NGL MARKET RECAP
| July 02, 2014
July 2, 2014
Propane: US propane inventories increased by +2.6m bbl to 56.2m bbl for the week ended June 27, 2014. PADD 3 inventories increased +6%, or +1.9m bbl, to 32.1m bbl. PADD 2 stocks increased +2% or by +386k bbl to 17.5m bbl. In PADD 1, stocks increased +4% or +143k bbl to 4.2m bbl. Implied demand increased +2% to 916 kb/d; imports increased +8% to 57 kb/d and production increased +3% to 1.53 mb/d last week. In Focus: U.S. butane hits the international market According to the latest EIA.....
U.S. COAL DELIVERIES TO POWER PLANTS
| June 30, 2014
July 2014
Please find attached U.S. Coal Deliveries to Electric Power Plants with data through April 2014. The report contains volume and price data where available.
CFTC COT
| June 30, 2014
Commitments of Traders Report – June 30, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 24. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in heating oil, Brent and gasoline , but decreased in natural gas and WTI during the reference week. Non-commercials net length in natural gas decreased by -9.5k to +305.7k in futures and fell by -20.7k to +424.7k in f.....
NORTH AMERICAN RIG WATCH
| June 27, 2014
June 27, 2014
Baker Hughes shows 1,872 active rigs as of June 27, 2014, higher by +16 from the previous week. Oil rigs increased by +13 to 1,558 (ht: +11; vt-dir: +2) while gas-directed rigs increased by +3 to 314 (ht: +2; vt-dir: +1). Horizontal oil rigs increased by +7 to 135 in Anadarko (OK). Gas-directed horizontal rigs increased by +3 to 21 in Marcellus (WV).
EIA NG STORAGE REPORT
| June 26, 2014
June 26, 2014
EIA reported a +110 bcf injection for the week ending June 20 (Bloomberg median +105 bcf, Bloomberg whisper: +105 bcf). The 18 estimates submitted to Bloomberg varied from +93 bcf to +108 bcf with a standard deviation of 4 bcf. Our model showed +110 bcf. Nationwide natural gas-weighted HDDs decreased by -1 to 7, while nationwide electricity-weighted cooling degree days reported by NOAA increased by +11 to 56 CDDs. Total US: +110 bcf ( LCMC : +110 bcf, Bloomberg median: +105 bcf) East: +68.....
NGL MARKET RECAP
| June 25, 2014
June 25, 2014
Propane: US propane inventories increased by +2.4m bbl to 53.7m bbl for the week ended June 20, 2014. PADD 3 inventories increased +5%, or +1.5m bbl, to 30.2m bbl. PADD 2 stocks increased +4% or by +593k bbl to 17.2m bbl. In PADD 1, stocks increased +7% or +251k bbl to 4.1m bbl. Implied demand fell -4% to 894 kb/d; imports decreased -30% to 53 kb/d and production increased +2% to 1.49 mb/d last week. In Focus: what do condensate exports mean for naphtha? As we discussed in a recent r.....
CFTC COT
| June 23, 2014
Commitments of Traders Report – June 23, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 17. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, heating oil, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas fell by -1.5k to +315.2k in futures and increased by +10.7k to +445.5k in futures and options. T.....
NORTH AMERICAN RIG WATCH
| June 20, 2014
June 20, 2014
Baker Hughes shows 1,856 active rigs as of June 20, 2014, higher by +4 from the previous week. Oil rigs increased by +3 to 1,545 (ht: +4; vt-dir: -1) while gas-directed rigs increased by +1 to 311 (ht: -2; vt-dir: +3). Horizontal oil rigs increased by +5 to 196 in the Eagle Ford (TX) and by +3 to 211 in the Permian (TX). Gas-directed horizontal rigs decreased by -2 to 22 in Marcellus ( SWPA ).
EIA NG STORAGE REPORT
| June 19, 2014
June 19, 2014
EIA reported a +113 bcf injection for the week ending June 13 (Bloomberg median +110 bcf, Bloomberg whisper: +111 bcf). The 20 estimates submitted to Bloomberg varied from +101 bcf to +115 bcf with a standard deviation of 3 bcf. Our model showed +115 bcf. Nationwide natural gas-weighted HDDs increased by +1 to 8, while nationwide electricity-weighted cooling degree days reported by NOAA remained flat at 45 CDDs. Total US: +113 bcf ( LCMC : +115 bcf, Bloomberg median: +110 bcf) East: +70 b.....
NGL MARKET RECAP
| June 18, 2014
June 18, 2014
Propane: US propane inventories increased by +2.0m bbl to 51.2m bbl for the week ended June 13, 2014. PADD 3 inventories increased +6%, or +1.5m bbl, to 28.7m bbl. PADD 2 stocks were unchanged at 16.6m bbl. In PADD 1, stocks jumped +11% or +374k bbl to 3.8m bbl. Implied demand increased +23% to 934 kb/d; imports increased +38% to 76 kb/d and production fell -3% to 1.46 mb/d last week. In Focus: propane spreads In order to incentivize a balancing of national inventories, Mont Belvieu .....