Morning Report: Gas * Power * NGL * Crude * Products * Vols — Aug-31-2022

Aug 31, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:20 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.915

$9.042

-1.40%

-$0.127

19,527

 

 

WTI

$90.58

$91.64

-1.16%

-$1.06

130,930

 

 

Brent

$95.90

$99.31

-3.43%

-$3.41

92

 

 

ULSD

$3.795

$3.817

-0.59%

-$0.023

215

 

 

RBOB

$2.611

$2.694

-3.10%

-$0.083

310

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.35

$7.67

-30.25%

-$2.32

Oct-22

 

 

3:2:1 Crack

$31.55

$32.10

-1.70%

-$0.55

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

8/30/22

8/29/22

% Change

Change

8/2/22

% Change

8/31/21

% Change

 

 

PJM West On Peak

Sep-22

$119.96

$124.32

-3.51%

-$4.36

$107.81

11.27%

$39.58

203.07%

 

 

ERCOT North On Peak

Sep-22

$111.54

$138.21

-19.30%

-$26.67

$134.58

-17.12%

$45.19

146.80%

 

 

CAISO SP 15 On Peak

Sep-22

$157.98

$149.99

5.33%

$8.00

$101.97

54.93%

$89.17

77.18%

 

 

MISO Indiana On Peak

Sep-22

$124.01

$129.55

-4.28%

-$5.54

$111.02

11.70%

$41.46

199.13%

 

 

NEISO Mass On Peak

Sep-22

$94.04

$100.26

-6.20%

-$6.22

$95.59

-1.62%

$38.35

145.25%

 

 

WECC Mid C On Peak

Sep-22

$138.97

$135.48

2.57%

$3.48

$99.87

39.15%

$85.18

63.14%

 

 

NYISO Zone G On Peak

Sep-22

$104.46

$107.50

-2.83%

-$3.04

$104.60

-0.14%

$37.35

179.65%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/30/22

8/29/22

% Change

Change

8/2/22

% Change

8/31/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$9.042

$9.336

-3.15%

-$0.29

$7.70

17.46%

$3.46

161.56%

 

 

Houston Ship Channel

Oct-22

-$0.787

-$0.754

4.29%

-$0.03

-$0.46

71.33%

-$0.04

1867.25%

 

 

Chicago

Oct-22

-$0.659

-$0.631

-4.24%

-$0.03

-$0.28

135.97%

-$0.15

326.28%

 

 

Waha

Oct-22

-$2.206

-$2.190

-0.71%

-$0.02

-$1.29

70.36%

-$0.46

384.47%

 

 

Algonquin

Oct-22

-$0.617

-$0.632

2.34%

$0.01

-$0.25

147.85%

-$0.64

-3.15%

 

 

Aeco

Oct-22

-$4.310

-$4.125

4.48%

-$0.18

-$3.50

23.27%

-$0.86

402.50%

 

 

Socal

Oct-22

-$0.387

-$0.380

1.81%

-$0.01

-$0.33

17.29%

$0.49

-178.36%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/30/22

8/29/22

% Change

Change

8/2/22

% Change

8/31/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.113

$1.125

-1.09%

-$0.01

$1.12

-0.21%

$0.84

31.80%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.115

$1.134

-1.62%

-$0.02

$1.11

0.47%

$0.84

33.42%

 

 

Mt. Belview Ethane

Sep-22

$0.589

$0.613

-3.87%

-$0.02

$0.58

1.33%

$0.28

111.32%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.709

$1.736

-1.57%

-$0.03

$1.75

-2.44%

$1.40

22.20%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.125

$1.145

-1.78%

-$0.02

$1.21

-7.19%

$0.89

26.02%

 

 

Conway Propane

Sep-22

$1.105

$1.131

-2.29%

-$0.03

$1.10

0.47%

$0.85

29.70%

 

 

Conway Nat. Gasoline

Sep-22

$1.787

$1.810

-1.31%

-$0.02

$1.79

-0.19%

$1.39

28.25%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/30/22

8/29/22

% Change

Change

8/2/22

% Change

8/31/21

% Change

 

 

WTI

Oct-22

$91.64

$97.01

-5.86%

-$5.37

$93.22

-1.69%

$63.90

43.41%

 

 

Brent

Oct-22

$99.31

$105.09

-5.82%

-$5.78

$100.54

-1.22%

$67.07

48.07%

 

 

