SPECTRUM | June 23, 2020

June 23, 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 18, 2020, LCMC 4-wk NG storage estimate: +114, +78, +61, +55. Total +308 vs +345 LY and +269 5-yr avg. This week by region: E: +31; MW: +30; MTN: +7; PAC: +10; SC: +36 (S:+13, NS: +23). BBG avg of 3 analysts at +107 bcf. Total net exports averaged 5.54 bcf/d, down .....


CFTC COT | June 19, 2020

June 19, 2020

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 16. 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, gasoline, heating oil and gasoil , but decreased in natural gas and WTI during the reference week. Non-commercials net length in natural gas fell by -33.1k to +141.1k in futures and decreased by -24.9k .....


NORTH AMERICAN RIG WATCH | June 19, 2020

June 19, 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 264 active rigs as of June 19, 2020, lower by -13 from the previous week. Oil rigs decreased by -10 to 189 (ht: -9; vt-dir: -1), and gas-directed rigs decreased by -3 to 75 (ht: -3; vt-dir: unch). Horizontal oil rigs decreased by -5 in Permian (NM), by -1 in Bakken (ND), by -1 in Eagle Ford (TX), by -1 in Perm.....


EIA NG STORAGE REPORT | June 18, 2020

June 18, 2020

Dear , The EIA reported an +85 bcf injection into inventories for the reference week, 3 bcf lower than our call of +88 bcf and 1 bcf higher than the Bloomberg median of +84 bcf. We have been feeling increasingly uncomfortable with some of the estimates our primary data source provides and decided to compare their numbers to those of two other vendors (Figure 1). As the beginning of the injection season pretty much overlaps with restrictions imposed due to Covid-19, we decided to use season-to-da.....


NGL MARKET RECAP | June 17, 2020

June 17, 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 16, 2020

June 16, 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 11, 2020, We are anticipating a +88 bcf injection for Thursday’s natural gas storage report as indicated by our models. E: +21; MW: +30; MTN: +7; PAC: +8; SC: +22 (S:+3, NS: +19). There are currently 2 analysts reporting on Bloomberg with an average of +80 bcf. Ove.....


CFTC COT | June 12, 2020

June 12, 2020

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 09. 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 and heating oil , but decreased in natural gas, gasoline and gasoil during the reference week. Non-commercials net length in natural gas declined by -2.2k to +174.2k in futures and fell by -1.1k to .....


NORTH AMERICAN RIG WATCH | June 12, 2020

June 12, 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 277 active rigs as of June 12, 2020, lower by -5 from the previous week. Oil rigs decreased by -7 to 199 (ht: -7; vt-dir: unch), and gas-directed rigs increased by +2 to 78 (ht: unch; vt-dir: +2). Horizontal oil rigs increased by +1 in Other areas not associated with a specific play, while declining by -3 in P.....


EIA NG STORAGE REPORT | June 11, 2020

June 11, 2020

Dear , The EIA reported an +93 bcf injection into inventories for the reference week, 4 bcf higher than our call of +89 bcf and 1 bcf lower than the Bloomberg median of +94 bcf. This week, we look to the legal challenges faced by the Atlantic Coast Pipeline and Mountain Valley Pipeline projects in light of last week's changes by the Trump Administration and the EPA to regulatory policy. This includes an imminent Supreme Court decision on the future of both projects and Winter 2020/21 balances an.....


NGL MARKET RECAP | June 10, 2020

June 10, 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.