WEEKLY NG MARKET COMMENTARY | November 19, 2017
November 19, 2017
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 | November 17, 2017
Commitments of Traders Report – November 17, 2017
Added contract: Henry Hub Penultimate Financial ( CFTC Code: 023A56) is now included in the natural gas section of the report. Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 14. 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, heating oil and WTI , but decreased in gasoi.....
NORTH AMERICAN RIG WATCH | November 17, 2017
November 17, 2017
US: Baker Hughes shows 915 active rigs as of November 17, 2017, higher by +8 from the previous week. Oil rigs were unchanged at 738 (ht: -1; vt-dir: +1), and gas-directed rigs increased by +8 to 177 (ht: +1; vt-dir: +7). Horizontal oil rigs increased by +6 in Permian (TX), while declining by -3 in Permian (NM), by -1 in Eagle Ford (TX) and by -3 in Other areas not associated with a specific play. Horizontal gas rigs increased by +1 in Haynesville (LA) and by +1 in Marcellus (WV), while declinin.....
EIA NG STORAGE REPORT | November 16, 2017
November 16, 2017
The EIA reported a -18 bcf withdrawal for the week ending November 9th, the number was -13 bcf below our estimate and -3 bcf below the Bloomberg median. The transition from the injection to withdrawal season is always tricky and this year proved to be no different. Given the wide range of estimates from our storage models, we decided to rely on our regional Midwest flow model. That estimate relies on measured flows in and out of the region, modeling demand to solve for weekly inventory chang.....
NGL MARKET RECAP | November 15, 2017
November 15, 2017
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 | November 14, 2017
November 14, 2017
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended November 9, 2017. Total net imports for the reference week averaged -1.63 bcf/d, lower by -0.47 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -0.37 bcf/d. Average natural gas demand in the power sector was 25.7 bcf/d, up by +1.5 bcf/d week-over-week. During the reference week, the contiguous US observed 61 electric weighted HDDs, down -8 week over week.
CFTC COT | November 13, 2017
Commitments of Traders Report – November 13, 2017
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 07. 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, heating oil and WTI , but decreased in gasoil during the reference week. Non-commercials net length in natural gas grew by +13.6k to +275.8k in futures and rose by +14.8k to.....
WEEKLY NG MARKET COMMENTARY | November 12, 2017
November 12, 2017
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market.
NORTH AMERICAN RIG WATCH | November 10, 2017
November 10, 2017
US: Baker Hughes shows 907 active rigs as of November 10, 2017, higher by +9 from the previous week. Oil rigs increased by +9 to 738 (ht: +11; vt-dir: -2), and gas-directed rigs were unchanged at 169 (ht: +1; vt-dir: -1). Horizontal oil rigs increased by +7 in Anadarko (OK), by +4 in Permian (NM) and by +2 in Permian (TX), while declining by -2 in Anadarko (TX). Horizontal gas rigs increased by +2 in Eagle Ford (TX), while declining by -1 in Other areas not associated with a specific play. Ca.....
EIA NG STORAGE REPORT | November 09, 2017
November 9, 2017
Please note our extended U.S. and Canada tables covering the injection/withdrawal season are included in the attachment. The EIA reported a +15 bcf injection for the week ending November 2nd, the number was in line with our estimate and +1 bcf above the Bloomberg median. This week our model’s underestimate in the South Central and overestimate in the Mountain and Pacific regions fortunately offset each other, resulting in our total estimate matching the EIA’s. The strong injection in South.....