Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-15-2022

Dec 15, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:09 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.471

$6.430

0.64%

$0.041

20,700

 

 

WTI

$76.88

$77.28

-0.52%

-$0.40

66,705

 

 

Brent

$82.32

$82.70

-0.46%

-$0.38

8,048

 

 

ULSD

$3.241

$3.277

-1.10%

-$0.036

5,232

 

 

RBOB

$2.221

$2.244

-1.03%

-$0.023

3,317

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.37

$5.39

-0.37%

-$0.02

Feb-23

 

 

3:2:1 Crack

$30.28

$31.01

-2.34%

-$0.72

Jan-23

 

 

PJM West Spark

$126.27

$129.06

-2.16%

-$2.79

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

12/14/22

12/13/22

% Change

Change

11/15/22

% Change

12/15/21

% Change

 

 

PJM West On Peak

Jan-23

$140.10

$142.82

-1.90%

-$2.72

$120.40

16.36%

$69.66

101.12%

 

 

ERCOT North On Peak

Jan-23

$108.02

$109.63

-1.47%

-$1.61

$87.27

23.78%

$58.74

83.89%

 

 

CAISO SP 15 On Peak

Jan-23

$175.29

$240.93

-27.24%

-$65.64

$97.07

80.57%

$58.35

200.43%

 

 

MISO Indiana On Peak

Jan-23

$117.89

$125.33

-5.94%

-$7.44

$110.08

7.09%

$65.34

80.42%

 

 

NEISO Mass On Peak

Jan-23

$279.72

$262.59

6.52%

$17.12

$233.58

19.75%

$132.41

111.24%

 

 

WECC Mid C On Peak

Jan-23

$212.20

$228.65

-7.19%

-$16.45

$128.24

65.48%

$65.11

225.94%

 

 

NYISO Zone G On Peak

Jan-23

$219.72

$214.71

2.33%

$5.01

$187.36

17.27%

$97.33

125.75%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/14/22

12/13/22

% Change

Change

11/15/22

% Change

12/15/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$6.430

$6.935

-7.28%

-$0.51

$6.39

0.55%

$4.11

56.60%

 

 

Houston Ship Channel

Jan-23

$0.391

$0.387

1.01%

$0.00

$0.15

167.35%

$0.24

61.67%

 

 

Chicago

Jan-23

$1.404

$1.562

11.22%

-$0.16

$0.86

63.21%

$0.36

295.19%

 

 

Waha

Jan-23

$0.615

$0.541

13.56%

$0.07

-$0.65

-194.60%

-$0.21

-397.82%

 

 

Algonquin

Jan-23

$25.963

$25.503

1.80%

$0.46

$18.17

42.91%

$12.20

112.87%

 

 

Aeco

Jan-23

-$1.957

-$1.893

3.40%

-$0.06

-$1.73

13.07%

-$1.15

70.03%

 

 

Socal

Jan-23

$8.236

$14.330

-42.52%

-$6.09

$2.19

276.46%

$0.96

754.99%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/14/22

12/13/22

% Change

Change

11/15/22

% Change

12/15/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.747

$0.748

-0.20%

$0.00

$0.90

-17.01%

$0.90

-17.23%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.746

$0.745

0.07%

$0.00

$0.89

-16.23%

$0.88

-15.41%

 

 

Mt. Belview Ethane

Jan-23

$0.395

$0.378

4.66%

$0.02

$0.41

-4.26%

$0.29

36.66%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.451

$1.429

1.52%

$0.02

$1.64

-11.55%

$1.45

0.19%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.915

$0.894

2.36%

$0.02

$1.01

-9.42%

$1.01

-9.16%

 

 

Conway Propane

Jan-23

$0.780

$0.767

1.63%

$0.01

$0.95

-18.32%

$0.95

-17.86%

 

 

Conway Nat. Gasoline

Jan-23

$1.439

$1.434

0.37%

$0.01

$1.69

-14.60%

$1.46

-1.47%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/14/22

12/13/22

% Change

Change

11/15/22

% Change

12/15/21

% Change

 

 

WTI

Feb-23

$77.31

$75.44

2.42%

$1.87

$85.52

-9.60%

$66.58

16.12%

 

 

Brent

Feb-23

$82.70

$80.68

2.44%

$2.02

$92.75

-10.84%

$70.11

17.96%

 

 

