EIA NG STORAGE REPORT
| June 20, 2019
June 20, 2019
The EIA reported a +115 bcf increase in inventories this week. The build was +7 bcf higher than our estimate and +11 bcf higher than the Bloomberg median. Due to independent rounding, the regions totaled 113 bcf making it tricky to properly compare regional misses, despite this, our largest miss was in the South Central, specifically salt cavern storage. The higher than expected injection into Eastern storage is likely partially attributable to an overestimate of power burns in the region. T.....
NGL MARKET RECAP
| June 19, 2019
June 19, 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
| June 18, 2019
June 18, 2019
For the week ending June 13, 2019, We are anticipating a +108 bcf injection for Thursday’s natural gas storage report as indicated by our models. E: +28; MW: +39; MTN : +7; PAC : +8; SC: +26 (S:+1, NS: +25). There are currently 5 analysts reporting on Bloomberg with an average of +108 bcf. Over the next four weeks (incl. this week) we are anticipating +108, +97, +76, +71, for a total of +352 bcf, compared to last year’s+296 bcf and 5-yr average of +295 bcf. Total net exports averaged 5.8.....
CFTC COT
| June 14, 2019
Commitments of Traders Report – June 14, 2019
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 11. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials decreased net length in Brent, gasoline, natural gas, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas declined by -33.4k to -62.2k in futures and fell by -37.4k to -33.0k in futures .....
NORTH AMERICAN RIG WATCH
| June 14, 2019
June 14, 2019
US: Baker Hughes shows 969 active rigs as of June 14, 2019, lower by -6 from the previous week. Oil rigs decreased by -1 to 788 (ht: -2; vt-dir: +1), and gas-directed rigs decreased by -5 to 181 (ht: -1; vt-dir: -4). Horizontal oil rigs increased by +1 in Monterey (CA) and by +2 in Other areas not associated with a specific play, while declining by -3 in Eagle Ford (TX) and by -2 in Permian (TX). Horizontal gas rigs decreased by -1 in Other areas not associated with a specific play. Canada: .....
EIA NG STORAGE REPORT
| June 13, 2019
June 13, 2019
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +102 bcf increase in inventories this week. The build was -5 bcf lower than our estimate and -7 bcf below the Bloomberg median. Making a regional comparison for the misses is somewhat challenging as the individual regional builds add to +104 bcf. That said, our final estimate for the East and Midwest were 1 bcf above the EIA reported mark each, while our Mounta.....
NGL MARKET RECAP
| June 12, 2019
June 12, 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
| June 11, 2019
June 11, 2019
For the week ending June 6, 2019, We are anticipating a +107 bcf injection for Thursday’s natural gas storage report as indicated by our models. E: +27; MW: +34; MTN : +8; PAC : +14; SC: +24 (S:+2, NS: +22). There are currently 5 analysts reporting on Bloomberg with an average of +115 bcf. Over the next four weeks (incl. this week) we are anticipating +107, +103, +92, +70, for a total of +372 bcf, compared to last year’s+337 bcf and 5-yr average of +316 bcf. Total net exports averaged 5......
WEEKLY NG MARKET COMMENTARY
| June 09, 2019
June 9, 2019
NOTE : The Weekly NG Market Commentary will return on June 23, 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 June 6, 2019 (Northeast, Southeast, Midwest and Mountain).
CFTC COT
| June 07, 2019
Commitments of Traders Report – June 07, 2019
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 04. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in heating oil and WTI , but decreased in Brent, gasoline, natural gas and gasoil during the reference week. Non-commercials net length in natural gas declined by -46.3k to -28.1k in futures and decreased by -3.....