CFTC COT
| March 12, 2021
March 12, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 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, gasoline, heating oil and gasoil , but decreased in natural gas during the reference week. Non-commercials net length in natural gas decreased by -41.0k to +306.1k in futures and fell by -43.7k to.....
NORTH AMERICAN RIG WATCH
| March 12, 2021
March 12, 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 401 active rigs as of March 12, 2021, lower by -1 from the previous week. Oil rigs decreased by -1 to 309 (ht: -1; vt-dir: unch), and gas-directed rigs were unchanged at 92 (ht: +1; vt-dir: -1). Horizontal oil rigs increased by +3 in Anadarko (OK) and by +1 in Permian (TX), while declining by -1 in Bakken (ND).....
EIA NG STORAGE REPORT
| March 11, 2021
March 11, 2021
Dear , The EIA reported a -52 bcf withdrawal, 11 bcf more than our call of -41 bcf and 26 bcf less than the Bloomberg median of -78 bcf. Our four-week forecast implies that storage inventories will reach ~1.7 tcf by the end of March. Barring the materialization of colder weather, the current forecast at this point in the season does not seem to provide much of an upside for increased storage draws. There are however a couple of factors that could support some incremental demand over the next few.....
NGL MARKET RECAP
| March 10, 2021
March 10, 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
| March 09, 2021
March 9, 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. This week's commentary addresses a discrepancy identified between vendor-reported and FERC-reported peak volumes on the Valley Crossing Pipeline that may be the result of the pipeline's unique available capacity reporting method. For the week ending March 4, 2021, LCMC 4-wk NG storage esti.....
CFTC COT
| March 05, 2021
March 5, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 02. 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, heating oil and gasoil , but decreased in natural gas, WTI and gasoline during the reference week. Non-commercials net length in natural gas decreased by -42.3k to +347.1k in futures and fell by -48.5k.....
NORTH AMERICAN RIG WATCH
| March 05, 2021
March 5, 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 402 active rigs as of March 05, 2021, higher by +1 from the previous week. Oil rigs increased by +1 to 310 (ht: +2; vt-dir: -1), and gas-directed rigs were unchanged at 92 (ht: +1; vt-dir: -1). Horizontal oil rigs increased by +3 in Permian (TX), by +1 in Anadarko (TX) and by +3 in Other areas not associated w.....
EIA NG STORAGE REPORT
| March 04, 2021
March 4, 2021
Dear , The EIA reported a -98 bcf withdrawal, 39 bcf less than our call of -137 bcf and 44 bcf less than the Bloomberg median of -142 bcf. Rather than discrediting the EIA’s reported inventory change and wait for a revision (which may or may not come), we will walk through how to find an incremental 30-35 bcf in South Central and then let our readers decide whether such a scenario is probable. Our models are currently showing storage activity of: -55, -48, -49, -13 bcf over the next four weeks .....
NGL MARKET RECAP
| March 03, 2021
March 03, 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
| March 02, 2021
March 2, 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. This week's commentary discusses WhiteWater Midstream's acquisition of Permian storage assets and pipeline developments that will come online by the end of the year. For the week ending February 25, 2021, LCMC 4-wk NG storage estimate: -137, -58, -16, -35. Total -246 vs -216 LY and -275 5-.....