CFTC COT
| November 19, 2025
November 19, 2025
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 30. 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, gasoline, heating oil and gasoil , but decreased in WTI and Brent during the reference week. Non-commercials net length in natural gas rose by +18.1k to +165.2k in futures and g.....
NGL MARKET RECAP
| November 19, 2025
November 19, 2025
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.
SPECTRUM
| November 18, 2025
November 18, 2025
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 November 13, 2025: We anticipate a -12 bcf withdrawal for this Friday's natural gas storage report. Regional breakdown for the reference week: E: -8; MW: -6, MTN: 0, PAC: +2; SC: 0 (S: 0, NS: 0). There are currently 2 analysts reporting an average estimate of -13 bcf on.....
TTF WEEKLY REVIEW
| November 17, 2025
November 17, 2025
Dear , Our European Gas Market Weekly Watch report, along with our European natural gas trade and storage estimates (in units of MMcm/d or bcf/d), offers a summary of key developments in the European gas market. Please find this week’s reports at the links below: European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but exclude the island nations (Malta and Cyprus).
NORTH AMERICAN RIG WATCH
| November 14, 2025
November 14, 2025
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 542 active rigs as of November 14, 2025, unchanged from the previous week. Oil rigs increased by +3 to 417 (ht: +1; vt-dir: +2), and gas-directed rigs decreased by -3 to 125 (ht: -3; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (NM) and by +3 in Other areas not associated with a specific pla.....
NGL MARKET RECAP
| November 14, 2025
November 13, 2025 [Include stats]
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.
SPECTRUM
| November 11, 2025
November 11, 2025
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 November 6, 2025: We anticipate a +40 bcf injection for this Friday's natural gas storage report. Regional breakdown for the reference week: E: +7; MW: +10, MTN: +1, PAC: +3; SC: +19 (S: +9, NS: +10). There are currently 4 analysts reporting a median estimate of +34 bcf.....
TTF WEEKLY REVIEW
| November 11, 2025
November 07, 2025
Dear , Our European Gas Market Weekly Watch report, along with our European natural gas trade and storage estimates (in units of MMcm/d or bcf/d), offers a summary of key developments in the European gas market. Please find this week’s reports at the links below: European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but exclude the island nations (Malta and Cyprus).
NORTH AMERICAN RIG WATCH
| November 07, 2025
November 07, 2025
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 542 active rigs as of November 07, 2025, higher by +3 from the previous week. Oil rigs were unchanged at 414 (ht: -3; vt-dir: +3), and gas-directed rigs increased by +3 to 128 (ht: +3; vt-dir: unch). Horizontal oil rigs decreased by -1 in Anadarko (OK), by -1 in Eagle Ford (TX) and by -1 in Other areas not a.....
EIA NG STORAGE REPORT
| November 06, 2025
November 06, 2025
Dear , The EIA reported a +33 bcf injection for the week ending October 30, 1 bcf higher than our estimate of +32 bcf and 2 bcf larger than Bloomberg’s median forecast of +31 bcf. Our models are currently showing storage activity of +40, -4, -24, -46, -77 and -103 bcf over the next six weeks for a total of -214 bcf, compared to -281 bcf for the same period last year and the five-year average of -205 bcf.