Morning Report: Gas * Power * NGL * Crude * Products * Vols — Dec-27-2022

Dec 27, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 10:14 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.165

$5.079

1.69%

$0.086

10,226

 

 

WTI

$80.40

$79.56

1.06%

$0.84

106,486

 

 

Brent

$84.78

$83.92

1.02%

$0.86

2,676

 

 

ULSD

$3.353

$3.266

2.66%

$0.087

5,262

 

 

RBOB

$2.399

$2.384

0.63%

$0.015

5,125

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.38

$4.36

0.46%

$0.02

Feb-23

 

 

3:2:1 Crack

$33.06

$32.41

2.02%

$0.66

Feb-23

 

 

PJM West Spark

$90.04

$86.61

3.96%

$3.43

Jan-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/22/22

779

3

193

12/23/21

 

 

Canada

12/22/22

199

-103

-37

12/23/21

 

 

International

Nov

910

-1

93

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/20/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

91,208

90,796

91,007

-211

 

 

PJM West Off Peak

85,019

84,639

84,681

-42

 

 

Natural Gas Henry Hub

443,871

424,199

433,407

-9,208

 

 

WTI – Light Sweet Crude Futures

145,341

114,677

114,755

-78

 

 

Brent Crude Last Day

156,807

147,493

150,662

-3,169

 

 

NYM Ethanol

20,998

20,365

20,744

-379

 

 

Mt Belvieu LDH Propane Swap

138,655

137,386

136,764

622

 

 

RBOB

260,826

242,164

244,309

-2,145

 

 

HSC Basis

538,752

533,945

530,942

3,003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

12/22/17

 

 

 

12/16/22

12/9/22

Net Change

% Change

12/17/21

% Change

5 Year Avg.

% Change

 

 

East

789

822

-33

-4.01%

809

-2.47%

775

1.86%

 

 

Midwest

974

1,002

-28

-2.79%

963

1.14%

924

5.46%

 

 

Mountain

178

186

-8

-4.30%

188

-5.32%

183

-2.63%

 

 

Pacific

186

203

-17

-8.37%

247

-24.70%

260

-28.46%

 

 

South

1,199

1,199

0

0.00%

1,155

3.81%

1,085

10.55%

 

 

    Salt

340

337

3

0.89%

334

1.80%

315

7.94%

 

 

    Non_Salt

858

862

-4

-0.46%

820

4.63%

770

11.49%

 

 

Total

3,325

3,412

-87

-2.55%

3,362

-1.10%

3,226

3.08%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

12/23/22

12/22/22

% Change

Change

11/25/22

% Change

12/27/21

% Change

 

 

PJM West On Peak

Jan-23

$101.09

$97.48

3.70%

$3.61

$139.39

-27.48%

$75.90

33.19%

 

 

ERCOT North On Peak

Jan-23

$72.58

$72.87

-0.41%

-$0.30

$93.06

-22.01%

$59.13

22.74%

 

 

CAISO SP 15 On Peak

Jan-23

$274.44

$276.37

-0.70%

-$1.93

$115.03

138.58%

$58.77

366.98%

 

 

MISO Indiana On Peak

Jan-23

$87.17

$84.44

3.24%

$2.74

$115.94

-24.81%

$72.70

19.91%

 

 

NEISO Mass On Peak

Jan-23

$194.90

$194.30

0.31%

$0.60

$284.36

-31.46%

$161.22

20.89%

 

 

WECC Mid C On Peak

Jan-23

$285.88

$288.99

-1.08%

-$3.11

$143.88

98.69%

$66.43

330.33%

 

 

NYISO Zone G On Peak

Jan-23

$163.16

$163.22

-0.04%

-$0.06

$232.37

-29.78%

$127.12

28.35%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/23/22

12/22/22

% Change

Change

11/25/22

% Change

12/27/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$5.079

$4.999

1.60%

$0.08

$7.33

-30.71%

$4.22

20.24%

 

