CFTC COT
| May 14, 2021
May 14, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 11. 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 and gasoil , but decreased in natural gas, WTI, Brent and gasoline during the reference week. Non-commercials net length in natural gas fell by -9.6k to +208.9k in futures and declined by -6.6k to +.....
NORTH AMERICAN RIG WATCH
| May 14, 2021
May 14, 2021
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 452 active rigs as of May 14, 2021, higher by +5 from the previous week. Oil rigs increased by +8 to 352 (ht: +4; vt-dir: +4), and gas-directed rigs decreased by -3 to 100 (ht: -2; vt-dir: -1). Horizontal oil rigs increased by +2 in Permian (TX), by +1 in Anadarko (OK) and by +1 in Other areas not associated w.....
EIA NG STORAGE REPORT
| May 13, 2021
May 13, 2021
Dear , The EIA reported a +71 bcf injection, 9 bcf less than our call of +80 bcf and 2 bcf less than the Bloomberg median of +73 bcf. The EIA reclassified 4 bcf of working gas inventory to base gas inventory in the South Central Non Salt region, resulting in an implied net flow of +75 bcf. Our models are currently showing storage activity of: +71, +118, +109, +96 bcf over the next four weeks for a total of +394 bcf, compared to +386 bcf for the same period last year and the five-year average of.....
NGL MARKET RECAP
| May 12, 2021
May 12, 2021
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. 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
| May 11, 2021
May 11, 2021
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 May 6, 2021, LCMC 4-wk NG storage estimate: +80, +68, +109, +108. Total +365 vs +396 LY and +355 5-yr avg. This week by region: E: +16; MW: +20; MTN: +7, PAC: +11; SC: +26 (S: +7, NS: +19). 4 analysts reported on BBG with an average of +74 bcf. Total net exports average.....
CFTC COT
| May 07, 2021
May 7, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 04. 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 and gasoline , but decreased in Brent, heating oil and gasoil during the reference week. Non-commercials net length in natural gas rose by +5.7k to +218.5k in futures and increased by +14.2k to.....
NORTH AMERICAN RIG WATCH
| May 07, 2021
May 7, 2021
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 447 active rigs as of May 07, 2021, higher by +9 from the previous week. Oil rigs increased by +2 to 344 (ht: +4; vt-dir: -2), and gas-directed rigs increased by +7 to 103 (ht: +6; vt-dir: +1). Horizontal oil rigs increased by +6 in Permian (TX) and by +1 in Monterey (CA), while declining by -2 in Eagle Ford (.....
EIA NG STORAGE REPORT
| May 06, 2021
May 6, 2021
Dear , The EIA reported a +60 bcf injection, 1 bcf greater than our call of +59 bcf and 5 bcf greater than the Bloomberg median of +65 bcf. Using the recently released 2018 EIA Manufacturing Energy Consumption Survey (MECS), we wanted to estimate the effect of supply chain disruptions in the automotive industry on industrial gas demand. Our models are currently showing storage activity of: +79, +62, +102, +97 bcf over the next four weeks for a total of +340 bcf, compared to +396 bcf for the sam.....
NGL MARKET RECAP
| May 05, 2021
May 05, 2021
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. 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
| May 04, 2021
May 4, 2021
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 April 29, 2021, LCMC 4-wk NG storage estimate: +59, +83, +64, +97. Total +303 vs +396 LY and +339 5-yr avg. This week by region: E: +11; MW: +15; MTN: +5, PAC: +6; SC: +22 (S: +5, NS: +17). 5 analysts reported on BBG with an average of +66 bcf. Total net exports average.....