CFTC COT
| March 31, 2014
Commitments of Traders Report – March 31, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 25. 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 , but decreased in natural gas, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas decreased by -6.8k to +392.4k in futures and declined by -1.3k to +514.4k in .....
NORTH AMERICAN RIG WATCH
| March 28, 2014
March 28, 2014
Baker Hughes shows 1,805 active rigs as of March 28, 2014, higher by +6 from the previous week. Oil rigs increased by +14 to 1,487 (ht: +12; vt-dir: +2) while gas-directed rigs decreased by -8 to 318 (ht: -7; vt-dir: -1). Horizontal oil rigs increased by +8 to 189 in the Eagle Ford (TX) and vertical/directional oil rigs increased by +4 to 33 in the Eagle Ford (TX). Gas-directed horizontal rigs decreased by -4 to 18 in Marcellus ( NEPA ).
EIA NG STORAGE REPORT
| March 27, 2014
March 27, 2014
EIA reported a -57 bcf withdrawal for the week ending March 21 (Bloomberg median -52 bcf, Bloomberg whisper: -56 bcf). The 24 estimates submitted to Bloomberg varied from -61 bcf to -46 bcf with a standard deviation of 3 bcf. Our model showed -52 bcf. Nationwide natural gas-weighted HDDs increased by +5 to 155, while nationwide electricity-weighted cooling degree days reported by NOAA remained flat at 2 CDDs. Total US: -57 bcf ( LCMC : -52 bcf, Bloomberg median: -52 bcf) East: -39 bcf We.....
NGL MARKET RECAP
| March 26, 2014
March 26, 2014
In Focus: Persistent weakness Although the spike in propane prices and relative strength in butane in January lent support to the NGL fractionation spread, shocks in the NG cash market and NGL market fundamentals quickly dispelled the hope of stronger earnings for producers. Although we argued for the possibility of some volatility in ethane this year should supply/demand factors align accordingly, 2014 is looking a lot like 2013 so far.
CFTC COT
| March 24, 2014
Commitments of Traders Report – March 24, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 18. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in Brent and gasoline , but decreased in natural gas, heating oil and WTI during the reference week. Non-commercials net length in natural gas fell by -12.8k to +399.2k in futures and declined by -11.4k to +515.7k in .....
NORTH AMERICAN RIG WATCH
| March 21, 2014
March 21, 2014
Baker Hughes shows 1,799 active rigs as of March 21, 2014, lower by -6 from the previous week. Oil rigs increased by +12 to 1,473 (ht: +10; vt-dir: +2) while gas-directed rigs decreased by -18 to 326 (ht: -16; vt-dir: -2). Horizontal oil rigs increased by +2 to 161 in the Bakken (ND) while gas-directed horizontal rigs decreased by -10 to 15 in the Eagle Ford (TX).
EIA NG STORAGE REPORT
| March 20, 2014
March 20, 2014
EIA reported a -48 bcf withdrawal for the week ending March 13 (Bloomberg median -59 bcf, Bloomberg whisper: -201 bcf). The 23 estimates submitted to Bloomberg varied from -70 bcf to -44 bcf with a standard deviation of 6 bcf. Our model showed -61 bcf. Nationwide natural gas-weighted HDDs decreased by -89 to 150, while nationwide electricity-weighted cooling degree days reported by NOAA remained flat at 2 CDDs. Total US: -48 bcf ( LCMC : -61 bcf, Bloomberg median: -59 bcf) East: -35 bcf .....
NGL MARKET RECAP
| March 19, 2014
March 19, 2014
In Focus: Ethane update At their investor day yesterday, Enterprise Products Partners continued to build excitement around the possibility of more ethane exports beyond what Ineos has already signed up to take from the Marcellus. Fundamentally, we are of the opinion that ethane exports tied to long-term international petrochemical contracts will have a limited impact on US balances, and believe the product’s other market – as fuel in the natural gas stream – may play a more defining role in th.....
CFTC COT
| March 17, 2014
Commitments of Traders Report – March 17, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 11. 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 and gasoline , but decreased in heating oil, Brent and WTI during the reference week. Non-commercials net length in natural gas grew by +0.6k to +412.0k in futures and increased by +9.8k to +527.0k in f.....
NORTH AMERICAN RIG WATCH
| March 14, 2014
March 14, 2014
Baker Hughes shows 1,805 active rigs as of March 14, 2014, higher by +17 from the previous week. Oil rigs increased by +18 to 1,461 (ht: +8; vt-dir: +10) while gas-directed rigs decreased by -1 to 344 (ht: +2; vt-dir: -3). Horizontal oil rigs increased by +6 to 159 in the Bakken (ND) and increased by +6 to 180 in the Eagle Ford (TX) while gas-directed horizontal rigs decreased by -2 to 21 in the Marcellus ( NEPA ).