NORTH AMERICAN RIG WATCH
| July 12, 2019
July 12, 2019
US: Baker Hughes shows 956 active rigs as of July 12, 2019, lower by -6 from the previous week. Oil rigs decreased by -4 to 784 (ht: -6; vt-dir: +2), and gas-directed rigs decreased by -2 to 172 (ht: -2; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Permian (NM) and by +3 in Other areas not associated with a specific play, while declining by -6 in Eagle Ford (TX), by -4 in Permian (TX) and by -1 in Monterey (CA). Horizontal gas rigs increased by +1 in Haynesville.....
EIA NG STORAGE REPORT
| July 11, 2019
July 11, 2019
Please note our extended U.S. and Canada tables covering the withdrawal season are included in the attachment. The EIA reported a +81 bcf increase in inventories this week. The build was -1 bcf lower than our estimate and +3 bcf higher than the Bloomberg median. Regionally, our largest misses were in the South Central and East, we overestimated builds in the East and underestimated South Central non-salt injections. Our early estimate for next week’s number is an injection in the mid-60 bc.....
NGL MARKET RECAP
| July 10, 2019
July 10, 2019
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices and ratios.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| July 09, 2019
July 9, 2019
For the week ending July 4, 2019, We are anticipating a +82 bcf injection for tomorrow’s natural gas storage report as indicated by our models. E: +23; MW: +30; MTN : +7; PAC : +8; SC: +14 (S:-1, NS: +15). There are currently 6 analysts reporting on Bloomberg with an average of +70 bcf. Over the next four weeks (incl. this week) we are anticipating +82, +71, +48, +49, for a total of +250 bcf, compared to last year’s +159 bcf and 5-yr average of +215 bcf. Total net exports averaged 5.79 b.....
CFTC COT
| July 08, 2019
Commitments of Traders Report – July 08, 2019
Please find attached 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, natural gas, gasoil, heating oil and WTI , but decreased in gasoline during the reference week. Non-commercials net length in natural gas rose by +9.9k to -123.7k in futures and increased by +6.2k to .....
WEEKLY NG MARKET COMMENTARY
| July 07, 2019
July 7, 2019
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market and our 4-week storage outlook. Included are the regional balances and flow analysis for the week ending July 4, 2019 (Northeast, Southeast, Midwest, Mountain and Pacific).
EIA NG STORAGE REPORT
| July 03, 2019
July 3, 2019
Please note Canadian charts are not included in this week’s report due to the early EIA release. The EIA reported a +89 bcf increase in inventories this week. The build was +5 bcf higher than our estimate and +5 bcf higher than the Bloomberg median. Our largest misses regionally were in the East and South Central non-salts, with both reporting stronger builds than our models expected. With both our flow and scrape models’ recent track record in the South Central, today’s miss within that.....
NORTH AMERICAN RIG WATCH
| July 03, 2019
July 3, 2019
US: Baker Hughes shows 962 active rigs as of July 03, 2019, lower by -4 from the previous week. Oil rigs decreased by -5 to 788 (ht: -1; vt-dir: -4), and gas-directed rigs increased by +1 to 174 (ht: unch; vt-dir: +1). Horizontal oil rigs increased by +2 in Permian (NM), by +1 in Anadarko (TX) and by +1 in Eagle Ford (TX), while declining by -5 in Anadarko (OK). Horizontal gas rigs increased by +2 in Woodford (Anadarko) and by +1 in Marcellus (WV), while declining by -2 in Haynesville (LA) and .....
NGL MARKET RECAP
| July 03, 2019
July 3, 2019
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices and ratios.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| July 02, 2019
July 2, 2019
For the week ending June 27, 2019, We are anticipating a +84 bcf injection for tomorrow’s natural gas storage report as indicated by our models. E: +24; MW: +31; MTN : +9; PAC : +9; SC: +11 (S:-4, NS: +15). There are currently 7 analysts reporting on Bloomberg with an average of +86 bcf. Over the next four weeks (incl. this week) we are anticipating +84, +72, +60, +56, for a total of +272 bcf, compared to last year’s +204 bcf and 5-yr average of +247 bcf. Total net exports averaged 6.31 .....