NGL MARKET RECAP
| November 18, 2020
November 18, 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 17, 2020
November 17, 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 presents DFO and RFO fuel switching capabilities relevant to the upcoming winter. For the week November 12, 2020, LCMC 4-wk NG storage estimate: +27, -42, -22, -58. Total -95 vs -192 LY and -162 5-yr avg. This week by region: E: +13; MW: +14; MTN: -3; PAC: -4; SC: +7.....
CFTC COT
| November 16, 2020
November 16, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 10. 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, heating oil and gasoil , but decreased in natural gas during the reference week. Non-commercials net length in natural gas declined by -8.9k to +395.8k in futures and decreased by -10.....
EIA NG STORAGE REPORT
| November 13, 2020
November 13, 2020
Dear , The EIA reported a +8 bcf build for the reference week , 12 bcf greater than our call of -4 bcf and 11 bcf greater than the Bloomberg median of -3 bcf. In addition to volumetric information, recent mine level data reveals a new dynamic between mines and coal plants. Given this evolving dynamic as the coal market gets “thinner”, break-even models for gas-to-coal switching may become less accurate, including this winter. Our models are currently showing activity of: +19, -57, -67, -91 bcf .....
NORTH AMERICAN RIG WATCH
| November 13, 2020
November 13, 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 309 active rigs as of November 13, 2020, higher by +12 from the previous week. Oil rigs increased by +10 to 236 (ht: +7; vt-dir: +3), and gas-directed rigs increased by +2 to 73 (ht: +1; vt-dir: +1). Horizontal oil rigs increased by +3 in Permian (NM), by +2 in Permian (TX), by +1 in Anadarko (OK) and by +1 in.....
NGL MARKET RECAP
| November 13, 2020
November 13, 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 10, 2020
November 10, 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 presents the highlights from the earnings calls of selected Canadian producers that reported over the past few days. For the week November 5, 2020, LCMC 4-wk NG storage estimate: -4, +29, -33, -65. Total -73 vs -123 LY and -69 5-yr avg. This week by region: E: -7; MW.....
CFTC COT
| November 06, 2020
November 6, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 03. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in heating oil , but decreased in natural gas, WTI, Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas declined by -23.3k to +404.7k in futures and decreased by -2.....
NORTH AMERICAN RIG WATCH
| November 06, 2020
November 6, 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 297 active rigs as of November 06, 2020, higher by +4 from the previous week. Oil rigs increased by +5 to 226 (ht: +5; vt-dir: unch), and gas-directed rigs decreased by -1 to 71 (ht: unch; vt-dir: -1). Horizontal oil rigs increased by +3 in Eagle Ford (TX) and by +2 in Permian (NM). Horizontal gas rigs increas.....
EIA NG STORAGE REPORT
| November 05, 2020
November 5, 2020
Dear , The EIA reported a -36 bcf build for the reference week , 2 bcf greater than our call of -34 bcf and 5 bcf greater than the Bloomberg median of -31 bcf. As of this morning, the GWHDD estimate for the month of November has dropped to 471 GWHDDs, so far setting the month up to be 2nd mildest November (behind 2016) in the past 10 years. Our models are currently showing activity of: -4, +27, -31, -69 bcf over the next four weeks for a total of -77 bcf, compared to -123 bcf for the same perio.....