U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| April 10, 2018
April 10, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended April 5, 2018. Total net imports for the reference week averaged -1.65 bcf/d, down by -0.28 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -1.05 bcf/d. Average natural gas demand in the power sector was 22.5 bcf/d, down by -1.0 bcf/d week-over-week. During the reference week, the contiguous US observed 71 electric weighted HDDs and 9 population weighted CDDs,.....
CFTC COT
| April 06, 2018
Commitments of Traders Report – April 06, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 03. 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 and gasoil , but decreased in gasoline, natural gas, heating oil and WTI during the reference week. Non-commercials net length in natural gas declined by -15.7k to +209.3k in futures and decreased by .....
NORTH AMERICAN RIG WATCH
| April 06, 2018
April 6, 2018
US: Baker Hughes shows 1002 active rigs as of April 06, 2018, higher by +11 from the previous week. Oil rigs increased by +11 to 808 (ht: +17; vt-dir: -6), and gas-directed rigs were unchanged at 194 (ht: -2; vt-dir: +2). Horizontal oil rigs increased by +9 in Anadarko (OK), by +4 in Eagle Ford (TX), by +2 in Permian (NM), by +1 in Anadarko (KS), by +1 in Bakken (ND) and by +1 in Other areas not associated with a specific play, while declining by -1 in Permian (TX). Horizontal gas rigs increase.....
EIA NG STORAGE REPORT
| April 05, 2018
April 5, 2018
The EIA reported a -29 bcf net change in inventory this week, but implied flow out of storage was only -20 bcf due to a reclassification in non-salt fields in the South Central. The net change was in line with our estimate but implied flow was way off. Bloomberg median was at -26 bcf, with average expectation at -27 bcf. As of this morning, most pipelines are once again reporting scheduled volumes. Many storage facilities, however, still have not backfilled their activity data, whic.....
NGL MARKET RECAP
| April 04, 2018
April 4, 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
| April 03, 2018
April 3, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended March 29, 2018. Total net imports for the reference week averaged -1.38 bcf/d, down by -0.32 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -0.86 bcf/d. Average natural gas demand in the power sector was 23.5 bcf/d, down by -0.7 bcf/d week-over-week. During the reference week, the contiguous US observed 81 electric weighted HDDs, down by 15 week over week.
CFTC COT
| April 02, 2018
Commitments of Traders Report – April 02, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 27. 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, gasoil and heating oil , but decreased in natural gas and WTI during the reference week. Non-commercials net length in natural gas decreased by -18.3k to +221.5k in futures and declined by .....
WEEKLY NG MARKET COMMENTARY
| April 02, 2018
CORRECTED: April 1, 2018
CORRECTION : Please note that the Weekly NG Market Commentary sent out yesterday includes an error. It reported EIA’s January 2018 industrial gas demand as 28.8 bcf/d. That is a typo – the correct number is 24.8 bcf/d. An updated version is attached. No other changes have been made. Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market.
EIA NG STORAGE REPORT
| March 29, 2018
March 29, 2018
The EIA reported a -63 bcf withdrawal for the week ending March 22, 2018; a 4 bcf weaker pull than our estimate and 8 bcf weaker pull than the Bloomberg median. Our overestimate for the Northeast draws this week was partially offset by our overestimate of South Central injections. Our preliminary expectation for next week is a draw in the -27 bcf draw. As we begin to slowly shift to the injection season, evolving flow patterns are already providing some interesting insight on the early part .....
NORTH AMERICAN RIG WATCH
| March 29, 2018
March 29, 2018
US: Baker Hughes shows 991 active rigs as of March 29, 2018, lower by -3 from the previous week. Oil rigs decreased by -7 to 797 (ht: -8; vt-dir: +1), and gas-directed rigs increased by +4 to 194 (ht: +7; vt-dir: -3). Horizontal oil rigs increased by +1 in Anadarko (OK), while declining by -1 in Anadarko (TX), by -1 in Permian (NM), by -1 in Permian (TX) and by -6 in Other areas not associated with a specific play. Horizontal gas rigs increased by +2 in Marcellus ( NEPA ), by +1 in Marcellus ( .....