NORTH AMERICAN RIG WATCH
| February 07, 2014
February 7, 2014
Baker Hughes shows 1,767 active rigs as of February 7, 2014, lower by -13 from the previous week. Oil rigs decreased by -6 to 1,416 (ht: +7; vt-dir: -13), while gas-directed rigs decreased by -7 to 351 (ht: -4; vt-dir: -3). Horizontal oil rigs increased by +5 to 170 in Permian (TX) and vertical/directional oil rigs decreased by -4 in the Bakken (ND) to 9, while horizontal gas-directed rigs increased by +2 to 25 in the Eagle Ford (TX).
EIA NG STORAGE REPORT
| February 07, 2014
February 6, 2014
EIA reported a -262 bcf withdrawal for the week ending January 31 (Bloomberg median -274 bcf, Bloomberg whisper: -276 bcf). The 25 estimates submitted to Bloomberg varied from -281 bcf to -253 bcf with a standard deviation of 7 bcf. Our model showed -279 bcf. Nationwide natural gas-weighted HDDs increased by +31 to 266, while nationwide electricity-weighted cooling degree days reported by NOAA remained at 0 CDDs. Total US: -262 bcf ( LCMC : -279 bcf, Bloomberg median: -274 bcf) East: -143.....
NGL MARKET RECAP
| February 06, 2014
February 6, 2014
Propane: US propane inventories fell by -0.8m bbl to 30.8m bbl for the week ended January 31, 2014, which is -12.7m bbl below the five-year average. PADD 3 inventories fell by -5.2%, or -1.0m bbl, to 17.7m bbl. PADD 2 stocks were up by +8.8%, or +0.8m bbl, to 9.6m bbl, which is 6.1m bbl below the five-year average. In PADD 1, stocks fell by -18% or -461k bbl to stand at 2.2m bbl. Implied demand decreased -21% to 1.31 mb/d; imports increased by +35% to 159 kb/d and production increased .....
CFTC COT
| February 03, 2014
Commitments of Traders Report – February 3, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 28. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, heating oil, Brent and WTI , but decreased in gasoline during the reference week. Non-commercials net length in natural gas increased by +49.7k to +455.6k in futures and rose by +58.5k to +586.0k in fu.....
NORTH AMERICAN RIG WATCH
| January 31, 2014
January 31, 2014
Baker Hughes shows 1,780 active rigs as of January 31, 2014, higher by +8 from the previous week. Oil rigs increased by +6 to 1,422 (ht: +5; vt-dir: +1), while gas-directed rigs increased by +2 to 358 (ht: -2; vt-dir: +4). Horizontal oil rigs increased by +2 to 44 in Anadarko (TX) and vertical/directional oil rigs decreased by -4 in the Eagle Ford (TX) to 23, while horizontal gas-directed rigs increased by +2 to 23 in the Eagle Ford (TX).
EIA NG STORAGE REPORT
| January 30, 2014
January 30, 2014
EIA reported a -230 bcf withdrawal for the week ending January 24 (Bloomberg median -231 bcf, Bloomberg whisper: -230 bcf). The 23 estimates submitted to Bloomberg varied from -249 bcf to -220 bcf with a standard deviation of 7 bcf. Our model showed -228 bcf. Nationwide natural gas-weighted HDDs increased by +66 to 235, while nationwide electricity-weighted cooling degree days reported by NOAA decreased by -2 to 0 CDDs. Total US: -230 bcf ( LCMC : -228 bcf, Bloomberg median: -231 bcf) Eas.....
NGL MARKET RECAP
| January 29, 2014
January 29, 2014
Propane: US propane inventories fell by -3.6m bbl to 31.7m bbl for the week ended January 24, 2014, which is -14.8m bbl below the five-year average. PADD 3 inventories fell by -7.2%, or -1.4m bbl, to 18.6m bbl. PADD 2 stocks fell -14%, or -1.4m bbl, to 8.8m bbl, which is 8.3m bbl below the five-year average. In PADD 1, stocks fell by -19% or -595k bbl to stand at 2.6m bbl. Implied demand decreased -5% to 1.65 mb/d; imports fell by -49% to 118 kb/d and production was unchanged at 1.40 m.....
CFTC COT
| January 27, 2014
Commitments of Traders Report – January 27, 2014
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 21. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline and heating oil. Non-commercials increased net length in natural gas, heating oil, Brent and WTI , but decreased in gasoline during the reference week. Non-commercials net length in natural gas increased by +26.6k to +405.9k in futures and rose by +28.1k to +527.4k in .....
NORTH AMERICAN RIG WATCH
| January 24, 2014
January 24, 2014
Baker Hughes shows 1,772 active rigs as of January 24, 2014, lower by -1 from the previous week. Oil rigs increased by +8 to 1,416 (ht: +9; vt-dir: -1), while gas-directed rigs decreased by -9 to 356 (ht: -12; vt-dir: +3). Horizontal oil rigs increased by +5 to 164 in the Permian (TX) and vertical/directional oil rigs decreased by -6 to 27 in the Eagle Ford (TX), while horizontal gas-directed rigs decreased by -3 to 13 in Barnett (TX).
EIA NG STORAGE REPORT
| January 23, 2014
January 23, 2014
EIA reported a -107 bcf withdrawal for the week ending January 17 (Bloomberg median -103 bcf, Bloomberg whisper: -101 bcf). The 25 estimates submitted to Bloomberg varied from -133 bcf to -90 bcf with a standard deviation of 10 bcf. Our model showed -109 bcf. Nationwide natural gas-weighted HDDs decreased by -106 to 169, while nationwide electricity-weighted cooling degree days reported by NOAA increased by +1 to 2 CDDs. Total US: -107 bcf ( LCMC : -109 bcf, Bloomberg median: -103 bcf) Ea.....