SPECTRUM
| December 15, 2020
December 15, 2020
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 recent news of Cheniere's sale of 30 cargos to its subsidiary, Cheniere Marketing, and the company's LNG marketing practices. For the week December 10, 2020, LCMC 4-wk NG storage estimate: -128, -162, -154, -189. Total -633 vs -378 LY and -449 5-yr avg......
CFTC COT
| December 11, 2020
December 11, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 08. 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 heating oil , but decreased in natural gas, WTI and gasoil during the reference week. Non-commercials net length in natural gas declined by -74.9k to +273.9k in futures and fell by -87......
NORTH AMERICAN RIG WATCH
| December 11, 2020
December 11, 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 337 active rigs as of December 11, 2020, higher by +16 from the previous week. Oil rigs increased by +12 to 258 (ht: +13; vt-dir: -1), and gas-directed rigs increased by +4 to 79 (ht: +4; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (TX), by +2 in Eagle Ford (TX), by +2 in Permian (NM), by +1 .....
EIA NG STORAGE REPORT
| December 10, 2020
December 10, 2020
Dear , The EIA reported a -91 bcf build for the reference week , 11 bcf greater than our call of -80 bcf and 5 bcf greater than the Bloomberg median of -86 bcf. The reason behind inferior regional withdrawal estimates provided by most flow-based models (where storage activity is directly measured) can be traced back to evolving seasonal trends in interregional gas movements between the Northeast / Southeast and Midwest / South Central. Our models are currently showing activity of: -121, -140, -1.....
NGL MARKET RECAP
| December 09, 2020
December 09, 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. 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
| December 08, 2020
December 8, 2020
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 latest developments surrounding the Corpus Christi LNG terminal as well as the longer voyages some Asia-bound LNG vessels are taking to avoid the Panama Canal. For the week December 3, 2020, LCMC 4-wk NG storage estimate: -80, -101, -104, -128. Total -4.....
CFTC COT
| December 04, 2020
December 4, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 01. 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 +15.6k to +348.9k in futures and increased by +10.1k.....
NORTH AMERICAN RIG WATCH
| December 04, 2020
December 4, 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 321 active rigs as of December 04, 2020, higher by +3 from the previous week. Oil rigs increased by +5 to 246 (ht: +8; vt-dir: -3), and gas-directed rigs decreased by -2 to 75 (ht: -2; vt-dir: unch). Horizontal oil rigs increased by +4 in Permian (TX), by +2 in Permian (NM), by +1 in Eagle Ford (TX) and by +1 .....
EIA NG STORAGE REPORT
| December 03, 2020
December 3, 2020
Dear , The EIA reported a -1 bcf build for the reference week , 4 bcf less than our call of +3 bcf and 15 bcf greater than the Bloomberg median of -16 bcf. With OPEC+ appearing set to coordinate the gradual easing of production curtailments, we will be less likely to see any surprises that pose significant downward pressure on oil prices in the upcoming months - at least from that direction. Our models are currently showing activity of: -72, -103, -126, -156 bcf over the next four weeks for a t.....
NGL MARKET RECAP
| December 02, 2020
December 02, 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. 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.