Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-30-2022

Aug 30, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:45 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.995

$9.353

-3.83%

-$0.358

24,599

 

 

WTI

$93.41

$97.01

-3.71%

-$3.60

156,647

 

 

Brent

$101.26

$105.09

-3.64%

-$3.83

2,885

 

 

ULSD

$3.888

$3.910

-0.56%

-$0.022

957

 

 

RBOB

$2.741

$2.878

-4.76%

-$0.137

1,954

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.64

$8.08

-5.45%

-$0.44

Oct-22

 

 

3:2:1 Crack

$32.41

$32.96

-1.69%

-$0.56

Oct-22

 

 

PJM West Spark

NA

NA

NA

NA

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

8/29/22

8/26/22

% Change

Change

8/1/22

% Change

8/30/21

% Change

 

 

PJM West On Peak

Sep-22

$124.32

$123.08

1.01%

$1.24

$121.60

2.24%

$38.88

219.74%

 

 

ERCOT North On Peak

Sep-22

$138.21

$121.44

13.81%

$16.77

$136.04

1.60%

$43.20

219.96%

 

 

CAISO SP 15 On Peak

Sep-22

$149.99

$132.90

12.86%

$17.09

$114.27

31.26%

$83.60

79.41%

 

 

MISO Indiana On Peak

Sep-22

$129.55

$129.58

-0.02%

-$0.03

$125.17

3.50%

$40.62

218.94%

 

 

NEISO Mass On Peak

Sep-22

$100.26

$101.15

-0.87%

-$0.88

$102.64

-2.32%

$36.93

171.47%

 

 

WECC Mid C On Peak

Sep-22

$135.48

$124.86

8.51%

$10.62

$107.38

26.18%

$82.47

64.27%

 

 

NYISO Zone G On Peak

Sep-22

$107.50

$104.27

3.10%

$3.23

$117.33

-8.38%

$36.67

193.16%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/29/22

8/26/22

% Change

Change

8/1/22

% Change

8/30/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$9.336

$9.269

0.72%

$0.07

$8.26

13.03%

$3.42

173.30%

 

 

Houston Ship Channel

Oct-22

-$0.754

-$0.716

5.36%

-$0.04

-$0.40

90.72%

-$0.06

1216.75%

 

 

Chicago

Oct-22

-$0.631

-$0.592

-6.14%

-$0.04

-$0.27

135.86%

-$0.15

311.95%

 

 

Waha

Oct-22

-$2.190

-$2.047

-6.97%

-$0.14

-$1.13

94.62%

-$0.44

403.49%

 

 

Algonquin

Oct-22

-$0.632

-$0.576

-9.68%

-$0.06

-$0.29

120.82%

-$0.63

-0.43%

 

 

Aeco

Oct-22

-$4.125

-$4.043

2.03%

-$0.08

-$3.23

27.86%

-$0.76

445.65%

 

 

Socal

Oct-22

-$0.380

-$0.376

1.30%

$0.00

-$0.31

20.99%

$0.44

-186.67%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/29/22

8/26/22

% Change

Change

8/1/22

% Change

8/30/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.125

$1.110

1.34%

$0.01

$1.11

1.34%

$0.85

32.94%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.134

$1.110

2.12%

$0.02

$1.10

2.68%

$0.87

30.69%

 

 

Mt. Belview Ethane

Sep-22

$0.613

$0.651

-5.96%

-$0.04

$0.59

4.73%

$0.28

120.27%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.736

$1.711

1.46%

$0.02

$1.78

-2.61%

$1.41

23.01%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.145

$1.127

1.63%

$0.02

$1.29

-11.05%

$0.88

29.80%

 

 

Conway Propane

Sep-22

$1.131

$1.113

1.64%

$0.02

$1.11

2.23%

$0.89

26.69%

 

 

Conway Nat. Gasoline

Sep-22

$1.810

$1.791

1.07%

$0.02

$1.79

1.22%

$1.41

28.68%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/29/22

8/26/22

% Change

Change

8/1/22

% Change

8/30/21

% Change

 

 

WTI

Oct-22

$97.01

$93.06

4.07%

$3.95

$92.39

5.00%

$64.15

51.22%

 

 

Brent

Oct-22

$105.09

$100.99

3.90%

$4.10

$100.03

5.06%

$67.38

55.97%

 

 

