Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-07-2022

Dec 7, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.638

$5.469

3.09%

$0.169

25,149

 

 

WTI

$74.97

$74.25

0.97%

$0.72

114,563

 

 

Brent

$80.21

$79.35

1.08%

$0.86

10,951

 

 

ULSD

$2.929

$2.916

0.45%

$0.013

4,633

 

 

RBOB

$2.158

$2.149

0.41%

$0.009

3,680

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.04

$4.89

3.07%

$0.15

Feb-23

 

 

3:2:1 Crack

$26.29

$26.45

-0.62%

-$0.16

Jan-23

 

 

PJM West Spark

$95.05

$105.69

-10.07%

-$10.64

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

12/6/22

12/5/22

% Change

Change

11/7/22

% Change

12/7/21

% Change

 

 

PJM West On Peak

Jan-23

$107.10

$117.39

-8.76%

-$10.28

$127.55

-16.03%

$66.05

62.16%

 

 

ERCOT North On Peak

Jan-23

$71.91

$73.88

-2.66%

-$1.97

$99.15

-27.48%

$56.77

26.67%

 

 

CAISO SP 15 On Peak

Jan-23

$129.79

$124.76

4.03%

$5.03

$93.49

38.83%

$60.79

113.49%

 

 

MISO Indiana On Peak

Jan-23

$90.75

$98.93

-8.27%

-$8.18

$117.78

-22.96%

$59.86

51.60%

 

 

NEISO Mass On Peak

Jan-23

$255.35

$266.66

-4.24%

-$11.31

$241.85

5.58%

$117.10

118.07%

 

 

WECC Mid C On Peak

Jan-23

$159.17

$143.10

11.23%

$16.07

$123.48

28.90%

$67.85

134.59%

 

 

NYISO Zone G On Peak

Jan-23

$196.94

$214.27

-8.09%

-$17.33

$186.90

5.37%

$91.09

116.21%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/6/22

12/5/22

% Change

Change

11/7/22

% Change

12/7/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$5.469

$5.577

-1.94%

-$0.11

$7.24

-24.50%

$4.04

35.40%

 

 

Houston Ship Channel

Jan-23

$0.061

$0.029

107.85%

$0.03

$0.37

-83.60%

$0.23

-73.04%

 

 

Chicago

Jan-23

$0.871

$0.808

-7.13%

$0.06

$0.75

15.42%

$0.38

132.10%

 

 

Waha

Jan-23

-$0.830

-$0.701

-18.52%

-$0.13

-$0.52

58.22%

-$0.22

269.31%

 

 

Algonquin

Jan-23

$25.612

$30.198

-15.19%

-$4.59

$18.47

38.66%

$9.86

159.71%

 

 

Aeco

Jan-23

-$1.682

-$1.943

-13.43%

$0.26

-$1.97

-14.40%

-$1.14

47.88%

 

 

Socal

Jan-23

$6.866

$6.173

11.23%

$0.69

$2.03

239.02%

$0.85

709.35%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/6/22

12/5/22

% Change

Change

11/7/22

% Change

12/7/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.726

$0.732

-0.82%

-$0.01

$0.93

-21.70%

$0.90

-19.03%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.704

$0.741

-4.97%

-$0.04

$0.91

-22.32%

$0.89

-21.18%

 

 

Mt. Belview Ethane

Jan-23

$0.355

$0.389

-8.64%

-$0.03

$0.40

-11.20%

$0.29

21.61%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.449

$1.547

-6.30%

-$0.10

$1.74

-16.60%

$1.45

0.02%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.882

$0.930

-5.15%

-$0.05

$1.04

-15.52%

$1.03

-13.97%

 

 

Conway Propane

Jan-23

$0.742

$0.760

-2.31%

-$0.02

$0.97

-23.86%

$0.94

-21.19%

 

 

Conway Nat. Gasoline

Jan-23

$1.469

$1.593

-7.84%

-$0.12

$1.81

-18.95%

$1.48

-1.01%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/6/22

12/5/22

% Change

Change

11/7/22

% Change

12/7/21

% Change

 

 

WTI

Jan-23

$74.25

$76.93

-3.61%

-$2.68

$90.73

-18.16%

$67.96

9.26%

 

 

Brent

Jan-23

$79.21

$82.69

-4.40%

-$3.49

$97.92

-19.11%

$71.59

10.64%

 

 

