SPECTRUM
| March 24, 2020
March 24, 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: For the week ending March 19, 2020, We are anticipating a -29 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -14; MW: -18; MTN: -5; PAC: -5; SC: +13 (S:+7, NS: +6). There are currently 3 analysts reporting on Bloomberg with an average of -28 bcf. Ov.....
CFTC COT
| March 20, 2020
March 20, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 17. 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 and heating oil , but decreased in Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas rose by +110.4k to -72.6k in futures and grew by +125.8k to .....
NORTH AMERICAN RIG WATCH
| March 20, 2020
March 20, 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 770 active rigs as of March 20, 2020, lower by -20 from the previous week. Oil rigs decreased by -19 to 664 (ht: -16; vt-dir: -3), and gas-directed rigs decreased by -1 to 106 (ht: -1; vt-dir: unch). Horizontal oil rigs decreased by -7 in Permian (TX), by -3 in Permian (NM), by -1 in Eagle Ford (TX) and by -5 .....
EIA NG STORAGE REPORT
| March 20, 2020
[EDITED] March 19, 2020
Note: We edited the report for style and minor wording changes. None of numbers were changed. Both the original and edited copies can be accessed through the links. Dear , The EIA reported a -9 bcf withdrawal from inventories this week, 1 bcf lower than our call of -10 bcf and 4 bcf lower than the Bloomberg median. In this week’s report, we quantify the impact of the Covid-19 pandemic on US natural gas balances based on the experiences of China and Italy. This exercise is built upon the guidel.....
SPECTRUM
| March 17, 2020
March 17, 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: For the week ending March 12, 2020, We are anticipating a -10 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -13; MW: -15; MTN: -2; PAC: -1; SC: +21 (S:+14, NS: +7). There are currently 3 analysts reporting on Bloomberg with an average of -3 bcf. Ov.....
CFTC COT
| March 13, 2020
March 13, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 10. 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 and heating oil , but decreased in WTI, Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas grew by +26.7k to -182.9k in futures and increased by +27.8k.....
NORTH AMERICAN RIG WATCH
| March 13, 2020
March 13, 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 790 active rigs as of March 13, 2020, lower by -1 from the previous week. Oil rigs increased by +1 to 683 (ht: +6; vt-dir: -5), and gas-directed rigs decreased by -2 to 107 (ht: -1; vt-dir: -1). Horizontal oil rigs increased by +4 in Permian (NM), by +1 in Permian (TX) and by +1 in Other areas not associated w.....
EIA NG STORAGE REPORT
| March 12, 2020
March 12, 2020
Dear , The EIA reported a -48 bcf withdrawal from inventories this week, 10 bcf lower than our call of -58 bcf and 7 bcf lower than the Bloomberg median. Over the past few days, we received multiple client inquiries about the impact of lower oil prices on natural gas balances. More specifically, we were asked to quantify potential losses in associated gas volumes as a result of lower oil prices...
NGL MARKET RECAP
| March 11, 2020
March 11, 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
| March 10, 2020
March 10, 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: For the week ending March 10, 2020, We are anticipating a -58 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -28; MW: -21; MTN: -5; PAC: +2; SC: -6 (S:+2, NS: -8). There are currently 4 analysts reporting on Bloomberg with an average of -59 bcf. Ove.....