Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-02-2023

Feb 2, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:39 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.529

$2.468

2.47%

$0.061

49,913

 

 

WTI

$75.03

$76.41

-1.81%

-$1.38

171,244

 

 

Brent

$81.25

$84.51

-3.86%

-$3.26

12,511

 

 

ULSD

$2.920

$2.951

-1.06%

-$0.031

16,060

 

 

RBOB

$2.444

$2.454

-0.41%

-$0.010

13,129

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.95

$6.11

-2.62%

-$0.16

Apr-23

 

 

3:2:1 Crack

$37.71

$37.25

1.23%

$0.46

Mar-23

 

 

PJM West Spark

$34.15

$37.44

-8.78%

-$3.29

Mar-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

01/27/23

771

0

161

01/28/22

 

 

Canada

01/27/23

247

6

30

01/28/22

 

 

International

Dec

900

-10

66

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/24/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,035

95,644

95,871

-227

 

 

PJM West Off Peak

87,641

87,239

87,353

-114

 

 

Natural Gas Henry Hub

451,692

429,931

441,012

-11,081

 

 

WTI – Light Sweet Crude Futures

147,592

110,044

113,781

-3,737

 

 

Brent Crude Last Day

160,969

152,193

155,194

-3,001

 

 

NYM Ethanol

25,088

24,363

24,610

-247

 

 

Mt Belvieu LDH Propane Swap

139,408

138,186

138,760

-574

 

 

RBOB

318,554

295,300

304,258

-8,958

 

 

HSC Basis

539,877

535,221

531,339

3,882

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

02/02/18

 

 

 

1/27/23

1/20/23

Net Change

% Change

1/28/22

% Change

5 Year Avg.

% Change

 

 

East

578

622

-44

-7.07%

541

6.84%

535

7.96%

 

 

Midwest

708

749

-41

-5.47%

616

14.94%

625

13.28%

 

 

Mountain

132

140

-8

-5.71%

133

-0.75%

133

-0.45%

 

 

Pacific

140

150

-10

-6.67%

196

-28.57%

210

-33.46%

 

 

South

1,025

1,067

-42

-3.94%

837

22.46%

829

23.70%

 

 

    Salt

297

310

-13

-4.19%

231

28.57%

244

21.92%

 

 

    Non_Salt

728

757

-29

-3.83%

606

20.13%

585

24.49%

 

 

Total

2,583

2,729

-146

-5.35%

2,323

11.19%

2,332

10.77%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

2/1/23

1/31/23

% Change

Change

1/3/23

% Change

2/1/22

% Change

 

 

PJM West On Peak

Mar-23

$39.58

$42.72

-7.36%

-$3.14

$57.74

-31.45%

$56.34

-29.76%

 

 

ERCOT North On Peak

Mar-23

$34.46

$36.48

-5.55%

-$2.02

$41.27

-16.51%

$48.19

-28.49%

 

 

CAISO SP 15 On Peak

Mar-23

$43.61

$48.01

-9.16%

-$4.40

$77.33

-43.60%

$46.54

-6.28%

 

 

MISO Indiana On Peak

Mar-23

$38.45

$41.12

-6.50%

-$2.67

$55.70

-30.98%

$53.91

-28.68%

 

 

NEISO Mass On Peak

Mar-23

$55.97

$59.46

-5.87%

-$3.49

$94.41

-40.72%

$86.82

-35.54%

 

 

WECC Mid C On Peak

Mar-23

$59.91

$60.95

-1.70%

-$1.04

$83.47

-28.22%

$43.70

37.11%

 

 

NYISO Zone G On Peak

Mar-23

$44.82

$46.78

-4.18%

-$1.96

$69.51

-35.52%

$74.88

-40.14%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/1/23

1/31/23

% Change

Change

1/3/23

% Change

2/1/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.468

$2.684

-8.05%

-$0.22

$3.64

-32.22%

$4.36

-43.41%

 

 

Houston Ship Channel

Mar-23

-$0.487

-$0.491

-0.84%

$0.00

-$0.71

-31.03%

-$0.13

287.04%

 

