Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-19-2022

Aug 19, 2022

 

 

 

 

 

 

 

 

 

Prices as of 8:30 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.025

$9.188

-1.77%

-$0.163

17,253

 

 

WTI

$89.52

$90.50

-1.08%

-$0.98

7,323

 

 

Brent

$95.26

$96.59

-1.38%

-$1.33

7,361

 

 

ULSD

$3.630

$3.650

-0.54%

-$0.020

3,340

 

 

RBOB

$2.991

$3.026

-1.16%

-$0.035

2,943

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.10

$6.48

-5.86%

-$0.38

Oct-22

 

 

3:2:1 Crack

$38.28

$38.41

-0.34%

-$0.13

Sep-22

 

 

PJM West Spark

$100.41

$100.65

-0.24%

-$0.24

Sep-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

08/12/22

763

-1

262

08/13/21

 

 

Canada

08/12/22

201

-2

37

08/13/21

 

 

International

July

833

9

82

July

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 8/9/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

95,769

95,290

95,419

-129

 

 

PJM West Off Peak

83,028

82,486

82,773

-287

 

 

Natural Gas Henry Hub

496,819

475,925

487,478

-11,553

 

 

WTI – Light Sweet Crude Futures

297,982

236,781

221,992

14,789

 

 

Brent Crude Last Day

187,626

180,766

182,584

-1,818

 

 

NYM Ethanol

24,613

24,311

24,388

-77

 

 

Mt Belvieu LDH Propane Swap

110,950

109,603

110,582

-979

 

 

RBOB

251,645

232,623

237,314

-4,691

 

 

HSC Basis

583,878

579,811

577,119

2,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

08/18/17

 

 

 

8/12/22

8/5/22

Net Change

% Change

8/14/2021

% Change

5 Year Avg.

% Change

 

 

East

571

564

7

1.24%

661

-13.62%

682

-16.32%

 

 

Midwest

684

663

21

3.17%

790

-13.42%

777

-11.92%

 

 

Mountain

151

148

3

2.03%

188

-19.68%

185

-18.29%

 

 

Pacific

248

252

-4

-1.59%

241

2.90%

273

-9.02%

 

 

South

866

874

-8

-0.92%

970

-10.72%

1,000

-13.40%

 

 

    Salt

185

193

-8

-4.15%

229

-19.21%

246

-24.67%

 

 

    Non_Salt

681

681

0

0.00%

742

-8.22%

755

-9.75%

 

 

Total

2,519

2,501

18

0.72%

2,851

-11.65%

2,917

-13.63%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

8/18/22

8/17/22

% Change

Change

7/21/22

% Change

8/19/21

% Change

 

 

PJM West On Peak

Sep-22

$119.71

$120.31

-0.49%

-$0.59

$122.15

-2.00%

$38.05

214.66%

 

 

ERCOT North On Peak

Sep-22

$127.60

$135.85

-6.07%

-$8.25

$160.82

-20.66%

$42.36

201.20%

 

 

CAISO SP 15 On Peak

Sep-22

$122.99

$124.00

-0.81%

-$1.01

$116.81

5.29%

$85.21

44.34%

 

 

MISO Indiana On Peak

Sep-22

$124.57

$124.36

0.17%

$0.21

$124.53

0.04%

$40.00

211.41%

 

 

NEISO Mass On Peak

Sep-22

$91.64

$99.37

-7.78%

-$7.73

$100.68

-8.98%

$36.22

153.01%

 

 

WECC Mid C On Peak

Sep-22

$115.99

$119.00

-2.53%

-$3.01

$115.44

0.48%

$87.30

32.87%

 

 

NYISO Zone G On Peak

Sep-22

$94.57

$101.84

-7.14%

-$7.27

$100.94

-6.31%

$35.20

168.67%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/18/22

8/17/22

% Change

Change

7/21/22

% Change

8/19/21

% Change

 

 

NYMEX Henry Hub

Sep-22

$9.188

$9.244

-0.61%

-$0.06

$7.82

17.57%

$3.25

182.62%

 

 