WCS

Oct-22

-$20.00

-$20.12

-0.61%

$0.12

-$20.76

-3.68%

-$12.00

66.67%

 

 

LLS

Oct-22

$97.79

$93.50

4.38%

$4.29

$93.35

4.76%

$63.99

52.83%

 

 

Mars

Oct-22

$93.81

$89.48

4.61%

$4.32

$89.45

4.87%

$60.59

54.83%

 

 

Sour

Oct-22

$95.12

$89.81

5.58%

$5.31

$93.04

2.24%

$61.16

55.54%

 

 

ESPO

Oct-22

$99.21

$95.74

3.51%

$3.48

$93.94

5.62%

$65.51

51.44%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/29/22

8/26/22

% Change

Change

8/1/22

% Change

8/30/21

% Change

 

 

NY Heating Oil

Sep-22

$3.91

$4.01

-2.45%

-$0.10

$3.44

13.67%

$2.06

89.75%

 

 

NY Gasoline

Sep-22

$2.88

$2.85

0.91%

$0.03

$2.99

-3.68%

$2.06

39.83%

 

 

GC Gasoline

Sep-22

$2.78

$2.75

0.94%

$0.03

$2.89

-3.81%

$1.96

41.86%

 

 

GC Jet

Sep-22

$3.61

$3.69

-2.20%

-$0.08

$3.19

12.97%

$1.87

92.58%

 

 

Chicago Ethanol

Sep-22

$2.54

$2.60

-2.12%

-$0.06

$2.53

0.59%

$1.86

36.85%

 

 

Rotterdam Gasoil

Sep-22

$1,127.06

$1,124.23

0.25%

$2.83

$962.44

17.10%

$535.72

110.38%

 

 

Singapore Jet Kero

Sep-22

$144.90

$147.80

-1.96%

-$2.90

$131.74

9.99%

$74.86

93.55%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/29/22

8/26/22

% Change

Change

8/1/22

% Change

8/30/21

% Change

 

 

Henry Hub Straddle

Oct-22

79.71%

82.63%

-3.53%

-2.92%

92.82%

-14.12%

29.57%

169.56%

 

 

Algonquin Straddle

Oct-22

80.44%

84.33%

-4.61%

-3.89%

103.59%

-22.35%

31.99%

151.45%

 

 

Waha Straddle

Oct-22

97.32%

94.01%

3.52%

3.31%

135.89%

-28.38%

36.64%

165.61%

 

 

Chicago Straddle

Oct-22

82.23%

84.15%

-2.28%

-1.92%

98.08%

-16.16%

31.75%

158.99%

 

 

PJM West Straddle

Oct-22

88.36%

88.04%

0.36%

0.32%

89.93%

-1.75%

24.33%

263.17%

 

 

SP – 15 Straddle

Oct-22

117.67%

157.02%

-25.06%

-39.35%

110.72%

6.28%

30.71%

283.17%

 

 

Mid. C Straddle

Oct-22

194.81%

184.32%

5.69%

10.49%

123.96%

57.16%

42.70%

356.23%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/29/22

8/26/22

% Change

Change

8/1/22

% Change

8/30/21

% Change

 

 

Dutch TTF

Oct-22

EUR 296.00

EUR 327.95

-9.74%

-EUR 31.95

EUR 200.85

47.37%

EUR 28.67

932.40%

 

 

NBP

Oct-22

GBP 600.44

GBP 661.00

-9.16%

-GBP 60.56

GBP 409.36

46.68%

GBP 75.13

699.17%

 

 

German Base

Oct-22

EUR 676.00

EUR 692.98

-2.45%

-EUR 16.98

EUR 405.42

66.74%

EUR 82.43

720.08%

 

 

UK Base

Oct-22

GBP 547.59

GBP 732.89

-25.28%

-GBP 185.30

GBP 342.76

59.76%

GBP 82.58

563.06%

 

 

French Base

Oct-22

EUR 794.91

EUR 858.69

-7.43%

-EUR 63.78

EUR 529.78

50.05%

EUR 88.62

796.98%

 

 

Italian Base

Oct-22

EUR 691.86

EUR 751.89

-7.98%

-EUR 60.02

EUR 480.16

44.09%

EUR 92.61

647.03%

 

 

JKM LNG

Oct-22

$54.53

$54.91

-0.69%

-$0.38

$48.88

11.56%

$10.47

420.87%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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