NGL MARKET RECAP | June 05, 2024

June 05, 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 04, 2024

June 04, 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 May 30, 2024: LCMC 6-wk NG storage estimate: +87, +77, +80, +19, +29, and +24 bcf. Total +316 bcf vs +501 bcf LY and +486 bcf 5-yr avg. This week by region: E: +30; MW: +27, MTN: +7, PAC: +5; SC: +18 (S: +7, NS: +11). There are currently 5 analysts reporting on Bloomber.....


NORTH AMERICAN RIG WATCH | May 31, 2024

May 31, 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 596 active rigs as of May 31, 2024, unchanged from the previous week. Oil rigs decreased by -1 to 496 (ht: -2; vt-dir: +1), and gas-directed rigs increased by +1 to 100 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +1 in Eagle Ford (TX) and by +3 in Other areas not associated with a specific play,.....


CFTC COT | May 31, 2024

May 31, 2024

Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 28. 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 and heating oil , but decreased in gasoline and gasoil during the reference week. Non-commercials net length in natural gas rose by +27.1k to +84.5k in futures and increase.....


EUROPEAN NG TRADE | May 31, 2024

May 31, 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 | May 30, 2024

May 30, 2024

Dear , The EIA reported a +84 bcf injection for the week ending May 16, 2 bcf more than our prediction of +82 bcf and 6 bcf less than Bloomberg’s median estimate of +78 bcf. Our models are currently showing storage activity of +86, +76, +64, +42, +27 and +22 bcf over the next six weeks for a total of +317 bcf, compared to +501 bcf for the same period last year and the five-year average of +486 bcf.


NGL MARKET RECAP | May 30, 2024

May 30, 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 | May 30, 2024

May 30, 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 May 23, 2024: LCMC 6-wk NG storage estimate: +82, +84, +63, +55, +32, and +19 bcf. Total +335 bcf vs +551 bcf LY and +533 bcf 5-yr avg. This week by region: E: +27; MW: +27, MTN: +6, PAC: +9; SC: +13 (S: +6, NS: +7). There are currently 12 analysts reporting on Bloomber.....


NORTH AMERICAN RIG WATCH | May 28, 2024

May 24, 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 596 active rigs as of May 24, 2024, lower by -4 from the previous week. Oil rigs were unchanged at 497 (ht: -3; vt-dir: +3), and gas-directed rigs decreased by -4 to 99 (ht: -5; vt-dir: +1). Horizontal oil rigs increased by +1 in Permian (NM), while declining by -1 in Anadarko (OK), by -1 in Eagle Ford (TX), b.....


EUROPEAN NG TRADE | May 24, 2024

May 24, 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.