Houston Ship Channel

Sep-22

-$0.445

-$0.467

-4.69%

$0.02

-$0.31

43.65%

-$0.03

1496.06%

 

 

Chicago

Sep-22

-$0.428

-$0.406

-5.07%

-$0.02

-$0.25

69.19%

-$0.18

137.88%

 

 

Waha

Sep-22

-$1.454

-$1.408

-3.25%

-$0.05

-$0.80

82.55%

-$0.30

378.85%

 

 

Algonquin

Sep-22

-$0.655

-$0.516

-26.95%

-$0.14

-$0.48

37.04%

-$0.82

-19.94%

 

 

Aeco

Sep-22

-$4.655

-$4.799

-3.00%

$0.14

-$3.39

37.16%

-$0.80

483.49%

 

 

Socal

Sep-22

$0.637

$0.672

-5.27%

-$0.04

$0.56

14.45%

$0.99

-35.91%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/18/22

8/17/22

% Change

Change

7/21/22

% Change

8/19/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.093

$1.060

3.06%

$0.03

$1.11

-2.01%

$0.83

31.94%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.090

$1.055

3.30%

$0.03

$1.12

-2.37%

$0.79

37.23%

 

 

Mt. Belview Ethane

Sep-22

$0.625

$0.629

-0.54%

$0.00

$0.58

8.71%

$0.28

122.73%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.722

$1.666

3.41%

$0.06

$1.88

-8.33%

$1.29

33.22%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.173

$1.151

1.92%

$0.02

$1.24

-5.19%

$0.83

41.24%

 

 

Conway Propane

Sep-22

$1.078

$1.058

1.91%

$0.02

$1.13

-5.01%

$0.85

27.43%

 

 

Conway Nat. Gasoline

Sep-22

$1.749

$1.714

2.06%

$0.04

$2.01

-13.11%

$1.31

33.50%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/18/22

8/17/22

% Change

Change

7/21/22

% Change

8/19/21

% Change

 

 

WTI

Oct-22

$90.11

$87.69

2.69%

$2.42

$93.78

-3.91%

$59.53

51.37%

 

 

Brent

Oct-22

$96.59

$93.65

3.04%

$2.94

$99.48

-2.91%

$62.67

54.12%

 

 

WCS

Oct-22

-$18.74

-$19.05

-1.65%

$0.31

-$21.00

-10.75%

-$12.86

45.72%

 

 

LLS

Oct-22

$91.30

$87.90

3.72%

$3.40

$92.53

-1.33%

$60.02

52.12%

 

 

Mars

Oct-22

$87.20

$84.04

3.62%

$3.16

$88.14

-1.06%

$55.13

58.17%

 

 

Sour

Oct-22

$87.50

$84.22

3.75%

$3.28

$91.82

-4.71%

$55.74

56.99%

 

 

ESPO

Oct-22

$92.80

$88.54

4.60%

$4.27

$91.57

1.35%

$60.05

54.54%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/18/22

8/17/22

% Change

Change

7/21/22

% Change

8/19/21

% Change

 

 

NY Heating Oil

Sep-22

$3.64

$3.59

1.36%

$0.05

$3.51

3.82%

$1.94

88.07%

 

 

NY Gasoline

Sep-22

$3.02

$2.87

5.48%

$0.16

$2.98

1.44%

$1.91

58.30%

 

 

GC Gasoline

Sep-22

$2.92

$2.77

5.68%

$0.16

$2.88

1.49%

$1.81

61.53%

 

 

GC Jet

Sep-22

$3.42

$3.38

1.12%

$0.04

$3.17

8.05%

$1.71

100.18%

 

 

Chicago Ethanol

Sep-22

$2.53

$2.51

1.00%

$0.02

$2.43

3.94%

$1.88

34.50%

 

 

Rotterdam Gasoil

Sep-22

$1,022.89

$990.07

3.32%

$32.82

$950.72

7.59%

$487.13

109.98%

 

 

Singapore Jet Kero

Sep-22

$131.39

$127.55

3.01%

$3.84

$127.06

3.40%

$70.06

87.53%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/18/22

8/17/22

% Change

Change

7/21/22

% Change

8/19/21

% Change

 

