Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-29-2022

Aug 29, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:20 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.080

$9.296

-2.32%

-$0.216

578

 

 

WTI

$94.06

$93.06

1.07%

$1.00

86,217

 

 

Brent

$102.05

$100.99

1.05%

$1.06

1,741

 

 

ULSD

$3.940

$4.008

-1.69%

-$0.068

1,115

 

 

RBOB

$2.792

$2.851

-2.07%

-$0.059

901

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$8.01

$7.93

1.01%

$0.08

Oct-22

 

 

3:2:1 Crack

$34.05

$37.00

-7.98%

-$2.95

Oct-22

 

 

PJM West Spark

$103.62

$101.66

1.93%

$1.96

Sep-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

08/26/22

765

3

257

08/27/21

 

 

Canada

08/26/22

201

0

54

08/27/21

 

 

International

July

833

9

82

July

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 8/23/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

99,093

98,569

98,756

-187

 

 

PJM West Off Peak

86,005

85,351

85,725

-374

 

 

Natural Gas Henry Hub

498,192

477,268

488,839

-11,571

 

 

WTI – Light Sweet Crude Futures

309,249

251,471

235,682

15,789

 

 

Brent Crude Last Day

192,199

184,204

186,562

-2,358

 

 

NYM Ethanol

30,590

30,180

30,337

-157

 

 

Mt Belvieu LDH Propane Swap

119,930

118,715

119,616

-901

 

 

RBOB

267,105

248,813

254,054

-5,241

 

 

HSC Basis

601,034

597,922

594,911

3,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

8/26/22

8/25/22

% Change

Change

7/29/22

% Change

8/27/21

% Change

 

 

PJM West On Peak

Sep-22

$123.08

$121.54

1.26%

$1.54

$126.24

-2.50%

$39.87

208.69%

 

 

ERCOT North On Peak

Sep-22

$121.44

$126.44

-3.96%

-$5.01

$149.44

-18.74%

$44.34

173.86%

 

 

CAISO SP 15 On Peak

Sep-22

$132.90

$132.02

0.66%

$0.88

$115.92

14.65%

$87.83

51.31%

 

 

MISO Indiana On Peak

Sep-22

$129.58

$128.13

1.13%

$1.45

$129.88

-0.23%

$41.72

210.62%

 

 

NEISO Mass On Peak

Sep-22

$101.15

$95.92

5.45%

$5.23

$98.76

2.42%

$38.17

164.97%

 

 

WECC Mid C On Peak

Sep-22

$124.86

$122.81

1.67%

$2.05

$107.63

16.02%

$87.17

43.24%

 

 

NYISO Zone G On Peak

Sep-22

$104.27

$105.09

-0.78%

-$0.82

$118.65

-12.12%

$37.93

174.93%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/26/22

8/25/22

% Change

Change

7/29/22

% Change

8/27/21

% Change

 

 

NYMEX Henry Hub

Sep-22

$9.296

$9.375

-0.84%

-$0.08

$8.23

12.97%

$3.43

170.86%

 

 

Houston Ship Channel

Sep-22

-$0.640

-$0.653

-1.96%

$0.01

-$0.36

80.21%

-$0.03

2334.60%

 

 

Chicago

Sep-22

-$0.596

-$0.513

-13.93%

-$0.08

-$0.26

129.86%

-$0.15

284.64%

 

 

Waha

Sep-22

-$1.439

-$1.423

-1.16%

-$0.02

-$0.77

86.22%

-$0.27

435.93%

 

 

Algonquin

Sep-22

-$0.770

-$0.730

-5.41%

-$0.04

-$0.33

130.41%

-$0.81

-4.72%

 

 

Aeco

Sep-22

-$5.327

-$5.440

-2.08%

$0.11

-$3.13

70.21%

-$0.83

540.61%

 

 

Socal

Sep-22

$0.825

$0.756

9.14%

$0.07

$0.37

125.13%

$1.08

-23.45%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/26/22

8/25/22

% Change

Change

7/29/22

% Change

8/27/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.110

$1.140

-2.62%

-$0.03

$1.15

-3.48%

$0.86

29.27%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.110

$1.125

-1.34%

-$0.02

$1.15

-3.69%

$0.89

24.15%

 

 

Mt. Belview Ethane

Sep-22

$0.651

$0.633

3.00%

$0.02

$0.59

9.71%

$0.28

130.12%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.711

$1.759

-2.76%

-$0.05

$1.86

-8.05%

$1.44

18.68%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.127

$1.141

-1.24%

-$0.01

$1.26

-10.54%

$0.89

26.38%

 

 

Conway Propane

Sep-22

$1.113

$1.122

-0.88%

-$0.01

$1.16

-3.69%

$0.86

29.63%

 

 

Conway Nat. Gasoline

Sep-22

$1.791

$1.758

1.87%

$0.03

$1.69

6.15%

$1.43

24.92%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/26/22

8/25/22

% Change

Change

7/29/22

% Change

8/27/21

% Change

 

 

WTI

Oct-22

$93.06

$92.52

0.58%

$0.54

$96.75

-3.81%

$63.87

45.70%

 

 

Brent

Oct-22

$100.99

$99.34

1.63%

$1.65

$103.97

-2.87%

$67.14

50.42%

 

 

WCS

Oct-22

-$20.12

-$19.98

0.70%

-$0.14

-$21.47

-6.30%

-$12.11

66.19%

 

 

LLS

Oct-22

$93.50

$97.52

-4.29%

-$4.01

$96.60

-3.21%

$65.49

42.77%

 

 

