CFTC COT
| March 23, 2018
Commitments of Traders Report – March 23, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 20. 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, gasoil, heating oil and WTI , but decreased in gasoline and natural gas during the reference week. Non-commercials net length in natural gas decreased by -5.8k to +242.3k in futures and declined by -.....
NORTH AMERICAN RIG WATCH
| March 23, 2018
March 23, 2018
US: Baker Hughes shows 994 active rigs as of March 23, 2018, higher by +5 from the previous week. Oil rigs increased by +4 to 804 (ht: +1; vt-dir: +3), and gas-directed rigs increased by +1 to 190 (ht: +4; vt-dir: -3). Horizontal oil rigs increased by +3 in Eagle Ford (TX), by +3 in Permian (TX) and by +1 in Permian (NM), while declining by -6 in Anadarko (OK). Horizontal gas rigs increased by +1 in Woodford (Anadarko) and by +3 in Other areas not associated with a specific play. Canada: Bak.....
EIA NG STORAGE REPORT
| March 22, 2018
March 22, 2018
The EIA reported a -86 bcf withdrawal for the week ending March 15, 2018; a 1 bcf stronger pull than our estimate and 2 bcf weaker pull than the Bloomberg median. Our overestimate of South Central draws this week was offset by an underestimate of Midwest pulls. Our preliminary expectation for next week is a draw in the mid -70 bcf range. This week’s withdrawal puts inventories back in line with Winter 14/15 and based on current weather forecasts our models expect that we will end the season .....
NGL MARKET RECAP
| March 21, 2018
March 21, 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
| March 20, 2018
March 20, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended March 15, 2018. Total net imports for the reference week averaged -1.11 bcf/d, up by +0.60 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -0.41 bcf/d. Average natural gas demand in the power sector was 25.3 bcf/d, up by -0.2 bcf/d week-over-week. During the reference week, the contiguous US observed 115 electric weighted HDDs, up by 2 week over week.
WEEKLY NG MARKET COMMENTARY
| March 18, 2018
March 18, 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
| March 16, 2018
Commitments of Traders Report – March 16, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 13. 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, natural gas and gasoil , but decreased in gasoline, heating oil and WTI during the reference week. Non-commercials net length in natural gas grew by +27.4k to +248.1k in futures and rose by +27.4k to.....
NORTH AMERICAN RIG WATCH
| March 16, 2018
March 16, 2018
US: Baker Hughes shows 989 active rigs as of March 16, 2018, higher by +5 from the previous week. Oil rigs increased by +4 to 800 (ht: +13; vt-dir: -9), and gas-directed rigs increased by +1 to 189 (ht: +4; vt-dir: -3). Horizontal oil rigs increased by +3 in Bakken (ND), by +2 in Monterey (CA), by +1 in Anadarko (OK) and by +7 in Other areas not associated with a specific play. Horizontal gas rigs increased by +1 in Eagle Ford (TX), by +1 in Fayetteville (AR), by +1 in Haynesville (TX), by +1 i.....
EIA NG STORAGE REPORT
| March 15, 2018
March 15, 2018
The EIA reported a -93 bcf withdrawal for the week ending March 8, 2018; a 3 bcf weaker pull than our estimate and 5 bcf weaker pull than the Bloomberg median. While most of our regional models performed remarkably well this week, our South Central model overestimated the draw from non-salt storage, accounting for almost the entire 3 bcf difference. Our preliminary expectation for next week’s number is in the low 90 bcf range. While system wide deliverability concerns stoked by early January.....
NGL MARKET RECAP
| March 14, 2018
March 14, 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.