Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-19-2022

Dec 19, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:46 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.064

$6.600

-8.12%

-$0.536

29,215

 

 

WTI

$75.47

$74.29

1.59%

$1.18

9,781

 

 

Brent

$80.13

$79.04

1.38%

$1.09

7,365

 

 

ULSD

$3.114

$3.120

-0.20%

-$0.006

6,101

 

 

RBOB

$2.167

$2.132

1.64%

$0.035

4,509

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.52

$4.58

-1.31%

-$0.06

Feb-23

 

 

3:2:1 Crack

$28.44

$28.67

-0.81%

-$0.23

Jan-23

 

 

PJM West Spark

$136.61

$140.47

-2.75%

-$3.86

Jan-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/16/22

776

-4

197

12/17/21

 

 

Canada

12/16/22

199

-3

32

12/17/21

 

 

International

Nov

910

-1

93

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/13/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

89,976

89,569

89,775

-206

 

 

PJM West Off Peak

83,030

82,211

82,697

-486

 

 

Natural Gas Henry Hub

437,890

418,611

427,426

-8,815

 

 

WTI – Light Sweet Crude Futures

139,896

109,779

110,391

-612

 

 

Brent Crude Last Day

157,586

147,387

150,884

-3,497

 

 

NYM Ethanol

20,054

19,397

19,832

-435

 

 

Mt Belvieu LDH Propane Swap

133,248

132,149

131,539

610

 

 

RBOB

263,708

246,521

246,444

77

 

 

HSC Basis

519,161

514,222

511,031

3,191

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

12/15/17

 

 

 

12/9/22

12/2/22

Net Change

% Change

12/10/21

% Change

5 Year Avg.

% Change

 

 

East

822

834

-12

-1.44%

818

0.49%

808

1.73%

 

 

Midwest

1,002

1,028

-26

-2.53%

982

2.04%

967

3.62%

 

 

Mountain

186

193

-7

-3.63%

199

-6.53%

193

-3.63%

 

 

Pacific

203

217

-14

-6.45%

261

-22.22%

272

-25.42%

 

 

South

1,199

1,191

8

0.67%

1,158

3.54%

1,114

7.61%

 

 

    Salt

337

327

10

3.06%

328

2.74%

317

6.18%

 

 

    Non_Salt

862

864

-2

-0.23%

829

3.98%

797

8.21%

 

 

Total

3,412

3,462

-50

-1.44%

3,417

-0.15%

3,354

1.72%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

12/16/22

12/15/22

% Change

Change

11/17/22

% Change

12/17/21

% Change

 

 

PJM West On Peak

Jan-23

$149.64

$154.60

-3.21%

-$4.96

$135.03

10.82%

$71.86

108.25%

 

 

ERCOT North On Peak

Jan-23

$97.61

$104.39

-6.49%

-$6.78

$88.76

9.98%

$58.60

66.56%

 

 

CAISO SP 15 On Peak

Jan-23

$160.30

$175.81

-8.82%

-$15.51

$89.76

78.58%

$59.81

168.04%

 

 

MISO Indiana On Peak

Jan-23

$126.03

$133.20

-5.38%

-$7.16

$120.42

4.66%

$67.57

86.51%

 

 

NEISO Mass On Peak

Jan-23

$261.56

$277.93

-5.89%

-$16.37

$271.30

-3.59%

$148.27

76.41%

 

 

WECC Mid C On Peak

Jan-23

$199.43

$222.04

-10.18%

-$22.61

$132.40

50.63%

$68.33

191.87%

 

 

NYISO Zone G On Peak

Jan-23

$222.82

$231.68

-3.82%

-$8.86

$210.80

5.70%

$105.31

111.58%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/16/22

12/15/22

% Change

Change

11/17/22

% Change

12/17/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$6.600

$6.970

-5.31%

-$0.37

$6.74

-2.14%

$4.02

64.18%

 

 

