Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-05-2022

Dec 5, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.861

$6.281

-6.69%

-$0.420

33,641

 

 

WTI

$82.43

$79.98

3.06%

$2.45

98,601

 

 

Brent

$88.17

$85.57

3.04%

$2.60

7,974

 

 

ULSD

$3.226

$3.169

1.80%

$0.057

4,219

 

 

RBOB

$2.341

$2.280

2.64%

$0.060

4,361

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.67

$5.52

2.72%

$0.15

Feb-23

 

 

3:2:1 Crack

$27.86

$27.80

0.22%

$0.06

Jan-23

 

 

PJM West Spark

$129.98

$132.79

-2.11%

-$2.80

Jan-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/02/22

784

0

215

12/03/21

 

 

Canada

12/02/22

195

1

15

12/03/21

 

 

International

Nov

910

-1

93

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/29/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

86,845

86,348

86,549

-201

 

 

PJM West Off Peak

82,055

81,212

81,630

-418

 

 

Natural Gas Henry Hub

426,428

408,005

416,083

-8,078

 

 

WTI – Light Sweet Crude Futures

157,316

125,291

124,651

640

 

 

Brent Crude Last Day

164,828

155,127

157,932

-2,805

 

 

NYM Ethanol

26,617

25,711

26,296

-585

 

 

Mt Belvieu LDH Propane Swap

140,125

139,024

138,678

346

 

 

RBOB

245,980

228,400

232,837

-4,437

 

 

HSC Basis

568,843

565,756

561,261

4,495

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

12/01/17

 

 

 

11/25/22

11/18/22

Net Change

% Change

11/26/21

% Change

5 Year Avg.

% Change

 

 

East

840

866

-26

-3.00%

867

-3.11%

862

-2.60%

 

 

Midwest

1,040

1,063

-23

-2.16%

1,043

-0.29%

1,035

0.44%

 

 

Mountain

197

203

-6

-2.96%

206

-4.37%

207

-4.83%

 

 

Pacific

226

232

-6

-2.59%

263

-14.07%

287

-21.14%

 

 

South

1,181

1,200

-19

-1.58%

1,185

-0.34%

1,165

1.37%

 

 

    Salt

314

318

-4

-1.26%

335

-6.27%

328

-4.38%

 

 

    Non_Salt

867

882

-15

-1.70%

851

1.88%

837

3.61%

 

 

Total

3,483

3,564

-81

-2.27%

3,564

-2.27%

3,556

-2.05%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

12/2/22

12/1/22

% Change

Change

11/3/22

% Change

12/3/21

% Change

 

 

PJM West On Peak

Jan-23

$142.50

$146.23

-2.54%

-$3.72

$116.93

21.87%

$70.37

102.50%

 

 

ERCOT North On Peak

Jan-23

$91.08

$92.69

-1.73%

-$1.60

$88.14

3.34%

$60.09

51.59%

 

 

CAISO SP 15 On Peak

Jan-23

$134.02

$141.63

-5.37%

-$7.61

$91.97

45.72%

$59.71

124.45%

 

 

MISO Indiana On Peak

Jan-23

$120.70

$123.65

-2.39%

-$2.95

$107.67

12.11%

$64.02

88.54%

 

 

NEISO Mass On Peak

Jan-23

$316.90

$322.57

-1.76%

-$5.67

$219.40

44.44%

$123.04

157.56%

 

 

WECC Mid C On Peak

Jan-23

$168.05

$177.32

-5.23%

-$9.27

$113.73

47.77%

$71.41

135.34%

 

 

NYISO Zone G On Peak

Jan-23

$257.68

$259.75

-0.80%

-$2.07

$172.72

49.19%

$95.70

169.25%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/2/22

12/1/22

% Change

Change

11/3/22

% Change

12/3/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$6.281

$6.738

-6.78%

-$0.46

$6.33

-0.77%

$4.24

48.31%

 

 

