Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-06-2022

Dec 6, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:43 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.536

$5.577

-0.74%

-$0.041

34,302

 

 

WTI

$76.36

$76.93

-0.74%

-$0.57

132,288

 

 

Brent

$82.01

$82.68

-0.81%

-$0.67

10,798

 

 

ULSD

$2.977

$3.000

-0.76%

-$0.023

7,408

 

 

RBOB

$2.201

$2.202

-0.06%

-$0.001

7,456

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.44

$5.60

-2.86%

-$0.16

Feb-23

 

 

3:2:1 Crack

$26.58

$26.44

0.53%

$0.14

Jan-23

 

 

PJM West Spark

$105.49

$130.57

-19.21%

-$25.08

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

12/5/22

12/2/22

% Change

Change

11/4/22

% Change

12/6/21

% Change

 

 

PJM West On Peak

Jan-23

$117.39

$142.50

-17.63%

-$25.12

$119.12

-1.45%

$63.93

83.61%

 

 

ERCOT North On Peak

Jan-23

$73.88

$91.08

-18.89%

-$17.20

$91.78

-19.50%

$55.84

32.30%

 

 

CAISO SP 15 On Peak

Jan-23

$124.76

$134.02

-6.91%

-$9.26

$95.47

30.68%

$59.64

109.19%

 

 

MISO Indiana On Peak

Jan-23

$98.93

$120.70

-18.04%

-$21.77

$109.98

-10.05%

$58.67

68.62%

 

 

NEISO Mass On Peak

Jan-23

$266.66

$316.90

-15.85%

-$50.24

$234.21

13.86%

$114.70

132.48%

 

 

WECC Mid C On Peak

Jan-23

$143.10

$168.05

-14.85%

-$24.95

$128.87

11.05%

$64.62

121.44%

 

 

NYISO Zone G On Peak

Jan-23

$214.27

$257.68

-16.85%

-$43.41

$177.36

20.81%

$89.42

139.62%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/5/22

12/2/22

% Change

Change

11/4/22

% Change

12/6/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$5.577

$6.281

-11.21%

-$0.70

$6.75

-17.43%

$3.99

39.67%

 

 

Houston Ship Channel

Jan-23

$0.029

-$0.006

-572.58%

$0.04

$0.39

-92.39%

$0.22

-86.92%

 

 

Chicago

Jan-23

$0.808

$0.852

5.39%

-$0.04

$0.86

-6.28%

$0.37

117.63%

 

 

Waha

Jan-23

-$0.701

-$0.729

-3.91%

$0.03

-$0.79

-11.56%

-$0.21

226.12%

 

 

Algonquin

Jan-23

$30.198

$30.000

0.66%

$0.20

$22.52

34.12%

$9.43

220.15%

 

 

Aeco

Jan-23

-$1.943

-$2.150

-9.61%

$0.21

-$2.05

-5.10%

-$1.17

66.62%

 

 

Socal

Jan-23

$6.173

$6.107

1.08%

$0.07

$2.33

164.68%

$0.81

662.71%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/5/22

12/2/22

% Change

Change

11/4/22

% Change

12/6/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.732

$0.752

-2.66%

-$0.02

$0.90

-18.63%

$0.87

-16.25%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.741

$0.780

-5.06%

-$0.04

$0.90

-17.70%

$0.85

-13.19%

 

 

Mt. Belview Ethane

Jan-23

$0.389

$0.386

0.78%

$0.00

$0.39

0.68%

$0.30

31.21%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.547

$1.554

-0.44%

-$0.01

$1.72

-10.17%

$1.35

14.51%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.930

$0.939

-0.95%

-$0.01

$1.04

-10.33%

$0.99

-6.48%

 

 

Conway Propane

Jan-23

$0.760

$0.785

-3.18%

-$0.02

$0.95

-20.20%

$0.93

-18.08%

 

 

Conway Nat. Gasoline

Jan-23

$1.593

$1.624

-1.86%

-$0.03

$1.75

-9.05%

$1.47

8.45%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/5/22

12/2/22

% Change

Change

11/4/22

% Change

12/6/21

% Change

 

 

WTI

Jan-23

$76.93

$79.98

-3.96%

-$3.05

$91.45

-15.88%

$65.86

16.81%

 

 

Brent

Jan-23

$82.69

$85.60

-3.52%

-$2.91

$98.57

-16.11%

$69.47

19.04%

 

 