WCS

Jan-23

-$32.48

-$28.76

11.45%

-$3.72

-$27.57

17.81%

-$15.20

113.64%

 

 

LLS

Jan-23

$75.80

$78.88

-4.06%

-$3.08

$91.65

-17.29%

$68.15

11.23%

 

 

Mars

Jan-23

$69.58

$72.72

-4.51%

-$3.14

$85.15

-18.28%

$64.59

7.73%

 

 

Sour

Jan-23

$68.41

$73.97

-8.13%

-$5.56

$85.51

-20.00%

$64.67

5.79%

 

 

ESPO

Jan-23

$77.06

$80.54

-4.51%

-$3.48

$92.06

-16.29%

$68.81

11.99%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/6/22

12/5/22

% Change

Change

11/7/22

% Change

12/7/21

% Change

 

 

NY Heating Oil

Jan-23

$2.91

$3.00

-2.96%

-$0.09

$3.63

-19.72%

$2.16

34.97%

 

 

NY Gasoline

Jan-23

$2.15

$2.21

-2.49%

-$0.06

$2.60

-17.19%

$1.91

12.66%

 

 

GC Gasoline

Jan-23

$2.05

$2.11

-2.61%

-$0.06

$2.50

-17.87%

$1.81

13.36%

 

 

GC Jet

Jan-23

$2.51

$2.75

-8.71%

-$0.24

$3.22

-21.83%

$2.00

25.83%

 

 

Chicago Ethanol

Jan-23

$2.10

$2.12

-0.71%

-$0.02

$2.41

-12.79%

$1.87

12.54%

 

 

Rotterdam Gasoil

Jan-23

$804.83

$842.79

-4.50%

-$37.96

$973.20

-17.30%

$574.71

40.04%

 

 

Singapore Jet Kero

Jan-23

$105.13

$111.10

-5.37%

-$5.97

$122.05

-13.86%

$81.04

29.73%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/6/22

12/5/22

% Change

Change

11/7/22

% Change

12/7/21

% Change

 

 

Henry Hub Straddle

Jan-23

97.98%

115.76%

-15.36%

-17.78%

107.98%

-9.26%

44.85%

118.46%

 

 

Algonquin Straddle

Jan-23

114.72%

148.86%

-22.93%

-34.14%

162.67%

-29.48%

51.69%

121.94%

 

 

Waha Straddle

Jan-23

108.25%

137.89%

-21.50%

-29.64%

136.56%

-20.73%

44.62%

142.60%

 

 

Chicago Straddle

Jan-23

79.72%

101.56%

-21.50%

-21.84%

98.76%

-19.28%

45.56%

74.98%

 

 

PJM West Straddle

Jan-23

150.93%

158.64%

-4.86%

-7.71%

121.70%

24.02%

53.34%

182.96%

 

 

SP – 15 Straddle

Jan-23

284.34%

367.56%

-22.64%

-83.22%

118.38%

140.19%

30.43%

834.41%

 

 

Mid. C Straddle

Jan-23

435.76%

590.89%

-26.25%

-155.13%

196.63%

121.61%

42.36%

928.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/6/22

12/5/22

% Change

Change

11/7/22

% Change

12/7/21

% Change

 

 

Dutch TTF

Jan-23

EUR 141.25

EUR 134.88

4.72%

EUR 6.37

EUR 123.21

14.65%

EUR 54.92

157.20%

 

 

NBP

Jan-23

GBP 352.00

GBP 339.00

3.83%

GBP 13.00

GBP 319.21

10.27%

GBP 147.59

138.50%

 

 

German Base

Jan-23

EUR 357.95

EUR 350.63

2.09%

EUR 7.32

EUR 334.33

7.06%

EUR 148.57

140.93%

 

 

UK Base

Jan-23

GBP 529.55

GBP 528.74

0.15%

GBP 0.81

GBP 645.94

-18.02%

GBP 157.47

236.29%

 

 

French Base

Jan-23

EUR 697.83

EUR 710.24

-1.75%

-EUR 12.41

EUR 1,052.59

-33.70%

EUR 162.42

329.64%

 

 

Italian Base

Jan-23

EUR 356.67

EUR 346.35

2.98%

EUR 10.32

EUR 325.80

9.48%

EUR 158.05

125.67%

 

 

JKM LNG

Jan-23

$33.00

$33.13

-0.42%

-$0.14

$28.37

16.29%

$20.43

61.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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