Houston Ship Channel

Jan-23

-$0.006

$0.145

-104.28%

-$0.15

$0.39

-101.58%

$0.22

-102.77%

 

 

Chicago

Jan-23

$0.852

$0.845

-0.82%

$0.01

$0.83

2.89%

$0.39

120.75%

 

 

Waha

Jan-23

-$0.729

-$0.631

-15.51%

-$0.10

-$0.78

-6.32%

-$0.24

206.05%

 

 

Algonquin

Jan-23

$30.000

$28.738

4.39%

$1.26

$21.31

40.79%

$10.01

199.73%

 

 

Aeco

Jan-23

-$2.150

-$2.126

1.11%

-$0.02

-$1.94

10.88%

-$1.28

68.50%

 

 

Socal

Jan-23

$6.107

$5.724

6.70%

$0.38

$2.19

178.72%

$0.86

612.98%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/2/22

12/1/22

% Change

Change

11/3/22

% Change

12/3/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.752

$0.787

-4.48%

-$0.04

$0.88

-14.54%

$0.86

-12.19%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.780

$0.790

-1.26%

-$0.01

$0.88

-11.00%

$0.86

-9.11%

 

 

Mt. Belview Ethane

Jan-23

$0.386

$0.417

-7.42%

-$0.03

$0.39

-0.44%

$0.30

29.01%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.554

$1.567

-0.85%

-$0.01

$1.66

-6.52%

$1.41

10.40%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.939

$0.934

0.55%

$0.01

$1.00

-6.02%

$0.98

-4.26%

 

 

Conway Propane

Jan-23

$0.785

$0.826

-4.98%

-$0.04

$0.92

-14.96%

$0.91

-14.19%

 

 

Conway Nat. Gasoline

Jan-23

$1.624

$1.636

-0.74%

-$0.01

$1.69

-3.89%

$1.44

12.72%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/2/22

12/1/22

% Change

Change

11/3/22

% Change

12/3/21

% Change

 

 

WTI

Jan-23

$79.98

$81.22

-1.55%

-$1.24

$87.20

-8.28%

$63.42

26.11%

 

 

Brent

Jan-23

$85.60

$85.42

0.21%

$0.18

$94.67

-9.58%

$66.94

27.88%

 

 

WCS

Jan-23

-$28.29

-$28.00

1.04%

-$0.29

-$29.51

-4.13%

-$16.38

72.74%

 

 

LLS

Jan-23

$81.95

$83.62

-2.03%

-$1.66

$87.76

-6.61%

$63.18

29.71%

 

 

Mars

Jan-23

$75.39

$76.95

-2.06%

-$1.56

$81.49

-7.48%

$59.94

25.78%

 

 

Sour

Jan-23

$75.37

$76.75

-1.83%

-$1.38

$84.01

-10.28%

$66.89

12.68%

 

 

ESPO

Jan-23

$85.41

$84.69

0.84%

$0.72

$88.24

-3.21%

$63.87

33.72%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/2/22

12/1/22

% Change

Change

11/3/22

% Change

12/3/21

% Change

 

 

NY Heating Oil

Jan-23

$3.18

$3.26

-2.57%

-$0.08

$3.65

-12.88%

$2.05

55.07%

 

 

NY Gasoline

Jan-23

$2.29

$2.41

-4.69%

-$0.11

$2.54

-9.58%

$1.77

29.31%

 

 

GC Gasoline

Jan-23

$2.19

$2.31

-4.90%

-$0.11

$2.44

-9.97%

$1.67

31.06%

 

 

GC Jet

Jan-23

$2.77

$2.94

-5.88%

-$0.17

$3.48

-20.40%

$1.89

46.33%

 

 

Chicago Ethanol

Jan-23

$2.14

$2.20

-2.86%

-$0.06

$2.38

-10.24%

$1.89

13.35%

 

 

Rotterdam Gasoil

Jan-23

$865.74

$874.68

-1.02%

-$8.93

$928.58

-6.77%

$549.30

57.61%

 

