CFTC COT
| March 15, 2024
March 15, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 12. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas, Brent and gasoline , but decreased in WTI, heating oil and gasoil during the reference week. Non-commercials net length in natural gas increased by +17.5k to -71.7k in futures and g.....
NORTH AMERICAN RIG WATCH
| March 15, 2024
March 15, 2024
Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 626 active rigs as of March 15, 2024, higher by +7 from the previous week. Oil rigs increased by +6 to 510 (ht: +3; vt-dir: +3), and gas-directed rigs increased by +1 to 116 (ht: +2; vt-dir: -1). Horizontal oil rigs increased by +2 in Permian (TX), by +1 in Eagle Ford (TX) and by +1 in Permian (NM), while de.....
EIA NG STORAGE REPORT
| March 14, 2024
March 14, 2024
Dear , The EIA reported a -9 bcf withdrawal for the week ending March 7, in line with our prediction of -9 bcf and 7 bcf larger than Bloomberg’s median estimate of -2 bcf. Our models are currently showing storage activity of -2, -17, -10, +11, +16 and +38 bcf over the next six weeks for a total of +37 bcf, compared to -2 bcf for the same period last year and the five-year average of +73 bcf.
NGL MARKET RECAP
| March 13, 2024
March 13, 2024
Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios.
SPECTRUM
| March 13, 2024
March 13, 2024
Dear , Please find below the link to this week's detailed inventory forecast, our 6-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending March 7, 2024: LCMC 6-wk NG storage estimate: -9, -4, -24, -57, -2, and +26 bcf. Total -70 vs -145 LY and -73 5-yr avg. This week by region: E: -13; MW: -11, MTN: -1, PAC: -5; SC: +21 (S: +15, NS: +6). There are currently 1 analysts reporting on Bloomberg with an estima.....
EUROPEAN NG TRADE
| March 08, 2024
March 08, 2024
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.
NORTH AMERICAN RIG WATCH
| March 08, 2024
March 08, 2024
Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 619 active rigs as of March 08, 2024, lower by -6 from the previous week. Oil rigs decreased by -2 to 504 (ht: -1; vt-dir: -1), and gas-directed rigs decreased by -4 to 115 (ht: -3; vt-dir: -1). Horizontal oil rigs increased by +3 in Permian (NM), while declining by -2 in Permian (TX) and by -2 in Other area.....
EIA NG STORAGE REPORT
| March 07, 2024
March 07, 2024
Dear , The EIA reported a -40 bcf withdrawal for the week ending February 29, 6 bcf smaller than our prediction of -46 bcf and 3 bcf larger than Bloomberg’s median estimate of -37 bcf. Our models are currently showing storage activity of -4, -5, -17, -38, -5 and +21 bcf over the next six weeks for a total of -48 bcf, compared to -145 bcf for the same period last year and the five-year average of -73 bcf.
NGL MARKET RECAP
| March 06, 2024
March 06, 2024
Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios.
SPECTRUM
| March 05, 2024
March 05, 2024
Dear , Please find below the link to this week's detailed inventory forecast, our 6-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending February 29, 2024: LCMC 6-wk NG storage estimate: -46, +1, -20, +6, -21, and +4 bcf. Total -76 vs -290 LY and -240 5-yr avg. This week by region: E: -30; MW: -24, MTN: -2, PAC: +2; SC: +8 (S: +8, NS: 0). There are currently 4 analysts reporting on Bloomberg with a media.....