Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-13-2022

Dec 13, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:09 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.031

$6.587

6.74%

$0.444

31,922

 

 

WTI

$74.56

$73.17

1.90%

$1.39

94,401

 

 

Brent

$79.54

$77.99

1.99%

$1.55

8,952

 

 

ULSD

$3.047

$2.969

2.65%

$0.079

5,486

 

 

RBOB

$2.120

$2.081

1.86%

$0.039

4,481

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.90

$4.71

4.03%

$0.19

Feb-23

 

 

3:2:1 Crack

$27.25

$26.54

2.66%

$0.71

Jan-23

 

 

PJM West Spark

$114.27

$106.97

6.82%

$7.30

Jan-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/09/22

780

-4

204

12/10/21

 

 

Canada

12/09/22

202

7

25

12/10/21

 

 

International

Nov

910

-1

93

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/6/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

83,669

83,134

83,421

-287

 

 

PJM West Off Peak

78,596

77,526

78,039

-513

 

 

Natural Gas Henry Hub

433,491

414,212

423,062

-8,850

 

 

WTI – Light Sweet Crude Futures

136,490

106,576

105,487

1,089

 

 

Brent Crude Last Day

153,587

143,254

147,862

-4,608

 

 

NYM Ethanol

19,130

18,312

18,954

-642

 

 

Mt Belvieu LDH Propane Swap

128,632

127,593

127,217

376

 

 

RBOB

256,698

237,906

240,350

-2,444

 

 

HSC Basis

512,393

508,066

503,333

4,733

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

12/12/22

12/9/22

% Change

Change

11/11/22

% Change

12/13/21

% Change

 

 

PJM West On Peak

Jan-23

$129.31

$121.06

6.81%

$8.25

$115.70

11.77%

$68.82

87.88%

 

 

ERCOT North On Peak

Jan-23

$103.67

$91.57

13.21%

$12.10

$88.93

16.58%

$60.25

72.06%

 

 

CAISO SP 15 On Peak

Jan-23

$246.34

$262.74

-6.24%

-$16.40

$90.17

173.19%

$60.42

307.73%

 

 

MISO Indiana On Peak

Jan-23

$113.52

$105.74

7.36%

$7.78

$106.23

6.86%

$61.55

84.45%

 

 

NEISO Mass On Peak

Jan-23

$286.06

$280.57

1.96%

$5.49

$219.78

30.16%

$124.22

130.28%

 

 

WECC Mid C On Peak

Jan-23

$335.87

$241.90

38.84%

$93.96

$116.17

189.13%

$64.50

420.69%

 

 

NYISO Zone G On Peak

Jan-23

$228.42

$222.52

2.65%

$5.90

$175.52

30.14%

$92.10

148.02%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/12/22

12/9/22

% Change

Change

11/11/22

% Change

12/13/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$6.587

$6.245

5.48%

$0.34

$6.26

5.17%

$4.16

58.46%

 

 

Houston Ship Channel

Jan-23

$0.542

$0.303

78.85%

$0.24

$0.25

115.63%

$0.25

113.93%

 

 

Chicago

Jan-23

$1.497

$1.258

-15.94%

$0.24

$0.92

61.99%

$0.34

334.95%

 

 

Waha

Jan-23

$0.534

$0.038

1312.70%

$0.50

-$0.74

-172.15%

-$0.20

-364.62%

 

 

Algonquin

Jan-23

$28.548

$28.536

0.04%

$0.01

$18.52

54.15%

$9.84

190.07%

 

 

Aeco

Jan-23

-$2.037

-$1.665

22.32%

-$0.37

-$2.22

-8.21%

-$1.11

82.89%

 

 

Socal

Jan-23

$29.399

$18.712

57.11%

$10.69

$2.27

1193.30%

$0.94

3015.98%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/12/22

12/9/22

% Change

Change

11/11/22

% Change

12/13/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.715

$0.699

2.22%

$0.02

$0.89

-19.82%

$0.91

-21.78%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.730

$0.717

1.89%

$0.01

$0.89

-18.31%

$0.92

-20.90%

 

 

Mt. Belview Ethane

Jan-23

$0.353

$0.351

0.44%

$0.00

$0.43

-17.45%

$0.30

18.42%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.382

$1.360

1.59%

$0.02

$1.70

-18.53%

$1.46

-5.48%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.870

$0.850

2.34%

$0.02

$1.03

-15.91%

$1.05

-17.35%

 

 

Conway Propane

Jan-23

$0.758

$0.740

2.37%

$0.02

$0.96

-21.12%

$0.95

-20.50%

 

 

Conway Nat. Gasoline

Jan-23

$1.398

$1.375

1.67%

$0.02

$1.75

-20.33%

$1.48

-5.38%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/12/22

12/9/22

% Change

Change

11/11/22

% Change

12/13/21

% Change

 

 

WTI

Feb-23

$73.28

$71.21

2.82%

$2.07

$87.17

-15.93%

$67.28

8.92%

 

 

Brent

Feb-23

$77.99

$76.10

2.42%

$1.89

$94.41

-17.39%

$70.85

10.08%

 

 

WCS

Feb-23

-$24.72

-$25.13

-1.68%

$0.41

-$26.70

-7.43%

-$15.20

62.61%

 

 

LLS

Feb-23

$74.99

$73.31

2.24%

$1.68

$87.68

-14.48%

$68.79

9.01%

 

