Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-24-2022

Aug 24, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:00 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.254

$9.193

0.66%

$0.061

7,777

 

 

WTI

$94.12

$93.74

0.41%

$0.38

82,779

 

 

Brent

$100.72

$100.22

0.50%

$0.50

5,888

 

 

ULSD

$3.880

$3.842

0.99%

$0.038

1,105

 

 

RBOB

$2.901

$2.933

-1.08%

-$0.032

2,225

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.59

$6.48

1.70%

$0.11

Oct-22

 

 

3:2:1 Crack

$36.06

$36.42

-1.00%

-$0.36

Oct-22

 

 

PJM West Spark

$104.02

$108.99

-4.56%

-$4.97

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

8/23/22

8/22/22

% Change

Change

7/26/22

% Change

8/24/21

% Change

 

 

PJM West On Peak

Sep-22

$123.82

$128.66

-3.76%

-$4.84

$132.99

-6.89%

$38.91

218.21%

 

 

ERCOT North On Peak

Sep-22

$123.27

$126.78

-2.77%

-$3.51

$172.22

-28.42%

$43.21

185.26%

 

 

CAISO SP 15 On Peak

Sep-22

$122.93

$123.50

-0.46%

-$0.57

$125.48

-2.04%

$85.12

44.41%

 

 

MISO Indiana On Peak

Sep-22

$128.27

$133.42

-3.86%

-$5.15

$133.57

-3.97%

$40.73

214.96%

 

 

NEISO Mass On Peak

Sep-22

$103.27

$99.12

4.19%

$4.16

$108.20

-4.55%

$36.85

180.22%

 

 

WECC Mid C On Peak

Sep-22

$114.41

$119.41

-4.19%

-$5.00

$114.24

0.15%

$83.58

36.89%

 

 

NYISO Zone G On Peak

Sep-22

$105.59

$104.02

1.52%

$1.58

$118.28

-10.72%

$36.00

193.28%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/23/22

8/22/22

% Change

Change

7/26/22

% Change

8/24/21

% Change

 

 

NYMEX Henry Hub

Sep-22

$9.193

$9.680

-5.03%

-$0.49

$8.82

4.17%

$3.31

177.99%

 

 

Houston Ship Channel

Sep-22

-$0.605

-$0.517

16.98%

-$0.09

-$0.33

81.46%

-$0.03

2022.11%

 

 

Chicago

Sep-22

-$0.556

-$0.490

-11.81%

-$0.07

-$0.27

105.55%

-$0.18

214.61%

 

 

Waha

Sep-22

-$1.426

-$1.467

-2.83%

$0.04

-$0.80

78.09%

-$0.31

362.92%

 

 

Algonquin

Sep-22

-$0.695

-$0.705

1.43%

$0.01

-$0.47

48.41%

-$0.82

-15.02%

 

 

Aeco

Sep-22

-$5.559

-$5.226

6.38%

-$0.33

-$4.00

39.06%

-$0.83

567.88%

 

 

Socal

Sep-22

$0.599

$0.654

-8.36%

-$0.05

$0.52

14.98%

$0.98

-38.90%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/23/22

8/22/22

% Change

Change

7/26/22

% Change

8/24/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.121

$1.105

1.46%

$0.02

$1.12

-0.01%

$0.84

33.77%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.115

$1.104

1.01%

$0.01

$1.14

-2.08%

$0.82

36.51%

 

 

Mt. Belview Ethane

Sep-22

$0.661

$0.656

0.79%

$0.01

$0.63

5.00%

$0.28

135.59%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.737

$1.729

0.48%

$0.01

$1.86

-6.80%

$1.37

26.62%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.242

$1.193

4.13%

$0.05

$1.25

-0.79%

$0.86

44.54%

 

 

Conway Propane

Sep-22

$1.118

$1.075

3.94%

$0.04

$1.13

-1.52%

$0.85

31.15%

 

 

Conway Nat. Gasoline

Sep-22

$1.724

$1.770

-2.56%

-$0.05

$1.91

-9.64%

$1.39

24.14%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/23/22

8/22/22

% Change

Change

7/26/22

% Change

8/24/21

% Change

 

 

WTI

Oct-22

$93.74

$90.36

3.61%

$3.38

$92.88

0.93%

$62.79

49.29%

 

 

Brent

Oct-22

$100.22

$96.48

3.73%

$3.74

$99.46

0.76%

$66.02

51.80%

 

