NGL MARKET RECAP
| May 28, 2020
May 28, 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
| May 27, 2020
May 27, 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 a detailed breakdown of Western Canada. For the week ending May 21, 2020, We are anticipating a +100 bcf injection for Thursday’s natural gas storage report as indicated by our models. E: +29; MW: +26; MTN: +7; PAC: +12; SC: +26 (S:+2, NS: +24). There are c.....
CFTC COT
| May 22, 2020
May 22, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 19. 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, heating oil and gasoil , but decreased in natural gas and gasoline during the reference week. Non-commercials net length in natural gas fell by -17.6k to +163.5k in futures and decreased by -18.7k t.....
NORTH AMERICAN RIG WATCH
| May 22, 2020
May 22, 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 316 active rigs as of May 22, 2020, lower by -21 from the previous week. Oil rigs decreased by -21 to 237 (ht: -20; vt-dir: -1), and gas-directed rigs were unchanged at 79 (ht: -2; vt-dir: +2). Horizontal oil rigs decreased by -9 in Permian (TX), by -3 in Eagle Ford (TX), by -3 in Permian (NM), by -2 in Bakken.....
EIA NG STORAGE REPORT
| May 22, 2020
May 21, 2020
Dear , The EIA reported an +81 bcf injection into inventory for the reference week, 2 bcf higher than our call of +81 bcf and 3 bcf lower than the Bloomberg median of +84 bcf. Our updated seasonal balances are included in this week's issue. South Central – the only region where we overestimated builds this week – has a high level of uncertainty in both supply and demand dynamics as the estimates rely on modelling...If the miss was primarily on the supply side, the most likely explanation is th.....
NGL MARKET RECAP
| May 20, 2020
May 20, 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
| May 19, 2020
May 19, 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. Starting next week, we will utilize this space to develop an outlook on US trade. For the week ending May 14, 2020, We are anticipating a +79 bcf injection for Thursday’s natural gas storage report as indicated by our models. E: +14; MW: +20; MTN: +5; PAC: +13; SC: +27 (S:+6, NS: +21). Th.....
CFTC COT
| May 15, 2020
May 15, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 12. 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 and gasoil , but decreased in natural gas, Brent, gasoline and heating oil during the reference week. Non-commercials net length in natural gas fell by -16.8k to +181.1k in futures and declined by -4.5k to .....
NORTH AMERICAN RIG WATCH
| May 15, 2020
May 15, 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 337 active rigs as of May 15, 2020, lower by -35 from the previous week. Oil rigs decreased by -34 to 258 (ht: -31; vt-dir: -3), and gas-directed rigs decreased by -1 to 79 (ht: unch; vt-dir: -1). Horizontal oil rigs decreased by -18 in Permian (TX), by -4 in Bakken (ND), by -4 in Permian (NM), by -3 in Eagle .....
EIA NG STORAGE REPORT
| May 14, 2020
May 14, 2020
Dear , The EIA reported a +103 bcf injection into inventory for the reference week, 7 bcf lower than our call of +110 bcf and 4 bcf lower than the Bloomberg median of +107 bcf. The Bakken is not the only play in the Mountain region where we see falling natural gas production: other liquids-rich formations such as the Niobrara also show declines, but it is not one size fits all. Furthermore, Canadian gas may not be able to fully utilize Northern Border capacity that opens up as a result of declin.....