Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-23-2022

Aug 23, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:01 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.723

$9.680

0.44%

$0.043

13,104

 

 

WTI

$91.36

$90.23

1.25%

$1.13

79,007

 

 

Brent

$97.35

$96.48

0.90%

$0.87

5,589

 

 

ULSD

$3.756

$3.776

-0.52%

-$0.020

1,088

 

 

RBOB

$2.848

$2.891

-1.49%

-$0.043

2,185

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.94

$6.12

-2.94%

-$0.18

Oct-22

 

 

3:2:1 Crack

$35.24

$37.08

-4.95%

-$1.84

Oct-22

 

 

PJM West Spark

$107.78

$100.58

7.16%

$7.20

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

8/22/22

8/19/22

% Change

Change

7/25/22

% Change

8/23/21

% Change

 

 

PJM West On Peak

Sep-22

$128.66

$121.29

6.07%

$7.37

$126.57

1.65%

$38.76

231.91%

 

 

ERCOT North On Peak

Sep-22

$126.78

$128.31

-1.19%

-$1.53

$166.07

-23.66%

$43.09

194.22%

 

 

CAISO SP 15 On Peak

Sep-22

$123.50

$127.17

-2.88%

-$3.67

$120.81

2.23%

$81.74

51.09%

 

 

MISO Indiana On Peak

Sep-22

$133.42

$125.88

5.99%

$7.54

$127.23

4.87%

$40.74

227.48%

 

 

NEISO Mass On Peak

Sep-22

$99.12

$98.03

1.11%

$1.09

$106.75

-7.15%

$35.96

175.65%

 

 

WECC Mid C On Peak

Sep-22

$119.41

$117.27

1.82%

$2.14

$116.57

2.43%

$81.14

47.17%

 

 

NYISO Zone G On Peak

Sep-22

$104.02

$102.85

1.13%

$1.17

$111.63

-6.82%

$36.00

188.90%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/22/22

8/19/22

% Change

Change

7/25/22

% Change

8/23/21

% Change

 

 

NYMEX Henry Hub

Sep-22

$9.680

$9.336

3.68%

$0.34

$8.57

12.94%

$3.30

193.33%

 

 

Houston Ship Channel

Sep-22

-$0.517

-$0.515

0.33%

$0.00

-$0.33

54.65%

-$0.03

1836.33%

 

 

Chicago

Sep-22

-$0.490

-$0.511

4.20%

$0.02

-$0.32

53.61%

-$0.17

183.89%

 

 

Waha

Sep-22

-$1.467

-$1.574

-6.79%

$0.11

-$0.77

91.25%

-$0.30

393.04%

 

 

Algonquin

Sep-22

-$0.705

-$0.646

-9.15%

-$0.06

-$0.46

53.75%

-$0.81

-12.86%

 

 

Aeco

Sep-22

-$5.226

-$5.416

-3.52%

$0.19

-$4.00

30.73%

-$0.82

535.94%

 

 

Socal

Sep-22

$0.654

$0.664

-1.48%

-$0.01

$0.48

37.63%

$0.99

-33.75%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/22/22

8/19/22

% Change

Change

7/25/22

% Change

8/23/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.105

$1.100

0.45%

$0.01

$1.13

-2.43%

$0.82

34.13%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.104

$1.105

-0.10%

$0.00

$1.13

-2.07%

$0.82

34.14%

 

 

Mt. Belview Ethane

Sep-22

$0.656

$0.628

4.52%

$0.03

$0.61

8.01%

$0.27

145.06%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.729

$1.725

0.23%

$0.00

$1.89

-8.43%

$1.33

29.99%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.193

$1.194

-0.09%

$0.00

$1.24

-3.91%

$0.85

41.13%

 

 

Conway Propane

Sep-22

$1.075

$1.095

-1.80%

-$0.02

$1.13

-4.94%

$0.82

30.87%

 

 

Conway Nat. Gasoline

Sep-22

$1.770

$1.749

1.17%

$0.02

$1.90

-7.03%

$1.32

33.78%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/22/22

8/19/22

% Change

Change

7/25/22

% Change

8/23/21

% Change

 

 

WTI

Oct-22

$90.36

$90.44

-0.09%

-$0.08

$94.42

-4.30%

$61.17

47.72%

 

 

Brent

Oct-22

$96.48

$96.72

-0.25%

-$0.24

$100.19

-3.70%

$64.42

49.77%

 