Houston Ship Channel

Jan-23

-$0.012

$0.099

-112.19%

-$0.11

$0.04

-133.15%

$0.24

-105.01%

 

 

Chicago

Jan-23

$1.253

$1.255

0.21%

$0.00

$0.89

40.81%

$0.36

248.10%

 

 

Waha

Jan-23

$0.266

$0.269

0.89%

$0.00

-$1.16

-123.03%

-$0.16

-270.81%

 

 

Algonquin

Jan-23

$27.013

$27.197

-0.68%

-$0.18

$25.20

7.19%

$14.24

89.69%

 

 

Aeco

Jan-23

-$1.865

-$1.772

5.26%

-$0.09

-$2.22

-15.92%

-$1.15

62.65%

 

 

Socal

Jan-23

$9.154

$8.903

2.82%

$0.25

$2.34

291.07%

$0.96

851.44%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/16/22

12/15/22

% Change

Change

11/17/22

% Change

12/17/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.716

$0.729

-1.74%

-$0.01

$0.87

-17.79%

$0.89

-19.73%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.716

$0.740

-3.30%

-$0.02

$0.88

-18.23%

$0.90

-20.11%

 

 

Mt. Belview Ethane

Jan-23

$0.391

$0.397

-1.52%

-$0.01

$0.41

-4.75%

$0.29

33.45%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.420

$1.428

-0.54%

-$0.01

$1.62

-12.50%

$1.46

-2.48%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.903

$0.898

0.57%

$0.01

$1.00

-9.63%

$1.01

-10.51%

 

 

Conway Propane

Jan-23

$0.743

$0.750

-1.01%

-$0.01

$0.93

-20.07%

$0.97

-23.54%

 

 

Conway Nat. Gasoline

Jan-23

$1.422

$1.426

-0.27%

$0.00

$1.66

-14.56%

$1.47

-3.51%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/16/22

12/15/22

% Change

Change

11/17/22

% Change

12/17/21

% Change

 

 

WTI

Feb-23

$74.46

$76.15

-2.27%

-$1.69

$81.09

-8.18%

$65.61

13.49%

 

 

Brent

Feb-23

$79.04

$81.21

-2.75%

-$2.17

$88.82

-11.01%

$69.32

14.02%

 

 

WCS

Feb-23

-$25.13

-$24.61

2.07%

-$0.52

-$27.60

-8.97%

-$14.80

69.79%

 

 

LLS

Feb-23

$75.73

$77.61

-2.48%

-$1.88

$82.91

-8.66%

$67.26

12.59%

 

 

Mars

Feb-23

$70.43

$72.10

-2.36%

-$1.67

$77.29

-8.87%

$64.11

9.85%

 

 

Sour

Feb-23

$69.96

$71.51

-2.21%

-$1.55

$78.25

-10.59%

$63.54

10.11%

 

 

ESPO

Feb-23

$77.18

$78.86

-2.18%

-$1.69

$84.01

-8.14%

$67.94

13.60%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/16/22

12/15/22

% Change

Change

11/17/22

% Change

12/17/21

% Change

 

 

NY Heating Oil

Jan-23

$3.13

$3.27

-4.13%

-$0.13

$3.40

-7.91%

$2.14

46.33%

 

 

NY Gasoline

Jan-23

$2.14

$2.17

-0.97%

-$0.02

$2.40

-10.63%

$1.92

11.72%

 

 

GC Gasoline

Jan-23

$2.05

$2.07

-1.02%

-$0.02

$2.30

-11.09%

$1.82

12.36%

 

 

GC Jet

Jan-23

$2.77

$2.91

-4.82%

-$0.14

$2.85

-2.88%

$1.95

41.82%

 

 

Chicago Ethanol

Jan-23

$2.13

$2.11

1.00%

$0.02

$2.24

-4.91%

$1.86

14.27%

 

 

Rotterdam Gasoil

Jan-23

$840.78

$897.53

-6.32%

-$56.75

$911.77

-7.79%

$571.60

47.09%

 

