NORTH AMERICAN RIG WATCH
| April 29, 2022
April 29, 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 696 active rigs as of April 29, 2022, higher by +3 from the previous week. Oil rigs increased by +3 to 552 (ht: +4; vt-dir: -1), and gas-directed rigs were unchanged at 144 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +1 in Bakken (MT), by +1 in Bakken (ND), by +1 in Eagle Ford (TX), by +1 in P.....
EIA NG STORAGE REPORT
| April 28, 2022
April 28, 2022
Dear , The EIA reported a +40 bcf injection, 2 bcf greater than our estimate of +38 bcf and the Bloomberg median of +38 bcf. Our models are currently showing storage activity of +64, +82, +94, +107, +111, +106 bcf over the next six weeks for a total of +564 bcf, compared to +501 bcf for the same period last year and the five-year average of +544 bcf.
NGL MARKET RECAP
| April 27, 2022
April 27, 2022 [Correction]
Dear , Correction: The Canada Energy Regulator has corrected its April 1 inventory data for Eastern Canada. We have updated our report accordingly. 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
| April 26, 2022
April 26, 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 April 21, 2022: LCMC 6-wk NG storage estimate: +38, +73, +88, +108, +112, +117. Total +536 vs +421 LY and +496 5-yr avg. This week by region: E: +1; MW: +2, MTN: +0, PAC: +2; SC: +33 (S: +15, NS: +18). 5 analysts reported on BBG with an average of +41 bcf. Total net exp.....
CFTC COT
| April 22, 2022
April 22, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 19. 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 and gasoline , but decreased in natural gas, WTI, heating oil and gasoil during the reference week. Non-commercials net length in natural gas decreased by -11.4k to +234.5k in futures and .....
NORTH AMERICAN RIG WATCH
| April 22, 2022
April 22, 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 693 active rigs as of April 22, 2022, higher by +2 from the previous week. Oil rigs increased by +1 to 549 (ht: +2; vt-dir: -1), and gas-directed rigs increased by +1 to 144 (ht: unch; vt-dir: +1). Horizontal oil rigs increased by +2 in Bakken (ND) and by +1 in Other areas not associated with a specific play.....
EIA NG STORAGE REPORT
| April 21, 2022
April 21, 2022
Dear , The EIA reported a +53 bcf injection, 7 bcf greater than our estimate of +46 bcf and 13 bcf greater than the Bloomberg median of +40 bcf. Included in this report are updated seasonal balances for Summer 2022 and Winter 2022/23. Our models are currently showing storage activity of +37, +73, +80, +104, +107, +111 bcf over the next six weeks for a total of +512 bcf, compared to +492 bcf for the same period last year and the five-year average of +528 bcf.
NGL MARKET RECAP
| April 20, 2022
April 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
| April 19, 2022
April 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 April 14, 2022: LCMC 6-wk NG storage estimate: +46, +38, +91, +87, +109, +114. Total +485 vs +362 LY and +439 5-yr avg. This week by region: E: +8; MW: +6, MTN: +0, PAC: +0; SC: +32 (S: +15, NS: +17). 2 analysts reported on BBG with an average of +37 bcf. Total net expo.....
CFTC COT
| April 18, 2022
April 18, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended April 12. 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, Brent, heating oil and gasoil , but decreased in WTI and gasoline during the reference week. Non-commercials net length in natural gas declined by -2.4k to +245.9k in futures and gr.....