SPECTRUM
| June 09, 2020
June 9, 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. This week's report includes analysis the administration's and EPA's recent moves to clarify and interpret existing climate policy, and lays the groundwork for how this will affect natural gas infrastructure projects. For the week ending June 4, 2020, We are anticipating a +89 bcf injection.....
CFTC COT
| June 05, 2020
June 5, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 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 natural gas, heating oil and gasoil , but decreased in WTI, Brent and gasoline during the reference week. Non-commercials net length in natural gas rose by +9.5k to +176.4k in futures and grew by +26.0k to +27.....
NORTH AMERICAN RIG WATCH
| June 05, 2020
June 5, 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 282 active rigs as of June 05, 2020, lower by -17 from the previous week. Oil rigs decreased by -16 to 206 (ht: -16; vt-dir: unch), and gas-directed rigs decreased by -1 to 76 (ht: -2; vt-dir: +1). Horizontal oil rigs increased by +1 in Anadarko (OK), while declining by -8 in Eagle Ford (TX), by -4 in Permian .....
EIA NG STORAGE REPORT
| June 04, 2020
June 4, 2020
Dear , The EIA reported an +102 bcf injection into inventories for the reference week, 2 bcf lower than our call of +104 bcf and 9 bcf lower than the Bloomberg median of +111 bcf. The Atlanta Fed’s GDPNow shows a -53.8% GDP growth estimate for 2Q20, which points to a more severe contraction than consensus expectation. We simply believe that the depth as well as the deviation from the consensus makes this a plastic deformation in terms of the economic cycles and it will take a while to climb out .....
NGL MARKET RECAP
| June 03, 2020
June 03, 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 02, 2020
June 2, 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. This week's report also includes analysis of the Canadian Energy Regulator's decision to delay approval of the TC Energy's NOVA 2021 pipeline expansion, and how that decision will affect dynamics on NOVA and the WCSB. For the week ending May 28, 2020, We are anticipating a +104 bcf injecti.....
CFTC COT
| May 29, 2020
May 29, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 26. 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, heating oil and gasoil , but decreased in natural gas, Brent and gasoline during the reference week. Non-commercials net length in natural gas rose by +3.4k to +166.9k in futures and fell by -14.4k to +245.....
U.S. COAL DELIVERIES TO POWER PLANTS
| May 29, 2020
June 2020
Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through March 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.
NORTH AMERICAN RIG WATCH
| May 29, 2020
May 29, 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 299 active rigs as of May 29, 2020, lower by -17 from the previous week. Oil rigs decreased by -15 to 222 (ht: -13; vt-dir: -2), and gas-directed rigs decreased by -2 to 77 (ht: -1; vt-dir: -1). Horizontal oil rigs increased by +1 in Anadarko (TX) and by +1 in Other areas not associated with a specific play, w.....
EIA NG STORAGE REPORT
| May 28, 2020
May 28, 2020
Dear , The EIA reported an +109 bcf injection into inventory for the reference week, 9 bcf higher than our call of +100 bcf and 5 bcf higher than the Bloomberg median of +104 bcf. Our misses this week in the East and Midwest regions were larger than we would enjoy, however we were weary of weeks like this coming (as we mentioned on Tuesday) as our balancing items in both regions have grown since April... Our models are currently showing injections of: +103, +108, +82, +79 bcf over the next four .....