SPECTRUM | February 21, 2023
February 21, 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 February 9, 2023: LCMC 6-wk NG storage estimate: -60, -72, -130, -93, -60, and -39 bcf. Total -454 vs -527 LY and -548 5-yr avg. This week by region: E: -12; MW: -22, MTN: -8, PAC: -10; SC: -8 (S: unch, NS: -8). No analysts reported their forecasts on BBG. Total net exp.....
EUROPEAN NG TRADE | February 17, 2023
February 17, 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 | February 17, 2023
February 17, 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 758 active rigs as of February 17, 2023, lower by -1 from the previous week. Oil rigs decreased by -2 to 607 (ht: -1; vt-dir: -1), and gas-directed rigs increased by +1 to 151 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Permian (TX) and by +1 in Other areas not asso.....
EIA NG STORAGE REPORT | February 17, 2023
February 17, 2023
Dear , The EIA reported a -100 bcf withdrawal, 15 bcf less than our call of -115 bcf and 8 bcf less than the Bloomberg median of -108 bcf. Our models are currently showing storage activity of -66, -85, -123, -81, -63, and -40 bcf over the next six weeks for a total of -458 bcf, compared to -527 bcf for the same period last year and the five-year average of -548 bcf.
NGL MARKET RECAP | February 15, 2023
February 15, 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 | February 15, 2023
February 14, 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 February 9, 2023: LCMC 6-wk NG storage estimate: -115, -76, -120, -125, -87, -70 bcf. Total -593 vs -736 LY and -698 5-yr avg. This week by region: E: -37; MW: -36, MTN: -7, PAC: -4; SC: -31 (S: -13, NS: -18). 6 analysts reported on BBG with a median of -92 bcf. Total n.....
EUROPEAN NG TRADE | February 10, 2023
February 10, 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 | February 10, 2023
February 10, 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 759 active rigs as of February 10, 2023, higher by +2 from the previous week. Oil rigs increased by +10 to 609 (ht: +7; vt-dir: +3), and gas-directed rigs decreased by -8 to 150 (ht: -7; vt-dir: -1). Horizontal oil rigs increased by +11 in Permian (NM), by +2 in Anadarko (OK) and by +1 in Bakken (ND), while .....
EIA NG STORAGE REPORT | February 10, 2023
February 10, 2023
Dear , The EIA reported a -217 bcf withdrawal, 7 bcf greater than our call of -210 bcf and 16 bcf greater than the Bloomberg median of -201 bcf. Our models are currently showing storage activity of -119, -80, -123, -106, -85, -67 bcf over the next six weeks for a total of -580 bcf, compared to -736 bcf for the same period last year and the five-year average of -698 bcf.
NGL MARKET RECAP | February 08, 2023
February 08, 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.