WCS

Oct-22

-$19.95

-$20.00

-0.25%

$0.05

-$21.23

-6.02%

-$12.00

66.25%

 

 

LLS

Oct-22

$93.07

$97.79

-5.07%

-$4.72

$94.13

-1.12%

$61.09

52.34%

 

 

Mars

Oct-22

$89.37

$93.81

-4.97%

-$4.44

$89.66

-0.32%

$61.54

45.23%

 

 

Sour

Oct-22

$90.34

$95.12

-5.29%

-$4.78

$92.49

-2.33%

$58.30

54.95%

 

 

ESPO

Oct-22

$94.11

$99.21

-5.42%

-$5.10

$94.82

-0.75%

$64.96

44.86%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/30/22

8/29/22

% Change

Change

8/2/22

% Change

8/31/21

% Change

 

 

NY Heating Oil

Sep-22

$3.84

$3.91

-1.74%

-$0.07

$3.38

13.61%

$2.05

87.54%

 

 

NY Gasoline

Sep-22

$2.68

$2.88

-6.88%

-$0.20

$3.04

-11.93%

$1.99

34.59%

 

 

GC Gasoline

Sep-22

$2.58

$2.78

-7.12%

-$0.20

$2.94

-12.33%

$1.89

36.42%

 

 

GC Jet

Sep-22

$3.48

$3.61

-3.58%

-$0.13

$3.18

9.23%

$1.86

87.29%

 

 

Chicago Ethanol

Sep-22

$2.58

$2.54

1.61%

$0.04

$2.45

5.39%

$1.93

33.73%

 

 

Rotterdam Gasoil

Sep-22

$1,062.80

$1,127.06

-5.70%

-$64.26

$955.19

11.27%

$539.00

97.18%

 

 

Singapore Jet Kero

Sep-22

$145.84

$144.90

0.65%

$0.94

$122.20

19.35%

$74.98

94.52%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/30/22

8/29/22

% Change

Change

8/2/22

% Change

8/31/21

% Change

 

 

Henry Hub Straddle

Oct-22

83.77%

79.71%

5.09%

4.06%

98.78%

-15.20%

28.20%

197.06%

 

 

Algonquin Straddle

Oct-22

85.86%

80.44%

6.74%

5.42%

106.38%

-19.29%

31.72%

170.68%

 

 

Waha Straddle

Oct-22

104.69%

97.32%

7.57%

7.37%

129.58%

-19.21%

33.98%

208.09%

 

 

Chicago Straddle

Oct-22

87.75%

82.23%

6.71%

5.52%

101.93%

-13.91%

30.71%

185.74%

 

 

PJM West Straddle

Oct-22

86.17%

88.36%

-2.48%

-2.19%

88.75%

-2.91%

24.71%

248.73%

 

 

SP – 15 Straddle

Oct-22

125.03%

117.67%

6.25%

7.36%

151.52%

-17.48%

23.33%

435.92%

 

 

Mid. C Straddle

Oct-22

128.90%

194.81%

-33.83%

-65.91%

124.35%

3.66%

35.15%

266.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/30/22

8/29/22

% Change

Change

8/2/22

% Change

8/31/21

% Change

 

 

Dutch TTF

Oct-22

EUR 271.43

EUR 296.00

-8.30%

-EUR 24.57

EUR 201.70

34.58%

EUR 28.35

857.48%

 

 

NBP

Oct-22

GBP 535.20

GBP 600.44

-10.87%

-GBP 65.24

GBP 417.17

28.29%

GBP 74.19

621.34%

 

 

German Base

Oct-22

EUR 570.00

EUR 676.00

-15.68%

-EUR 106.00

EUR 418.43

36.22%

EUR 84.41

575.30%

 

 

UK Base

Oct-22

GBP 488.09

GBP 547.59

-10.87%

-GBP 59.50

GBP 405.00

20.52%

GBP 80.53

506.11%

 

 

French Base

Oct-22

EUR 676.05

EUR 794.91

-14.95%

-EUR 118.86

EUR 522.76

29.32%

EUR 86.20

684.27%

 

 

Italian Base

Oct-22

EUR 631.76

EUR 691.86

-8.69%

-EUR 60.10

EUR 504.26

25.29%

EUR 90.65

596.93%

 

 

JKM LNG

Oct-22

$52.05

$54.53

-4.55%

-$2.48

$48.88

6.49%

$11.01

372.95%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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