NORTH AMERICAN RIG WATCH
| January 03, 2014
January 3, 2014
Baker Hughes shows 1,750 active rigs as of January 3, 2014, lower by -6 from the previous week. Oil rigs decreased by -4 to 1,378 (ht: +2; vt-dir: -6) and gas-directed rigs decreased by -2 to 372 (ht: 0; vt-dir: -2). Vertical oil rigs increased by +2 to 41 in Anadarko (TX), while horizontal gas-directed rigs increased by +2 to 23 Haynesville (TX).
CFTC COT
| December 30, 2013
Commitments of Traders Report – December 30, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 24. 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, WTI , Brent, gasoline and heating oil during the reference week. Non-commercials increased net length in natural gas by +57.4 to +378.1k in futures and by +55.0 to +513.9k in futures and options. The pri.....
EIA NG STORAGE REPORT
| December 27, 2013
December 27, 2013
EIA reported a -177 bcf withdrawal for the week ending December 20 (Bloomberg median -177 bcf). The 18 estimates submitted to Bloomberg varied from -192 bcf to -163 bcf with a standard deviation of 6 bcf. Nationwide natural gas-weighted HDDs decreased by -40 to 213. Total US: -177 bcf ( LCMC : N/A, Bloomberg median: -177 bcf) East: -115 bcf West: -21 bcf Producing: -41 bcf (Salt: -14 bcf, Non-Salt: -28 bcf) There will be no commentary this week.
NORTH AMERICAN RIG WATCH
| December 27, 2013
December 27, 2013
Baker Hughes shows 1,756 active rigs as of December 27, 2013, lower by -11 from the previous week. Oil rigs decreased by -13 to 1,382 (ht: +3; vt-dir: -16) while gas-directed rigs increased by +2 to 374 (ht: +3; vt-dir: -1). Vertical oil rigs decreased by -9 to 208 in the Permian (TX), while horizontal gas-directed rigs increased by +1 to 23 in the Marcellus ( SWPA ).
NGL MARKET RECAP
| December 27, 2013
December 27, 2013
Propane: US propane inventories fell by -2.5m bbl to 47.4m bbl for the week ended December 20, 2013, which is -11.5m bbl below the five-year average. PADD 3 inventories fell by -4.5% to 25.9m bbl. PADD 2 stocks fell -5.1%, or -801k bbl, to 15.1m bbl, and in PADD 1, stocks declined by -274k bbl to 3.9m bbl. Implied demand decreased -4% to 1.55 mb/d; imports declined by -3% to 117 kb/d and production increased +2% to 1.44 mb/d last week.
CFTC COT
| December 23, 2013
Commitments of Traders Report – December 23, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 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 and WTI , but decreased in Brent, gasoline and heating oil during the reference week. Non-commercials increased net length in natural gas by +62.6 to +320.7k in futures and by +79.8 to +458.8k in futures .....
NORTH AMERICAN RIG WATCH
| December 20, 2013
December 20, 2013
Baker Hughes shows 1,767 active rigs as of December 20, 2013, lower by -13 from the previous week. Oil rigs decreased by -16 to 1,395 (ht: -12; vt-dir: -4) while gas-directed rigs increased by +3 to 372 (ht: +7; vt-dir: -4). Horizontal oil rigs decreased by -3 to 153 in the Bakken (ND) and fell by -4 to 177 in the Eagle Ford (TX). Gas-directed horizontal rigs increased by +4 to 27 in the Marcellus (WV).
EIA NG STORAGE REPORT
| December 19, 2013
December 19, 2013
EIA reported a record-breaking -285 bcf withdrawal for the week ending December 13 (Bloomberg median -263 bcf, Bloomberg whisper: -275 bcf). The 26 estimates submitted to Bloomberg varied from —280 bcf to -220 bcf with a standard deviation of 15 bcf. Our model showed -281 bcf. Nationwide natural gas-weighted HDDs increased by -88 to 253. Total US: -285 bcf ( LCMC : -281 bcf, Bloomberg median: -263 bcf) East: -132 bcf West: -54 bcf Producing: -99 bcf (Salt: -32 bcf, Non-Salt: -66 bcf) W.....
NGL MARKET RECAP
| December 18, 2013
December 18, 2013
Propane: US propane inventories fell by -2.7m bbl to 50.0m bbl for the week ended December 13, 2013, which is -10.7m bbl below the five-year average. PADD 3 inventories fell by -4.3% to 27.1m bbl. PADD 2 stocks fell -5.8%, or -988k bbl, to 16.0m bbl, and in PADD 1, stocks declined by -266k bbl to 4.2m bbl. Implied demand increased +4% to 1.62 mb/d; imports declined by -9% to 121 kb/d and production dropped -5% to 1.41 mb/d last week.
CFTC COT
| December 16, 2013
Commitments of Traders Report – December 16, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 10. 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, WTI , gasoline and heating oil, but decreased in Brent during the reference week. Non-commercials increased net length in natural gas by +101.5 to +258.1k in futures and by +128.9 to +379.0k in futures a.....