 

Singapore Jet Kero

Jan-23

$113.31

$116.44

-2.69%

-$3.13

$116.61

-2.84%

$79.67

42.22%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/16/22

12/15/22

% Change

Change

11/17/22

% Change

12/17/21

% Change

 

 

Henry Hub Straddle

Feb-23

135.07%

111.23%

21.43%

23.84%

127.05%

6.31%

50.92%

165.26%

 

 

Algonquin Straddle

Feb-23

138.88%

129.30%

7.41%

9.58%

170.24%

-18.42%

94.04%

47.68%

 

 

Waha Straddle

Feb-23

161.18%

141.72%

13.73%

19.46%

152.89%

5.42%

50.96%

216.29%

 

 

Chicago Straddle

Feb-23

129.93%

105.36%

23.32%

24.57%

113.51%

14.47%

49.62%

161.85%

 

 

PJM West Straddle

Feb-23

147.61%

155.19%

-4.88%

-7.58%

120.27%

22.73%

51.94%

184.19%

 

 

SP – 15 Straddle

Feb-23

157.15%

275.49%

-42.96%

-118.34%

102.83%

52.83%

23.21%

577.08%

 

 

Mid. C Straddle

Feb-23

477.69%

511.28%

-6.57%

-33.59%

181.52%

163.16%

34.35%

1290.66%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/16/22

12/15/22

% Change

Change

11/17/22

% Change

12/17/21

% Change

 

 

Dutch TTF

Feb-23

EUR 119.40

EUR 135.86

-12.12%

-EUR 16.46

EUR 125.70

-5.01%

EUR 79.45

50.29%

 

 

NBP

Feb-23

GBP 297.00

GBP 341.63

-13.06%

-GBP 44.63

GBP 329.00

-9.73%

GBP 208.11

42.71%

 

 

German Base

Feb-23

EUR 309.23

EUR 342.50

-9.71%

-EUR 33.27

EUR 321.43

-3.79%

EUR 213.16

45.07%

 

 

UK Base

Feb-23

GBP 312.80

GBP 341.79

-8.48%

-GBP 28.99

GBP 372.51

-16.03%

GBP 192.23

62.72%

 

 

French Base

Feb-23

EUR 397.25

EUR 427.88

-7.16%

-EUR 30.64

EUR 686.98

-42.17%

EUR 238.72

66.41%

 

 

Italian Base

Feb-23

EUR 314.15

EUR 349.20

-10.04%

-EUR 35.05

EUR 343.23

-8.47%

EUR 209.48

49.97%

 

 

JKM LNG

Feb-23

$29.16

$34.41

-15.27%

-$5.25

$25.28

15.32%

$30.24

-3.57%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/17/2022

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

9

1

-7

2,170

219

-34

11.00%

-2.00%

 

 

E S Central

0

-1

-2

1,725

179

50

12.00%

3.00%

 

 

W S Central

6

4

-13

2,917

472

304

19.00%

12.00%

 

 

Mountain

0

0

0

1,384

141

-17

11.00%

-1.00%

 

 

Pacific

0

0

0

975

271

69

38.00%

8.00%

 

 

United States

2

1

-3

1,438

224

8

18.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/17/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

241

0

84

1,669

-269

101

NA

NA

 

 

Middle Atlantic

227

4

91

1,532

-173

230

NA

NA

 

 

E N Central

214

-39

56

1,793

-128

250

NA

NA

 

 

W N Central

239

-40

47

1,988

-106

389

NA

NA

 

 

South Atlantic

114

-10

40

755

-55

88

NA

NA

 

 

E S Central

122

-37

33

990

-70

111

NA

NA

 

 

W S Central

88

-28

41

619

-30

205

NA

NA

 

 

Mountain

242

33

45

1,713

0

400

NA

NA

 

 

Pacific

159

32

5

1,015

26

158

NA

NA

 

 

United States

174

-9

47

1,265

-79

201

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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