CFTC COT
| January 28, 2022
January 28, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 25. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in Brent, heating oil and gasoil , but decreased in natural gas, WTI and gasoline during the reference week. Non-commercials net length in natural gas fell by -3.2k to +264.9k in futures and decr.....
NORTH AMERICAN RIG WATCH
| January 28, 2022
January 28, 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 610 active rigs as of January 28, 2022, higher by +6 from the previous week. Oil rigs increased by +4 to 495 (ht: +7; vt-dir: -3), and gas-directed rigs increased by +2 to 115 (ht: +2; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (TX), by +2 in Anadarko (OK) and by +3 in Other areas not asso.....
EIA NG STORAGE REPORT
| January 27, 2022
January 27, 2022
Dear , The EIA reported a -219 bcf withdrawal, 5 bcf greater than our estimate of -214 bcf and 4 bcf greater than the Bloomberg median of -215 bcf. This report contains updated seasonal balances for Winter 2021/22 and Summer 2022, as well as commentary on the state of Salt inventories. Our models are currently showing storage activity of -288, -231, -217, -173, -141, -120 bcf over the next six weeks for a total of -1,158 bcf, compared to -1,099 bcf for the same period last year and the five-yea.....
NGL MARKET RECAP
| January 26, 2022
January 26, 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
| January 25, 2022
January 25, 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 January 20, 2022: LCMC 6-wk NG storage estimate: -214, -281, -229, -177, -168, -143. Total -1212 vs -1177 LY and -879 5-yr avg. This week by region: E: -56; MW: -68, MTN: -8, PAC: +1; SC: -83 (S: -28, NS: -55). 3 analysts reported on BBG with an average estimate of -208.....
CFTC COT
| January 21, 2022
January 21, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 18. 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 gasoline , but decreased in heating oil and gasoil during the reference week. Non-commercials net length in natural gas grew by +33.5k to +268.1k in futures and ros.....
NORTH AMERICAN RIG WATCH
| January 21, 2022
January 21, 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 604 active rigs as of January 21, 2022, higher by +3 from the previous week. Oil rigs decreased by -1 to 491 (ht: unch; vt-dir: -1), and gas-directed rigs increased by +4 to 113 (ht: +3; vt-dir: +1). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Bakken (ND) and by +1 in Permian (TX), while d.....
EIA NG STORAGE REPORT
| January 20, 2022
January 20, 2022
Dear , The EIA reported a -206 bcf withdrawal, 3 bcf greater than our estimate of -203 bcf and 8 bcf greater than the Bloomberg median of -198 bcf. Our models are currently showing storage activity of -215, -289, -211, -195, -168, -147 bcf over the next six weeks for a total of -1,225 bcf, compared to -1,177 bcf for the same period last year and the five-year average of -879 bcf.
NGL MARKET RECAP
| January 20, 2022
January 20, 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
| January 19, 2022
January 19, 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 January 13, 2022: LCMC 6-wk NG storage estimate: -203, -212, -280, -230, -187, -166. Total -1278 vs -1224 LY and -948 5-yr avg. This week by region: E: -61; MW: -64, MTN: -8, PAC: -5; SC: -65 (S: -21, NS: -44). 6 analysts reported on BBG with an average estimate of -194.....