SPECTRUM
| May 31, 2023
May 30, 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 May 25, 2023: LCMC 6-wk NG storage estimate: +108, +116, +105, +92, +65, and +55 bcf. Total +541 vs +496 LY and +514 5-yr avg. This week by region: E: +33; MW: +28, MTN: +8, PAC: +13; SC: +26 (S: +9, NS: +17). Total net exports averaged 14.41 bcf/d, up by +0.27 bcf/d f.....
CFTC COT
| May 26, 2023
May 26, 2023
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 23. 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, Brent, gasoline and gasoil , but decreased in WTI and heating oil during the reference week. Non-commercials net length in natural gas rose by +28.1k to -66.0k in futures and increase.....
EUROPEAN NG TRADE
| May 26, 2023
May 26, 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.
NORTH AMERICAN RIG WATCH
| May 26, 2023
May 26, 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 707 active rigs as of May 26, 2023, lower by -9 from the previous week. Oil rigs decreased by -5 to 570 (ht: -6; vt-dir: +1), and gas-directed rigs decreased by -4 to 137 (ht: -2; vt-dir: -2). Horizontal oil rigs increased by +2 in Permian (TX) and by +1 in Anadarko (TX), while declining by -1 in Permian (NM.....
EIA NG STORAGE REPORT
| May 26, 2023
May 25, 2023
Dear , The EIA reported a +96 bcf injection, 3 bcf more than our call of +93 bcf and 5 bcf less than Bloomberg’s median estimate of 101 bcf. Our models are currently showing storage activity of +107, +117, +104, +72, +64, and +54 bcf over the next six weeks for a total of +517 bcf, compared to +496 bcf for the same period last year and the five-year average of +514 bcf.
NGL MARKET RECAP
| May 24, 2023
May 24, 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. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage, Butane Arbitrage and Mont Belvieu LST NGL Frac Spreads are not available today, due to an issue with our data provider.
SPECTRUM
| May 23, 2023
May 23, 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 May 18, 2023: LCMC 6-wk NG storage estimate: +93, +101, +110, +87, +65, and +56 bcf. Total +512 vs +520 LY and +547 5-yr avg. This week by region: E: +32; MW: +23, MTN: +7, PAC: +13; SC: +18 (S: +4, NS: +14). There are currently 6 analysts reporting on Bloomberg with a .....
CFTC COT
| May 19, 2023
May 19, 2023
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended May 16. 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, gasoline, heating oil and gasoil , but decreased in WTI and Brent during the reference week. Non-commercials net length in natural gas grew by +19.5k to -94.1k in futures and increase.....
EUROPEAN NG TRADE
| May 19, 2023
May 19, 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.
NORTH AMERICAN RIG WATCH
| May 19, 2023
May 19, 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 716 active rigs as of May 19, 2023, lower by -11 from the previous week. Oil rigs decreased by -11 to 575 (ht: -10; vt-dir: -1), and gas-directed rigs were unchanged at 141 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +1 in Permian (NM), while declining by -4 in Permian (TX), by -3 in Eagle For.....