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.....
TTF WEEKLY REVIEW
| 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.
SPECTRUM
| February 08, 2023
February 07, 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 2, 2023: LCMC 6-wk NG storage estimate: -210, -132, -80, -109, -110, -91 bcf. Total -732 vs -910 LY and -823 5-yr avg. This week by region: E: -43; MW: -76, MTN: -11, PAC: -17; SC: -63 (S: -24, NS: -39). 6 analysts reported on BBG with a median of -201 bcf. Tot.....
TTF WEEKLY REVIEW
| February 03, 2023
February 03, 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 03, 2023
February 03, 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 757 active rigs as of February 03, 2023, lower by -12 from the previous week. Oil rigs decreased by -10 to 599 (ht: -4; vt-dir: -6), and gas-directed rigs decreased by -2 to 158 (ht: -1; vt-dir: -1). Horizontal oil rigs increased by +1 in Anadarko (OK) and by +1 in Monterey (CA), while declining by -2 in Per.....
EIA NG STORAGE REPORT
| February 02, 2023
February 2, 2023
Dear , The EIA reported an -151 bcf withdrawal, 2 bcf greater than our call of -149 bcf and 8 bcf greater than the Bloomberg median of -143 bcf. The EIA also posted a revised storage estimate for the week ending January 19, 2023, which adjusted the Midwest withdrawal 5 bcf lower than previously reported. As a result, the L48 withdrawal was lowered to -86 bcf (from -91 bcf), bringing it within 2 bcf of our -84 bcf estimate. Our models are currently showing storage activity of -212, -138, -118, -1.....