EIA NG STORAGE REPORT
| March 13, 2014
March 13, 2014
EIA reported a -195 bcf withdrawal for the week ending March 6 (Bloomberg median -200 bcf, Bloomberg whisper: -201 bcf). The 24 estimates submitted to Bloomberg varied from -210 bcf to -180 bcf with a standard deviation of 8 bcf. Our model showed -199 bcf. Nationwide natural gas-weighted HDDs increased by +39 to 239, while nationwide electricity-weighted cooling degree days reported by NOAA went down by -1 to 2 CDDs. Total US: -195 bcf ( LCMC : -199 bcf, Bloomberg median: -200 bcf) East: .....
NGL MARKET RECAP
| March 12, 2014
March 12, 2014
Propane: US propane inventories fell by -1.1m bbl to 26.1m bbl for the week ended March 7, 2014. PADD 3 inventories decreased by -1%, or -114k bbl, to 15.5m bbl. PADD 2 stocks decreased by -11%, or -922k bbl, to 7.6m bbl. In PADD 1, stocks rose by +3% or +64k bbl to 2.0m bbl. Implied demand increased +4% to 1.32 mb/d; imports fell by -20% to 212 kb/d and production fell -8% to 1.32 mb/d last week.
CFTC COT
| March 10, 2014
Commitments of Traders Report – March 10, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 04. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in Brent, gasoline and WTI , but decreased in natural gas and heating oil during the reference week. Non-commercials net length in natural gas fell by -67.8k to +411.4k in futures and decreased by -65.3k to +517.2k in.....
NORTH AMERICAN RIG WATCH
| March 07, 2014
March 7, 2014
Baker Hughes shows 1,788 active rigs as of March 7, 2014, higher by +23 from the previous week. Oil rigs increased by +13 to 1,443 (ht: +13; vt-dir: 0) while gas-directed rigs increased by +10 to 345 (ht: +8; vt-dir: +2). Horizontal oil rigs increased by +8 to 199 in the Permian (TX) and vertical/directional oil rigs increased by +7 to 201 in the Permian (TX). Gas-directed horizontal rigs increased by +5 to 27 in the Eagle Ford (TX).
EIA NG STORAGE REPORT
| March 06, 2014
March 6, 2014
EIA reported a -152 bcf withdrawal for the week ending February 28 (Bloomberg median -140 bcf, Bloomberg whisper: -137 bcf). The 24 estimates submitted to Bloomberg varied from -155 bcf to -120 bcf with a standard deviation of 6 bcf. Our model showed -130 bcf. Nationwide natural gas-weighted HDDs increased by +17 to 200, while nationwide electricity-weighted cooling degree days reported by NOAA remained flat at 3 CDDs. Total US: -152 bcf ( LCMC : -130 bcf, Bloomberg median: -140 bcf) East.....
NGL MARKET RECAP
| March 05, 2014
March 5, 2014
In Focus: West coast LPG exports Crude oil and NGL marketer Petrogas will acquire Chevron’s LPG storage and loading facility in Ferndale, WA, eyeing LPG exports to Asia-Pacific. But few details about the project have emerged, and we would expect business as usual – with perhaps incrementally greater butane exports this summer – until the new owners are able to fully leverage their new asset. The facility has been given a capacity of 30 kb/d.
CFTC COT
| March 03, 2014
Commitments of Traders Report – March 03, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 25. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in heating oil, Brent and gasoline , but decreased in natural gas and WTI during the reference week. Non-commercials net length in natural gas increased by +14.5k to +479.1k in futures and fell by -11.9k to +582.6k.....
NORTH AMERICAN RIG WATCH
| February 28, 2014
February 28, 2014.
Baker Hughes shows 1,765 active rigs as of February 28, 2014, lower by -2 from the previous week. Oil rigs increased by +5 to 1,430 (ht: +5; vt-dir: 0), while gas-directed rigs decreased by -7 to 335 (ht: -6; vt-dir: -1). Horizontal oil rigs increased by +10 in the Permian (TX) and vertical/direction oil rigs increased by +4 to 23 in Permian (NM), while gas-directed horizontal rigs decreased by -3 to 22 in the Eagle Ford (TX).
EIA NG STORAGE REPORT
| February 27, 2014
February 27, 2014
EIA reported a -95 bcf withdrawal for the week ending February 21 (Bloomberg median -102 bcf, Bloomberg whisper: -98 bcf). The 26 estimates submitted to Bloomberg varied from -128 bcf to -90 bcf with a standard deviation of 9 bcf. Our model showed -92 bcf. Nationwide natural gas-weighted HDDs decreased by -82 to 183, while nationwide electricity-weighted cooling degree days reported by NOAA increased by +2 to 3 CDDs. Total US: -95 bcf ( LCMC : -92 bcf, Bloomberg median: -102 bcf) East: -7.....
NGL MARKET RECAP
| February 26, 2014
February 26, 2014
In Focus: Propane markets We think it may be a few months before the excitement surrounding the heating fuel and petrochemical feedstock dissipates. Although the weather has been warmer, forecasts for the end of February and March as a whole are significantly colder than normal, suggesting recent declines in prices at both Conway and Mont Belvieu may be more short lived. A couple of surprisingly large draws could once again challenge deliverability and distribution, putting upward pressure on .....