CFTC COT
| February 24, 2014
Commitments of Traders Report – February 24, 2014
Note: The AUM file is not included in this week’s report but will return next month. Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 18. 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 ro.....
NORTH AMERICAN RIG WATCH
| February 21, 2014
February 21, 2014
Baker Hughes shows 1,767 active rigs as of February 21, 2014, higher by +7 from the previous week. Oil rigs increased by +2 to 1,425 (ht: -5; vt-dir: +7) while gas-directed rigs increased by +5 to 342 (ht: +4; vt-dir: +1). Horizontal oil rigs decreased by -2 to 153 in the Bakken (ND) and increased by +5 to 181 in the Permian (TX). Gas-directed horizontal rigs increased by +1 to 25 in the Marcellus ( SWPA ).
EIA NG STORAGE REPORT
| February 20, 2014
February 20, 2014
EIA reported a -250 bcf withdrawal for the week ending February 14 (Bloomberg median -257 bcf, Bloomberg whisper: -261 bcf). The 24 estimates submitted to Bloomberg varied from -270 bcf to -236 bcf with a standard deviation of 10 bcf. Our model showed -264 bcf. Nationwide natural gas-weighted HDDs increased by +20 to 265, while nationwide electricity-weighted cooling degree days reported by NOAA decreased by -1 to 1 CDDs. Total US: -250 bcf ( LCMC : -264 bcf, Bloomberg median: -257 bcf) E.....
NGL MARKET RECAP
| February 20, 2014
February 20, 2014
Propane: US propane inventories fell by -1.2m bbl to 26.7m bbl for the week ended February 14, 2014, which is -12.6m bbl below the five-year average. PADD 3 inventories fell by -3%, or -533k bbl, to 15.1m bbl. PADD 2 stocks fell -2%, or -137k bbl, to 8.8m bbl, which is 5.1m bbl below the five-year average. In PADD 1, stocks fell by -18% or -353k bbl to stand at 1.6m bbl. Implied demand sank -18% to 1.38 mb/d; imports decreased by -27% to 155 kb/d and production decreased -2% to 1.40 mb/d.....
CFTC COT
| February 17, 2014
Commitments of Traders Report – February 17, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 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, heating oil, Brent, gasoline and WTI during the reference week. Non-commercials net length in natural gas grew by +26.5k to +456.5k in futures and increased by +13.8k to +576.9k in futures and optio.....
NORTH AMERICAN RIG WATCH
| February 14, 2014
February 14, 2014
Baker Hughes shows 1,760 active rigs as of February 14, 2014, lower by -7 from the previous week. Oil rigs increased by +7 to 1,423 (ht: +12; vt-dir: -5), while gas-directed rigs decreased by -14 to 337 (ht: -5; vt-dir: -9). Horizontal oil rigs increased by +6 to 176 in Permian (TX), and vertical/directional oil rigs increased by +6 in Monterey (CA) to 23, while horizontal gas-directed rigs decreased by -2 to 19 in the Marcellus ( NEPA ).
EIA NG STORAGE REPORT
| February 13, 2014
February 13, 2014
EIA reported a -237 bcf withdrawal for the week ending February 7 (Bloomberg median -231 bcf, Bloomberg whisper: -229 bcf). The 24 estimates submitted to Bloomberg varied from -264 bcf to -205 bcf with a standard deviation of 12 bcf. Our model showed -235 bcf. Nationwide natural gas-weighted HDDs decreased by -21 to 245, while nationwide electricity-weighted cooling degree days reported by NOAA increased by +2 to 2 CDDs. Total US: -237 bcf ( LCMC : -235 bcf, Bloomberg median: -231 bcf) Ea.....
NGL MARKET RECAP
| February 12, 2014
February 12, 2014
In Focus: Light-end markets Although the Mont Belvieu propane market has been more volatile than ethane of late, both products are showing strength, but warmer weather forecasts could temporarily pull prices lower.
CFTC COT
| February 10, 2014
Commitments of Traders Report – February 10, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 04. 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 and WTI , but decreased in natural gas, Brent and gasoline during the reference week. Non-commercials net length in natural gas declined by -25.6k to +430.0k in futures and fell by -22.9k to +563.1k .....
NORTH AMERICAN RIG WATCH
| February 07, 2014
February 7, 2014
Baker Hughes shows 1,767 active rigs as of February 7, 2014, lower by -13 from the previous week. Oil rigs decreased by -6 to 1,416 (ht: +7; vt-dir: -13), while gas-directed rigs decreased by -7 to 351 (ht: -4; vt-dir: -3). Horizontal oil rigs increased by +5 to 170 in Permian (TX) and vertical/directional oil rigs decreased by -4 in the Bakken (ND) to 9, while horizontal gas-directed rigs increased by +2 to 25 in the Eagle Ford (TX).