Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-25-2022

Aug 25, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:09 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.346

$9.330

0.17%

$0.016

4,047

 

 

WTI

$94.97

$94.89

0.08%

$0.08

80,284

 

 

Brent

$101.79

$101.22

0.56%

$0.57

4,891

 

 

ULSD

$4.083

$4.013

1.73%

$0.069

2,915

 

 

RBOB

$2.790

$2.801

-0.39%

-$0.011

1,406

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.80

$6.33

7.42%

$0.47

Oct-22

 

 

3:2:1 Crack

$35.22

$34.73

1.40%

$0.49

Oct-22

 

 

PJM West Spark

$101.90

$103.86

-1.89%

-$1.96

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

8/24/22

8/23/22

% Change

Change

7/27/22

% Change

8/25/21

% Change

 

 

PJM West On Peak

Sep-22

$121.89

$123.82

-1.56%

-$1.93

$128.55

-5.18%

$38.96

212.88%

 

 

ERCOT North On Peak

Sep-22

$122.82

$123.27

-0.36%

-$0.45

$163.55

-24.91%

$42.87

186.53%

 

 

CAISO SP 15 On Peak

Sep-22

$127.02

$122.93

3.32%

$4.09

$115.98

9.51%

$85.14

49.18%

 

 

MISO Indiana On Peak

Sep-22

$127.63

$128.27

-0.50%

-$0.65

$128.83

-0.93%

$40.77

213.08%

 

 

NEISO Mass On Peak

Sep-22

$102.64

$103.27

-0.61%

-$0.63

$108.50

-5.40%

$36.15

183.93%

 

 

WECC Mid C On Peak

Sep-22

$120.21

$114.41

5.07%

$5.80

$115.26

4.29%

$82.86

45.08%

 

 

NYISO Zone G On Peak

Sep-22

$107.22

$105.59

1.54%

$1.63

$118.75

-9.71%

$36.81

191.27%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/24/22

8/23/22

% Change

Change

7/27/22

% Change

8/25/21

% Change

 

 

NYMEX Henry Hub

Sep-22

$9.330

$9.193

1.49%

$0.14

$8.55

9.07%

$3.31

181.70%

 

 

Houston Ship Channel

Sep-22

-$0.641

-$0.605

5.92%

-$0.04

-$0.35

81.63%

-$0.03

2237.96%

 

 

Chicago

Sep-22

-$0.575

-$0.556

-3.44%

-$0.02

-$0.26

120.88%

-$0.17

240.07%

 

 

Waha

Sep-22

-$1.445

-$1.426

-1.35%

-$0.02

-$0.82

75.19%

-$0.30

385.71%

 

 

Algonquin

Sep-22

-$0.737

-$0.695

-6.15%

-$0.04

-$0.50

48.61%

-$0.81

-9.10%

 

 

Aeco

Sep-22

-$5.468

-$5.559

-1.64%

$0.09

-$3.69

48.27%

-$0.81

572.01%

 

 

Socal

Sep-22

$0.596

$0.599

-0.60%

$0.00

$0.46

29.70%

$0.98

-39.26%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/24/22

8/23/22

% Change

Change

7/27/22

% Change

8/25/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.125

$1.121

0.34%

$0.00

$1.14

-1.11%

$0.87

29.90%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.130

$1.115

1.35%

$0.02

$1.14

-0.45%

$0.85

33.30%

 

 

Mt. Belview Ethane

Sep-22

$0.636

$0.661

-3.78%

-$0.02

$0.63

1.60%

$0.27

134.39%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.725

$1.737

-0.71%

-$0.01

$1.85

-6.70%

$1.38

24.71%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.160

$1.242

-6.66%

-$0.08

$1.24

-6.46%

$0.87

32.59%

 

 

Conway Propane

Sep-22

$1.135

$1.118

1.56%

$0.02

$1.14

-0.22%

$0.84

35.83%

 

 

Conway Nat. Gasoline

Sep-22

$1.800

$1.724

4.41%

$0.08

$1.88

-4.27%

$1.42

26.62%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/24/22

8/23/22

% Change

Change

7/27/22

% Change

8/25/21

% Change

 

 

WTI

Oct-22

$94.89

$93.74

1.21%

$1.15

$95.29

-0.42%

$63.47

49.50%

 

 

Brent

Oct-22

$101.22

$100.22

0.99%

$1.00

$101.67

-0.44%

$66.66

51.85%

 