 

Houston Ship Channel

Jan-23

-$0.421

-$0.282

49.63%

-$0.14

$0.29

-245.19%

$0.23

-282.47%

 

 

Chicago

Jan-23

$0.957

$1.148

19.95%

-$0.19

$0.88

8.48%

$0.38

149.99%

 

 

Waha

Jan-23

-$0.400

-$0.120

-232.86%

-$0.28

-$0.65

-38.07%

-$0.13

207.77%

 

 

Algonquin

Jan-23

$22.250

$20.460

8.75%

$1.79

$28.15

-20.96%

$17.41

27.80%

 

 

Aeco

Jan-23

-$0.769

-$0.818

-5.92%

$0.05

-$2.66

-71.07%

-$1.04

-25.76%

 

 

Socal

Jan-23

$24.675

$24.509

0.68%

$0.17

$3.76

556.77%

$1.08

2176.68%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/23/22

12/22/22

% Change

Change

11/25/22

% Change

12/27/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.760

$0.748

1.66%

$0.01

$0.84

-9.52%

$0.93

-18.18%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.750

$0.740

1.34%

$0.01

$0.84

-10.71%

$0.93

-19.21%

 

 

Mt. Belview Ethane

Jan-23

$0.346

$0.357

-3.21%

-$0.01

$0.42

-17.91%

$0.30

16.09%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.506

$1.516

-0.63%

-$0.01

$1.55

-3.10%

$1.51

-0.10%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.934

$0.930

0.46%

$0.00

$0.95

-2.15%

$1.04

-10.64%

 

 

Conway Propane

Jan-23

$0.770

$0.761

1.15%

$0.01

$0.88

-12.34%

$0.98

-21.63%

 

 

Conway Nat. Gasoline

Jan-23

$1.497

$1.520

-1.50%

-$0.02

$1.62

-7.54%

$1.54

-2.57%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/23/22

12/22/22

% Change

Change

11/25/22

% Change

12/27/21

% Change

 

 

WTI

Feb-23

$79.56

$77.49

2.60%

$2.07

$76.43

4.10%

$69.07

15.19%

 

 

Brent

Feb-23

$83.92

$80.98

3.50%

$2.94

$83.71

0.25%

$72.71

15.42%

 

 

WCS

Feb-23

-$26.69

-$25.42

4.75%

-$1.27

-$30.93

-13.72%

-$15.09

76.91%

 

 

LLS

Feb-23

$81.11

$79.48

2.01%

$1.63

$78.95

2.74%

$68.32

18.72%

 

 

Mars

Feb-23

$74.74

$73.11

2.19%

$1.63

$72.41

3.22%

$64.89

15.18%

 

 

Sour

Feb-23

$72.18

$73.03

-1.18%

-$0.85

$72.95

-1.06%

$65.35

10.45%

 

 

ESPO

Feb-23

$81.60

$81.00

0.73%

$0.60

$82.42

-0.99%

$69.29

17.77%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/23/22

12/22/22

% Change

Change

11/25/22

% Change

12/27/21

% Change

 

 

NY Heating Oil

Jan-23

$3.26

$3.15

3.55%

$0.11

$3.19

2.19%

$2.26

44.32%

 

 

NY Gasoline

Jan-23

$2.38

$2.27

4.99%

$0.11

$2.30

3.21%

$2.02

17.96%

 

 

GC Gasoline

Jan-23

$2.28

$2.16

5.22%

$0.11

$2.20

3.36%

$1.92

18.89%

 

 

GC Jet

Jan-23

$2.93

$2.83

3.49%

$0.10

$2.79

5.31%

$1.99

47.46%

 

 

Chicago Ethanol

Jan-23

$2.24

$2.23

0.76%

$0.02

$2.25

-0.18%

$2.02

10.98%

 

 