 

WCS

Oct-22

-$20.06

-$20.67

-3.06%

$0.61

-$21.19

-5.35%

-$12.68

58.21%

 

 

LLS

Oct-22

$94.63

$88.13

6.87%

$6.50

$95.55

-0.97%

$62.64

51.06%

 

 

Mars

Oct-22

$90.45

$84.24

6.87%

$6.21

$90.78

-0.36%

$58.73

54.01%

 

 

Sour

Oct-22

$90.77

$84.48

6.94%

$6.30

$90.35

0.46%

$59.30

53.07%

 

 

ESPO

Oct-22

$96.65

$92.15

4.65%

$4.50

$95.27

1.45%

$63.26

52.77%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/23/22

8/22/22

% Change

Change

7/26/22

% Change

8/24/21

% Change

 

 

NY Heating Oil

Sep-22

$3.83

$3.76

1.84%

$0.07

$3.52

8.75%

$2.02

90.02%

 

 

NY Gasoline

Sep-22

$2.71

$2.69

0.97%

$0.03

$3.08

-11.94%

$2.00

35.43%

 

 

GC Gasoline

Sep-22

$2.61

$2.59

1.00%

$0.03

$2.98

-12.34%

$1.90

37.29%

 

 

GC Jet

Sep-22

$3.54

$3.66

-3.44%

-$0.13

$3.32

6.60%

$1.81

95.41%

 

 

Chicago Ethanol

Sep-22

$2.68

$2.63

2.05%

$0.05

$2.48

8.05%

$1.82

47.63%

 

 

Rotterdam Gasoil

Sep-22

$1,072.26

$1,049.79

2.14%

$22.47

$991.85

8.11%

$527.62

103.22%

 

 

Singapore Jet Kero

Sep-22

$140.32

$135.36

3.67%

$4.97

$129.07

8.71%

$73.71

90.37%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/23/22

8/22/22

% Change

Change

7/26/22

% Change

8/24/21

% Change

 

 

Henry Hub Straddle

Oct-22

100.44%

86.73%

15.81%

13.71%

92.65%

8.41%

32.36%

210.38%

 

 

Algonquin Straddle

Oct-22

102.91%

93.35%

10.24%

9.56%

104.68%

-1.69%

35.79%

187.54%

 

 

Waha Straddle

Oct-22

125.67%

107.87%

16.50%

17.80%

131.00%

-4.07%

37.44%

235.66%

 

 

Chicago Straddle

Oct-22

104.31%

88.91%

17.32%

15.40%

97.29%

7.22%

34.16%

205.36%

 

 

PJM West Straddle

Oct-22

90.98%

93.74%

-2.94%

-2.76%

89.94%

1.16%

18.13%

401.82%

 

 

SP – 15 Straddle

Oct-22

148.38%

178.14%

-16.71%

-29.76%

97.33%

52.45%

23.40%

534.10%

 

 

Mid. C Straddle

Oct-22

106.20%

171.53%

-38.09%

-65.33%

120.58%

-11.93%

37.71%

181.62%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/23/22

8/22/22

% Change

Change

7/26/22

% Change

8/24/21

% Change

 

 

Dutch TTF

Oct-22

EUR 265.50

EUR 284.63

-6.72%

-EUR 19.13

EUR 218.12

21.72%

EUR 27.65

860.11%

 

 

NBP

Oct-22

GBP 519.30

GBP 608.45

-14.65%

-GBP 89.15

GBP 475.00

9.33%

GBP 73.48

606.71%

 

 

German Base

Oct-22

EUR 640.41

EUR 600.19

6.70%

EUR 40.21

EUR 403.72

58.63%

EUR 80.48

695.71%

 

 

UK Base

Oct-22

GBP 530.30

GBP 582.65

-8.99%

-GBP 52.36

GBP 358.60

47.88%

GBP 81.08

554.03%

 

 

French Base

Oct-22

EUR 721.62

EUR 771.70

-6.49%

-EUR 50.07

EUR 519.91

38.80%

EUR 83.39

765.31%

 

 

Italian Base

Oct-22

EUR 617.44

EUR 678.19

-8.96%

-EUR 60.75

EUR 460.98

33.94%

EUR 89.01

593.69%

 

 

JKM LNG

Oct-22

$56.35

$52.71

6.92%

$3.65

$44.10

27.80%

$10.79

422.43%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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