WEEKLY NG MARKET COMMENTARY
| September 23, 2018
September 23, 2018
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market. Please note: In the September 9th, 2018 publication of the report the Supply/Demand Highlights section contained a graph that had “El Paso Cornudas” in the legend, this should have instead been labeled “Permian Gas delivered to AZ, NM and CA“. Apologies for any confusion.
CFTC COT
| September 21, 2018
Commitments of Traders Report – September 21, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 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 Brent, gasoline and heating oil , but decreased in natural gas, gasoil and WTI during the reference week. Non-commercials net length in natural gas decreased by -15.6k to +170.0k in futures and declined.....
NORTH AMERICAN RIG WATCH
| September 21, 2018
September 21, 2018
US: Baker Hughes shows 1052 active rigs as of September 21, 2018, lower by -1 from the previous week. Oil rigs decreased by -1 to 866 (ht: -3; vt-dir: +2), and gas-directed rigs were unchanged at 186 (ht: +1; vt-dir: -1). Horizontal oil rigs increased by +5 in Permian (TX) and by +1 in Eagle Ford (TX), while declining by -3 in Anadarko (OK), by -2 in Permian (NM), by -1 in Bakken (ND) and by -3 in Other areas not associated with a specific play. Horizontal gas rigs increased by +1 in Woodford (.....
EIA NG STORAGE REPORT
| September 20, 2018
September 20, 2018
The EIA reported a +86 bcf net build in inventory this week. The injection was both +5 bcf higher than our estimate and the Bloomberg median. The majority of our error is attributable to the strong 30 bcf injection in the East. We can trace most of the error back to our power model, 20/20 hindsight shows a drop of 41 PWCDDs in the East from 96 to 57, should have equated to a larger drop in power demand than the 1.5 bcf/d our model showed. The power burns in the East during the reference were l.....
NGL MARKET RECAP
| September 19, 2018
September 19, 2018
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
| September 18, 2018
September 18, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended September 13, 2018. Total net imports for the reference week averaged -3.48 bcf/d, down -0.61 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -1.62 bcf/d. Average natural gas demand in the power sector was 32.5 bcf/d, down by -3.4 bcf/d week-over-week. During the reference week, the contiguous US observed 55 population weighted CDDs, down by -31 week over week.....
WEEKLY NG MARKET COMMENTARY
| September 16, 2018
September 16, 2018
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market.
CFTC COT
| September 14, 2018
September 14, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 11. 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 , but decreased in gasoline, natural gas, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas declined by -40.0k to +189.0k in futures and decreased by.....
NORTH AMERICAN RIG WATCH
| September 14, 2018
September 14, 2018
US: Baker Hughes shows 1053 active rigs as of September 14, 2018, higher by +7 from the previous week. Oil rigs increased by +7 to 867 (ht: +3; vt-dir: +4), and gas-directed rigs were unchanged at 186 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Anadarko (TX) and by +3 in Other areas not associated with a specific play, while declining by -1 in Monterey (CA) and by -1 in Permian (TX). Horizontal gas rigs increased by +3 in Marcellus ( SWPA ), while de.....
EIA NG STORAGE REPORT
| September 13, 2018
September 13, 2018
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +69 bcf net build in inventory this week. The injection was +1 bcf higher than our estimate and +3 bcf higher than the Bloomberg median. The regional breakdown equated to a +67 bcf injection, below the reported total +69 bcf injection due to “independent rounding.” However with the number falling within market consensus and the low Bloomberg survey standard deviati.....