Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-09-2022

Dec 9, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:10 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.195

$5.962

3.91%

$0.233

21,786

 

 

WTI

$72.79

$71.46

1.86%

$1.33

90,772

 

 

Brent

$77.28

$76.15

1.48%

$1.13

6,761

 

 

ULSD

$2.889

$2.880

0.32%

$0.009

3,816

 

 

RBOB

$2.071

$2.049

1.05%

$0.022

3,508

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.47

$4.57

-2.19%

-$0.10

Feb-23

 

 

3:2:1 Crack

$25.50

$25.96

-1.79%

-$0.47

Jan-23

 

 

PJM West Spark

$103.27

$93.69

10.23%

$9.58

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

 

 

 

 

12/08/17

 

 

 

12/2/22

11/25/22

Net Change

% Change

12/3/21

% Change

5 Year Avg.

% Change

 

 

East

834

840

-6

-0.71%

843

-1.07%

842

-1.00%

 

 

Midwest

1,028

1,040

-12

-1.15%

1,019

0.88%

1,009

1.88%

 

 

Mountain

193

197

-4

-2.03%

206

-6.31%

201

-3.88%

 

 

Pacific

217

226

-9

-3.98%

266

-18.42%

279

-22.33%

 

 

South

1,191

1,181

10

0.85%

1,171

1.71%

1,150

3.55%

 

 

    Salt

327

314

13

4.14%

328

-0.30%

328

-0.37%

 

 

    Non_Salt

864

867

-3

-0.35%

842

2.61%

822

5.14%

 

 

Total

3,462

3,483

-21

-0.60%

3,505

-1.23%

3,482

-0.58%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

12/8/22

12/7/22

% Change

Change

11/9/22

% Change

12/9/21

% Change

 

 

PJM West On Peak

Jan-23

$116.55

$106.44

9.49%

$10.11

$112.34

3.75%

$67.52

72.61%

 

 

ERCOT North On Peak

Jan-23

$86.05

$79.96

7.62%

$6.09

$86.79

-0.85%

$58.89

46.12%

 

 

CAISO SP 15 On Peak

Jan-23

$204.56

$135.63

50.82%

$68.93

$93.88

117.88%

$61.39

233.20%

 

 

MISO Indiana On Peak

Jan-23

$103.19

$95.59

7.95%

$7.60

$102.98

0.20%

$61.61

67.49%

 

 

NEISO Mass On Peak

Jan-23

$269.57

$270.96

-0.52%

-$1.40

$210.66

27.96%

$123.63

118.05%

 

 

WECC Mid C On Peak

Jan-23

$220.54

$166.98

32.08%

$53.57

$126.78

73.95%

$68.26

223.08%

 

 

NYISO Zone G On Peak

Jan-23

$212.85

$209.09

1.80%

$3.76

$164.15

29.67%

$97.45

118.41%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/8/22

12/7/22

% Change

Change

11/9/22

% Change

12/9/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$5.962

$5.723

4.18%

$0.24

$6.22

-4.22%

$4.18

42.70%

 

 

Houston Ship Channel

Jan-23

$0.145

$0.002

6823.81%

$0.14

$0.33

-55.28%

$0.24

-40.09%

 

 

Chicago

Jan-23

$0.981

$0.721

-26.56%

$0.26

$0.89

10.62%

$0.37

166.78%

 

 

Waha

Jan-23

-$0.437

-$0.605

-27.83%

$0.17

-$0.75

-41.46%

-$0.22

96.18%

 

 

Algonquin

Jan-23

$26.262

$24.931

5.34%

$1.33

$20.77

26.45%

$9.87

166.00%

 

 

Aeco

Jan-23

-$1.645

-$1.537

7.00%

-$0.11

-$2.03

-19.02%

-$1.09

50.23%

 

 

Socal

Jan-23

$14.059

$8.009

75.55%

$6.05

$2.27

520.31%

$0.94

1391.18%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/8/22

12/7/22

% Change

Change

11/9/22

% Change

12/9/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.701

$0.705

-0.57%

$0.00

$0.90

-22.14%

$0.89

-21.31%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.730

$0.720

1.42%

$0.01

$0.89

-18.36%

$0.91

-19.61%

 

 

Mt. Belview Ethane

Jan-23

$0.341

$0.340

0.13%

$0.00

$0.41

-17.18%

$0.29

18.77%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.337

$1.424

-6.08%

-$0.09

$1.65

-19.05%

$1.51

-11.34%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.832

$0.879

-5.29%

-$0.05

$1.02

-18.52%

$1.01

-17.96%

 

 

Conway Propane

Jan-23

$0.733

$0.740

-1.00%

-$0.01

$0.94

-22.10%

$0.95

-22.57%

 

 