 

Henry Hub Straddle

Oct-22

88.14%

90.80%

-2.93%

-2.66%

107.86%

-18.28%

28.34%

211.01%

 

 

Algonquin Straddle

Oct-22

97.88%

94.16%

3.95%

3.72%

122.32%

-19.98%

31.56%

210.14%

 

 

Waha Straddle

Oct-22

110.24%

118.35%

-6.85%

-8.11%

148.43%

-25.73%

33.72%

226.93%

 

 

Chicago Straddle

Oct-22

90.32%

93.00%

-2.88%

-2.68%

112.37%

-19.62%

29.81%

202.99%

 

 

PJM West Straddle

Oct-22

92.33%

92.35%

-0.02%

-0.02%

85.44%

8.06%

18.53%

398.27%

 

 

SP – 15 Straddle

Oct-22

193.93%

192.73%

0.62%

1.20%

90.47%

114.36%

23.09%

739.89%

 

 

Mid. C Straddle

Oct-22

291.34%

289.81%

0.53%

1.53%

113.30%

157.14%

32.88%

786.07%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/18/22

8/17/22

% Change

Change

7/21/22

% Change

8/19/21

% Change

 

 

Dutch TTF

Oct-22

EUR 242.28

EUR 230.51

5.11%

EUR 11.77

EUR 160.60

50.85%

EUR 27.19

791.10%

 

 

NBP

Oct-22

GBP 518.00

GBP 493.61

4.94%

GBP 24.39

GBP 357.14

45.04%

GBP 71.44

625.07%

 

 

German Base

Oct-22

EUR 486.22

EUR 482.08

0.86%

EUR 4.13

EUR 350.79

38.61%

EUR 78.14

522.28%

 

 

UK Base

Oct-22

GBP 385.37

GBP 452.20

-14.78%

-GBP 66.83

GBP 334.69

15.14%

GBP 77.39

397.95%

 

 

French Base

Oct-22

EUR 663.86

EUR 630.96

5.22%

EUR 32.91

EUR 423.82

56.64%

EUR 80.61

723.60%

 

 

Italian Base

Oct-22

EUR 579.82

EUR 538.83

7.61%

EUR 40.99

EUR 400.99

44.60%

EUR 85.47

578.40%

 

 

JKM LNG

Oct-22

$47.81

$45.19

5.79%

$2.61

$38.43

24.40%

$9.49

403.54%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

08/13/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

69

29

-6

495

168

49

51.00%

11.00%

 

 

Middle Atlantic

78

24

-9

621

130

1

26.00%

0.00%

 

 

E N Central

45

-6

-39

631

89

-14

16.00%

-2.00%

 

 

W N Central

63

-1

-20

817

121

53

17.00%

7.00%

 

 

South Atlantic

101

8

-7

1,483

204

77

16.00%

5.00%

 

 

E S Central

91

1

-14

1,273

202

191

19.00%

18.00%

 

 

W S Central

133

10

-2

2,041

408

437

25.00%

27.00%

 

 

Mountain

77

6

5

948

98

-38

12.00%

-4.00%

 

 

Pacific

67

21

-3

539

109

-72

25.00%

-12.00%

 

 

United States

81

11

-12

998

169

65

20.00%

7.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

08/13/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

2

-2

2

8

-10

-21

NA

NA

 

 

Middle Atlantic

1

-2

1

2

-10

-5

NA

NA

 

 

E N Central

6

1

6

11

-6

-6

NA

NA

 

 

W N Central

1

-3

0

6

-15

-2

NA

NA

 

 

South Atlantic

0

0

0

0

0

0

NA

NA

 

 

E S Central

0

0

0

0

0

0

NA

NA

 

 

W S Central

0

0

0

0

0

0

NA

NA

 

 

Mountain

0

-3

0

1

-23

0

NA

NA

 

 

Pacific

0

-3

0

8

-22

6

NA

NA

 

 

United States

1

-1

1

4

-9

-2

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol Charts

 

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