EIA NG STORAGE REPORT
| October 08, 2020
October 8, 2020
Dear , The EIA reported a +75 bcf build for the reference week , 4 bcf higher than our call of +71 bcf and 3 bcf higher than the Bloomberg median of +72 bcf. In this commentary, we aim to address the potential downside risks Hurricane Delta brings to Henry Hub cash prices and the November contract. Our models are currently showing injections of: +47, +65, +31, +12 bcf over the next four weeks for a total of +155 bcf, compared to +332 bcf for the same period last year and the five-year average o.....
NGL MARKET RECAP
| October 07, 2020
October 07, 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 06, 2020
October 6, 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 recent developments in the Mexican natural gas markets, including the operational start of two pipeline infrastructure projects. For the week October 1, 2020, LCMC 4-wk NG storage estimate: +71, +58, +65, +37. Total +231 vs +385 LY and +315 5-yr avg. This w.....
CFTC COT
| October 02, 2020
October 2, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 29. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline, heating oil and gasoil , but decreased in natural gas, WTI and Brent during the reference week. Non-commercials net length in natural gas grew by +4.7k to +342.5k in futures and decreased by -6......
NORTH AMERICAN RIG WATCH
| October 02, 2020
October 2, 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 263 active rigs as of October 02, 2020, higher by +5 from the previous week. Oil rigs increased by +6 to 189 (ht: +6; vt-dir: unch), and gas-directed rigs decreased by -1 to 74 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (NM), by +1 in Bakken (ND), by +1 in Permian (TX) and by +1 in .....
EIA NG STORAGE REPORT
| October 01, 2020
October 1, 2020
Dear , The EIA reported a +76 bcf build for the reference week , equal to our call as well as the Bloomberg median. We believe that the current weakness in cash is due to the way storage field operators manage the risk of congestion. With at least one month of injections remaining and an additional 250+ bcf expected to be put underground, operators are very selective in the way they make the limited remaining space available to customers (salts & non-salts). They also want to preserve their quic.....
NGL MARKET RECAP
| September 30, 2020
September 30, 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.
U.S. COAL DELIVERIES TO POWER PLANTS
| September 29, 2020
October 2020
Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through July 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.
SPECTRUM
| September 29, 2020
September 29, 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 ending September 24, 2020, LCMC 4-wk NG storage estimate: +76, +73, +62, +65. Total +276 vs +405 LY and +326 5-yr avg. This week by region: E: +16; MW: +26; MTN: +5; PAC: +5; SC: +24 (S:+9, NS: +15). BBG avg of 4 analysts at +78 bcf. Total net exports averaged 8.29 bcf/d, down.....
CFTC COT
| September 25, 2020
September 25, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 22. 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 gasoil , but decreased in gasoline and heating oil during the reference week. Non-commercials net length in natural gas fell by -10.7k to +337.8k in futures and increased by +1.....