CFTC COT
| July 06, 2020
Commitments of Traders Report – July 06, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 30. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in Brent and gasoil , but decreased in natural gas, WTI, gasoline and heating oil during the reference week. Non-commercials net length in natural gas grew by +5.4k to +139.0k in futures and decreased by -5.5k to.....
EIA NG STORAGE REPORT
| July 02, 2020
July 2, 2020
Dear , The EIA reported an +65 bcf injection into inventories for the reference week, 7 bcf lower than our call of +72 bcf and 8 bcf higher than the Bloomberg median of +73 bcf. We have been talking about wellbore (virtual) storage for a few years now, and theory will meet practice this fall and early winter. We previously used a car analogy (AMG E63S Station Wagon) to explain the productive capacity of US gas shale plays – we’ll need to “floor it” as peak winter months approach.
NORTH AMERICAN RIG WATCH
| July 02, 2020
July 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 261 active rigs as of July 02, 2020, lower by -2 from the previous week. Oil rigs decreased by -3 to 185 (ht: -6; vt-dir: +3), and gas-directed rigs increased by +1 to 76 (ht: +2; vt-dir: -1). Horizontal oil rigs decreased by -3 in Permian (NM) and by -3 in Permian (TX). Horizontal gas rigs increased by +1 in .....
NGL MARKET RECAP
| July 01, 2020
July 01, 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
| June 30, 2020
June 30, 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 June 25, 2020, LCMC 4-wk NG storage estimate: +72, +54, +42, +50. Total +218 vs +286 LY and +234 5-yr avg. This week by region: E: +22; MW: +24; MTN: +7; PAC: +6; SC: +13 (S:-2, NS: +15). BBG avg of 2 analysts at +78 bcf. Total net exports averaged 5.59 bcf/d, unchanged.....
U.S. COAL DELIVERIES TO POWER PLANTS
| June 30, 2020
July 2020
Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through April 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.
CFTC COT
| June 26, 2020
June 26, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 23. 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 and gasoil , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas declined by -7.5k to +133.6k in futures and fell by -8.1k to .....
NORTH AMERICAN RIG WATCH
| June 26, 2020
June 26, 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 June 26, 2020, lower by -1 from the previous week. Oil rigs decreased by -1 to 188 (ht: -4; vt-dir: +3), and gas-directed rigs were unchanged at 75 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), while declining by -1 in Permian (NM), by -1 in Permian (TX) .....
EIA NG STORAGE REPORT
| June 25, 2020
June 25, 2020
Dear , The EIA reported an +120 bcf injection into inventories for the reference week, 6 bcf higher than our call of +114 bcf and 11 bcf higher than the Bloomberg median of +109 bcf. “Only when the tide goes out do you discover who’s been swimming naked” (Warren Buffet). We believe that high gas-fired power generation numbers in the previous weeks have been masking the extent of the demand destruction caused by the global pandemic. This week, the tide went out.
NGL MARKET RECAP
| June 24, 2020
June 24, 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.