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 ).
EIA NG STORAGE REPORT
| March 13, 2014
March 13, 2014
EIA reported a -195 bcf withdrawal for the week ending March 6 (Bloomberg median -200 bcf, Bloomberg whisper: -201 bcf). The 24 estimates submitted to Bloomberg varied from -210 bcf to -180 bcf with a standard deviation of 8 bcf. Our model showed -199 bcf. Nationwide natural gas-weighted HDDs increased by +39 to 239, while nationwide electricity-weighted cooling degree days reported by NOAA went down by -1 to 2 CDDs. Total US: -195 bcf ( LCMC : -199 bcf, Bloomberg median: -200 bcf) East: .....
NGL MARKET RECAP
| March 12, 2014
March 12, 2014
Propane: US propane inventories fell by -1.1m bbl to 26.1m bbl for the week ended March 7, 2014. PADD 3 inventories decreased by -1%, or -114k bbl, to 15.5m bbl. PADD 2 stocks decreased by -11%, or -922k bbl, to 7.6m bbl. In PADD 1, stocks rose by +3% or +64k bbl to 2.0m bbl. Implied demand increased +4% to 1.32 mb/d; imports fell by -20% to 212 kb/d and production fell -8% to 1.32 mb/d last week.
CFTC COT
| March 10, 2014
Commitments of Traders Report – March 10, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 04. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in Brent, gasoline and WTI , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas fell by -67.8k to +411.4k in futures and decreased by -65.3k to +517.2k in.....
NORTH AMERICAN RIG WATCH
| March 07, 2014
March 7, 2014
Baker Hughes shows 1,788 active rigs as of March 7, 2014, higher by +23 from the previous week. Oil rigs increased by +13 to 1,443 (ht: +13; vt-dir: 0) while gas-directed rigs increased by +10 to 345 (ht: +8; vt-dir: +2). Horizontal oil rigs increased by +8 to 199 in the Permian (TX) and vertical/directional oil rigs increased by +7 to 201 in the Permian (TX). Gas-directed horizontal rigs increased by +5 to 27 in the Eagle Ford (TX).