EIA NG STORAGE REPORT | June 30, 2011

+78 bcf

EIA reported a +78 bcf natural gas inventory build for the week ended June 24. This build came in below consensus estimates (Bloomberg median +80 bcf and Bloomberg Whisper of +81 bcf) but was still above both the prior 5-year average (+77 bcf) and year-ago builds (+63 bcf). NYMEX prices rose about 4% following the smaller-than-expected build. But weather adjusted, this week’s build actually indicates balances slightly looser compared to the same week last year, as well as, compared to prior.....


CFTC COT | June 24, 2011

Commitment of Traders Report - June 24, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 21. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The non-commercial net long position saw a sharp decline in WTI , as well as in gasoline and heating oil. Non-commercial WTI net length declined by 27.2k to 233.8k in futures,.....


EIA NG STORAGE REPORT | June 23, 2011

+98 bcf

EIA reported a +98 bcf natural gas inventory build for the week ended June 17. This build exceeded consensus estimates (Bloomberg median +90 bcf and Bloomberg Whisper of +92 bcf) rising above both the prior 5-year average (+86 bcf) and year-ago builds (+81 bcf). Weather adjusted, this week’s build indicates balances slightly looser on both year-ago and week-ago bases. With total U.S. inventories now at 2.35 tcf, in order to close the year-ago deficit by the end of October, an average +14 bcf (2.....


CFTC COT | June 17, 2011

Commitment of Traders Report - June 17, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 14. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The week ended June 14 was somewhat calm in relation to the tumult of the previous few weeks. Non-commercial net length experienced relatively moderate increases across the petrol.....


EIA NG STORAGE REPORT | June 16, 2011

+69 bcf

EIA reported an +69 bcf natural gas inventory build for the week ended June 10. This build was in line with consensus estimates (Bloomberg median +69 bcf and Bloomberg Whisper of +68 bcf) but fell below both the prior 5-year average (+87 bcf) and year-ago builds (+89 bcf). This week’s build indicates balances slightly tighter than both year-ago and week-ago balances. However, two key factors are contributing to balances appearing tighter this week, namely, a rebound from the holiday effect an.....


CFTC COT | June 10, 2011

Commitment of Traders Report - June 10, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 7. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The non-commercial net long position jumped steeply for the second consecutive week to reach its peak for the year in the natural gas market. Non-commercials boosted their net long.....


EIA NG STORAGE REPORT | June 09, 2011

+80 bcf

EIA reported an +80 bcf natural gas inventory build for the week ended June 3. This build was slightly above consensus estimates (Bloomberg median +78 bcf and Bloomberg Whisper of +76 bcf) but fell below both the prior 5-year average (+96 bcf) and year-ago builds (+98 bcf). This build indicates balances mostly in line with the same calendar week last year. And while the build suggests looser balances week-on-week, this is likely due to slightly higher supply, an underestimation of cooling dema.....


CFTC COT | June 03, 2011

June 03, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 31. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The non-commercial net long position climbed sharply in the natural gas market this week. Non-commercials increased their net long position by 61.4k to 65.8k in futures and swaps, .....


EIA NG STORAGE REPORT | June 02, 2011

+83 bcf

EIA reported a +83 bcf natural gas inventory build for the week ended May 27. This build was well below consensus estimates (Bloomberg median +94 bcf and Bloomberg Whisper of +90 bcf) and fell below both the prior 5-year average (+99 bcf) and year-ago builds (+90 bcf). With the NYMEX front month contract jumping nearly +$0.15 to $4.85 after the data release (it has since come back down to the mid-$4.70s), the market was certainly surprised by the smaller-than-expected build. And weather-adju.....


CFTC COT | May 27, 2011

May 27, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ending May 24. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The withdrawal of index investment from the commodities market continued for the fourth consecutive week, but was relatively lower at -$3.64 billion. Investors withdrew -$2.88 bil.....