CFTC COT
| January 26, 2018
Commitments of Traders Report – January 26, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 23. 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, natural gas, gasoil and WTI , but decreased in heating oil during the reference week. Non-commercials net length in natural gas increased by +54.8k to +246.5k in futures and rose by +50.4.....
NORTH AMERICAN RIG WATCH
| January 26, 2018
January 26, 2018
US: Baker Hughes shows 947 active rigs as of January 26, 2018, higher by +11 from the previous week. Oil rigs increased by +12 to 759 (ht: +9; vt-dir: +3), and gas-directed rigs decreased by -1 to 188 (ht: -3; vt-dir: +2). Horizontal oil rigs increased by +12 in Permian (TX) and by +2 in Permian (NM), while declining by -5 in Anadarko (OK). Horizontal gas rigs increased by +3 in Marcellus (WV), while declining by -4 in Marcellus ( SWPA ), by -1 in Eagle Ford (TX) and by -1 in Haynesville (LA). .....
EIA NG STORAGE REPORT
| January 25, 2018
January 25, 2018
Our argument over the past three weeks has been that the market had not been pricing in the risk of a cold February, more specifically the potential impact of a cold February on salt domes that were already on their path to historically low levels by mid-January. We believe that this week’s price action and corresponding salt dome injections mitigate that risk to a certain degree. We are also convinced that in addition to the geographical footprint of a possible cold front, the duration and dept.....
NGL MARKET RECAP
| January 24, 2018
January 24, 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
| January 23, 2018
January 23, 2017
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended January 18, 2018. Total net imports for the reference week averaged -0.45 bcf/d, down by -0.26 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -0.45 bcf/d. Average natural gas demand in the power sector was 30.8 bcf/d, up by +5.2 bcf/d week-over-week. During the reference week, the contiguous US observed 192 electric weighted HDDs, up by 35 week over week.
WEEKLY NG MARKET COMMENTARY
| January 21, 2018
January 21, 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
| January 19, 2018
Commitments of Traders Report – January 19, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 16. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline, natural gas, gasoil and WTI , but decreased in Brent and heating oil during the reference week. Non-commercials net length in natural gas grew by +75.8k to +197.9k in futures and rose by +77.2k .....
NORTH AMERICAN RIG WATCH
| January 19, 2018
January 19, 2018
US: Baker Hughes shows 936 active rigs as of January 19, 2018, lower by -3 from the previous week. Oil rigs decreased by -5 to 747 (ht: -1; vt-dir: -4), and gas-directed rigs increased by +2 to 189 (ht: -2; vt-dir: +4). Horizontal oil rigs increased by +6 in Permian (TX) and by +1 in Permian (NM), while declining by -3 in Anadarko (OK), by -1 in Bakken (ND), by -1 in Eagle Ford (TX) and by -3 in Other areas not associated with a specific play. Horizontal gas rigs increased by +3 in Marcellus (W.....
EIA NG STORAGE REPORT
| January 19, 2018
January 18, 2018
Over the past two weeks, we discussed the potential impact of a cold February on inventories and futures prices. We argued that heavy reliance on salt domes through the first half of January strained those high deliverability sources of supply, making late-winter deliverability profiles less robust, which in turned made the market more susceptible to price spikes in case of late-season cold. Today, we cover all North American inventories to see whether the market has alternative sources of suppl.....
NGL MARKET RECAP
| January 18, 2018
January 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.