Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-26-2022

Aug 26, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.500

$9.375

1.33%

$0.125

2,673

 

 

WTI

$92.44

$92.52

-0.09%

-$0.08

75,134

 

 

Brent

$99.52

$99.34

0.18%

$0.18

3,753

 

 

ULSD

$3.978

$3.949

0.72%

$0.028

959

 

 

RBOB

$2.806

$2.812

-0.23%

-$0.006

1,266

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.04

$6.82

3.23%

$0.22

Oct-22

 

 

3:2:1 Crack

$36.37

$36.10

0.76%

$0.27

Oct-22

 

 

PJM West Spark

$101.23

$101.84

-0.60%

-$0.61

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

 

 

 

 

08/25/17

 

 

 

8/19/22

8/12/22

Net Change

% Change

8/21/2021

% Change

5 Year Avg.

% Change

 

 

East

598

571

27

4.73%

678

-11.80%

705

-15.15%

 

 

Midwest

714

684

30

4.39%

812

-12.07%

803

-11.04%

 

 

Mountain

153

151

2

1.32%

190

-19.47%

187

-18.36%

 

 

Pacific

243

248

-5

-2.02%

243

0.00%

274

-11.25%

 

 

South

871

866

5

0.58%

948

-8.12%

993

-12.29%

 

 

    Salt

184

185

-1

-0.54%

214

-14.02%

238

-22.82%

 

 

    Non_Salt

687

681

6

0.88%

734

-6.40%

755

-8.96%

 

 

Total

2,579

2,519

60

2.38%

2,871

-10.17%

2,962

-12.92%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

8/25/22

8/24/22

% Change

Change

7/28/22

% Change

8/26/21

% Change

 

 

PJM West On Peak

Sep-22

$121.54

$121.89

-0.29%

-$0.35

$126.39

-3.84%

$39.47

207.92%

 

 

ERCOT North On Peak

Sep-22

$126.44

$122.82

2.95%

$3.62

$156.59

-19.25%

$43.50

190.70%

 

 

CAISO SP 15 On Peak

Sep-22

$132.02

$127.02

3.94%

$5.01

$106.69

23.74%

$84.51

56.22%

 

 

MISO Indiana On Peak

Sep-22

$128.13

$127.63

0.39%

$0.50

$126.68

1.14%

$41.30

210.24%

 

 

NEISO Mass On Peak

Sep-22

$95.92

$102.64

-6.55%

-$6.72

$109.39

-12.32%

$37.55

155.47%

 

 

WECC Mid C On Peak

Sep-22

$122.81

$120.21

2.17%

$2.60

$113.36

8.34%

$83.30

47.42%

 

 

NYISO Zone G On Peak

Sep-22

$105.09

$107.22

-1.98%

-$2.13

$115.36

-8.90%

$37.27

181.99%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/25/22

8/24/22

% Change

Change

7/28/22

% Change

8/26/21

% Change

 

 

NYMEX Henry Hub

Sep-22

$9.375

$9.330

0.48%

$0.05

$8.13

15.26%

$3.38

177.78%

 

 

Houston Ship Channel

Sep-22

-$0.653

-$0.641

1.95%

-$0.01

-$0.36

80.81%

-$0.03

2355.26%

 

 

Chicago

Sep-22

-$0.513

-$0.575

12.21%

$0.06

-$0.26

98.07%

-$0.16

217.13%

 

 

Waha

Sep-22

-$1.423

-$1.445

-1.52%

$0.02

-$0.84

69.95%

-$0.28

413.35%

 

 

Algonquin

Sep-22

-$0.730

-$0.737

0.96%

$0.01

-$0.40

82.44%

-$0.82

-10.60%

 

 

Aeco

Sep-22

-$5.440

-$5.468

-0.51%

$0.03

-$3.49

56.08%

-$0.83

556.98%

 

 

Socal

Sep-22

$0.756

$0.596

26.91%

$0.16

$0.36

107.52%

$1.04

-27.51%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/25/22

8/24/22

% Change

Change

7/28/22

% Change

8/26/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.140

$1.125

1.33%

$0.01

$1.13

0.65%

$0.84

34.95%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.125

$1.130

-0.43%

$0.00

$1.14

-1.20%

$0.85

32.89%

 

 

Mt. Belview Ethane

Sep-22

$0.633

$0.636

-0.58%

$0.00

$0.62

2.66%

$0.27

132.92%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.759

$1.725

2.00%

$0.03

$1.88

-6.32%

$1.39

26.79%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.141

$1.160

-1.61%

-$0.02

$1.24

-7.81%

$0.90

27.00%

 

 

Conway Propane

Sep-22

$1.122

$1.135

-1.12%

-$0.01

$1.14

-1.31%

$0.84

33.46%

 

 

