NORTH AMERICAN RIG WATCH
| September 20, 2024
September 20, 2024
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 584 active rigs as of September 20, 2024, lower by -1 from the previous week. Oil rigs were unchanged at 488 (ht: +1; vt-dir: -1), and gas-directed rigs decreased by -1 to 96 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +2 in Eagle Ford (TX) and by +2 in Permian (TX), while declining by -1 in Per.....
EUROPEAN NG TRADE
| September 20, 2024
September 20, 2024
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.
EIA NG STORAGE REPORT
| September 19, 2024
September 19, 2024
Dear , The EIA reported an injection of +58 bcf for the week ending September 12, 5 bcf higher than our prediction and Bloomberg’s median estimate of +53 bcf. Our models are currently showing storage activity of +51, +47, +66, +65, +54 and +37 bcf over the next six weeks for a total of +320 bcf, compared to +507 bcf for the same period last year and the five-year average of +515 bcf.
NGL MARKET RECAP
| September 18, 2024
September 18, 2024
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.
SPECTRUM
| September 17, 2024
September 17, 2024
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 September 12, 2024: LCMC 6-wk NG storage estimate: +53, +51, +44, +67, +67, and +66 bcf. Total +348 bcf vs +491 bcf LY and +528 bcf 5-yr avg. This week by region: E: +22; MW: +26, MTN: +4, PAC: -4; SC: +5 (S: +2, NS: +3). There are currently 2 analysts reporting on Bloo.....
CFTC COT
| September 13, 2024
September 13, 2024
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 10. 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 , but decreased in WTI, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas grew by +23.5k to +26.6k in futures and rose .....
NORTH AMERICAN RIG WATCH
| September 13, 2024
September 13, 2024
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 585 active rigs as of September 13, 2024, higher by +8 from the previous week. Oil rigs increased by +5 to 488 (ht: +4; vt-dir: +1), and gas-directed rigs increased by +3 to 97 (ht: -1; vt-dir: +4). Horizontal oil rigs increased by +1 in Anadarko (OK), by +1 in Permian (NM) and by +3 in Other areas not assoc.....
EUROPEAN NG TRADE
| September 13, 2024
September 13, 2024
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.
EIA NG STORAGE REPORT
| September 12, 2024
September 12, 2024
Dear , The EIA reported an injection of +40 bcf for the week ending September 5, 3 bcf lower than our prediction of +43 bcf and 8 bcf smaller than Bloomberg’s median estimate of +48 bcf. Our models are currently showing storage activity of +53, +49, +59, +68, +69 and +71 bcf over the next six weeks for a total of +369 bcf, compared to +491 bcf for the same period last year and the five-year average of +528 bcf.
NGL MARKET RECAP
| September 11, 2024
September 11, 2024
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.