EIA NG STORAGE REPORT
| December 31, 2015
December 31, 2015
The EIA reported a -58 bcf withdrawal for the week ending December 24, coming in lighter than our own number at -70 bcf, but stronger than the Bloomberg median at -54 bcf. Regionally the surprise came from the South Central and the East. After a few weeks of relatively tight numbers, the EIA estimate came in more in line with weather-driven supply and demand models rather than the scrapes. The two large draws reported by the East systems on Monday certainly skewed our model towards a stronge.....
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| December 29, 2015
December 29, 2015
Please find attached data and charts detailing U. S. gas imports and power demand for the week ended December 24, 2015. Total net imports for the reference week averaged 1.76 bcf/d, higher by +0.48 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 3.46 bcf/d. Average natural gas demand in the power sector was 24.6 bcf/d, higher by +1.2 bcf/d week-over-week. During the reference week, the contiguous US observed 98 electric-weighted HDDs, higher by +25 from the p.....
CFTC COT
| December 28, 2015
Commitments of Traders Report – December 28, 2015
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 22. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoil and heating oil , but decreased in Brent, gasoline, natural gas and WTI during the reference week. Non-commercials net length in natural gas decreased by -13.2k to -106.8k in futures and fell by -.....
NORTH AMERICAN RIG WATCH
| December 24, 2015
December 24, 2015
Baker Hughes shows 700 active rigs as of December 24, 2015, lower by -9 from the previous week. Oil rigs decreased by -3 to 538 (ht: unch; vt-dir: -3) while gas-directed rigs decreased by -6 to 162 (ht: -5; vt-dir: -1). Horizontal oil rigs decreased by -4 in Bakken (ND), while increasing by +2 in Anadarko (OK). Gas-directed horizontal rigs decreased by -2 to 1 in Fayetteville (AR).
EIA NG STORAGE REPORT
| December 24, 2015
December 24, 2015
The EIA reported a -32 bcf withdrawal for the week ending December 17, coming in line with our own number at -33 bcf, but stronger than the Bloomberg median at -26 bcf. Compared to last week, this draw implies a significant tightening of the weather-adjusted balance after losing -18 TDDs week-on-week. Stronger power burns can explain some of the tightness, but production declines could be playing a role as well. As weather forecasts turn colder for the 6-15 day period, we should get a chance t.....
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| December 22, 2015
December 22, 2015
Starting this week, the “US Natural Gas Net Trade Report” and the “US Power Sector NG Demand Report” will be combined into a single publication. The new “U.S. Natural Gas Trade and Power Sector Demand” report incorporates EIA’s new storage regions and our updated models. Please find attached data and charts detailing U. S. gas imports and power demand for the week ended December 17, 2015. Total net imports for the reference week averaged 1.29 bcf/d, lower by -0.95 bcf/d week-on-week. D.....
CFTC COT
| December 21, 2015
December 21, 2015
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 15. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline, natural gas, heating oil and WTI , but decreased in Brent and gasoil during the reference week. Non-commercials net length in natural gas rose by +7.8k to -93.6k in futures and grew by +6.8k to.....
NORTH AMERICAN RIG WATCH
| December 18, 2015
December 18, 2015
Baker Hughes shows 709 active rigs as of December 18, 2015, unchanged from the previous week. Oil rigs increased by +17 to 541 (ht: +10; vt-dir: +7) while gas-directed rigs decreased by -17 to 168 (ht: -5; vt-dir: -12). Horizontal oil rigs increased by +2 in Eagle Ford (TX) and Permian (TX). Gas-directed horizontal rigs decreased by -4 in Marcellus ( SWPA ), while increasing by +3 in Marcellus (WV).
EIA NG STORAGE REPORT
| December 17, 2015
December 17, 2015
Please note our extended U.S. and Canada tables covering the remainder of the withdrawal season are included in the attachment. We overwrite weekly estimates with monthly releases as monthly EIA data becomes available. The EIA reported a -34 bcf withdrawal for the week ending December 10, coming in lighter than our own number at -38 bcf and the Bloomberg median at -40 bcf. After a few weeks of bullish surprises from the EIA , the market seems to have adjusted its expectations towards str.....
NGL MARKET RECAP
| December 16, 2015
December 16, 2015
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.