NGL MARKET RECAP
| May 24, 2017
May 24, 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
| May 23, 2017
May 23, 2017
Please find attached data and charts detailing U.S. gas imports and power demand for the week ended May 18, 2017. Total net imports for the reference week averaged -0.62 bcf/d, lower by -0.41 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 1.59 bcf/d. Average natural gas demand in the power sector was 24.0 bcf/d, higher by 1.9 bcf/d week-over-week. During the reference week, the contiguous US observed 37 population weighted CDDs, up 20 week over week.
CFTC COT
| May 22, 2017
Commitments of Traders Report – May 22, 2017
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 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 Brent, gasoline, natural gas, gasoil and heating oil , but decreased in WTI during the reference week. Non-commercials net length in natural gas increased by +57.0k to +501.7k in futures and rose by +60.5k to.....
NORTH AMERICAN RIG WATCH
| May 19, 2017
May 19, 2017
Baker Hughes shows 900 active rigs as of May 19, 2017, higher by +16 from the previous week. Oil rigs increased by +8 to 720 (ht: +14; vt-dir: -6), and gas-directed rigs increased by +8 to 180 (ht: +3; vt-dir: +5). Horizontal oil rigs increased by +7 in Permian (TX), by +4 in Anadarko (OK), by +3 in Eagle Ford (TX) and by +1 in Barnett Combo (TX), while declining by -1 in Bakken (ND). Horizontal gas rigs increased by +1 each in Haynesville (LA), Haynesville (TX) and Marcellus ( SWPA ), and by +2.....
EIA NG STORAGE REPORT
| May 18, 2017
May 18, 2017
The EIA reported a +68 bcf injection for the week ending May 11, +5 bcf above what our flow model had anticipated on Tuesday and +6 bcf above the Bloomberg median. The largest differences were in the Midwest and Mountain which were +5 bcf and +3 bcf higher than our estimates, respectively. Our underestimation of the Midwest is likely due to an overemphasis on the impact of Vector pipeline outage during its second week of restrictions to Dawn and Eastern Michigan. The Vector outage caused a s.....
NGL MARKET RECAP
| May 17, 2017
May 17, 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
| May 16, 2017
May 16, 2017
We have updated the methodology for net LNG imports in our trade balance. Attached to this e-mail is a supplementary excel file with two years of daily net import data for LNG balances. Please find attached data and charts detailing U.S. gas imports and power demand for the week ended May 11, 2017. Total net imports for the reference week averaged -0.21 bcf/d, higher by +0.10 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 1.30 bcf/d. Average natural gas d.....
CFTC COT
| May 15, 2017
Commitments of Traders Report – May 15, 2017
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 09. 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 , but decreased in Brent, gasoline, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas declined by -0.4k to +444.7k in futures and grew by +0.4k to +5.....
NORTH AMERICAN RIG WATCH
| May 12, 2017
May 12, 2017
Baker Hughes shows 884 active rigs as of May 12, 2017, higher by +8 from the previous week. Oil rigs increased by +9 to 712 (ht: +9; vt-dir: unch), and gas-directed rigs decreased by -1 to 172 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +8 in Permian (TX), by +1 in Eagle Ford (TX) and by +1 in Bakken (ND), while decreasing by -1 in Anadarko (OK). Horizontal gas rigs decreased by -2 in Woodford (Arkoma), by -1 in Marcellus ( SWPA ) and by -1 in Haynesville (TX), while increasing by +.....
EIA NG STORAGE REPORT
| May 11, 2017
May 11, 2017
The EIA reported a +45 bcf injection for the week ending May 4, -7 bcf below what our flow model had anticipated on Tuesday and -10 bcf below the Bloomberg median. The largest difference was in the Midwest which was -9 Bcf below our model’s estimate. The large miss in both our model and market expectations for the Midwest was most likely due to a combination of Vector pipeline outages and higher than expected gas burns. The Vector pipeline outage beginning on May 1st and extending to May 8th.....