 

Chicago

Mar-23

-$0.030

$0.030

-201.35%

-$0.06

-$0.17

-82.47%

$0.15

-119.29%

 

 

Waha

Mar-23

-$1.191

-$1.142

-4.30%

-$0.05

-$2.81

-57.66%

-$1.09

9.65%

 

 

Algonquin

Mar-23

$2.702

$2.956

-8.61%

-$0.25

$6.54

-58.68%

$4.52

-40.28%

 

 

Aeco

Mar-23

-$0.321

-$0.261

23.34%

-$0.06

-$0.81

-60.27%

-$1.15

-72.14%

 

 

Socal

Mar-23

$0.969

$1.092

-11.29%

-$0.12

$2.98

-67.43%

$0.24

310.72%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/1/23

1/31/23

% Change

Change

1/3/23

% Change

2/1/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.860

$0.903

-4.76%

-$0.04

$0.80

8.02%

$0.99

-13.22%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.882

$0.913

-3.33%

-$0.03

$0.81

9.33%

$0.99

-11.01%

 

 

Mt. Belview Ethane

Mar-23

$0.242

$0.250

-3.39%

-$0.01

$0.29

-18.02%

$0.35

-30.79%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.662

$1.648

0.85%

$0.01

$1.58

4.92%

$1.68

-1.06%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.085

$1.071

1.27%

$0.01

$0.97

12.42%

$1.16

-6.19%

 

 

Conway Propane

Mar-23

$0.840

$0.860

-2.38%

-$0.02

$0.79

5.97%

$1.02

-17.57%

 

 

Conway Nat. Gasoline

Mar-23

$1.678

$1.697

-1.14%

-$0.02

$1.60

4.71%

$1.74

-3.56%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/1/23

1/31/23

% Change

Change

1/3/23

% Change

2/1/22

% Change

 

 

WTI

Mar-23

$76.41

$78.87

-3.22%

-$2.46

$77.12

-0.92%

$76.12

0.38%

 

 

Brent

Mar-23

$84.51

$85.64

-1.34%

-$1.13

$82.10

2.94%

$79.72

6.01%

 

 

WCS

Mar-23

-$22.51

-$24.54

-9.00%

$2.03

-$29.40

-23.43%

-$12.37

81.95%

 

 

LLS

Mar-23

$79.76

$82.13

-2.96%

-$2.36

$78.67

1.39%

$77.00

3.59%

 

 

Mars

Mar-23

$73.67

$75.10

-1.94%

-$1.43

$72.89

1.07%

$73.61

0.09%

 

 

Sour

Mar-23

$74.82

$75.91

-1.46%

-$1.09

$74.24

0.78%

$74.69

0.16%

 

 

ESPO

Mar-23

$80.41

$81.68

-1.59%

-$1.27

$79.38

1.29%

$76.04

5.74%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/1/23

1/31/23

% Change

Change

1/3/23

% Change

2/1/22

% Change

 

 

NY Heating Oil

Mar-23

$2.96

$3.15

-5.96%

-$0.19

$3.12

-4.91%

$2.41

22.99%

 

 

NY Gasoline

Mar-23

$2.46

$2.57

-4.09%

-$0.11

$2.37

4.10%

$2.22

10.94%

 

 

GC Gasoline

Mar-23

$2.36

$2.47

-4.25%

-$0.11

$2.27

4.28%

$2.12

11.46%

 

 

GC Jet

Mar-23

$2.66

$2.77

-4.04%

-$0.11

$2.96

-10.15%

$2.19

21.16%

 

 

Chicago Ethanol

Mar-23

$2.16

$2.16

0.23%

$0.00

$2.29

-5.46%

$1.88

15.10%

 

 

Rotterdam Gasoil

Mar-23

$801.48

$839.22

-4.50%

-$37.74

$828.92

-3.31%

$654.47

22.46%

 

 