 

WCS

Oct-22

-$20.67

-$19.70

4.71%

-$0.97

-$20.93

-1.22%

-$12.29

68.26%

 

 

LLS

Oct-22

$88.13

$91.76

-4.12%

-$3.64

$93.32

-5.56%

$63.04

39.78%

 

 

Mars

Oct-22

$84.24

$87.90

-4.34%

-$3.66

$88.96

-5.31%

$55.95

50.56%

 

 

Sour

Oct-22

$84.48

$88.03

-4.21%

-$3.56

$91.49

-7.66%

$56.34

49.94%

 

 

ESPO

Oct-22

$92.15

$93.43

-1.39%

-$1.28

$93.57

-1.51%

$61.56

49.69%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/22/22

8/19/22

% Change

Change

7/25/22

% Change

8/23/21

% Change

 

 

NY Heating Oil

Sep-22

$3.76

$3.69

1.81%

$0.07

$3.46

8.51%

$1.96

91.84%

 

 

NY Gasoline

Sep-22

$2.69

$3.00

-10.40%

-$0.31

$3.07

-12.39%

$1.95

37.99%

 

 

GC Gasoline

Sep-22

$2.59

$2.90

-10.76%

-$0.31

$2.97

-12.80%

$1.85

40.04%

 

 

GC Jet

Sep-22

$3.66

$3.47

5.62%

$0.20

$3.11

17.82%

$1.79

104.18%

 

 

Chicago Ethanol

Sep-22

$2.63

$2.59

1.74%

$0.05

$2.44

7.96%

$1.83

44.11%

 

 

Rotterdam Gasoil

Sep-22

$1,049.79

$1,033.62

1.56%

$16.17

$988.72

6.18%

$515.92

103.48%

 

 

Singapore Jet Kero

Sep-22

$135.36

$135.09

0.20%

$0.26

$122.35

10.64%

$73.14

85.08%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/22/22

8/19/22

% Change

Change

7/25/22

% Change

8/23/21

% Change

 

 

Henry Hub Straddle

Oct-22

86.73%

85.85%

1.03%

0.88%

91.18%

-4.88%

30.35%

185.77%

 

 

Algonquin Straddle

Oct-22

93.35%

88.09%

5.97%

5.26%

104.20%

-10.41%

33.53%

178.41%

 

 

Waha Straddle

Oct-22

107.87%

105.90%

1.86%

1.97%

130.77%

-17.51%

35.08%

207.50%

 

 

Chicago Straddle

Oct-22

88.91%

87.80%

1.26%

1.11%

95.51%

-6.91%

31.65%

180.92%

 

 

PJM West Straddle

Oct-22

93.74%

92.90%

0.90%

0.84%

85.21%

10.01%

17.95%

422.23%

 

 

SP – 15 Straddle

Oct-22

178.14%

182.05%

-2.15%

-3.91%

94.51%

88.49%

22.26%

700.27%

 

 

Mid. C Straddle

Oct-22

171.53%

320.83%

-46.54%

-149.30%

117.81%

45.60%

29.91%

473.49%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/22/22

8/19/22

% Change

Change

7/25/22

% Change

8/23/21

% Change

 

 

Dutch TTF

Oct-22

EUR 284.63

EUR 261.35

8.91%

EUR 23.28

EUR 182.10

56.30%

EUR 27.03

953.05%

 

 

NBP

Oct-22

GBP 608.45

GBP 542.00

12.26%

GBP 66.45

GBP 405.00

50.23%

GBP 71.21

754.47%

 

 

German Base

Oct-22

EUR 600.19

EUR 518.72

15.71%

EUR 81.47

EUR 385.73

55.60%

EUR 78.81

661.62%

 

 

UK Base

Oct-22

GBP 582.65

GBP 442.27

31.74%

GBP 140.38

GBP 323.96

79.85%

GBP 78.63

641.00%

 

 

French Base

Oct-22

EUR 771.70

EUR 671.57

14.91%

EUR 100.12

EUR 478.85

61.16%

EUR 81.90

842.24%

 

 

Italian Base

Oct-22

EUR 678.19

EUR 618.51

9.65%

EUR 59.69

EUR 438.30

54.73%

EUR 86.50

684.00%

 

 

JKM LNG

Oct-22

$52.71

$48.10

9.58%

$4.61

$40.26

30.92%

$10.20

416.67%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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