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-.....
CFTC COT
| February 26, 2021
February 26, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 23. 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 , but decreased in natural gas, WTI, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas declined by -2.7k to +389.4k in futures and decreased by -15.....
U.S. COAL DELIVERIES TO POWER PLANTS
| February 26, 2021
March 2021
Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through December 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
| February 26, 2021
February 26, 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 401 active rigs as of February 26, 2021, higher by +5 from the previous week. Oil rigs increased by +4 to 309 (ht: +1; vt-dir: +3), and gas-directed rigs increased by +1 to 92 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (TX), while declining by -1 in Monterey (CA) and by -1 in Other .....
EIA NG STORAGE REPORT
| February 25, 2021
February 25, 2021
Dear , The EIA reported a -338 bcf withdrawal, 8 bcf less than our call of -346 bcf and 4 bcf more than the Bloomberg median of -334 bcf. As we shift our focus to the summer, we also wish to highlight a few key takeaways from earnings calls which lead us to believe that production (or at least production capacity) may surprise us to the upside in the injection season. Our models are currently showing storage activity of: -143, -62, -56, -51 bcf over the next four weeks for a total of -312 bcf, .....
NGL MARKET RECAP
| February 24, 2021
February 24, 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
| February 23, 2021
February 23, 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 the issues US Gulf Coast LNG facilities faced during last week's winter storm and their differing rates of return to full utilization. For the week ending February 18, 2021, LCMC 4-wk NG storage estimate: -346, -161, -89, -93. Total -689 vs -335 LY and -344.....
CFTC COT
| February 19, 2021
February 19, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 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 natural gas, WTI, Brent and heating oil , but decreased in gasoline and gasoil during the reference week. Non-commercials net length in natural gas grew by +4.4k to +392.1k in futures and rose by +13.3k to.....
NORTH AMERICAN RIG WATCH
| February 19, 2021
February 19, 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 396 active rigs as of February 19, 2021, unchanged from the previous week. Oil rigs decreased by -1 to 305 (ht: +1; vt-dir: -2), and gas-directed rigs increased by +1 to 91 (ht: unch; vt-dir: +1). Horizontal oil rigs increased by +1 in Bakken (ND) and by +1 in Permian (TX), while declining by -1 in Permian (NM.....
EIA NG STORAGE REPORT
| February 19, 2021
February 18, 2021
Dear , The EIA reported a -237 bcf withdrawal, 1 bcf less than our call of -238 bcf and 15 bcf less than the Bloomberg median of -252 bcf. We wish to reign in our excitement about a close call of the EIA’s reported withdrawal on account of two factors... When it comes to playing a blame game, numbers and stats can help us make any case we wish. For example, we can highlight that between Monday and Wednesday (inclusive), natural gas reached its highest share (65+%) of ERCOT power generation in at.....