U.S. COAL DELIVERIES TO POWER PLANTS
| January 01, 2021
December 31, 2020
Dear , Please find below the link to U.S. Coal Deliveries to Electric Power Plants with data through October 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
| January 01, 2021
December 30, 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 350 active rigs as of December 31, 2020, higher by +3 from the previous week. Oil rigs increased by +3 to 267 (ht: +4; vt-dir: -1), and gas-directed rigs were unchanged at 83 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (TX), by +1 in Anadarko (OK) and by +1 in Bakken (ND). Canad.....
EIA NG STORAGE REPORT
| December 31, 2020
December 31, 2020
Dear , The EIA reported a -114 bcf withdrawal, 7 bcf less than our call of -121 bcf and 14 bcf less than the Bloomberg median of -128 bcf. We believe that at least some looseness in this week's number can be attributed to the ‘holiday effect’, as the draw encompasses the lead up to and part of the Christmas Day holiday. However, even with generous leeway, this week’s number is not as tight as the previous 2 weeks would suggest. As for our own estimate, while it may have underappreciated the holi.....
NGL MARKET RECAP
| December 30, 2020
December 30, 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
| December 29, 2020
December 29, 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 commentary discusses the market dynamics leading to last week's large withdrawal from Western Canadian inventories and how that trend is likely to continue. For the week ending December 24, 2020, LCMC 4-wk NG storage estimate: -121, -149, -117, -137. Total -524 vs -323 LY and -.....
CFTC COT
| December 29, 2020
December 29, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 22. 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 and gasoil , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas decreased by -3.5k to +305.8k in futures and declined by .....
NORTH AMERICAN RIG WATCH
| December 24, 2020
December 24, 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 347 active rigs as of December 23, 2020, higher by +3 from the previous week. Oil rigs increased by +1 to 264 (ht: unch; vt-dir: +1), and gas-directed rigs increased by +2 to 83 (ht: +2; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Permian (TX), while declining by -1 in Perm.....
EIA NG STORAGE REPORT
| December 23, 2020
December 23, 2020
Dear , The EIA reported a -152 bcf withdrawal, 4 bcf less than our call of -156 bcf and 11 bcf below the Bloomberg median of -163 bcf. The sum of our East and Midwest was quite close, with remaining regions off by small amounts. To our surprise, Y/Y surpluses in the East and Midwest have remained relatively stable since mid-November at 38 bcf and 76 bcf, respectively. We had previously noted that the final two weeks of December were going to be important for two reasons: First, it was going to p.....
NGL MARKET RECAP
| December 23, 2020
December 23, 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
| December 22, 2020
December 22, 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 commentary discusses the changing relationship of the Rockies Express Pipeline with Pacific and Midwest markets as well as the recently completed Cheyenne Hub Enhancement Project. For the week ending December 17, 2020, LCMC 4-wk NG storage estimate: -156, -141, -183, -211. Tota.....