CFTC COT
| July 14, 2023
July 14, 2023
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 11. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas, WTI, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas increased by +10.0k to +30.2k in futures and rose by +8.6k to +145......
NORTH AMERICAN RIG WATCH
| July 14, 2023
July 14, 2023
Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 670 active rigs as of July 14, 2023, lower by -5 from the previous week. Oil rigs decreased by -3 to 537 (ht: -2; vt-dir: -1), and gas-directed rigs decreased by -2 to 133 (ht: -3; vt-dir: +1). Horizontal oil rigs increased by +3 in Permian (NM), by +1 in Bakken (ND) and by +3 in Other areas not associated w.....
EUROPEAN NG TRADE
| July 14, 2023
July 14, 2023
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.
EIA NG STORAGE REPORT
| July 14, 2023
July 13, 2023
Dear , The EIA reported a +49 bcf injection, matching our projection and 1 bcf less than Bloomberg’s median estimate of +50 bcf. Our models are currently showing storage activity of +54, +29, +32, +37, +46, and +51 bcf over the next six weeks for a total of +250 bcf, compared to +210 bcf for the same period last year and the five-year average of +248 bcf.
NGL MARKET RECAP
| July 12, 2023
July 12, 2023
Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios.
SPECTRUM
| July 12, 2023
July 11, 2023
Dear , Please find below the link to this week's detailed inventory forecast, our 6-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending July 6, 2023: LCMC 6-wk NG storage estimate: +49, +54, +31, +39, +45, and +46 bcf. Total +265 bcf vs +214 bcf LY and +255 bcf 5-yr avg. This week by region: E: +11; MW: +15, MTN: +7, PAC: +11; SC: +5 (S: -3, NS: +8). Total net exports averaged 13.69 bcf/d, up by +1.53 b.....
EIA NG STORAGE REPORT
| July 10, 2023
July 07, 2023 (Correction)
Dear , Note: The latest publication includes the corrected US and Canadian storage charts/tables for the reference week on page 2-17. The EIA estimated that the implied flow for the reference week was a build of +68 bcf in the Lower 48 states. That compares to our call and Bloomberg’s median forecast of +65 bcf. However, with 4 bcf base gas being reclassified as working gas in the Non-salt South Central region, the EIA reported a net working gas inventory change of +18 bcf in that region and a t.....
CFTC COT
| July 09, 2023
July 09, 2023
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 04. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas, WTI, Brent and heating oil , but decreased in gasoline and gasoil during the reference week. Non-commercials net length in natural gas rose by +21.5k to +20.1k in futures and grew by.....
NORTH AMERICAN RIG WATCH
| July 07, 2023
July 07, 2023
Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 675 active rigs as of July 07, 2023, higher by +6 from the previous week. Oil rigs decreased by -5 to 540 (ht: -6; vt-dir: +1), and gas-directed rigs increased by +11 to 135 (ht: +11; vt-dir: unch). Horizontal oil rigs decreased by -4 in Permian (NM), by -1 in Eagle Ford (TX) and by -1 in Permian (TX). Horiz.....
EUROPEAN NG TRADE
| July 07, 2023
July 07, 2023
Dear , Please find below the link to this week's European natural gas trade and storage estimates, either in units of bcf/d or MMcm/d. European flows and storage inventories include nations in the EU-27 plus the United Kingdom, but discount the five Baltic States (Estonia, Finland, Latvia, Lithuania, and Sweden), as well as Malta and Cyprus.