk NG storage estimate: +42, +37, +29, +33. Total +141 vs +152 LY and +136 5-yr avg. This week by region: E: +17; MW: +24; MTN: +3, PAC: -3; SC: +1 (S: -4, NS: +5). 4 analysts reported on BBG with an average of +40 bcf. Total net exports averaged 1.....
CFTC COT
| July 16, 2021
July 16, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 13. 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 and Brent , but decreased in gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas increased by +4.8k to +367.1k in futures and rose by +14.8k t.....