NORTH AMERICAN RIG WATCH
| April 17, 2020
April 17, 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 527 active rigs as of April 17, 2020, lower by -73 from the previous week. Oil rigs decreased by -66 to 438 (ht: -57; vt-dir: -9), and gas-directed rigs decreased by -7 to 89 (ht: -5; vt-dir: -2). Horizontal oil rigs decreased by -23 in Permian (TX), by -11 in Eagle Ford (TX), by -7 in Bakken (ND), by -7 in Pe.....
EIA NG STORAGE REPORT
| April 17, 2020
April 16, 2020
Dear , The EIA reported a +73 bcf injection into inventory for the reference week, equal to our call of +73 bcf and 5 bcf higher than the Bloomberg median of +68 bcf. We do not expect life to return to “the old normal” when the country starts reopening (presumably) at the beginning of May...To make an analogy, starting the economy will be similar to a “ black start ” – the process of restoring an electric grid to operation without relying on the external electric power transmission network to r.....
NGL MARKET RECAP
| April 15, 2020
April 15, 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
| April 14, 2020
April 14, 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. Note that our reference week forecast values differ from the implied storage found in the Daily S/D Balances in NG Morning Summary : For the week ending April 9, 2020, We are anticipating a +73 bcf injection for Thursday’s natural gas storage report as indicated by our models. E: +17; MW:.....
CFTC COT
| April 13, 2020
April 13, 2020
Note: This report includes the ICE Brent and Gasoil data not present in Friday's publication. Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 07. 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, WTI, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in.....
CFTC COT
| April 10, 2020
April 10, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 07. 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, WTI, Brent, gasoline and heating oil , and unchanged in gasoil during the reference week. Non-commercials net length in natural gas rose by +22.3k to +27.5k in futures and grew by +12.2k to +106......
EIA NG STORAGE REPORT
| April 10, 2020
April 9, 2020
Dear , The EIA reported a +38 bcf injection into inventory for the reference week, 1 bcf lower than our call of +39 bcf and 9 bcf higher than the Bloomberg median of +29 bcf. A loaf of bread has more energy than a stick of dynamite (5.8 MJ vs. 2.1 MJ), even more than a kilogram of TNT (4.2 MJ), which can obliterate a small vehicle. The main differentiating factor in their deployment is how fast that energy is released (power). The longer it takes to release energy, the less damaging they are t.....
NORTH AMERICAN RIG WATCH
| April 09, 2020
April 9, 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 600 active rigs as of April 09, 2020, lower by -62 from the previous week. Oil rigs decreased by -58 to 504 (ht: -46; vt-dir: -12), and gas-directed rigs decreased by -4 to 96 (ht: -2; vt-dir: -2). Horizontal oil rigs decreased by -21 in Permian (TX), by -7 in Permian (NM), by -5 in Eagle Ford (TX), by -2 in A.....
NGL MARKET RECAP
| April 08, 2020
April 08, 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
| April 07, 2020
April 7, 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. Note that our reference week forecast values differ from the implied storage found in the Daily S/D Balances in NG Morning Summary : For the week ending April 2, 2020, We are anticipating a +39 bcf injection for Thursday’s natural gas storage report as indicated by our models. E: -1; MW:.....