U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| February 25, 2020
February 25, 2020
Dear , Please find below the link to this week's detailed natural gas trade and power sector demand estimates and highlights of reference week balances: For the week ending February 20, 2020, We are anticipating a -158 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -45; MW: -51; MTN: -9; PAC: -5; SC: -48 (S:-18, NS: -30). There are currently 3 analysts reporting on Bloomberg with an average of -158 bcf. Over the next four weeks (incl. this week) we are an.....
CFTC COT
| February 21, 2020
February 21, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 18. 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, gasoline, heating oil and gasoil , but decreased in WTI and Brent during the reference week. Non-commercials net length in natural gas grew by +25.3k to -218.6k in futures and rose by +7.5k to.....
NORTH AMERICAN RIG WATCH
| February 21, 2020
February 21, 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 789 active rigs as of February 21, 2020, higher by +1 from the previous week. Oil rigs increased by +1 to 679 (ht: -1; vt-dir: +2), and gas-directed rigs were unchanged at 110 (ht: +2; vt-dir: -2). Horizontal oil rigs decreased by -1 in Monterey (CA). Horizontal gas rigs increased by +1 in Haynesville (LA) and.....
NGL MARKET RECAP
| February 21, 2020
February 21, 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.
EIA NG STORAGE REPORT
| February 20, 2020
February 20, 2020
Dear , The EIA reported a -151 bcf withdrawal from inventories this week, 2 bcf higher than our call of -149 bcf and 6 bcf higher than the Bloomberg median. Our models are currently showing withdrawals of: -147, -126,-156, -93bcf over the next four weeks for a total of -523bcf, compared to a -595 bcf for the same period last year and the five-year average draw of -403bcf.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| February 19, 2020
February 19, 2020
Dear , Please find below the link to this week's detailed natural gas trade and power sector demand estimates and highlights of reference week balances: For the week ending February 13, 2020, We are anticipating a -149 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -41; MW: -47; MTN: -10; PAC: -6; SC: -45 (S:-17, NS: -28). There are currently 8 analysts reporting on Bloomberg with an average of -145 bcf. Over the next four weeks (incl. this week) we are a.....
CFTC COT
| February 14, 2020
February 14, 2020
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 11. 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, gasoline and heating oil , but decreased in Brent and gasoil during the reference week. Non-commercials net length in natural gas declined by -5.4k to -244.0k in futures and increased by .....
NORTH AMERICAN RIG WATCH
| February 14, 2020
February 14, 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 788 active rigs as of February 14, 2020, higher by +1 from the previous week. Oil rigs increased by +2 to 678 (ht: +3; vt-dir: -1), and gas-directed rigs decreased by -1 to 110 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (TX) and by +2 in Permian (NM), while declining by -1 in Eagle .....
EIA NG STORAGE REPORT
| February 13, 2020
February 13, 2020
Dear , The EIA reported a -115 bcf withdrawal from inventories this week, 1 bcf higher than our call of -114 bcf and 4 bcf higher than the Bloomberg median. Our previous week’s commentary highlighted new petrochemical demand coming online as a potential driver behind stronger than expected withdrawals in the region. Stronger petrochemical and plastics volumes reported in railroad earnings calls supported that hypothesis.
NGL MARKET RECAP
| February 12, 2020
February 12, 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.