NORTH AMERICAN RIG WATCH
| September 25, 2020
September 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 258 active rigs as of September 25, 2020, higher by +6 from the previous week. Oil rigs increased by +4 to 183 (ht: +6; vt-dir: -2), and gas-directed rigs increased by +2 to 75 (ht: +3; vt-dir: -1). Horizontal oil rigs increased by +4 in Permian (TX), by +2 in Eagle Ford (TX) and by +2 in Other areas not assoc.....
EIA NG STORAGE REPORT
| September 24, 2020
September 24, 2020
Dear , The EIA reported a +66 bcf build for the reference week , 6 bcf lower than our call of +72 bcf and 11 bcf lower than the Bloomberg median of +77 bcf. The October contract followed cash down but has made a swift recovery over the last two days as TS Beta turned out to be a non-event in terms of persistent demand destruction... Our models are currently showing injections of: +79, +70, +59, +52 bcf over the next four weeks for a total of +260 bcf, compared to +405 bcf for the same period la.....
NGL MARKET RECAP
| September 23, 2020
September 23, 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
| September 22, 2020
September 22, 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 17, 2020, LCMC 4-wk NG storage estimate: +72, +83, +74, +68. Total +297 vs +410 LY and +331 5-yr avg. This week by region: E: +20; MW: +29; MTN: +4; PAC: +4; SC: +15 (S:+3, NS: +12). BBG avg of 2 analysts at +78 bcf. Total net exports averaged 9.21 bcf/d, up b.....
CFTC COT
| September 18, 2020
September 18, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 15. 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 WTI , but decreased in Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas rose by +34.1k to +348.5k in futures and increased by +3.....
NORTH AMERICAN RIG WATCH
| September 18, 2020
September 18, 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 252 active rigs as of September 18, 2020, higher by +1 from the previous week. Oil rigs decreased by -1 to 179 (ht: +1; vt-dir: -2), and gas-directed rigs increased by +2 to 73 (ht: unch; vt-dir: +2). Horizontal oil rigs increased by +2 in Permian (TX) and by +1 in Bakken (MT), while declining by -2 in Permian.....
SPECTRUM
| September 18, 2020
September 18, 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 252 active rigs as of September 18, 2020, higher by +1 from the previous week. Oil rigs decreased by -1 to 179 (ht: +1; vt-dir: -2), and gas-directed rigs increased by +2 to 73 (ht: unch; vt-dir: +2). Horizontal oil rigs increased by +2 in Permian (TX) and by +1 in Bakken (MT), while declining by -2 in Permian.....
EIA NG STORAGE REPORT
| September 17, 2020
September 17, 2020
Dear , The EIA reported a +89 bcf build for the reference week , 8 bcf higher than our call of +81 bcf and 12 bcf higher than the Bloomberg median of +77 bcf. We believe that the pressure on cash prices yesterday and today is driven by a squeeze on park and loan volumes that are forced to get out of salt facilities with no place to go. Today's commentary contains our thought process and the associated events that led us to that conclusion. Our models are currently showing injections of: +70, +83.....
NGL MARKET RECAP
| September 16, 2020
September 16, 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
| September 15, 2020
September 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. For the week ending September 10, 2020, LCMC 4-wk NG storage estimate: +81, +76, +93, +88. Total +338 vs +390 LY and +321 5-yr avg. This week by region: E: +21; MW: +30; MTN: +4; PAC: +0; SC: +26 (S:+10, NS: +16). BBG avg of 3 analysts at +74 bcf. Total net exports averaged 7.27 bcf/d, up .....