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.
WEEKLY NG MARKET COMMENTARY
| February 19, 2018
February 19, 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 16, 2018
Commitments of Traders Report – February 16, 2018
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 13. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials decreased net length in Brent, gasoline, natural gas, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas declined by -32.9k to +94.9k in futures and decreased by -36.9k to +118.5k i.....
NORTH AMERICAN RIG WATCH
| February 16, 2018
North American Rig Watch: February 16, 2018
US: Baker Hughes shows 975 active rigs as of February 16, 2018, unchanged from the previous week. Oil rigs increased by +7 to 798 (ht: +10; vt-dir: -3), and gas-directed rigs decreased by -7 to 177 (ht: -3; vt-dir: -4). Horizontal oil rigs increased by +6 in Anadarko (OK), by +2 in Eagle Ford (TX) and by +8 in Other areas not associated with a specific play, while declining by -3 in Permian (NM), by -1 in Anadarko (TX), by -1 in Bakken (ND) and by -1 in Permian (TX). Horizontal gas rigs increas.....
EIA NG STORAGE REPORT
| February 15, 2018
February 15, 2018
The EIA reported a -194 bcf withdrawal for the week ending February 8th, a 4 bcf stronger pull than our estimate and 8 bcf stronger pull than the Bloomberg median. What helped our estimate stay close to EIA’s reported figure this week was our Midwest regional model, which accurately predicted the larger than expected draw within that footprint (Figure 1). An updated version of the Midwest regional model covering the week ending today will be posted via ICE Chat and BBG tomorrow. While .....
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| February 13, 2018
February 13, 2018
Please find the attached data and charts detailing U.S. gas imports and power demand for the week ended February 8, 2018. Total net imports for the reference week averaged -1.74 bcf/d, up by +0.06 bcf/d week-on-week. During the same week last year, U.S. net imports averaged -0.73 bcf/d. Average natural gas demand in the power sector was 24.3 bcf/d, up by +2.6 bcf/d week-over-week. During the reference week, the contiguous US observed 147 electric weighted HDDs, up by 24 week over week.