SPECTRUM | December 21, 2021
December 21, 2021
Dear , Please find below the link to this week's detailed inventory forecast, our 4-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending December 16, 2021: LCMC 4-wk NG storage estimate: -58, -136, -89, -186. Total -469 vs -528 LY and -537 5-yr avg. This week by region: E: -10; MW: -14, MTN: -9, PAC: -14; SC: -12 (S: +0, NS: -12). 2 analysts reported on BBG with an average of -52 bcf. Total net exports a.....
CFTC COT | December 17, 2021
December 17, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 14. 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 and gasoline , but decreased in WTI, Brent, heating oil and gasoil during the reference week. Non-commercials net length in natural gas rose by +3.9k to +225.4k in futures and gre.....
NORTH AMERICAN RIG WATCH | December 17, 2021
December 17, 2021
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 579 active rigs as of December 17, 2021, higher by +3 from the previous week. Oil rigs increased by +4 to 475 (ht: +1; vt-dir: +3), and gas-directed rigs decreased by -1 to 104 (ht: -1; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (TX), by +1 in Eagle Ford (TX) and by +1 in Other areas not ass.....
EIA NG STORAGE REPORT | December 16, 2021
December 16, 2021
Dear , The EIA reported a -88 bcf withdrawal, equal to our own estimate and the Bloomberg median. This report contains updated balances for Winter 2021/22 and Summer 2022. Our models are currently showing storage activity of -55, -137, -137, -176 bcf over the next four weeks for a total of -505 bcf, compared to -528 bcf for the same period last year and the five-year average of -537 bcf
NGL MARKET RECAP | December 15, 2021
December 15, 2021
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 | December 14, 2021
December 14, 2021
Dear , Please find below the link to this week's detailed inventory forecast, our 4-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending December 9, 2021: LCMC 4-wk NG storage estimate: -88, -57, -127, -139. Total -411 vs -512 LY and -496 5-yr avg. This week by region: E: -27; MW: -37, MTN: -7, PAC: -4; SC: -13 (S: +1, NS: -14). 3 analysts reported on BBG with an average of -83 bcf. Total net exports ave.....
CFTC COT | December 10, 2021
December 10, 2021
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 07. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline and gasoil , but decreased in natural gas, WTI, Brent and heating oil during the reference week. Non-commercials net length in natural gas fell by -33.3k to +221.5k in futures and de.....
NORTH AMERICAN RIG WATCH | December 10, 2021
December 10, 2021
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 576 active rigs as of December 10, 2021, higher by +7 from the previous week. Oil rigs increased by +4 to 471 (ht: +4; vt-dir: unch), and gas-directed rigs increased by +3 to 105 (ht: +4; vt-dir: -1). Horizontal oil rigs increased by +3 in Anadarko (OK), by +3 in Permian (NM) and by +1 in Eagle Ford (TX), wh.....
EIA NG STORAGE REPORT | December 09, 2021
December 9, 2021
Dear , The EIA reported a -59 bcf withdrawal, 1 bcf greater than our estimate of -58 bcf and 3 bcf greater than the Bloomberg median of -56 bcf. This report includes extended EIA and Canadian storage tables. Our models are currently showing storage activity of -90, -56, -113, -154 bcf over the next four weeks for a total of -413 bcf, compared to -512 bcf for the same period last year and the five-year average of -496 bcf.
NGL MARKET RECAP | December 08, 2021
December 8, 2021
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.