NGL MARKET RECAP
| April 28, 2021
April 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
| April 27, 2021
April 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 April 22, 2021, LCMC 4-wk NG storage estimate: +2, +54, +89, +86. Total +232 vs +358 LY and +316 5-yr avg. This week by region: E: -3; MW: -4; MTN: +2, PAC: +6; SC: +1 (S: +0, NS: +1). 4 analysts reported on BBG with an average of +11 bcf. Total net exports averaged 12......
CFTC COT
| April 23, 2021
April 23, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 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, WTI, Brent, gasoline and gasoil , but decreased in heating oil during the reference week. Non-commercials net length in natural gas rose by +9.4k to +209.7k in futures and grew by +11.7k to +346......
NORTH AMERICAN RIG WATCH
| April 23, 2021
April 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 437 active rigs as of April 23, 2021, lower by -1 from the previous week. Oil rigs decreased by -1 to 343 (ht: -1; vt-dir: unch), and gas-directed rigs were unchanged at 94 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +1 in Permian (NM), while declining by -2 in Permian (TX). Canada: Baker Hu.....
EIA NG STORAGE REPORT
| April 22, 2021
April 22, 2021
Dear , The EIA reported a +38 bcf withdrawal, 8 bcf less than our call of +46 bcf and and 9 bcf less than the Bloomberg median of +47 bcf. This morning, Dow hosted their 1Q2021 earnings call. The numerous comments on improving market conditions and results that beat month-old guidance, which we had utilized to construct last month's more bearish view, appears to be a case of "undersell, overdeliver". Our models are currently showing storage activity of: +9, +56, +77, +75 bcf over the next four w.....
NGL MARKET RECAP
| April 22, 2021
April 22, 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 20, 2021
April 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 April 15, 2021, LCMC 4-wk NG storage estimate: +46, +16, +64, +78. Total +204 vs +321 LY and +267 5-yr avg. This week by region: E: +14; MW: +9; MTN: +0, PAC: +5; SC: +18 (S: +10, NS: +8). 5 analysts reported on BBG with an average of +50 bcf. Total net exports averaged.....
CFTC COT
| April 16, 2021
April 16, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 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, Brent, heating oil and gasoil , but decreased in WTI and gasoline during the reference week. Non-commercials net length in natural gas grew by +16.0k to +200.3k in futures and rose by +14.5k to +.....
NORTH AMERICAN RIG WATCH
| April 16, 2021
April 16, 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 438 active rigs as of April 16, 2021, higher by +8 from the previous week. Oil rigs increased by +7 to 344 (ht: +4; vt-dir: +3), and gas-directed rigs increased by +1 to 94 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (TX), by +1 in Anadarko (OK) and by +1 in Anadarko (TX). Horizontal.....
EIA NG STORAGE REPORT
| April 15, 2021
April 15, 2021
Dear , The EIA reported a +61 bcf withdrawal, 10 bcf less than our call of +71 bcf and and 6 bcf less than the Bloomberg median of +67 bcf. As noted in today’s NG Morning Summary, we have revised the methodology used in estimating daily Mexican exports, which we detail in this report. Our models are currently showing storage activity of: +50, +31, +78, +74 bcf over the next four weeks for a total of +233 bcf, compared to +321 bcf for the same period last year and the five-year average of +267 b.....