EIA NG STORAGE REPORT
| January 22, 2021
January 22, 2021
Dear , The EIA reported a -187 bcf withdrawal, 3 bcf less than our call of -190 bcf and 10 bcf greater than the Bloomberg median of -177 bcf. As much as recent news and developments targeting our industry may come across as demoralizing, Charlie Munger’s wisdom shared with Caltech Alumni provides insight into how midstream can survive and thrive even – or especially – in the current environment. Our models are currently showing activity of: -134, -175, -138, -165 bcf over the next four weeks fo.....
CFTC COT
| January 22, 2021
January 22, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 19. 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, heating oil and gasoil , but decreased in gasoline during the reference week. Non-commercials net length in natural gas rose by +3.4k to +325.4k in futures and increased by +1.5k to.....
NORTH AMERICAN RIG WATCH
| January 22, 2021
January 22, 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 377 active rigs as of January 22, 2021, higher by +5 from the previous week. Oil rigs increased by +2 to 289 (ht: +2; vt-dir: unch), and gas-directed rigs increased by +3 to 88 (ht: +4; vt-dir: -1). Horizontal oil rigs increased by +4 in Permian (TX), by +1 in Bakken (ND) and by +1 in Other areas not associate.....
NGL MARKET RECAP
| January 22, 2021
January 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. 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
| January 20, 2021
January 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. This week's commentary discusses the risks and constraints of the four major Atlantic basin LNG shipping routes, as well as the risks to LNG-driven relative tightness in US summer balances. For the week ending January 14, 2021, LCMC 4-wk NG storage estimate: -190, -136, -200, -170. Total -.....
CFTC COT
| January 15, 2021
January 15, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 12. 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 and gasoline , but decreased in heating oil and gasoil during the reference week. Non-commercials net length in natural gas rose by +37.1k to +321.9k in futures and grew by +32.4k to.....
NORTH AMERICAN RIG WATCH
| January 15, 2021
January 15, 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 372 active rigs as of January 15, 2021, higher by +13 from the previous week. Oil rigs increased by +12 to 287 (ht: +10; vt-dir: +2), and gas-directed rigs increased by +1 to 85 (ht: +2; vt-dir: -1). Horizontal oil rigs increased by +8 in Permian (TX), by +1 in Anadarko (TX), by +1 in Permian (NM) and by +1 in.....
EIA NG STORAGE REPORT
| January 14, 2021
January 14, 2021
Dear , The EIA reported a -134 bcf withdrawal, 6 bcf greater than our call of -128 bcf and 5 bcf greater than the Bloomberg median of -129 bcf. While the impact we attributed to the New Year’s Day holiday effect may have been stronger than what actually materialized, the startup of the 2 bcf/d Permian Highway Pipeline (PHP) on January 1, 2021 represents the largest unknown that may have affected our estimates. With this being said, we are unsure of how much gas PHP has been moving since the star.....
NGL MARKET RECAP
| January 13, 2021
January 13, 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. 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
| January 12, 2021
January 12, 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. This week's commentary discusses the current challenges the Mountain Valley Pipeline faces in achieving an in-service by late 2021. For the week ending January 7, 2021, LCMC 4-wk NG storage estimate: -128, -164, -150, -196. Total -638 vs -512 LY and -648 5-yr avg. This week by region: E: -.....