 

WCS

Oct-22

-$20.25

-$20.06

0.95%

-$0.19

-$20.67

-2.04%

-$12.15

66.68%

 

 

LLS

Oct-22

$96.02

$94.63

1.45%

$1.39

$95.17

0.89%

$64.75

48.29%

 

 

Mars

Oct-22

$91.98

$90.45

1.66%

$1.53

$90.41

1.73%

$60.96

50.88%

 

 

Sour

Oct-22

$92.56

$90.77

1.93%

$1.79

$93.13

-0.61%

$61.41

50.72%

 

 

ESPO

Oct-22

$97.93

$96.65

1.31%

$1.29

$95.62

2.42%

$64.89

50.92%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/24/22

8/23/22

% Change

Change

7/27/22

% Change

8/25/21

% Change

 

 

NY Heating Oil

Sep-22

$4.02

$3.83

4.88%

$0.19

$3.65

9.91%

$2.06

95.43%

 

 

NY Gasoline

Sep-22

$2.71

$2.71

-0.04%

$0.00

$3.12

-13.13%

$2.05

32.67%

 

 

GC Gasoline

Sep-22

$2.61

$2.61

-0.04%

$0.00

$3.02

-13.56%

$1.95

34.34%

 

 

GC Jet

Sep-22

$3.68

$3.54

4.07%

$0.14

$3.38

8.94%

$1.82

101.81%

 

 

Chicago Ethanol

Sep-22

$2.62

$2.68

-2.24%

-$0.06

$2.51

4.42%

$1.78

47.75%

 

 

Rotterdam Gasoil

Sep-22

$1,114.23

$1,072.26

3.91%

$41.97

$1,008.40

10.49%

$528.83

110.70%

 

 

Singapore Jet Kero

Sep-22

$143.79

$140.32

2.48%

$3.47

$134.72

6.73%

$73.71

95.07%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/24/22

8/23/22

% Change

Change

7/27/22

% Change

8/25/21

% Change

 

 

Henry Hub Straddle

Oct-22

97.09%

100.44%

-3.34%

-3.35%

102.41%

-5.19%

28.38%

242.11%

 

 

Algonquin Straddle

Oct-22

99.12%

102.91%

-3.68%

-3.79%

114.89%

-13.73%

31.76%

212.09%

 

 

Waha Straddle

Oct-22

115.39%

125.67%

-8.18%

-10.28%

139.80%

-17.46%

33.42%

245.27%

 

 

Chicago Straddle

Oct-22

99.63%

104.31%

-4.49%

-4.68%

107.09%

-6.97%

30.25%

229.36%

 

 

PJM West Straddle

Oct-22

87.17%

90.98%

-4.19%

-3.81%

60.80%

43.37%

18.18%

379.48%

 

 

SP – 15 Straddle

Oct-22

291.36%

148.38%

96.36%

142.98%

102.39%

184.56%

22.33%

1204.79%

 

 

Mid. C Straddle

Oct-22

217.46%

106.20%

104.76%

111.26%

124.82%

74.22%

33.99%

539.78%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/24/22

8/23/22

% Change

Change

7/27/22

% Change

8/25/21

% Change

 

 

Dutch TTF

Oct-22

EUR 295.38

EUR 265.50

11.25%

EUR 29.88

EUR 208.20

41.87%

EUR 27.66

967.93%

 

 

NBP

Oct-22

GBP 600.00

GBP 519.30

15.54%

GBP 80.70

GBP 455.00

31.87%

GBP 72.57

726.80%

 

 

German Base

Oct-22

EUR 603.73

EUR 640.41

-5.73%

-EUR 36.68

EUR 439.09

37.49%

EUR 80.92

646.13%

 

 

UK Base

Oct-22

GBP 538.68

GBP 530.30

1.58%

GBP 8.38

GBP 361.27

49.11%

GBP 79.22

580.01%

 

 

French Base

Oct-22

EUR 748.33

EUR 721.62

3.70%

EUR 26.71

EUR 517.13

44.71%

EUR 83.61

795.02%

 

 

Italian Base

Oct-22

EUR 689.69

EUR 617.44

11.70%

EUR 72.25

EUR 496.99

38.77%

EUR 86.53

697.02%

 

 

JKM LNG

Oct-22

$58.40

$56.35

3.63%

$2.04

$46.45

25.72%

$10.52

455.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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