 

Singapore Jet Kero

Jan-23

$113.75

$115.88

-1.83%

-$2.13

$116.05

-1.98%

$77.93

45.96%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/2/22

12/1/22

% Change

Change

11/3/22

% Change

12/3/21

% Change

 

 

Henry Hub Straddle

Jan-23

106.03%

107.26%

-1.15%

-1.23%

119.35%

-11.16%

42.92%

147.04%

 

 

Algonquin Straddle

Jan-23

142.93%

149.04%

-4.10%

-6.11%

168.25%

-15.05%

50.99%

180.31%

 

 

Waha Straddle

Jan-23

119.32%

142.04%

-16.00%

-22.72%

157.16%

-24.08%

43.55%

173.98%

 

 

Chicago Straddle

Jan-23

96.56%

95.84%

0.75%

0.72%

109.76%

-12.03%

42.20%

128.82%

 

 

PJM West Straddle

Jan-23

160.02%

152.34%

5.04%

7.68%

120.95%

32.30%

52.61%

204.16%

 

 

SP – 15 Straddle

Jan-23

427.08%

198.70%

114.94%

228.38%

112.77%

278.72%

23.50%

1717.36%

 

 

Mid. C Straddle

Jan-23

303.09%

432.93%

-29.99%

-129.84%

198.87%

52.41%

55.48%

446.31%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/2/22

12/1/22

% Change

Change

11/3/22

% Change

12/3/21

% Change

 

 

Dutch TTF

Jan-23

EUR 139.90

EUR 137.00

2.11%

EUR 2.90

EUR 133.26

4.98%

EUR 46.89

198.37%

 

 

NBP

Jan-23

GBP 341.80

GBP 343.00

-0.35%

-GBP 1.20

GBP 347.00

-1.50%

GBP 126.38

170.45%

 

 

German Base

Jan-23

EUR 359.29

EUR 401.57

-10.53%

-EUR 42.28

EUR 398.98

-9.95%

EUR 130.98

174.32%

 

 

UK Base

Jan-23

GBP 538.89

GBP 588.12

-8.37%

-GBP 49.23

GBP 658.27

-18.13%

GBP 132.63

306.31%

 

 

French Base

Jan-23

EUR 725.75

EUR 785.94

-7.66%

-EUR 60.19

EUR 1,044.01

-30.48%

EUR 149.79

384.50%

 

 

Italian Base

Jan-23

EUR 358.03

EUR 347.19

3.12%

EUR 10.83

EUR 352.31

1.62%

EUR 137.30

160.76%

 

 

JKM LNG

Jan-23

$29.75

$34.67

-14.19%

-$4.92

$30.56

-2.62%

$18.11

64.30%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/03/2022

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

14

4

10

2,149

214

-28

11.00%

-1.00%

 

 

E S Central

0

-1

0

1,721

176

49

11.00%

3.00%

 

 

W S Central

1

-3

-5

2,889

449

313

18.00%

12.00%

 

 

Mountain

0

0

-1

1,384

141

-17

11.00%

-1.00%

 

 

Pacific

0

-1

0

975

271

69

38.00%

8.00%

 

 

United States

3

1

1

1,431

221

10

18.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/03/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

180

-25

-36

1,241

-233

46

NA

NA

 

 

Middle Atlantic

171

-19

-20

1,124

-152

149

NA

NA

 

 

E N Central

203

-14

10

1,368

-64

201

NA

NA

 

 

W N Central

246

3

92

1,499

-55

320

NA

NA

 

 

South Atlantic

84

-18

-18

560

-13

57

NA

NA

 

 

E S Central

114

-20

-5

789

35

99

NA

NA

 

 

W S Central

84

-11

24

495

68

172

NA

NA

 

 

Mountain

203

12

89

1,277

-25

325

NA

NA

 

 

Pacific

141

26

84

710

-30

124

NA

NA

 

 

United States

150

-7

21

945

-46

154

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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