CFTC COT
| July 27, 2018
Commitments of Traders Report – July 27, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 24. 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, gasoil and heating oil , but decreased in natural gas and WTI during the reference week. Non-commercials net length in natural gas declined by -21.5k to +137.4k in futures and decreased by -.....
NORTH AMERICAN RIG WATCH
| July 27, 2018
July 27, 2018
US: Baker Hughes shows 1047 active rigs as of July 27, 2018, higher by +2 from the previous week. Oil rigs increased by +3 to 861 (ht: unch; vt-dir: +3), and gas-directed rigs decreased by -1 to 186 (ht: unch; vt-dir: -1). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Anadarko (TX), by +1 in Bakken (ND) and by +1 in Other areas not associated with a specific play, while declining by -2 in Eagle Ford (TX) and by -2 in Permian (TX). Horizontal gas rigs increased by +2 in Marcellu.....
EIA NG STORAGE REPORT
| July 26, 2018
July 26, 2018
The EIA reported a +24 bcf net change in inventory this week. The injection was -6 bcf lower than our estimate and -11 bcf lower than the Bloomberg median. Almost the entirety of our error was in the South Central salt draw, which withdrew 6 bcf more than our estimate. Below we delve into the factors that led to this week’s 16 bcf salt pull, which tied a record set on the week ending July 28th, 2016 for the largest summer draw from salt caverns. Our preliminary estimate for next week’s numbe.....
NGL MARKET RECAP
| July 25, 2018
July 25, 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
| July 24, 2018
July 24, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended July 19, 2018. Total net imports for the reference week averaged -1.98 bcf/d, flat week-on-week. During the same week last year, U.S. net imports averaged -0.56 bcf/d. Average natural gas demand in the power sector was 40.4 bcf/d, up by +3.1 bcf/d week-over-week. During the reference week, the contiguous US observed 96 population weighted CDDs, up by +7 week over week.
WEEKLY NG MARKET COMMENTARY
| July 22, 2018
July 22, 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
| July 20, 2018
Commitments of Traders Report – July 20, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 17. 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 fell by -29.4k to +158.9k in futures and decreased by -31.6k to +140.1k in futur.....
NORTH AMERICAN RIG WATCH
| July 20, 2018
July 20, 2018
US: Baker Hughes shows 1045 active rigs as of July 20, 2018, lower by -7 from the previous week. Oil rigs decreased by -5 to 858 (ht: -7; vt-dir: +2), and gas-directed rigs decreased by -2 to 187 (ht: -1; vt-dir: -1). Horizontal oil rigs increased by +4 in Permian (NM), while declining by -3 in Permian (TX), by -1 in Anadarko (OK), by -1 in Anadarko (TX), by -1 in Bakken (ND), by -1 in Monterey (CA) and by -4 in Other areas not associated with a specific play. Horizontal gas rigs increased by +.....
EIA NG STORAGE REPORT
| July 19, 2018
July 19, 2018
The EIA reported a +46 bcf net change in inventory this week. The injection was -12 bcf lower than our estimate and -10 bcf lower than the Bloomberg median. The vast majority (-9 bcf) of our error came from the South Central where both the injections in non-salts were lower than our models expected and the draws from salts were stronger than our models predicted. Due to travelling constraints please see our Rockies Paper published today in lieu of a market commentary. Rockies Paper
NGL MARKET RECAP
| July 18, 2018
July 18, 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.