Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-22-2022

Aug 22, 2022

 

 

 

 

 

 

 

 

 

Prices as of 9:12 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.688

$9.336

3.77%

$0.352

34,301

 

 

WTI

$86.86

$90.77

-4.31%

-$3.91

2,759

 

 

Brent

$92.65

$96.72

-4.21%

-$4.07

11,093

 

 

ULSD

$3.693

$3.701

-0.20%

-$0.007

4,938

 

 

RBOB

$2.842

$3.018

-5.80%

-$0.175

5,329

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.12

$6.28

-2.55%

-$0.16

Oct-22

 

 

3:2:1 Crack

$38.34

$38.90

-1.45%

-$0.56

Sep-22

 

 

PJM West Spark

$100.56

$99.74

0.82%

$0.82

Sep-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

08/19/22

762

-1

259

08/20/21

 

 

Canada

08/19/22

201

0

45

08/20/21

 

 

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

8/19/22

8/18/22

% Change

Change

7/22/22

% Change

8/20/21

% Change

 

 

PJM West On Peak

Sep-22

$121.29

$119.71

1.32%

$1.58

$115.53

4.98%

$38.39

215.94%

 

 

ERCOT North On Peak

Sep-22

$128.31

$127.60

0.56%

$0.71

$153.15

-16.22%

$42.72

200.32%

 

 

CAISO SP 15 On Peak

Sep-22

$127.17

$122.99

3.40%

$4.18

$115.93

9.69%

$83.99

51.41%

 

 

MISO Indiana On Peak

Sep-22

$125.88

$124.57

1.06%

$1.32

$127.60

-1.35%

$40.37

211.84%

 

 

NEISO Mass On Peak

Sep-22

$98.03

$91.64

6.98%

$6.39

$101.99

-3.88%

$36.83

166.13%

 

 

WECC Mid C On Peak

Sep-22

$117.27

$115.99

1.10%

$1.28

$109.28

7.31%

$86.89

34.96%

 

 

NYISO Zone G On Peak

Sep-22

$102.85

$94.57

8.75%

$8.27

$99.50

3.37%

$35.75

187.67%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/19/22

8/18/22

% Change

Change

7/22/22

% Change

8/20/21

% Change

 

 

NYMEX Henry Hub

Sep-22

$9.336

$9.188

1.61%

$0.15

$8.19

13.92%

$3.27

185.94%

 

 

Houston Ship Channel

Sep-22

-$0.515

-$0.445

15.72%

-$0.07

-$0.30

71.71%

-$0.03

1767.03%

 

 

Chicago

Sep-22

-$0.511

-$0.428

-16.24%

-$0.08

-$0.25

108.32%

-$0.17

195.14%

 

 

Waha

Sep-22

-$1.574

-$1.454

-8.28%

-$0.12

-$0.69

126.60%

-$0.30

426.14%

 

 

Algonquin

Sep-22

-$0.646

-$0.655

1.45%

$0.01

-$0.46

39.67%

-$0.81

-20.44%

 

 

Aeco

Sep-22

-$5.416

-$4.655

16.36%

-$0.76

-$3.43

57.80%

-$0.81

570.04%

 

 

Socal

Sep-22

$0.664

$0.637

4.22%

$0.03

$0.45

46.08%

$0.99

-32.78%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/19/22

8/18/22

% Change

Change

7/22/22

% Change

8/20/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.100

$1.093

0.68%

$0.01

$1.13

-2.55%

$0.78

40.95%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.105

$1.090

1.38%

$0.01

$1.11

-0.54%

$0.78

41.22%

 

 

Mt. Belview Ethane

Sep-22

$0.628

$0.625

0.40%

$0.00

$0.58

7.29%

$0.28

120.78%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.725

$1.722

0.16%

$0.00

$1.87

-7.58%

$1.26

37.41%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.194

$1.173

1.80%

$0.02

$1.24

-3.45%

$0.82

46.17%

 

 

Conway Propane

Sep-22

$1.095

$1.078

1.59%

$0.02

$1.13

-3.36%

$0.82

33.20%

 

 

Conway Nat. Gasoline

Sep-22

$1.749

$1.749

-0.01%

$0.00

$1.92

-8.82%

$1.25

39.55%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/19/22

8/18/22

% Change

Change

7/22/22

% Change

8/20/21

% Change

 

 

WTI

Oct-22

$90.44

$90.11

0.36%

$0.33

$92.43

-2.15%

$58.26

55.24%

 

 

Brent

Oct-22

$96.72

$96.59

0.13%

$0.13

$98.38

-1.69%

$61.45

57.40%

 

 

WCS

Oct-22

-$19.70

-$18.74

4.86%

-$0.96

-$21.30

-7.51%

-$12.20

61.46%

 

 

LLS

Oct-22

$91.76

$91.30

0.50%

$0.46

$92.00

-0.25%

$60.54

51.57%

 

 

Mars

Oct-22

$87.90

$87.20

0.79%

$0.70

$87.35

0.62%

$54.32

61.80%

 

 

Sour

Oct-22

$88.03

$87.50

0.60%

$0.53

$89.69

-1.84%

$54.67

61.03%

 

