NORTH AMERICAN RIG WATCH
| June 28, 2024
June 28, 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 576 active rigs as of June 28, 2024, lower by -7 from the previous week. Oil rigs decreased by -6 to 479 (ht: -7; vt-dir: +1), and gas-directed rigs decreased by -1 to 97 (ht: unch; vt-dir: -1). Horizontal oil rigs decreased by -3 in Eagle Ford (TX), by -3 in Permian (TX) and by -1 in Permian (NM). Canada.....
EUROPEAN NG TRADE
| June 28, 2024
June 28, 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
| June 27, 2024
June 27, 2024
Dear , The EIA reported a +52 bcf injection for the week ending June 20, 1 bcf lower than our prediction of +53 bcf and 2 bcf smaller than Bloomberg’s median estimate of +54 bcf. Our models are currently showing storage activity of +30, +35, 0, +20, +23 and +22 bcf over the next six weeks for a total of +130 bcf, compared to +238 bcf for the same period last year and the five-year average of +277 bcf.
NGL MARKET RECAP
| June 26, 2024
June 26, 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
| June 25, 2024
June 25, 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 June 20, 2024: LCMC 6-wk NG storage estimate: +53, +24, +44, +18, +20, and +12 bcf. Total +171 bcf vs +295 bcf LY and +324 bcf 5-yr avg. This week by region: E: +12; MW: +20, MTN: +6, PAC: +5; SC: +10 (S: unch, NS: +10). There are currently 3 analysts reporting on Bloom.....
CFTC COT
| June 24, 2024
June 24, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 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, WTI, Brent, heating oil and gasoil , but decreased in gasoline during the reference week. Non-commercials net length in natural gas declined by -2.6k to +63.3k in futures and grew by.....
NORTH AMERICAN RIG WATCH
| June 21, 2024
June 21, 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 583 active rigs as of June 21, 2024, lower by -3 from the previous week. Oil rigs decreased by -3 to 485 (ht: -2; vt-dir: -1), and gas-directed rigs were unchanged at 98 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +1 in Bakken (ND), while declining by -1 in Bakken (MT), by -1 in Eagle Ford (TX.....
EUROPEAN NG TRADE
| June 21, 2024
June 21, 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
| June 21, 2024
June 21, 2024
Dear , The EIA reported a +71 bcf injection for the week ending June 13, 1 bcf higher than our prediction of +70 bcf and 2 bcf more than Bloomberg’s median estimate of +69 bcf. Our models are currently showing storage activity of +53, +19, +16, +13, +15 and +8 bcf over the next six weeks for a total of +125 bcf, compared to +295 bcf for the same period last year and the five-year average of +324 bcf.
NGL MARKET RECAP
| June 20, 2024
June 20, 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.