NORTH AMERICAN RIG WATCH
| March 22, 2019
March 22, 2019
US: Baker Hughes shows 1016 active rigs as of March 22, 2019, lower by -10 from the previous week. Oil rigs decreased by -9 to 824 (ht: -7; vt-dir: -2), and gas-directed rigs decreased by -1 to 192 (ht: unch; vt-dir: -1). Horizontal oil rigs increased by +1 in Bakken (ND), while declining by -3 in Permian (TX), by -2 in Permian (NM), by -1 in Anadarko (OK) and by -2 in Other areas not associated with a specific play. Horizontal gas rigs increased by +2 in Marcellus ( NEPA ), while declining by .....
EIA NG STORAGE REPORT
| March 21, 2019
March 21, 2019
The EIA reported a -47 bcf decrease in inventories this week. This week’s draw was -1 bcf lower than our estimate and -1 bcf below the Bloomberg median. The EIA revised the reported stocks for the week of March 8, 2019 from 1,186 bcf to 1,190 bcf, this caused last week’s reported change in inventory to be revised from a -204 bcf draw to a -200 bcf draw. Our initial estimate for the week ending March 21st is a draw in the 30 bcf range. While our estimate this week was close to the total r.....
NGL MARKET RECAP
| March 20, 2019
March 20, 2019
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| March 19, 2019
March 19, 2019
For the week ending March 14, 2019, We are anticipating a -48 bcf draw for Thursday’s natural gas storage report as indicated by our pipeline scrapes. E: -23; MW: -18; MTN : -4; PAC : -6; SC: +3 (S:+4, NS: -1). There are currently 2 analysts reporting on Bloomberg with an average of -50 bcf. For the next four weeks (incl. this week) we are anticipating draws of: -48, -40, -15, +18 Total net imports averaged -5.47 bcf/d, down by -0.58 bcf/d week-on-week. During the same week last year, U......
WEEKLY NG MARKET COMMENTARY
| March 17, 2019
March 17, 2019
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market. Included are the regional balances for the week ending March 14th, 2019 (Northeast, Southeast, Midwest and Mountain).
CFTC COT
| March 15, 2019
Commitments of Traders Report – March 15, 2019
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 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, gasoline, natural gas and WTI , but decreased in gasoil and heating oil during the reference week. Non-commercials net length in natural gas increased by +15.0k to +193.2k in futures and grew by +20......
NORTH AMERICAN RIG WATCH
| March 15, 2019
March 15, 2019
US: Baker Hughes shows 1026 active rigs as of March 15, 2019, lower by -1 from the previous week. Oil rigs decreased by -1 to 833 (ht: +2; vt-dir: -3), and gas-directed rigs were unchanged at 193 (ht: +1; vt-dir: -1). Horizontal oil rigs increased by +3 in Bakken (ND), by +2 in Permian (NM) and by +3 in Other areas not associated with a specific play, while declining by -4 in Anadarko (OK) and by -2 in Permian (TX). Horizontal gas rigs increased by +1 in Woodford (Arkoma). Canada: Baker Hugh.....
EIA NG STORAGE REPORT
| March 14, 2019
March 14, 2019
The EIA reported a -204 bcf decrease in inventories this week (-205 bcf based on the regional aggregation). This week’s draw was -14 bcf lower than our estimate and -6 bcf below the Bloomberg median. Our miss this week was in two regions: the Midwest, where we overestimated draws by 4 bcf and South Central non-salts where we overestimated the draws by a hefty 8 bcf. While our models weren’t too far off this week’s huge salt draw (the second highest draw in the last 5 years), both our models .....
NGL MARKET RECAP
| March 13, 2019
March 13, 2019
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| March 12, 2019
March 12, 2019
For the week ending March 7, 2019, We are anticipating a -218 bcf draw for Thursday’s natural gas storage report as indicated by our pipeline scrapes. E: -50; MW: -55; MTN : -6; PAC : -10; SC: -97. There are currently 3 analysts reporting on Bloomberg with an average of -210 bcf. For the next four weeks (incl. this week) we are anticipating draws of: -218, -49, -53, -9 Total net imports averaged -4.90 bcf/d, up by +0.37 bcf/d week-on-week. During the same week last year, U.S. net imports.....