 

ESPO

Oct-22

$93.43

$92.80

0.68%

$0.63

$93.96

-0.56%

$60.57

54.26%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/19/22

8/18/22

% Change

Change

7/22/22

% Change

8/20/21

% Change

 

 

NY Heating Oil

Sep-22

$3.69

$3.64

1.43%

$0.05

$3.38

9.13%

$1.86

98.23%

 

 

NY Gasoline

Sep-22

$3.00

$3.02

-0.73%

-$0.02

$3.02

-0.50%

$1.84

62.69%

 

 

GC Gasoline

Sep-22

$2.90

$2.92

-0.75%

-$0.02

$2.91

-0.51%

$1.74

66.28%

 

 

GC Jet

Sep-22

$3.47

$3.42

1.37%

$0.05

$3.44

0.78%

$1.68

106.43%

 

 

Chicago Ethanol

Sep-22

$2.59

$2.53

2.17%

$0.06

$2.42

6.82%

$1.88

37.43%

 

 

Rotterdam Gasoil

Sep-22

$1,033.62

$1,022.89

1.05%

$10.73

$983.10

5.14%

$499.33

107.00%

 

 

Singapore Jet Kero

Sep-22

$135.09

$131.39

2.82%

$3.71

$126.80

6.54%

$69.06

95.63%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/19/22

8/18/22

% Change

Change

7/22/22

% Change

8/20/21

% Change

 

 

Henry Hub Straddle

Oct-22

85.85%

88.14%

-2.60%

-2.29%

103.19%

-16.80%

29.39%

192.11%

 

 

Algonquin Straddle

Oct-22

88.09%

97.88%

-10.00%

-9.79%

115.60%

-23.80%

32.70%

169.39%

 

 

Waha Straddle

Oct-22

105.90%

110.24%

-3.94%

-4.34%

142.82%

-25.85%

34.00%

211.47%

 

 

Chicago Straddle

Oct-22

87.80%

90.32%

-2.79%

-2.52%

107.79%

-18.55%

30.31%

189.67%

 

 

PJM West Straddle

Oct-22

92.90%

92.33%

0.62%

0.57%

85.08%

9.19%

18.23%

409.60%

 

 

SP – 15 Straddle

Oct-22

182.05%

193.93%

-6.13%

-11.88%

92.66%

96.47%

23.47%

675.67%

 

 

Mid. C Straddle

Oct-22

320.83%

291.34%

10.12%

29.49%

115.67%

177.37%

34.96%

817.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/19/22

8/18/22

% Change

Change

7/22/22

% Change

8/20/21

% Change

 

 

Dutch TTF

Oct-22

EUR 261.35

EUR 242.28

7.87%

EUR 19.07

EUR 164.00

59.36%

EUR 26.50

886.34%

 

 

NBP

Oct-22

GBP 542.00

GBP 518.00

4.63%

GBP 24.00

GBP 369.50

46.68%

GBP 69.53

679.51%

 

 

German Base

Oct-22

EUR 518.72

EUR 486.22

6.69%

EUR 32.50

EUR 363.83

42.57%

EUR 77.45

569.71%

 

 

UK Base

Oct-22

GBP 442.27

GBP 385.37

14.76%

GBP 56.90

GBP 354.88

24.63%

GBP 77.60

469.95%

 

 

French Base

Oct-22

EUR 671.57

EUR 663.86

1.16%

EUR 7.71

EUR 449.80

49.30%

EUR 80.79

731.26%

 

 

Italian Base

Oct-22

EUR 618.51

EUR 579.82

6.67%

EUR 38.68

EUR 407.03

51.96%

EUR 82.60

648.79%

 

 

JKM LNG

Oct-22

$48.10

$47.81

0.61%

$0.29

$41.26

16.56%

$9.97

382.64%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

08/20/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

35

3

-19

530

171

30

48.00%

6.00%

 

 

Middle Atlantic

46

0

-23

667

130

-23

24.00%

-3.00%

 

 

E N Central

32

-12

-18

663

77

-32

13.00%

-5.00%

 

 

W N Central

48

-10

-20

865

110

32

15.00%

4.00%

 

 

South Atlantic

77

-12

-28

1,560

192

49

14.00%

3.00%

 

 

E S Central

74

-11

-19

1,347

191

172

17.00%

15.00%

 

 

W S Central

121

1

3

2,163

410

441

23.00%

26.00%

 

 

Mountain

66

-3

4

1,014

95

-34

10.00%

-3.00%

 

 

Pacific

75

32

21

614

141

-50

30.00%

-8.00%

 

 

United States

65

-2

-11

1,062

166

54

19.00%

5.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

08/20/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

3

-2

2

11

-12

-19

NA

NA

 

 

Middle Atlantic

2

-2

2

4

-11

-2

NA

NA

 

 

E N Central

4

-2

2

16

-7

-5

NA

NA

 

 

W N Central

2

-4

1

8

-19

-1

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

1

-6

-4

2

-28

-3

NA

NA

 

 

Pacific

0

-5

-3

8

-27

4

NA

NA

 

 

United States

1

-2

0

6

-10

-2

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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