Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-01-2022

Dec 1, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:16 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.105

$6.930

2.53%

$0.175

16,155

 

 

WTI

$82.78

$80.55

2.77%

$2.23

102,265

 

 

Brent

$88.96

$85.43

4.13%

$3.53

6,477

 

 

ULSD

$3.374

$3.363

0.32%

$0.011

7,733

 

 

RBOB

$2.419

$2.419

0.03%

$0.001

3,747

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.16

$6.31

-2.38%

-$0.15

Feb-23

 

 

3:2:1 Crack

$31.00

$32.17

-3.63%

-$1.17

Jan-23

 

 

PJM West Spark

NA

NA

NA

NA

Dec-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/23/22

784

2

215

11/24/21

 

 

Canada

11/23/22

194

-7

23

11/24/21

 

 

International

Oct

911

32

111

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/22/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

86,423

85,933

86,127

-194

 

 

PJM West Off Peak

82,160

81,390

81,745

-355

 

 

Natural Gas Henry Hub

453,173

436,791

443,398

-6,607

 

 

WTI – Light Sweet Crude Futures

153,695

123,530

119,483

4,047

 

 

Brent Crude Last Day

159,633

149,871

153,561

-3,690

 

 

NYM Ethanol

25,183

24,292

24,791

-499

 

 

Mt Belvieu LDH Propane Swap

137,002

135,815

135,545

270

 

 

RBOB

265,026

245,253

251,705

-6,452

 

 

HSC Basis

563,884

559,765

554,933

4,832

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

11/24/17

 

 

 

11/18/22

11/11/22

Net Change

% Change

11/19/21

% Change

5 Year Avg.

% Change

 

 

East

866

882

-16

-1.81%

889

-2.59%

874

-0.94%

 

 

Midwest

1,063

1,084

-21

-1.94%

1,066

-0.28%

1,051

1.10%

 

 

Mountain

203

208

-5

-2.40%

210

-3.33%

210

-3.15%

 

 

Pacific

232

241

-9

-3.73%

262

-11.45%

289

-19.61%

 

 

South

1,200

1,228

-28

-2.28%

1,197

0.25%

1,161

3.39%

 

 

    Salt

318

327

-9

-2.75%

338

-5.92%

321

-0.87%

 

 

    Non_Salt

882

901

-19

-2.11%

859

2.68%

840

5.05%

 

 

Total

3,564

3,644

-80

-2.20%

3,623

-1.63%

3,584

-0.56%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

11/30/22

11/29/22

% Change

Change

11/1/22

% Change

12/1/21

% Change

 

 

PJM West On Peak

Dec-22

$95.40

$104.18

-8.43%

-$8.78

$78.91

20.89%

$49.98

90.88%

 

 

ERCOT North On Peak

Dec-22

$58.02

$61.17

-5.16%

-$3.16

$53.86

7.73%

$40.77

42.30%

 

 

CAISO SP 15 On Peak

Dec-22

$153.61

$142.49

7.81%

$11.12

$86.28

78.04%

$66.44

131.20%

 

 

MISO Indiana On Peak

Dec-22

$88.70

$96.36

-7.95%

-$7.66

$73.29

21.02%

$49.20

80.29%

 

 

NEISO Mass On Peak

Dec-22

$199.42

$184.38

8.15%

$15.03

$140.75

41.68%

$89.17

123.64%

 

 

WECC Mid C On Peak

Dec-22

$221.06

$204.66

8.01%

$16.40

$95.68

131.03%

$68.21

224.07%

 

 

NYISO Zone G On Peak

Dec-22

$142.87

$126.07

13.33%

$16.80

$93.86

52.23%

$65.80

117.12%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/30/22

11/29/22

% Change

Change

11/1/22

% Change

12/1/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$6.930

$7.235

-4.22%

-$0.31

$6.08

13.98%

$4.25

62.98%

 

 

Houston Ship Channel

Jan-23

$0.163

$0.184

-11.76%

-$0.02

$0.38

-57.42%

$0.23

-28.60%

 

 

