NORTH AMERICAN RIG WATCH
| February 25, 2022
February 25, 2022
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 649 active rigs as of February 25, 2022, higher by +5 from the previous week. Oil rigs increased by +2 to 522 (ht: +1; vt-dir: +1), and gas-directed rigs increased by +3 to 127 (ht: +3; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (TX) and by +1 in Permian (NM), while declining by -1 in Anad.....
EIA NG STORAGE REPORT
| February 24, 2022
February 24, 2022
Dear , The EIA reported a -129 bcf withdrawal, 6 bcf greater than our estimate of -123 bcf and 3 bcf greater than the Bloomberg median of -126 bcf. The following report contains commentary on an article co-authored by Ken Griffin, Founder and CEO of Citadel, as well as updated seasonal balances for Winter 2021/22 and Summer 2022. Our models are currently showing storage activity of -129, -117, -65, -35, -8, +17 bcf over the next six weeks for a total of -337 bcf, compared to -210 bcf for the sa.....
NGL MARKET RECAP
| February 24, 2022
February 24, 2022
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 and Butane Arbitrage are not available today, due to an issue with our data provider.
SPECTRUM
| February 23, 2022
February 23, 2022
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 17, 2022: LCMC 6-wk NG storage estimate: -123, -120, -104, -64, -44, -8. Total -463 vs -553 LY and -500 5-yr avg. This week by region: E: -41; MW: -47, MTN: -8, PAC: +0; SC: -27 (S: -2, NS: -25). 5 analysts reported on BBG with an average estimate of -145 bcf. .....
CFTC COT
| February 18, 2022
February 18, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 15. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials decreased net length in natural gas, WTI, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas declined by -26.9k to +238.4k in futures and decreased by -34.0.....
NORTH AMERICAN RIG WATCH
| February 18, 2022
February 18, 2022
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 644 active rigs as of February 18, 2022, higher by +10 from the previous week. Oil rigs increased by +4 to 520 (ht: +8; vt-dir: -4), and gas-directed rigs increased by +6 to 124 (ht: +7; vt-dir: -1). Horizontal oil rigs increased by +5 in Permian (TX), by +1 in Anadarko (OK), by +1 in Bakken (ND) and by +1 i.....
EIA NG STORAGE REPORT
| February 17, 2022
February 17, 2022
Dear , The EIA reported a -190 bcf withdrawal, 13 bcf less than our estimate of -203 bcf and 5 bcf less than the Bloomberg median of -195 bcf. Our models are currently showing storage activity of -124, -112, -147, -78, -50, -16 bcf over the next six weeks for a total of -527 bcf, compared to -553 bcf for the same period last year and the five-year average of -500 bcf.
NGL MARKET RECAP
| February 16, 2022
February 16, 2022
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 and Butane Arbitrage are not available today, due to an issue with our data provider.
SPECTRUM
| February 15, 2022
February 15, 2022
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. This week's report also contains updated seasonal balances for Winter 2021/22 and Summer 2022. For the week ending February 10, 2022: LCMC 6-wk NG storage estimate: -203, -131, -111, -101, -61, -36. Total -643 vs -788 LY and -631 5-yr avg. This week by region: E: -46; MW: -58, MTN: -9, PAC.....
CFTC COT
| February 12, 2022
February 12, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 08. 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 and gasoil , but decreased in Brent, gasoline and heating oil during the reference week. Non-commercials net length in natural gas decreased by -8.2k to +265.2k in futures and.....