WCS

Feb-23

-$25.19

-$29.03

-15.27%

$3.85

-$26.84

-6.15%

-$14.80

70.18%

 

 

LLS

Feb-23

$78.63

$76.83

2.29%

$1.80

$85.35

-7.87%

$67.84

15.91%

 

 

Mars

Feb-23

$72.52

$70.26

3.12%

$2.26

$80.59

-10.02%

$65.29

11.07%

 

 

Sour

Feb-23

$71.75

$69.67

2.90%

$2.08

$81.10

-11.52%

$64.23

11.71%

 

 

ESPO

Feb-23

$79.79

$78.04

2.19%

$1.75

$86.16

-7.40%

$68.76

16.04%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/14/22

12/13/22

% Change

Change

11/15/22

% Change

12/15/21

% Change

 

 

NY Heating Oil

Jan-23

$3.19

$3.10

3.07%

$0.10

$3.51

-9.19%

$2.13

50.09%

 

 

NY Gasoline

Jan-23

$2.24

$2.17

3.65%

$0.08

$2.48

-9.40%

$1.88

19.73%

 

 

GC Gasoline

Jan-23

$2.14

$2.07

3.82%

$0.08

$2.38

-9.80%

$1.77

20.85%

 

 

GC Jet

Jan-23

$2.83

$2.77

2.35%

$0.07

$3.01

-5.91%

$1.96

44.32%

 

 

Chicago Ethanol

Jan-23

$2.16

$2.18

-0.78%

-$0.02

$2.24

-3.79%

$2.03

6.35%

 

 

Rotterdam Gasoil

Jan-23

$843.02

$839.17

0.46%

$3.84

$911.37

-7.50%

$570.08

47.88%

 

 

Singapore Jet Kero

Jan-23

$111.59

$108.07

3.26%

$3.52

$117.60

-5.11%

$80.25

39.06%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/14/22

12/13/22

% Change

Change

11/15/22

% Change

12/15/21

% Change

 

 

Henry Hub Straddle

Jan-23

121.22%

107.50%

12.76%

13.72%

120.27%

0.79%

46.04%

163.29%

 

 

Algonquin Straddle

Jan-23

122.36%

118.29%

3.44%

4.07%

143.09%

-14.49%

85.00%

43.95%

 

 

Waha Straddle

Jan-23

172.76%

147.05%

17.48%

25.71%

149.10%

15.87%

46.33%

272.89%

 

 

Chicago Straddle

Jan-23

114.75%

104.33%

9.99%

10.42%

106.81%

7.43%

45.00%

155.00%

 

 

PJM West Straddle

Jan-23

168.96%

167.57%

0.83%

1.39%

123.81%

36.47%

53.96%

213.12%

 

 

SP – 15 Straddle

Jan-23

827.82%

0.00%

#DIV/0!

827.82%

136.63%

505.88%

27.85%

2872.42%

 

 

Mid. C Straddle

Jan-23

359.57%

305.50%

17.70%

54.07%

254.09%

41.51%

39.40%

812.61%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/14/22

12/13/22

% Change

Change

11/15/22

% Change

12/15/21

% Change

 

 

Dutch TTF

Jan-23

EUR 131.75

EUR 137.55

-4.22%

-EUR 5.80

EUR 127.71

3.16%

EUR 68.61

92.04%

 

 

NBP

Jan-23

GBP 326.00

GBP 343.00

-4.96%

-GBP 17.00

GBP 330.00

-1.21%

GBP 186.19

75.09%

 

 

German Base

Jan-23

EUR 327.65

EUR 342.53

-4.34%

-EUR 14.88

EUR 317.00

3.36%

EUR 191.04

71.51%

 

 

UK Base

Jan-23

GBP 347.40

GBP 398.37

-12.79%

-GBP 50.97

GBP 506.94

-31.47%

GBP 175.73

97.70%

 

 

French Base

Jan-23

EUR 449.17

EUR 491.48

-8.61%

-EUR 42.30

EUR 863.48

-47.98%

EUR 213.21

110.67%

 

 

Italian Base

Jan-23

EUR 344.51

EUR 349.30

-1.37%

-EUR 4.79

EUR 340.74

1.10%

EUR 183.71

87.52%

 

 

JKM LNG

Jan-23

$31.69

$34.55

-8.27%

-$2.86

$30.73

3.15%

$24.00

32.05%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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