EIA NG STORAGE REPORT
| October 22, 2020
October 22, 2020
Dear , The EIA reported a +49 bcf build for the reference week , 2 bcf higher than our call of +47 bcf and 3 bcf lower than the Bloomberg median of +52 bcf. We were surprised with EQT’s operational activity during 3Q20, in particular the number of PA Marcellus horizontal wells that were Turned-In-Line (TIL) during 3Q20. This could be interpreted in two ways... Our models are currently showing injections of: +33, -7, -21, -34 bcf over the next four weeks for a total of -29 bcf, compared to +84 b.....
NGL MARKET RECAP
| October 21, 2020
October 21, 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
| October 20, 2020
October 20, 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 upcoming earnings calls we will be following to inform our view on the Western Canadian market. For the week October 15, 2020, LCMC 4-wk NG storage estimate: +47, +25, -11, -27. Total +34 vs +242 LY and +227 5-yr avg. This week by region: E: +14; MW: +2.....
CFTC COT
| October 16, 2020
October 16, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended October 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 and Brent , but decreased in WTI, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas increased by +18.2k to +389.9k in futures and grew by +20......
NORTH AMERICAN RIG WATCH
| October 16, 2020
October 16, 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 279 active rigs as of October 16, 2020, higher by +13 from the previous week. Oil rigs increased by +12 to 205 (ht: +6; vt-dir: +6), and gas-directed rigs increased by +1 to 74 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +3 in Eagle Ford (TX), by +1 in Anadarko (OK), by +1 in Bakken (ND) and by +3.....
EIA NG STORAGE REPORT
| October 15, 2020
October 15, 2020
Dear , The EIA reported a +46 bcf build for the reference week , 2 bcf lower than our call of +48 bcf and 5 bcf lower than the Bloomberg median of +51 bcf. Two weeks ago in our forward balances, we published the smallest October injection followed by the largest November draw on storage inventories in the last 5 years. The size of the deviation from the recent historical average is something we wish to draw attention to, however we add a note of caution to our forward looking weekly estimates. O.....
NGL MARKET RECAP
| October 15, 2020
October 15, 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
| October 13, 2020
October 13, 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 damages caused by Hurricane Delta and the path to recovery for Southwest Louisiana. For the week October 8, 2020, LCMC 4-wk NG storage estimate: +48, +50, +18, -2. Total +114 vs +332 LY and +281 5-yr avg. This week by region: E: +15; MW: +21; MTN: +5; P.....
CFTC COT
| October 09, 2020
October 9, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended October 06. 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 and heating oil , but decreased in WTI, Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas grew by +29.3k to +371.8k in futures and increased by +36......
NORTH AMERICAN RIG WATCH
| October 09, 2020
October 9, 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 266 active rigs as of October 09, 2020, higher by +3 from the previous week. Oil rigs increased by +4 to 193 (ht: +4; vt-dir: unch), and gas-directed rigs decreased by -1 to 73 (ht: unch; vt-dir: -1). Horizontal oil rigs increased by +1 in Eagle Ford (TX), by +1 in Permian (NM), by +1 in Permian (TX) and by .....