NORTH AMERICAN RIG WATCH
| March 21, 2025
March 21, 2025
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 588 active rigs as of March 21, 2025, higher by +1 from the previous week. Oil rigs decreased by -1 to 486 (ht: +1; vt-dir: -2), and gas-directed rigs increased by +2 to 102 (ht: +1; vt-dir: +1). Horizontal oil rigs increased by +4 in Other areas not associated with a specific play, while declining by -2 in .....
EUROPEAN NG TRADE
| March 21, 2025
March 21, 2025
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
| March 20, 2025
March 20, 2025
Dear , The EIA reported a +9 bcf injection for the week ending March 13, compared to our estimate of -1 and Bloomberg’s median forecast of +5 bcf. The first weekly injection in the season came earlier than we expected. With this injection, L48 storage increased to 1,707 bcf as of March 13, 624 bcf lower Y/Y and 190 bcf below the five-year average. Our balances suggest that L48 storage will remain above 1,700 bcf at the end of this season. Our models are currently showing storage activity of +30,.....
NGL MARKET RECAP
| March 19, 2025
March 19, 2025
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
| March 18, 2025
March 18, 2025
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 March 13, 2025: We anticipate a -1 bcf withdrawal for Thursday's natural gas storage report. Regional breakdown for the reference week: E: -16; MW: -13, MTN: 0, PAC: -5; SC: +33 (S: +27, NS: +6). There is currently 1 analyst reporting an estimate of zero on Bloomberg. O.....
CFTC COT
| March 14, 2025
March 14, 2025
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 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 natural gas , but decreased in WTI, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas decreased by -18.1k to +284.0k in futures and ros.....
NORTH AMERICAN RIG WATCH
| March 14, 2025
March 14, 2025
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 587 active rigs as of March 14, 2025, unchanged from the previous week. Oil rigs increased by +1 to 487 (ht: unch; vt-dir: +1), and gas-directed rigs decreased by -1 to 100 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +2 in Anadarko (OK) and by +1 in Bakken (MT), while declining by -2 in Permian .....
EUROPEAN NG TRADE
| March 14, 2025
March 14, 2025
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
| March 13, 2025
March 13, 2025
Dear , The EIA reported a -62 bcf withdrawal for the week ending March 6, 16 bcf larger than our estimate of -46 and 12 more than Bloomberg’s median forecast of -50 bcf. Our models are currently showing storage activity of -10, +24, +31, +20, +41 and +61 bcf over the next six weeks for a total of +167 bcf, compared to +85 bcf for the same period last year and the five-year average of +51 bcf.
NGL MARKET RECAP
| March 12, 2025
March 12, 2025
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.