 

Mars

Feb-23

$68.00

$66.59

2.07%

$1.41

$81.69

-16.76%

$65.74

3.43%

 

 

Sour

Feb-23

$67.40

$66.53

1.29%

$0.87

$82.81

-18.61%

$65.04

3.63%

 

 

ESPO

Feb-23

$74.88

$73.79

1.45%

$1.09

$88.42

-15.31%

$69.50

7.75%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/12/22

12/9/22

% Change

Change

11/11/22

% Change

12/13/21

% Change

 

 

NY Heating Oil

Jan-23

$2.96

$2.81

5.45%

$0.15

$3.46

-14.43%

$2.16

36.93%

 

 

NY Gasoline

Jan-23

$2.08

$2.07

0.29%

$0.01

$2.56

-18.84%

$1.95

6.79%

 

 

GC Gasoline

Jan-23

$1.98

$1.97

0.30%

$0.01

$2.46

-19.60%

$1.85

7.15%

 

 

GC Jet

Jan-23

$2.66

$2.46

8.20%

$0.20

$2.95

-9.57%

$1.95

36.88%

 

 

Chicago Ethanol

Jan-23

$2.17

$2.09

3.64%

$0.08

$2.27

-4.37%

$1.84

17.53%

 

 

Rotterdam Gasoil

Jan-23

$796.51

$776.76

2.54%

$19.76

$937.58

-15.05%

$578.23

37.75%

 

 

Singapore Jet Kero

Jan-23

$97.88

$100.61

-2.72%

-$2.74

$120.47

-18.76%

$81.75

19.72%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/12/22

12/9/22

% Change

Change

11/11/22

% Change

12/13/21

% Change

 

 

Henry Hub Straddle

Jan-23

106.19%

99.07%

7.19%

7.12%

131.34%

-19.15%

47.96%

121.41%

 

 

Algonquin Straddle

Jan-23

119.45%

115.08%

3.80%

4.37%

150.02%

-20.38%

51.58%

131.58%

 

 

Waha Straddle

Jan-23

161.49%

132.63%

21.76%

28.86%

164.15%

-1.62%

49.54%

225.98%

 

 

Chicago Straddle

Jan-23

119.95%

96.63%

24.13%

23.32%

116.59%

2.88%

44.71%

168.28%

 

 

PJM West Straddle

Jan-23

178.16%

175.15%

1.72%

3.01%

124.74%

42.83%

53.60%

232.39%

 

 

SP – 15 Straddle

Jan-23

215.90%

452.82%

-52.32%

-236.92%

126.63%

70.50%

24.06%

797.34%

 

 

Mid. C Straddle

Jan-23

490.53%

417.76%

17.42%

72.77%

237.62%

106.43%

35.81%

1269.81%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/12/22

12/9/22

% Change

Change

11/11/22

% Change

12/13/21

% Change

 

 

Dutch TTF

Jan-23

EUR 134.70

EUR 145.95

-7.71%

-EUR 11.25

EUR 105.94

27.14%

EUR 70.76

90.35%

 

 

NBP

Jan-23

GBP 336.00

GBP 365.00

-7.95%

-GBP 29.00

GBP 275.65

21.89%

GBP 188.27

78.47%

 

 

German Base

Jan-23

EUR 346.26

EUR 371.92

-6.90%

-EUR 25.66

EUR 290.45

19.22%

EUR 194.84

77.71%

 

 

UK Base

Jan-23

GBP 418.95

GBP 484.46

-13.52%

-GBP 65.51

GBP 460.38

-9.00%

GBP 179.77

133.04%

 

 

French Base

Jan-23

EUR 589.16

EUR 654.08

-9.93%

-EUR 64.92

EUR 823.33

-28.44%

EUR 215.30

173.65%

 

 

Italian Base

Jan-23

EUR 362.77

EUR 365.18

-0.66%

-EUR 2.41

EUR 291.05

24.64%

EUR 182.59

98.68%

 

 

JKM LNG

Jan-23

$34.33

$32.87

4.45%

$1.46

$25.28

35.81%

$27.17

26.38%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/10/2022

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

12

3

1

2,161

217

-28

11.00%

-1.00%

 

 

E S Central

4

3

4

1,725

179

52

12.00%

3.00%

 

 

W S Central

23

20

3

2,912

469

317

19.00%

12.00%

 

 

Mountain

0

0

0

1,384

141

-17

11.00%

-1.00%

 

 

Pacific

0

-1

0

975

271

69

38.00%

8.00%

 

 

United States

5

3

1

1,436

224

10

18.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/10/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

187

-36

-30

1,429

-268

16

NA

NA

 

 

Middle Atlantic

180

-27

-9

1,305

-178

139

NA

NA

 

 

E N Central

211

-25

-7

1,579

-89

194

NA

NA

 

 

W N Central

250

-12

22

1,749

-66

342

NA

NA

 

 

South Atlantic

82

-31

-9

641

-45

48

NA

NA

 

 

E S Central

80

-67

-21

869

-31

78

NA

NA

 

 

W S Central

36

-70

-8

531

-2

164

NA

NA

 

 

Mountain

193

-8

29

1,471

-32

355

NA

NA

 

 

Pacific

145

23

29

856

-6

153

NA

NA

 

 

United States

145

-25

0

1,091

-70

154

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal 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_20221213.pdf