Conway Nat. Gasoline

Jan-23

$1.347

$1.446

-6.84%

-$0.10

$1.70

-20.65%

$1.52

-11.67%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/8/22

12/7/22

% Change

Change

11/9/22

% Change

12/9/21

% Change

 

 

WTI

Jan-23

$71.46

$72.01

-0.77%

-$0.55

$85.00

-15.93%

$67.50

5.87%

 

 

Brent

Jan-23

$75.94

$76.97

-1.36%

-$1.03

$92.65

-18.03%

$71.17

6.71%

 

 

WCS

Jan-23

-$27.71

-$29.08

-4.95%

$1.37

-$29.00

-4.44%

-$14.95

85.36%

 

 

LLS

Jan-23

$73.21

$73.54

-0.46%

-$0.33

$87.12

-15.98%

$69.51

5.32%

 

 

Mars

Jan-23

$66.61

$67.17

-0.84%

-$0.56

$79.42

-16.13%

$66.32

0.44%

 

 

Sour

Jan-23

$66.05

$67.32

-1.93%

-$1.28

$81.76

-19.21%

$64.85

1.84%

 

 

ESPO

Jan-23

$74.06

$75.07

-1.35%

-$1.00

$87.53

-15.38%

$70.18

5.53%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/8/22

12/7/22

% Change

Change

11/9/22

% Change

12/9/21

% Change

 

 

NY Heating Oil

Jan-23

$2.87

$2.79

2.86%

$0.08

$3.48

-17.37%

$2.17

32.09%

 

 

NY Gasoline

Jan-23

$2.05

$2.08

-1.30%

-$0.03

$2.48

-17.11%

$1.95

5.60%

 

 

GC Gasoline

Jan-23

$1.95

$1.98

-1.36%

-$0.03

$2.38

-17.83%

$1.85

5.91%

 

 

GC Jet

Jan-23

$2.48

$2.56

-2.97%

-$0.08

$3.17

-21.54%

$2.02

22.97%

 

 

Chicago Ethanol

Jan-23

$2.07

$2.09

-0.96%

-$0.02

$2.30

-10.12%

$1.70

21.91%

 

 

Rotterdam Gasoil

Jan-23

$757.09

$762.69

-0.73%

-$5.60

$937.35

-19.23%

$581.51

30.19%

 

 

Singapore Jet Kero

Jan-23

$94.58

$101.21

-6.55%

-$6.63

$122.11

-22.55%

$80.22

17.90%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/8/22

12/7/22

% Change

Change

11/9/22

% Change

12/9/21

% Change

 

 

Henry Hub Straddle

Jan-23

94.09%

92.02%

2.25%

2.07%

124.28%

-24.29%

45.68%

105.98%

 

 

Algonquin Straddle

Jan-23

115.88%

121.86%

-4.91%

-5.98%

162.75%

-28.80%

49.87%

132.36%

 

 

Waha Straddle

Jan-23

125.63%

116.81%

7.55%

8.82%

162.54%

-22.71%

45.39%

176.78%

 

 

Chicago Straddle

Jan-23

87.45%

80.38%

8.80%

7.07%

110.40%

-20.79%

44.67%

95.77%

 

 

PJM West Straddle

Jan-23

173.42%

150.26%

15.41%

23.16%

126.38%

37.22%

54.07%

220.73%

 

 

SP – 15 Straddle

Jan-23

293.96%

247.81%

18.62%

46.15%

238.84%

23.08%

24.15%

1117.23%

 

 

Mid. C Straddle

Jan-23

399.83%

323.22%

23.70%

76.61%

250.90%

59.36%

33.18%

1105.03%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/8/22

12/7/22

% Change

Change

11/9/22

% Change

12/9/21

% Change

 

 

Dutch TTF

Jan-23

EUR 138.50

EUR 149.60

-7.42%

-EUR 11.10

EUR 117.90

17.47%

EUR 64.32

115.33%

 

 

NBP

Jan-23

GBP 347.25

GBP 377.75

-8.07%

-GBP 30.50

GBP 311.00

11.66%

GBP 172.64

101.14%

 

 

German Base

Jan-23

EUR 381.46

EUR 389.48

-2.06%

-EUR 8.02

EUR 325.87

17.06%

EUR 178.64

113.53%

 

 

UK Base

Jan-23

GBP 486.34

GBP 521.81

-6.80%

-GBP 35.47

GBP 574.19

-15.30%

GBP 148.21

228.15%

 

 

French Base

Jan-23

EUR 667.52

EUR 719.71

-7.25%

-EUR 52.20

EUR 873.16

-23.55%

EUR 192.98

245.91%

 

 

Italian Base

Jan-23

EUR 385.46

EUR 383.03

0.64%

EUR 2.44

EUR 310.61

24.10%

EUR 175.64

119.47%

 

 

JKM LNG

Jan-23

$32.76

$35.91

-8.77%

-$3.15

$28.59

14.57%

$26.13

25.37%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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