EIA NG STORAGE REPORT
| November 27, 2019
November 27, 2019
Good afternoon , The EIA reported a -28 bcf decrease in inventories this week even though the sum of individual components point to a larger draw. We were concerned about the range of estimates our models provided yesterday: various methodologies provided a range from -46 bcf to -23 bcf, with the regional and flow models setting the two extremes, respectively. A wide range is somewhat expected during weeks of abrupt changes in weather – hence demand – patterns, but this instance presented record.....
NORTH AMERICAN RIG WATCH
| November 27, 2019
November 27, 2019
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 799 active rigs as of November 27, 2019, lower by -1 from the previous week. Oil rigs decreased by -3 to 668 (ht: +2; vt-dir: -5), and gas-directed rigs increased by +2 to 131 (ht: unch; vt-dir: +2). Horizontal oil rigs increased by +1 in Eagle Ford (TX) and by +2 in Other areas not associated with a specific .....
NGL MARKET RECAP
| November 27, 2019
November 27, 2019
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.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| November 26, 2019
November 26, 2019
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 November 21, 2019, We are anticipating a -34 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -18; MW: -16; MTN: -1; PAC: +1; SC: 0 (S:+3, NS: -3). There are currently 4 analysts reporting on Bloomberg with an average of -27 bcf. Over the next four weeks (incl. this week) we are anticipa.....
CFTC COT
| November 22, 2019
November 22, 2019
Dear , Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 19. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline and WTI , but decreased in Brent, natural gas, gasoil and heating oil during the reference week. Non-commercials net length in natural gas declined by -42.4k to -79.4k in futures and decrea.....
NORTH AMERICAN RIG WATCH
| November 22, 2019
November 22, 2019
Dear , 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 800 active rigs as of November 22, 2019, lower by -3 from the previous week. Oil rigs decreased by -3 to 671 (ht: -3; vt-dir: unch), and gas-directed rigs were unchanged at 129 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +2 in Eagle Ford (TX), by +1 in Bakken (MT) and by +1 in Permian (TX.....
EIA NG STORAGE REPORT
| November 21, 2019
November 21, 2019
Good afternoon , The EIA reported a -94 bcf decrease in inventories this week. The draw was 4 bcf above our expectations, and 4 bcf greater than the Bloomberg median. Regionally, the interruption of the East/Midwest gas flows due to the Nexus outage (Figure 1) contributed to a large miss in the breakdown but not in the combined volume for the two regions. Our largest miss was in the South Central non-salt fields. The shutdown of the coal-fired Navajo Generating Station earlier this week took 2,2.....
NGL MARKET RECAP
| November 20, 2019
November 20, 2019
Dear, We are excited to introduce our new NGL report. The new version expands on spot prices, spreads/arbitrages as well as ratios. It also adds a new section on Mont Belvieu LST NGL fractionation spreads. The NGL report now consists of six sections: Overview of EIA weekly U.S. Propane/Propylene Statistics Selected NGL Prices, Spreads, Arbitrages, and Ratios Mont Belvieu LST NGL Fractionation Spreads Weekly EIA U.S. Propane/Propylene Inventories by PADDs EIA U.S. Propane/Propylene Inventory proj.....
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| November 19, 2019
November 19, 2019
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 November 14, 2019, We are anticipating a -90 bcf withdrawal for Thursday’s natural gas storage report as indicated by our models. E: -28; MW: -31; MTN: -2; PAC: +2; SC: -31 (S:-16, NS: -15). There are currently 5 analysts reporting on Bloomberg with an average of -88 bcf. Over the next four weeks (incl. this week) we are anti.....
CFTC COT
| November 15, 2019
November 15, 2019
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 12. 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, natural gas, heating oil and WTI , but decreased in gasoline and gasoil during the reference week. Non-commercials net length in natural gas rose by +28.8k to -37.1k in futures and increased by +39......