SPECTRUM
| December 01, 2020
December 1, 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 upcoming infrastructure developments in Mexico during December, as well as the latest $11B infrastructure package proposed by the administration. For the week November 26, 2020, LCMC 4-wk NG storage estimate: +3, -73, -101, -137. Total -308 vs -322 LY and -.....
CFTC COT
| November 30, 2020
November 30, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 24. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in WTI, Brent, gasoline and gasoil , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas decreased by -33.5k to +333.3k in futures and declined by.....
U.S. COAL DELIVERIES TO POWER PLANTS
| November 30, 2020
December 2020
Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through September 2020. The report contains volume and price data where available. The chart below shows volume-weighted average cost of delivered coal. Prices ($/mmbtu) are on the left axis, volumes (millions short tons) are on the right axis. That is aggregate data for all ranks and all destinations listed in the report.
EIA NG STORAGE REPORT
| November 25, 2020
November 25, 2020
Dear , The EIA reported a -18 bcf build for the reference week , 3 bcf less than our call of -21 bcf and 1 bcf less than the Bloomberg median of -19 bcf. Our models are currently showing activity of: +2, -77, -127, -139 bcf over the next four weeks for a total of -341 bcf, compared to -322 bcf for the same period last year and the five-year average of -334 bcf.
NORTH AMERICAN RIG WATCH
| November 25, 2020
November 25, 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 318 active rigs as of November 25, 2020, higher by +11 from the previous week. Oil rigs increased by +10 to 241 (ht: +10; vt-dir: unch), and gas-directed rigs increased by +1 to 77 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +3 in Eagle Ford (TX), by +3 in Permian (NM), by +2 in Permian (TX) and b.....
NGL MARKET RECAP
| November 25, 2020
November 25, 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
| November 24, 2020
November 24, 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. For the week November 19, 2020, LCMC 4-wk NG storage estimate: -21, -5, -73, -117. Total -216 vs -223 LY and -244 5-yr avg. This week by region: E: -14; MW: -9; MTN: +0; PAC: +1; SC: +1 (S: +3, NS: -2). 4 analysts reported on BBG with an average of +3. Total net exports averaged 10.77 bcf/.....
CFTC COT
| November 20, 2020
November 20, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 17. 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 and gasoil , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas fell by -29.0k to +366.8k in futures and decreased by -25.....
NORTH AMERICAN RIG WATCH
| November 20, 2020
November 20, 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 307 active rigs as of November 20, 2020, lower by -2 from the previous week. Oil rigs decreased by -5 to 231 (ht: +2; vt-dir: -7), and gas-directed rigs increased by +3 to 76 (ht: +3; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (NM), by +2 in Permian (TX) and by +1 in Eagle Ford (TX), while d.....
EIA NG STORAGE REPORT
| November 19, 2020
November 19, 2020
Dear , The EIA reported a +31 bcf build for the reference week , 4 bcf greater than our call of +27 bcf and 11 bcf greater than the Bloomberg median of +20 bcf. Earlier this week, the EIA released its preliminary findings of the 2018 Commercial Buildings Energy Consumption Survey (CBECS). From this, we see that more than half of commercial square footage risks facing covid-related usage restrictions. Our models are currently showing activity of: -25, -19, -51, -96 bcf over the next four weeks f.....