Singapore Jet Kero

Mar-23

$112.93

$112.93

0.00%

$0.00

$111.15

1.60%

$92.08

22.65%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/1/23

1/31/23

% Change

Change

1/3/23

% Change

2/1/22

% Change

 

 

Henry Hub Straddle

Mar-23

95.85%

92.33%

3.81%

3.52%

94.57%

1.35%

55.22%

73.58%

 

 

Algonquin Straddle

Mar-23

148.38%

142.03%

4.47%

6.35%

137.00%

8.31%

70.47%

110.56%

 

 

Waha Straddle

Mar-23

284.82%

245.27%

16.13%

39.55%

267.01%

6.67%

66.03%

331.35%

 

 

Chicago Straddle

Mar-23

120.48%

108.84%

10.69%

11.64%

103.81%

16.06%

52.36%

130.10%

 

 

PJM West Straddle

Mar-23

94.39%

96.16%

-1.84%

-1.77%

94.24%

0.16%

44.29%

113.12%

 

 

SP – 15 Straddle

Mar-23

87.04%

74.40%

16.99%

12.64%

132.62%

-34.37%

22.99%

278.60%

 

 

Mid. C Straddle

Mar-23

122.17%

137.40%

-11.08%

-15.23%

134.44%

-9.13%

34.35%

255.66%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/1/23

1/31/23

% Change

Change

1/3/23

% Change

2/1/22

% Change

 

 

Dutch TTF

Mar-23

EUR 58.20

EUR 59.00

-1.36%

-EUR 0.80

EUR 73.10

-20.38%

EUR 71.55

-18.66%

 

 

NBP

Mar-23

GBP 150.50

GBP 151.50

-0.66%

-GBP 1.00

GBP 172.76

-12.88%

GBP 183.14

-17.82%

 

 

German Base

Mar-23

EUR 140.25

EUR 137.75

1.81%

EUR 2.50

EUR 187.00

-25.00%

EUR 182.50

-23.15%

 

 

UK Base

Mar-23

GBP 148.70

GBP 146.02

1.83%

GBP 2.68

GBP 174.46

-14.76%

GBP 181.61

-18.12%

 

 

French Base

Mar-23

EUR 155.87

EUR 154.54

0.86%

EUR 1.33

EUR 217.80

-28.43%

EUR 230.97

-32.51%

 

 

Italian Base

Mar-23

EUR 167.23

EUR 162.53

2.89%

EUR 4.69

EUR 199.79

-16.30%

EUR 186.29

-10.23%

 

 

JKM LNG

Mar-23

$19.14

$19.73

-2.98%

-$0.59

$23.39

-18.15%

$25.51

-24.98%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

01/28/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

0

0

0

NA

NA

 

 

Middle Atlantic

0

0

0

0

0

0

NA

NA

 

 

E N Central

0

0

0

0

0

0

NA

NA

 

 

W N Central

0

0

0

0

0

0

NA

NA

 

 

South Atlantic

7

-1

5

25

-6

1

NA

NA

 

 

E S Central

0

-1

0

2

-5

-2

NA

NA

 

 

W S Central

0

-4

0

17

4

10

NA

NA

 

 

Mountain

0

-1

0

0

-1

0

NA

NA

 

 

Pacific

0

-1

0

0

-2

0

NA

NA

 

 

United States

1

-1

1

7

-1

1

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/28/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

221

-62

-101

3,011

-576

-167

NA

NA

 

 

Middle Atlantic

204

-60

-103

2,781

-456

11

NA

NA

 

 

E N Central

249

-45

-94

3,251

-399

86

NA

NA

 

 

W N Central

288

-23

-45

3,699

-256

291

NA

NA

 

 

South Atlantic

126

-19

-44

1,512

-153

120

NA

NA

 

 

E S Central

169

-14

-46

1,923

-230

120

NA

NA

 

 

W S Central

143

12

-6

1,304

-140

269

NA

NA

 

 

Mountain

248

38

35

3,021

11

475

NA

NA

 

 

Pacific

135

12

22

1,800

34

174

NA

NA

 

 

United States

187

-19

-44

2,342

-227

145

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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