NORTH AMERICAN RIG WATCH
| March 02, 2018
March 2, 2018
US: Baker Hughes shows 981 active rigs as of March 02, 2018, higher by +3 from the previous week. Oil rigs increased by +1 to 800 (ht: +2; vt-dir: -1), and gas-directed rigs increased by +2 to 181 (ht: +3; vt-dir: -1). Horizontal oil rigs increased by +2 in Anadarko (OK), by +2 in Permian (TX) and by +1 in Eagle Ford (TX), while declining by -2 in Bakken (ND) and by -1 in Other areas not associated with a specific play. Horizontal gas rigs increased by +3 in Marcellus ( SWPA ) and by +2 in Othe.....
EIA NG STORAGE REPORT
| March 01, 2018
March 1, 2018
The EIA reported a -78 bcf withdrawal for the week ending February 22nd, a 1 bcf weaker pull than our estimate and a 1 bcf stronger pull than the Bloomberg median. Over the past couple of months, we’ve been talking about the risks EIA’s monthly 2017 power burn estimates posed on summer – and especially spring – balances. Once final 2016 power burn values were released in November 2017, and the EIA incorporated non-survey data into its models, January through August 2017 estimates were push.....
NGL MARKET RECAP
| February 28, 2018
February 28, 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
| February 27, 2018
February 27, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended February 22, 2018. Total net imports for the reference week averaged -0.82 bcf/d, up by +1.32 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -1.25 bcf/d. Average natural gas demand in the power sector was 24.8 bcf/d, up by +0.1 bcf/d week-over-week. During the reference week, the contiguous US observed 91 electric weighted HDDs, down by 20 week over week.
WEEKLY NG MARKET COMMENTARY
| February 25, 2018
February 25, 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
| February 23, 2018
Commitments of Traders Report – February 23, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 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 WTI , but decreased in Brent, gasoline, natural gas, gasoil and heating oil during the reference week. Non-commercials net length in natural gas fell by -13.8k to +186.9k in futures and decreased by -17......
NORTH AMERICAN RIG WATCH
| February 23, 2018
February 23, 2018
US: Baker Hughes shows 978 active rigs as of February 23, 2018, higher by +3 from the previous week. Oil rigs increased by +1 to 799 (ht: +1; vt-dir: unch), and gas-directed rigs increased by +2 to 179 (ht: +2; vt-dir: unch). Horizontal oil rigs increased by +2 in Eagle Ford (TX), by +1 in Anadarko (TX), by +1 in Bakken (ND) and by +1 in Permian (NM), while declining by -1 in Permian (TX) and by -3 in Other areas not associated with a specific play. Horizontal gas rigs increased by +1 in Eagle .....
EIA NG STORAGE REPORT
| February 22, 2018
February 22, 2018
The EIA reported a -124 bcf withdrawal for the week ending February 15th, a 6 bcf weaker pull than our estimate and 2 bcf stronger pull than the Bloomberg median. Our model overestimated draws in the East and the Midwest this week. Mountain inventories dropped below the 5-year range during the reference week. This comes ahead of the current week’s spiking SoCal prices and frigid temperatures across the Western half of the continent. The roots of these low inventories likely began last su.....
NGL MARKET RECAP
| February 22, 2018
February 22, 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
| February 20, 2018
February 20, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended February 15, 2018. Total net imports for the reference week averaged -2.14 bcf/d, down by -0.40 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -0.16 bcf/d. Average natural gas demand in the power sector was 24.6 bcf/d, up by +0.3 bcf/d week-over-week. During the reference week, the contiguous US observed 111 electric weighted HDDs, down by 36 week over week.