Mars

Oct-22

$89.48

$93.36

-4.33%

-$3.88

$92.22

-2.97%

$61.77

44.88%

 

 

Sour

Oct-22

$89.81

$93.61

-4.22%

-$3.79

$96.32

-6.76%

$62.08

44.67%

 

 

ESPO

Oct-22

$95.74

$97.56

-1.90%

-$1.82

$99.01

-3.31%

$65.22

46.80%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/26/22

8/25/22

% Change

Change

7/29/22

% Change

8/27/21

% Change

 

 

NY Heating Oil

Sep-22

$4.01

$3.96

1.03%

$0.04

$3.54

13.14%

$2.03

97.00%

 

 

NY Gasoline

Sep-22

$2.85

$2.82

1.17%

$0.03

$3.10

-7.91%

$2.04

40.13%

 

 

GC Gasoline

Sep-22

$2.75

$2.72

1.21%

$0.03

$3.00

-8.17%

$1.94

42.20%

 

 

GC Jet

Sep-22

$3.69

$3.85

-4.11%

-$0.16

$3.33

10.88%

$1.86

98.49%

 

 

Chicago Ethanol

Sep-22

$2.60

$2.57

0.93%

$0.02

$2.63

-1.33%

$1.72

50.96%

 

 

Rotterdam Gasoil

Sep-22

$1,124.23

$1,142.65

-1.61%

-$18.42

$1,026.22

9.55%

$537.02

109.35%

 

 

Singapore Jet Kero

Sep-22

$147.80

$149.85

-1.37%

-$2.05

$133.34

10.85%

$74.83

97.50%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/26/22

8/25/22

% Change

Change

7/29/22

% Change

8/27/21

% Change

 

 

Henry Hub Straddle

Oct-22

82.63%

84.36%

-2.05%

-1.73%

93.36%

-11.49%

31.70%

160.66%

 

 

Algonquin Straddle

Oct-22

84.33%

88.88%

-5.12%

-4.55%

103.09%

-18.20%

36.41%

131.61%

 

 

Waha Straddle

Oct-22

94.01%

106.97%

-12.12%

-12.96%

125.64%

-25.18%

39.54%

137.76%

 

 

Chicago Straddle

Oct-22

84.15%

88.22%

-4.61%

-4.07%

96.82%

-13.09%

35.12%

139.61%

 

 

PJM West Straddle

Oct-22

88.04%

87.49%

0.63%

0.55%

89.55%

-1.69%

19.89%

342.63%

 

 

SP – 15 Straddle

Oct-22

157.02%

117.37%

33.78%

39.65%

173.84%

-9.68%

19.84%

691.43%

 

 

Mid. C Straddle

Oct-22

184.32%

153.11%

20.38%

31.21%

126.96%

45.18%

33.60%

448.57%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/26/22

8/25/22

% Change

Change

7/29/22

% Change

8/27/21

% Change

 

 

Dutch TTF

Oct-22

EUR 327.95

EUR 316.40

3.65%

EUR 11.55

EUR 195.66

67.61%

EUR 28.17

1064.26%

 

 

NBP

Oct-22

GBP 661.00

GBP 644.06

2.63%

GBP 16.94

GBP 409.00

61.61%

GBP 73.83

795.28%

 

 

German Base

Oct-22

EUR 692.98

EUR 709.44

-2.32%

-EUR 16.46

EUR 417.03

66.17%

EUR 81.21

753.28%

 

 

UK Base

Oct-22

GBP 732.89

GBP 601.33

21.88%

GBP 131.56

GBP 395.62

85.25%

GBP 79.19

825.46%

 

 

French Base

Oct-22

EUR 858.69

EUR 859.98

-0.15%

-EUR 1.29

EUR 508.10

69.00%

EUR 83.98

922.53%

 

 

Italian Base

Oct-22

EUR 751.89

EUR 740.16

1.58%

EUR 11.72

EUR 484.45

55.20%

EUR 87.54

758.95%

 

 

JKM LNG

Oct-22

$54.91

$56.25

-2.37%

-$1.33

$43.88

25.15%

$11.07

395.93%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

08/27/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

55

30

-23

585

201

7

52.00%

1.00%

 

 

Middle Atlantic

67

29

-19

734

160

-41

28.00%

-5.00%

 

 

E N Central

39

2

-46

702

79

-78

13.00%

-10.00%

 

 

W N Central

53

3

-23

919

115

10

14.00%

1.00%

 

 

South Atlantic

93

9

-16

1,653

202

33

14.00%

2.00%

 

 

E S Central

79

0

-30

1,426

191

142

15.00%

11.00%

 

 

W S Central

106

-8

-26

2,269

402

415

22.00%

22.00%

 

 

Mountain

65

1

1

1,079

96

-33

10.00%

-3.00%

 

 

Pacific

64

22

28

677

162

-22

31.00%

-3.00%

 

 

United States

70

10

-16

1,133

177

38

19.00%

4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

08/27/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

1

-7

1

11

-20

-19

NA

NA

 

 

Middle Atlantic

0

-4

0

4

-15

-2

NA

NA

 

 

E N Central

2

-5

1

17

-13

-3

NA

NA

 

 

W N Central

1

-9

-2

9

-28

-3

NA

NA

 

 

South Atlantic

0

-1

0

0

-1

0

NA

NA

 

 

E S Central

0

-1

0

0

-1

0

NA

NA

 

 

W S Central

0

0

0

0

0

0

NA

NA

 

 

Mountain

0

-11

-4

2

-39

-7

NA

NA

 

 

Pacific

1

-6

-6

9

-32

-2

NA

NA

 

 

United States

0

-4

-1

6

-15

-3

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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