Chicago

Jan-23

$0.862

$0.852

-1.21%

$0.01

$0.92

-6.54%

$0.40

117.57%

 

 

Waha

Jan-23

-$0.678

-$0.728

-6.81%

$0.05

-$1.00

-31.83%

-$0.23

190.04%

 

 

Algonquin

Jan-23

$29.251

$29.878

-2.10%

-$0.63

$24.34

20.16%

$10.08

190.17%

 

 

Aeco

Jan-23

-$2.368

-$2.408

-1.64%

$0.04

-$1.83

29.58%

-$1.27

86.58%

 

 

Socal

Jan-23

$4.407

$4.183

5.37%

$0.22

$2.08

112.16%

$0.85

419.38%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/30/22

11/29/22

% Change

Change

11/1/22

% Change

12/1/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.785

$0.786

-0.14%

$0.00

$0.88

-10.67%

$0.84

-6.51%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.784

$0.784

0.04%

$0.00

$0.88

-11.15%

$0.87

-9.47%

 

 

Mt. Belview Ethane

Dec-22

$0.406

$0.395

2.88%

$0.01

$0.41

-0.09%

$0.32

26.58%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.498

$1.490

0.60%

$0.01

$1.67

-10.37%

$1.38

8.82%

 

 

Mt. Belvieu Butane LST

Dec-22

$0.961

$0.953

0.83%

$0.01

$1.01

-4.90%

$0.99

-2.94%

 

 

Conway Propane

Dec-22

$0.825

$0.833

-0.89%

-$0.01

$0.93

-11.03%

$0.94

-12.11%

 

 

Conway Nat. Gasoline

Dec-22

$1.628

$1.625

0.20%

$0.00

$1.73

-5.97%

$1.34

21.62%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/30/22

11/29/22

% Change

Change

11/1/22

% Change

12/1/21

% Change

 

 

WTI

Jan-23

$80.55

$78.20

2.92%

$2.35

$87.19

-7.62%

$62.12

29.67%

 

 

Brent

Jan-23

$87.00

$83.03

4.56%

$3.97

$94.65

-8.08%

$65.73

32.36%

 

 

WCS

Jan-23

-$29.41

-$28.68

2.50%

-$0.74

-$27.36

7.50%

-$16.38

79.57%

 

 

LLS

Jan-23

$83.14

$80.64

3.00%

$2.49

$88.10

-5.64%

$63.77

30.38%

 

 

Mars

Jan-23

$76.64

$73.49

4.10%

$3.14

$81.17

-5.58%

$60.19

27.33%

 

 

Sour

Jan-23

$75.84

$72.99

3.76%

$2.85

$83.85

-9.56%

$61.34

23.63%

 

 

ESPO

Jan-23

$83.57

$80.84

3.27%

$2.73

$88.75

-5.84%

$64.78

29.01%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/30/22

11/29/22

% Change

Change

11/1/22

% Change

12/1/21

% Change

 

 

NY Heating Oil

Dec-22

$3.37

$3.32

1.69%

$0.06

$3.72

-9.42%

$2.03

66.37%

 

 

NY Gasoline

Dec-22

$2.43

$2.33

4.42%

$0.10

$2.56

-5.19%

$1.87

30.07%

 

 

GC Gasoline

Dec-22

$2.33

$2.23

4.62%

$0.10

$2.46

-5.40%

$1.77

31.77%

 

 

GC Jet

Dec-22

$2.89

$2.80

3.14%

$0.09

$3.21

-10.20%

$1.82

58.28%

 

 

Chicago Ethanol

Dec-22

$2.28

$2.35

-2.81%

-$0.07

$2.47

-7.46%

$1.97

15.90%

 

 

Rotterdam Gasoil

Dec-22

$888.71

$866.16

2.60%

$22.54

$949.08

-6.36%

$540.32

64.48%

 

 

Singapore Jet Kero

Dec-22

$116.06

$111.48

4.12%

$4.59

$118.31

-1.90%

$76.58

51.56%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/30/22

11/29/22

% Change

Change

11/1/22

% Change

12/1/21

% Change

 