Rotterdam Gasoil

Jan-23

$862.65

$846.48

1.91%

$16.17

$856.68

0.70%

$600.60

43.63%

 

 

Singapore Jet Kero

Jan-23

$110.05

$111.88

-1.63%

-$1.83

$111.42

-1.23%

$84.04

30.95%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/23/22

12/22/22

% Change

Change

11/25/22

% Change

12/27/21

% Change

 

 

Henry Hub Straddle

Feb-23

107.81%

127.76%

-15.62%

-19.95%

151.66%

-28.91%

44.28%

143.47%

 

 

Algonquin Straddle

Feb-23

139.55%

138.09%

1.06%

1.46%

188.35%

-25.91%

81.37%

71.50%

 

 

Waha Straddle

Feb-23

134.62%

150.23%

-10.39%

-15.61%

172.48%

-21.95%

42.22%

218.85%

 

 

Chicago Straddle

Feb-23

99.54%

120.00%

-17.05%

-20.46%

140.06%

-28.93%

44.34%

124.49%

 

 

PJM West Straddle

Feb-23

155.26%

144.55%

7.41%

10.71%

148.94%

4.24%

54.23%

186.30%

 

 

SP – 15 Straddle

Feb-23

293.41%

197.61%

48.48%

95.80%

122.55%

139.42%

25.38%

1056.07%

 

 

Mid. C Straddle

Feb-23

449.75%

527.86%

-14.80%

-78.11%

170.75%

163.40%

35.83%

1155.23%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/23/22

12/22/22

% Change

Change

11/25/22

% Change

12/27/21

% Change

 

 

Dutch TTF

Feb-23

EUR 86.44

EUR 93.85

-7.90%

-EUR 7.41

EUR 132.25

-34.64%

EUR 96.22

-10.16%

 

 

NBP

Feb-23

GBP 218.25

GBP 232.75

-6.23%

-GBP 14.50

GBP 330.99

-34.06%

GBP 284.32

-23.24%

 

 

German Base

Feb-23

EUR 245.00

EUR 258.98

-5.40%

-EUR 13.98

EUR 401.60

-38.99%

EUR 256.24

-4.39%

 

 

UK Base

Feb-23

GBP 255.49

GBP 259.37

-1.50%

-GBP 3.88

GBP 402.35

-36.50%

GBP 243.96

4.73%

 

 

French Base

Feb-23

EUR 321.61

EUR 337.24

-4.63%

-EUR 15.63

EUR 741.83

-56.65%

EUR 316.89

1.49%

 

 

Italian Base

Feb-23

EUR 252.53

EUR 263.06

-4.00%

-EUR 10.53

EUR 334.95

-24.61%

EUR 256.45

-1.53%

 

 

JKM LNG

Feb-23

$29.90

$29.55

1.17%

$0.35

$29.68

0.74%

$37.07

-19.34%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/24/2022

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

3

-4

-6

2,173

215

-40

11.00%

-2.00%

 

 

E S Central

0

-1

-1

1,725

178

49

12.00%

3.00%

 

 

W S Central

0

-1

-6

2,917

470

298

19.00%

11.00%

 

 

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

1

0

-2

1,438

223

6

18.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/24/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

242

-14

-3

1,912

-282

97

NA

NA

 

 

Middle Atlantic

253

16

34

1,785

-158

264

NA

NA

 

 

E N Central

329

60

105

2,122

-68

355

NA

NA

 

 

W N Central

404

110

155

2,392

3

544

NA

NA

 

 

South Atlantic

169

36

62

925

-18

149

NA

NA

 

 

E S Central

242

71

103

1,232

2

214

NA

NA

 

 

W S Central

200

75

112

819

45

317

NA

NA

 

 

Mountain

254

38

64

1,966

38

464

NA

NA

 

 

Pacific

140

9

5

1,155

35

164

NA

NA

 

 

United States

236

42

68

1,500

-37

269

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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