NORTH AMERICAN RIG WATCH
| July 12, 2024
July 12, 2024
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 578 active rigs as of July 12, 2024, lower by -2 from the previous week. Oil rigs decreased by -1 to 478 (ht: unch; vt-dir: -1), and gas-directed rigs decreased by -1 to 100 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Permian (TX), while declining by -1 in Eagle .....
EIA NG STORAGE REPORT
| July 11, 2024
July 11, 2024
Dear , The EIA reported a +65 bcf injection for the week ending July 4, 3 bcf more than our prediction of +62 bcf and 7 bcf larger than Bloomberg’s median estimate of +58 bcf. Our models are currently showing storage activity of +30, +12, +7, +26, +29 and +37 bcf over the next six weeks for a total of +141 bcf, compared to +162 bcf for the same period last year and the five-year average of +235 bcf.
NGL MARKET RECAP
| July 10, 2024
July 10, 2024
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.
SPECTRUM
| July 09, 2024
July 09, 2024
Dear , Please find below the link to this week's detailed inventory forecast, our 6-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending July 4, 2024: LCMC 6-wk NG storage estimate: +62, +31, +4, +13, +36, and +38 bcf. Total +184 bcf vs +196 bcf LY and +250 bcf 5-yr avg. This week by region: E: +23; MW: +21, MTN: +5, PAC: +6; SC: +7 (S: +1, NS: +6). There are currently 3 analysts reporting on Bloomberg w.....
CFTC COT
| July 08, 2024
July 08, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 02. 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 and heating oil , but decreased in natural gas, WTI, gasoline and gasoil during the reference week. Non-commercials net length in natural gas decreased by -22.8k to +42.4k in futures and fe.....
NORTH AMERICAN RIG WATCH
| July 05, 2024
July 05, 2024
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 580 active rigs as of July 05, 2024, higher by +4 from the previous week. Oil rigs were unchanged at 479 (ht: -3; vt-dir: +3), and gas-directed rigs increased by +4 to 101 (ht: +2; vt-dir: +2). Horizontal oil rigs increased by +1 in Eagle Ford (TX), while declining by -2 in Permian (TX), by -1 in Permian (NM.....
EUROPEAN NG TRADE
| July 05, 2024
July 05, 2024
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.
EIA NG STORAGE REPORT
| July 03, 2024
July 03, 2024
Dear , The EIA reported a +32 bcf injection for the week ending June 27, 2 bcf more than our prediction of +30 bcf and 1 bcf larger than Bloomberg’s median estimate of +31 bcf. Our models are currently showing storage activity of +63, +36, +27, +33, +32 and +34 bcf over the next six weeks for a total of +226 bcf, compared to +196 bcf for the same period last year and the five-year average of +250 bcf.
NGL MARKET RECAP
| July 03, 2024
July 03, 2024
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.
CFTC COT
| June 28, 2024
June 28, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 25. 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 gasoil , but decreased in Brent and heating oil during the reference week. Non-commercials net length in natural gas rose by +2.0k to +65.3k in futures and grew by .....