NORTH AMERICAN RIG WATCH
| October 24, 2025
October 24, 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 541 active rigs as of October 24, 2025, higher by +2 from the previous week. Oil rigs increased by +2 to 420 (ht: unch; vt-dir: +2), and gas-directed rigs were unchanged at 121 (ht: -1; vt-dir: +1). Horizontal oil rigs increased by +1 in Other areas not associated with a specific play, while declining by -1 .....
EIA NG STORAGE REPORT
| October 23, 2025
October 23, 2025
Dear , The EIA reported a +87 bcf injection for the week ending October 16, 1 bcf smaller than our estimate of +88 bcf and 4 bcf larger with Bloomberg’s median forecast of +83 bcf. Our models are currently showing storage activity of +72, +26, +23, +10, -16 and -39 bcf over the next six weeks for a total of +76 bcf, compared to +168 bcf for the same period last year and the five-year average of +88 bcf.
NGL MARKET RECAP
| October 22, 2025
October 22, 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
| October 21, 2025
October 21, 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 October 16, 2025: We anticipate a +88 bcf injection for Thursday's natural gas storage report. Regional breakdown for the reference week: E: +21; MW: +29, MTN: +2, PAC: +3; SC: +33 (S: +16, NS: +17). There are currently 2 analysts reporting an average estimate of +80 bc.....
TTF WEEKLY REVIEW
| October 20, 2025
October 20, 2025
Dear , Our European Gas Market Weekly Watch report, along with our European natural gas trade and storage estimates (in units of MMcm/d or bcf/d), offers a summary of key developments in the European gas market. Please find this week’s reports at the links below: European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but exclude the island nations (Malta and Cyprus).
NORTH AMERICAN RIG WATCH
| October 17, 2025
October 17, 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 539 active rigs as of October 17, 2025, higher by +1 from the previous week. Oil rigs were unchanged at 418 (ht: +4; vt-dir: -4), and gas-directed rigs increased by +1 to 121 (ht: +2; vt-dir: -1). Horizontal oil rigs increased by +3 in Permian (TX) and by +1 in Permian (NM). Horizontal gas rigs increased by .....
EIA NG STORAGE REPORT
| October 16, 2025
October 16, 2025
Dear , The EIA reported a +80 bcf injection for the week ending October 9, 2 bcf larger than our estimate of +78 bcf and 1 bcf smaller than Bloomberg’s median forecast of +81 bcf. Our models are currently showing storage activity of +83, +77, +70, +33, +8 and -20 bcf over the next six weeks for a total of +251 bcf, compared to +273 bcf for the same period last year and the five-year average of +208 bcf.
NGL MARKET RECAP
| October 16, 2025
October 16, 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
| October 14, 2025
October 14, 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 October 9, 2025: We anticipate a +78 bcf injection for Thursday's natural gas storage report. Regional breakdown for the reference week: E: +23; MW: +25, MTN: +5, PAC: +2; SC: +23 (S: +10, NS: +13). There is currently 1 analyst reporting an estimate of +76 bcf on Bloomb.....
NORTH AMERICAN RIG WATCH
| October 10, 2025
October 10, 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 538 active rigs as of October 10, 2025, lower by -2 from the previous week. Oil rigs decreased by -4 to 418 (ht: -1; vt-dir: -3), and gas-directed rigs increased by +2 to 120 (ht: +3; vt-dir: -1). Horizontal oil rigs increased by +8 in Permian (NM), while declining by -8 in Permian (TX) and by -1 in Anadarko.....