Conway Nat. Gasoline

Sep-22

$1.758

$1.800

-2.34%

-$0.04

$1.78

-0.99%

$1.38

27.07%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/25/22

8/24/22

% Change

Change

7/28/22

% Change

8/26/21

% Change

 

 

WTI

Oct-22

$92.52

$94.89

-2.56%

-$2.37

$94.65

-2.25%

$62.63

47.72%

 

 

Brent

Oct-22

$99.34

$101.22

-1.89%

-$1.88

$101.83

-2.45%

$65.88

50.79%

 

 

WCS

Oct-22

-$19.98

-$20.25

-1.36%

$0.27

-$20.20

-1.10%

-$12.15

64.44%

 

 

LLS

Oct-22

$97.52

$96.02

1.54%

$1.50

$95.14

2.50%

$60.94

60.03%

 

 

Mars

Oct-22

$93.36

$91.98

1.48%

$1.39

$91.06

2.53%

$57.59

62.11%

 

 

Sour

Oct-22

$93.61

$92.56

1.11%

$1.04

$95.14

-1.61%

$57.90

61.68%

 

 

ESPO

Oct-22

$97.56

$97.93

-0.39%

-$0.38

$95.92

1.71%

$64.16

52.05%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/25/22

8/24/22

% Change

Change

7/28/22

% Change

8/26/21

% Change

 

 

NY Heating Oil

Sep-22

$3.96

$4.02

-1.29%

-$0.05

$3.62

9.53%

$2.01

97.61%

 

 

NY Gasoline

Sep-22

$2.82

$2.71

3.94%

$0.11

$3.11

-9.41%

$1.99

41.57%

 

 

GC Gasoline

Sep-22

$2.72

$2.61

4.09%

$0.11

$3.01

-9.72%

$1.89

43.76%

 

 

GC Jet

Sep-22

$3.85

$3.68

4.48%

$0.16

$3.47

10.93%

$1.83

110.16%

 

 

Chicago Ethanol

Sep-22

$2.57

$2.62

-2.02%

-$0.05

$2.58

-0.35%

$1.76

45.67%

 

 

Rotterdam Gasoil

Sep-22

$1,142.65

$1,114.23

2.55%

$28.42

$1,040.46

9.82%

$529.25

115.90%

 

 

Singapore Jet Kero

Sep-22

$149.85

$143.79

4.21%

$6.06

$135.60

10.51%

$73.87

102.85%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/25/22

8/24/22

% Change

Change

7/28/22

% Change

8/26/21

% Change

 

 

Henry Hub Straddle

Oct-22

84.36%

97.09%

-13.11%

-12.73%

101.45%

-16.85%

26.61%

217.02%

 

 

Algonquin Straddle

Oct-22

88.88%

99.12%

-10.33%

-10.24%

118.90%

-25.25%

29.78%

198.46%

 

 

Waha Straddle

Oct-22

106.97%

115.39%

-7.30%

-8.42%

146.11%

-26.79%

32.81%

226.03%

 

 

Chicago Straddle

Oct-22

88.22%

99.63%

-11.45%

-11.41%

106.37%

-17.06%

28.96%

204.63%

 

 

PJM West Straddle

Oct-22

87.49%

87.17%

0.37%

0.32%

59.78%

46.35%

18.08%

383.90%

 

 

SP – 15 Straddle

Oct-22

117.37%

291.36%

-59.72%

-173.99%

141.70%

-17.17%

22.09%

431.33%

 

 

Mid. C Straddle

Oct-22

153.11%

217.46%

-29.59%

-64.35%

179.19%

-14.55%

32.82%

366.51%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/25/22

8/24/22

% Change

Change

7/28/22

% Change

8/26/21

% Change

 

 

Dutch TTF

Oct-22

EUR 316.40

EUR 295.38

7.12%

EUR 21.02

EUR 203.18

55.73%

EUR 27.82

1037.47%

 

 

NBP

Oct-22

GBP 644.06

GBP 600.00

7.34%

GBP 44.06

GBP 434.40

48.26%

GBP 72.64

786.71%

 

 

German Base

Oct-22

EUR 709.44

EUR 603.73

17.51%

EUR 105.71

EUR 430.14

64.93%

EUR 81.79

767.43%

 

 

UK Base

Oct-22

GBP 601.33

GBP 538.68

11.63%

GBP 62.65

GBP 360.55

66.78%

GBP 80.38

648.13%

 

 

French Base

Oct-22

EUR 859.98

EUR 748.33

14.92%

EUR 111.65

EUR 508.14

69.24%

EUR 84.90

912.92%

 

 

Italian Base

Oct-22

EUR 740.16

EUR 689.69

7.32%

EUR 50.47

EUR 499.51

48.18%

EUR 85.10

769.72%

 

 

JKM LNG

Oct-22

$56.25

$58.40

-3.68%

-$2.15

$45.45

23.76%

$10.58

431.48%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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