EIA NG STORAGE REPORT
| August 18, 2011
+50 bcf
EIA reported a +50 bcf build for the week ended August 12. This was just slightly above consensus estimates (Bloomberg median +47 bcf) and the prior 5-year average (+43 bcf) but well above the year-ago build (+28 bcf). On both year-ago and week-ago bases, this build makes balances appear looser; however, it should be noted that both last year’s build and last week’s build were bullish surprises. Even so, this week’s +50 bcf build combined with forecasts for milder weather going forward and a le.....
CFTC COT
| August 12, 2011
Commitment of Traders Report - August 12, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 9. 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. This week’s data reflects the recent sell-off in global markets across the petroleum complex, natural gas and index investment in commodities. Non-commercial net length in the pe.....
NORTH AMERICAN RIG WATCH
| August 12, 2011
Schlumberger (Smith) STATS
STATS shows 1,800 active rigs as of August 12, 2011, compared to 1,779 a week ago. Oil rigs were up by 12 (ht: +1, vt-dir: +11), and gas rigs were up by 9 (ht: +6, vt-dir: +3). Statistical summary is attached.
EIA NG STORAGE REPORT
| August 11, 2011
+25 bcf
That was a bullish surprise! EIA reported a +25 bcf build for the week ended August 5. This was well below consensus estimates (Bloomberg median +35 bcf) and the year-ago build (+36 bcf) as well as below the prior 5-year average (+37 bcf). The market significantly overestimated this week’s build and, immediately following the announcement, the NYMEX front month contract jumped $0.20, hitting the $4.14/mmbtu mark. During the reference week, most of the producing region was — and still is — .....
CFTC COT
| August 05, 2011
Commitment of Traders Report - August 5, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 2. 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. Non-commercial net length declined across the petroleum complex during week ended August 2. We suspect that it was on account of the sell-off in global markets that started at th.....
NORTH AMERICAN RIG WATCH
| August 05, 2011
Schlumberger (Smith) STATS - NEW Report!
Dear clients, We are delighted to introduce our new report “U.S. Rig Watch – Schlumberger (Smith) STATS .” This new report contains oil and gas rigs broken by type (horizontal and vertical/directional), by target (oil and gas), and by formation/state in an easy-to-follow layout. U.S. Rig Watch will be published Fridays shortly after source data becomes available. Please do not hesitate to contact us at info@lcmc-research.com if you require any additional information or would like to prov.....
EIA NG STORAGE REPORT
| August 04, 2011
+44 bcf
EIA reported a bearish +44 bcf natural gas inventory build for the week ended July 29. This build exceeded consensus estimates (Bloomberg median +38 bcf and Bloomberg Whisper of +38 bcf) and the year-ago build (+29 bcf) but fell below the prior 5-year average (+47 bcf). This is the second consecutive week that the market has underestimated the storage build, and, immediately following the announcement, the NYMEX front month contract fell $0.11, breaking below the $4/mmbtu mark for the first t.....
CFTC COT
| July 29, 2011
Commitment of Traders Report - July 29, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 26. 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 July 26 was relatively uneventful for non-commercial net length in the petroleum complex. Non-commercial net length increased by 14.5k to 253.3k in futures, and by .....
EIA NG STORAGE REPORT
| July 28, 2011
+43 bcf
EIA reported a +43 bcf natural gas inventory build for the week ended July 22. This build was slightly higher than consensus estimates (Bloomberg median +38 bcf and Bloomberg Whisper of +37 bcf) and the year-ago build (+31 bcf) but below the prior 5-year average (+49 bcf). With heat ripping through the U.S. last week, this week’s build undoubtedly makes balances appear looser compared to last year. Pipeline flow models are based on day-ahead scheduled (not actual) flows. Given electric load.....
CFTC COT
| July 22, 2011
Commitment of Traders Report - July 22, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 19. 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. Non-commercials shifted back to a net long position in the natural gas market during the week ended July 19 (from last week’s net short position), as they increased their net long.....