 

Henry Hub Straddle

Jan-23

108.20%

117.72%

-8.09%

-9.52%

126.30%

-14.33%

49.61%

118.10%

 

 

Algonquin Straddle

Jan-23

137.67%

154.99%

-11.17%

-17.32%

163.84%

-15.97%

53.68%

156.46%

 

 

Waha Straddle

Jan-23

127.07%

140.20%

-9.37%

-13.13%

146.33%

-13.16%

50.76%

150.33%

 

 

Chicago Straddle

Jan-23

96.15%

105.33%

-8.72%

-9.18%

120.44%

-20.17%

49.33%

94.91%

 

 

PJM West Straddle

Jan-23

155.33%

148.35%

4.71%

6.98%

127.22%

22.10%

52.44%

196.21%

 

 

SP – 15 Straddle

Jan-23

189.22%

149.53%

26.54%

39.69%

110.06%

71.92%

27.56%

586.57%

 

 

Mid. C Straddle

Jan-23

246.32%

254.64%

-3.27%

-8.32%

184.19%

33.73%

58.56%

320.63%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/30/22

11/29/22

% Change

Change

11/1/22

% Change

12/1/21

% Change

 

 

Dutch TTF

Jan-23

EUR 146.00

EUR 133.56

9.31%

EUR 12.44

EUR 124.00

17.74%

EUR 44.99

224.52%

 

 

NBP

Jan-23

GBP 368.50

GBP 339.50

8.54%

GBP 29.00

GBP 322.25

14.35%

GBP 121.67

202.87%

 

 

German Base

Jan-23

EUR 370.77

EUR 339.01

9.37%

EUR 31.76

EUR 395.86

-6.34%

EUR 130.37

184.40%

 

 

UK Base

Jan-23

GBP 516.52

GBP 464.73

11.14%

GBP 51.78

GBP 648.16

-20.31%

GBP 111.80

361.99%

 

 

French Base

Jan-23

EUR 738.07

EUR 711.29

3.76%

EUR 26.78

EUR 923.33

-20.06%

EUR 142.33

418.57%

 

 

Italian Base

Jan-23

EUR 377.43

EUR 345.96

9.10%

EUR 31.47

EUR 340.29

10.92%

EUR 135.10

179.38%

 

 

JKM LNG

Jan-23

$33.78

$31.64

6.75%

$2.14

$28.03

20.52%

$17.13

97.26%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/26/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

652

235

-4

56.00%

-1.00%

 

 

Middle Atlantic

0

0

0

856

200

-57

30.00%

-6.00%

 

 

E N Central

0

0

0

826

117

-141

17.00%

-15.00%

 

 

W N Central

0

0

0

1,090

163

-28

18.00%

-3.00%

 

 

South Atlantic

13

2

4

2,136

210

-38

11.00%

-2.00%

 

 

E S Central

0

-1

0

1,721

177

49

11.00%

3.00%

 

 

W S Central

0

-4

-5

2,888

451

318

19.00%

12.00%

 

 

Mountain

0

0

-1

1,384

141

-16

11.00%

-1.00%

 

 

Pacific

0

-1

0

975

272

69

39.00%

8.00%

 

 

United States

2

-1

0

1,428

220

8

18.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/26/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

209

22

18

1,061

-208

82

NA

NA

 

 

Middle Atlantic

188

15

5

954

-133

169

NA

NA

 

 

E N Central

204

7

-4

1,165

-50

191

NA

NA

 

 

W N Central

208

-14

5

1,253

-57

228

NA

NA

 

 

South Atlantic

99

8

-12

475

4

76

NA

NA

 

 

E S Central

135

15

-8

674

54

104

NA

NA

 

 

W S Central

109

26

44

411

79

149

NA

NA

 

 

Mountain

189

12

45

1,074

-37

236

NA

NA

 

 

Pacific

94

-12

11

569

-56

40

NA

NA

 

 

United States

150

8

8

796

-38

133

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.

pdf icon All_Products_20221201.pdf