WCS

Jan-23

-$28.76

-$28.29

1.61%

-$0.46

-$28.25

1.80%

-$16.22

77.26%

 

 

LLS

Jan-23

$78.88

$81.95

-3.90%

-$3.07

$91.62

-13.91%

$65.07

21.22%

 

 

Mars

Jan-23

$72.72

$75.39

-3.67%

-$2.67

$85.25

-14.69%

$61.46

18.33%

 

 

Sour

Jan-23

$73.97

$75.37

-1.89%

-$1.40

$88.19

-16.12%

$63.05

17.33%

 

 

ESPO

Jan-23

$80.54

$85.41

-6.05%

-$4.87

$92.50

-12.93%

$65.45

23.05%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/5/22

12/2/22

% Change

Change

11/4/22

% Change

12/6/21

% Change

 

 

NY Heating Oil

Jan-23

$3.00

$3.18

-5.54%

-$0.18

$3.70

-18.84%

$2.09

43.68%

 

 

NY Gasoline

Jan-23

$2.21

$2.29

-3.71%

-$0.08

$2.65

-16.58%

$1.83

20.91%

 

 

GC Gasoline

Jan-23

$2.11

$2.19

-3.87%

-$0.09

$2.55

-17.23%

$1.73

22.12%

 

 

GC Jet

Jan-23

$2.75

$2.77

-0.58%

-$0.02

$3.43

-19.66%

$1.90

45.18%

 

 

Chicago Ethanol

Jan-23

$2.12

$2.14

-1.12%

-$0.02

$2.40

-11.88%

$1.93

9.70%

 

 

Rotterdam Gasoil

Jan-23

$842.79

$865.74

-2.65%

-$22.95

$985.00

-14.44%

$551.19

52.90%

 

 

Singapore Jet Kero

Jan-23

$111.10

$113.75

-2.33%

-$2.65

$120.39

-7.71%

$77.19

43.94%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/5/22

12/2/22

% Change

Change

11/4/22

% Change

12/6/21

% Change

 

 

Henry Hub Straddle

Jan-23

115.76%

106.03%

9.18%

9.73%

103.18%

12.19%

37.39%

209.60%

 

 

Algonquin Straddle

Jan-23

148.86%

142.93%

4.15%

5.93%

144.32%

3.15%

36.48%

308.06%

 

 

Waha Straddle

Jan-23

137.89%

119.32%

15.56%

18.57%

140.27%

-1.70%

38.62%

257.04%

 

 

Chicago Straddle

Jan-23

101.56%

96.56%

5.18%

5.00%

94.58%

7.38%

36.10%

181.33%

 

 

PJM West Straddle

Jan-23

158.64%

160.02%

-0.86%

-1.38%

119.12%

33.18%

53.01%

199.26%

 

 

SP – 15 Straddle

Jan-23

367.56%

427.08%

-13.94%

-59.52%

146.87%

150.26%

24.07%

1427.05%

 

 

Mid. C Straddle

Jan-23

590.89%

303.09%

94.96%

287.80%

203.45%

190.44%

34.25%

1625.23%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/5/22

12/2/22

% Change

Change

11/4/22

% Change

12/6/21

% Change

 

 

Dutch TTF

Jan-23

EUR 134.88

EUR 139.90

-3.58%

-EUR 5.01

EUR 123.49

9.23%

EUR 49.56

172.15%

 

 

NBP

Jan-23

GBP 339.00

GBP 341.80

-0.82%

-GBP 2.80

GBP 326.00

3.99%

GBP 133.96

153.07%

 

 

German Base

Jan-23

EUR 350.63

EUR 359.29

-2.41%

-EUR 8.66

EUR 381.33

-8.05%

EUR 141.55

147.71%

 

 

UK Base

Jan-23

GBP 528.74

GBP 538.89

-1.88%

-GBP 10.15

GBP 598.07

-11.59%

GBP 134.48

293.18%

 

 

French Base

Jan-23

EUR 710.24

EUR 725.75

-2.14%

-EUR 15.51

EUR 978.10

-27.39%

EUR 156.83

352.87%

 

 

Italian Base

Jan-23

EUR 346.35

EUR 358.03

-3.26%

-EUR 11.67

EUR 325.08

6.54%

EUR 145.20

138.54%

 

 

JKM LNG

Jan-23

$33.13

$29.75

11.36%

$3.38

$29.55

12.15%

$19.55

69.48%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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