EIA NG STORAGE REPORT
| December 12, 2013
December 5, 2013
EIA reported a -81 bcf withdrawal for the week ending December 6 (Bloomberg median -85 bcf, Bloomberg whisper: -84 bcf). The 25 estimates submitted to Bloomberg varied from -75 bcf to -107 bcf with a standard deviation of 8 bcf. Our model showed -93 bcf. Nationwide natural gas-weighted HDDs decreased by -35 to 165. Total US: -81 bcf ( LCMC : -93 bcf, Bloomberg median: -85 bcf) East: -46 bcf West: -26 bcf Producing: -9 bcf (Salt: +6 bcf, Non-Salt: -15 bcf) Today’s draw came in much weak.....
NGL MARKET RECAP
| December 11, 2013
December 11, 2013
Propane: US propane inventories fell by -1.7m bbl to 52.6m bbl for the week ended December 6, 2013, which is -10.6m bbl below the five-year average. PADD 3 inventories increased for the first time in 12 weeks, adding a scant +100k bbl to stand at 28.3m bbl. PADD 2 stocks drew -1.5m bbl to 17m bbl reflecting heightened demand for the heating fuel, similar to PADD 1, where stocks declined by -189k bbl to 4.5m bbl. Implied demand decreased -7% to 1.56 mb/d; imports increased by +6% to 133 k.....
CFTC COT
| December 09, 2013
*Expanded Coverage* of the Commitments of Traders Report – December 9, 2013
We are expanding our total market natural gas coverage by adding two new contracts: NYMEX Natural Gas Last Day Financial and ICE Natural Gas Penultimate. The ICE Natural Gas Penultimate contract was converted from an OTC swap to a futures contract in November 2012, however, despite its size, the CFTC began reporting data for this contract on May 7, 2013. Upon our inquiry, the CFTC responded that the Commission “had the confidence in the data to report it” on that date. Please f.....
NORTH AMERICAN RIG WATCH
| December 06, 2013
December 6, 2013
Baker Hughes shows 1,772 active rigs as of December 6, 2013, higher by +14 from the previous week. Oil rigs increased by +6 to 1,397 (ht: +6; vt-dir: unch.), while gas-directed rigs increased by +8 to 375 (ht: +5; vt-dir: +3). Horizontal oil rigs increased by +3 to 93 in Anadarko (OK) and by +2 in Permian (NM), but decreased by -2 to 182 in Eagle Ford (TX). Gas-directed horizontal rigs increased by +3 to 16 in Eagle Ford (TX) and by +2 to 21 in Haynesville (TX).
EIA NG STORAGE REPORT
| December 05, 2013
December 5, 2013
EIA reported a -162 bcf withdrawal for the week ending November 29 (Bloomberg median -146 bcf, Bloomberg whisper: -150 bcf). The 24 estimates submitted to Bloomberg varied from -126 bcf to -154 bcf with a standard deviation of 8 bcf. Our model showed -154 bcf. Nationwide natural gas-weighted HDDs increased by +79 to 200. Total US: -162 bcf ( LCMC : -154 bcf, Bloomberg median: -146 bcf) East: -78 bcf West: -16 bcf Producing: -68 bcf (Salt: -28 bcf, Non-Salt: -40 bcf) We expected to see .....
NGL MARKET RECAP
| December 04, 2013
December 4, 2013
Propane: US propane inventories fell by -2.7m bbl to 54.3m bbl for the week ended November 29, 2013, which is -9.8m bbl below the five-year average. PADD 3 inventories fell to their lowest levels since the end of May, and currently stand at 28.2m bbl. PADD 2 stocks drew -0.4m bbl while PADD 1 stocks posted a small gain. Implied demand increased +10.4% to 1.68 mb/d; imports were down by -6.0% to 126 kb/d and production was slightly lower at 1.46 mb/d last week.
CFTC COT
| December 02, 2013
Commitments of Traders Report – December 2, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended November 26. 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 +61.2k to +133.6k in futures and by +47.3k to +184.9k in futures and options. The p.....
NGL MARKET RECAP
| November 27, 2013
November 27, 2013
Propane: US propane inventories fell by -1.4m bbl to 56.9m bbl for the week ended November 22, 2013, which is -7.2m bbl below the five-year average. PADD 3 inventories fell for the ninth consecutive week, this time by -0.8m bbl and PADD 2 stocks by -0.6m bbl. Implied demand decreased -8.8% to 1.52 mb/d; imports jumped +9.8% to 134 kb/d and production was slightly higher at 1.47 mb/d last week.
NORTH AMERICAN RIG WATCH
| November 27, 2013
November 27, 2013
Baker Hughes shows 1,758 active rigs as of November 27, 2013, higher by +2 from the previous week. Oil rigs increased by +4 to 1,391 (ht: -1; vt-dir: +5) while gas-directed rigs decreased by -2 to 367 (ht: +1; vt-dir: -3). Horizontal oil rigs increased by +5 to 40 in areas of Oklahoma not currently identified with an established resource play and decreased by -2 to 90 in the Anadarko (OK). Gas-directed horizontal rigs decreased by -4 to 10 in areas of Oklahoma not currently identified with an es.....
EIA NG STORAGE REPORT
| November 27, 2013
November 27, 2013
EIA reported a -13 bcf withdrawal for the week ending November 22 (Bloomberg median -13 bcf, Bloomberg whisper: -11 bcf). The 24 estimates submitted to Bloomberg varied from -21 bcf to -1 bcf with a standard deviation of 4 bcf. Our model showed -6 bcf. Nationwide natural gas-weighted HDDs decreased by -17 to 121. Total US: -13 bcf ( LCMC : -6 bcf, Bloomberg median: -13 bcf) East: -14 bcf West: -6 bcf Producing: +7 bcf (Salt: +4 bcf, Non-Salt: +3 bcf) Today’s withdrawal came in higher t.....