CFTC COT
| March 01, 2024
March 01, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 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 WTI and heating oil , but decreased in natural gas, Brent, gasoline and gasoil during the reference week. Non-commercials net length in natural gas grew by +55.4k to -147.3k in futures and de.....
NORTH AMERICAN RIG WATCH
| March 01, 2024
March 01, 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 625 active rigs as of March 01, 2024, higher by +2 from the previous week. Oil rigs increased by +3 to 506 (ht: +1; vt-dir: +2), and gas-directed rigs decreased by -1 to 119 (ht: unch; vt-dir: -1). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Permian (NM), while declining by -1 in Anadar.....
EUROPEAN NG TRADE
| March 01, 2024
March 01, 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.
EIA NG STORAGE REPORT
| February 29, 2024
February 29, 2024
Dear , The EIA reported a -96 bcf withdrawal for the week ending February 2, 8 bcf greater than our prediction of -88 bcf and 11 bcf larger than Bloomberg’s median estimate of -85 bcf. Our models are currently showing storage activity of -42, +6, -24, -21, +4 and +16 bcf over the next six weeks for a total of -61 bcf, compared to -290 bcf for the same period last year and the five-year average of -240 bcf.
SPECTRUM
| February 29, 2024
February 28, 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 22, 2024: LCMC 6-wk NG storage estimate: -88, -42, -2, +1, -38, and -10 bcf. Total -179 vs -381 LY and -406 5-yr avg. This week by region: E: -44; MW: -37, MTN: -1, PAC: +1; SC: -7 (S: -1, NS: -6). There are currently 11 analysts reporting on Bloomberg with a m.....
NGL MARKET RECAP
| February 28, 2024
February 28, 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.
CFTC COT
| February 23, 2024
February 23, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 20. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in WTI , but decreased in natural gas, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas fell by -46.8k to -202.7k in futures and decli.....
EUROPEAN NG TRADE
| February 23, 2024
February 23, 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
| February 23, 2024
February 23, 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 623 active rigs as of February 23, 2024, higher by +5 from the previous week. Oil rigs increased by +6 to 503 (ht: +2; vt-dir: +4), and gas-directed rigs decreased by -1 to 120 (ht: -2; vt-dir: +1). Horizontal oil rigs increased by +2 in Eagle Ford (TX), by +2 in Permian (NM) and by +1 in Anadarko (OK), whil.....
EIA NG STORAGE REPORT
| February 22, 2024
February 22, 2024
Dear , The EIA reported a -60 bcf withdrawal for the week ending February 15, 1 bcf less than our prediction of -61 bcf and 1 bcf larger than Bloomberg’s median estimate of -59 bcf. Our models are currently showing storage activity of -88, -29, +15, -36, -40 and -19 bcf over the next six weeks for a total of -197 bcf, compared to -381 bcf for the same period last year and the five-year average of -406 bcf.