Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-07-2023

Feb 7, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.526

$2.457

2.81%

$0.069

25,944

 

 

WTI

$75.43

$74.11

1.78%

$1.32

94,432

 

 

Brent

$82.18

$80.99

1.47%

$1.19

8,494

 

 

ULSD

$2.837

$2.769

2.47%

$0.068

7,829

 

 

RBOB

$2.429

$2.373

2.35%

$0.056

5,989

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.41

$6.52

-1.69%

-$0.11

Apr-23

 

 

3:2:1 Crack

$36.18

$35.12

3.02%

$1.06

Mar-23

 

 

PJM West Spark

$32.89

$34.07

-3.47%

-$1.18

Mar-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/03/23

759

-12

146

02/04/22

 

 

Canada

02/03/23

249

2

31

02/04/22

 

 

International

Jan

901

1

60

Jan

 

 

 

 

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

2/6/23

2/3/23

% Change

Change

1/6/23

% Change

2/4/22

% Change

 

 

PJM West On Peak

Mar-23

$38.28

$39.33

-2.66%

-$1.04

$51.63

-25.85%

$56.32

-32.02%

 

 

ERCOT North On Peak

Mar-23

$32.07

$34.18

-6.17%

-$2.11

$41.70

-23.09%

$49.96

-35.80%

 

 

CAISO SP 15 On Peak

Mar-23

$40.36

$41.89

-3.67%

-$1.54

$73.06

-44.76%

$49.17

-17.92%

 

 

MISO Indiana On Peak

Mar-23

$37.87

$39.03

-2.98%

-$1.16

$49.30

-23.19%

$53.48

-29.19%

 

 

NEISO Mass On Peak

Mar-23

$56.98

$53.52

6.46%

$3.46

$79.73

-28.54%

$91.08

-37.44%

 

 

WECC Mid C On Peak

Mar-23

$56.11

$58.51

-4.09%

-$2.39

$78.94

-28.92%

$47.92

17.11%

 

 

NYISO Zone G On Peak

Mar-23

$45.31

$42.47

6.69%

$2.84

$56.74

-20.14%

$75.31

-39.83%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/6/23

2/3/23

% Change

Change

1/6/23

% Change

2/4/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.457

$2.410

1.95%

$0.05

$3.39

-27.56%

$4.38

-43.84%

 

 

Houston Ship Channel

Mar-23

-$0.378

-$0.350

7.89%

-$0.03

-$0.70

-46.24%

-$0.12

205.25%

 

 

Chicago

Mar-23

$0.094

$0.068

-28.50%

$0.03

-$0.11

-182.37%

$0.07

31.48%

 

 

Waha

Mar-23

-$1.346

-$1.153

-16.71%

-$0.19

-$2.57

-47.70%

-$1.08

24.04%

 

 

Algonquin

Mar-23

$2.549

$2.662

-4.24%

-$0.11

$5.73

-55.53%

$4.41

-42.19%

 

 

Aeco

Mar-23

-$0.250

-$0.265

-5.73%

$0.02

-$0.63

-60.07%

-$1.02

-75.53%

 

 

Socal

Mar-23

$0.883

$1.005

-12.20%

-$0.12

$3.74

-76.40%

$0.19

356.46%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/6/23

2/3/23

% Change

Change

1/6/23

% Change

2/4/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.805

$0.815

-1.23%

-$0.01

$0.76

5.25%

$1.02

-21.45%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.804

$0.837

-4.03%

-$0.03

$0.76

5.22%

$1.02

-21.49%

 

 

Mt. Belview Ethane

Mar-23

$0.259

$0.268

-3.57%

-$0.01

$0.27

-2.89%

$0.34

-24.57%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.557

$1.608

-3.16%

-$0.05

$1.49

4.78%

$1.75

-11.12%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.020

$1.015

0.52%

$0.01

$0.93

9.81%

$1.14

-10.87%

 

 

Conway Propane

Mar-23

$0.757

$0.769

-1.54%

-$0.01

$0.74

2.01%

$1.06

-28.59%

 

 

Conway Nat. Gasoline

Mar-23

$1.568

$1.654

-5.20%

-$0.09

$1.50

4.23%

$1.78

-12.05%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/6/23

2/3/23

% Change

Change

1/6/23

% Change

2/4/22

% Change

 

 

WTI

Mar-23

$74.11

$73.39

0.97%

$0.72

$74.04

0.09%

$78.68

-5.81%

 

 

Brent

Mar-23

$81.16

$80.09

1.32%

$1.07

$78.57

3.30%

$82.42

-1.53%

 

 

WCS

Mar-23

-$23.45

-$23.23

0.95%

-$0.22

-$26.83

-12.59%

-$13.43

74.61%

 

 

LLS

Mar-23

$77.98

$76.85

1.44%

$1.13

$77.23

0.97%

$79.51

-1.93%

 

 

Mars

Mar-23

$72.30

$71.98

0.43%

$0.31

$71.01

1.82%

$75.73

-4.53%

 

 

Sour

Mar-23

$72.92

$72.36

0.77%

$0.56

$69.32

5.20%

$77.75

-6.20%

 

 

ESPO

Mar-23

$78.76

$78.15

0.77%

$0.61

$76.14

3.44%

$82.66

-4.72%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/6/23

2/3/23

% Change

Change

1/6/23

% Change

2/4/22

% Change

 

 

NY Heating Oil

Mar-23

$2.77

$2.77

-0.11%

$0.00

$2.93

-5.46%

$2.52

10.02%

 

 

NY Gasoline

Mar-23

$2.38

$2.32

2.63%

$0.06

$2.26

5.31%

$2.29

4.20%

 

 

GC Gasoline

Mar-23

$2.28

$2.22

2.75%

$0.06

$2.16

5.55%

$2.19

4.39%

 

 

GC Jet

Mar-23

$2.53

$2.59

-2.20%

-$0.06

$2.59

-2.01%

$2.29

10.51%

 

 

Chicago Ethanol

Mar-23

$2.20

$2.19

0.68%

$0.01

$2.16

2.08%

$1.85

19.06%

 

 

Rotterdam Gasoil

Mar-23

$741.80

$755.71

-1.84%

-$13.90

$776.46

-4.46%

$694.51

6.81%

 

 

Singapore Jet Kero

Mar-23

$99.51

$105.29

-5.50%

-$5.79

$104.86

-5.11%

$93.43

6.51%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/6/23

2/3/23

% Change

Change

1/6/23

% Change

2/4/22

% Change

 

 

Henry Hub Straddle

Mar-23

95.66%

98.49%

-2.87%

-2.83%

89.90%

6.41%

50.97%

87.68%

 

 

Algonquin Straddle

Mar-23

146.77%

141.41%

3.79%

5.36%

129.55%

13.29%

75.70%

93.88%

 

 

Waha Straddle

Mar-23

271.67%

245.60%

10.61%

26.07%

300.56%

-9.61%

59.69%

355.13%

 

 

Chicago Straddle

Mar-23

114.17%

113.98%

0.17%

0.19%

106.65%

7.05%

53.36%

113.96%

 

 

PJM West Straddle

Mar-23

104.90%

99.39%

5.54%

5.51%

94.27%

11.28%

52.48%

99.89%

 

 

SP – 15 Straddle

Mar-23

100.35%

119.49%

-16.02%

-19.14%

171.71%

-41.56%

26.34%

280.98%

 

 

Mid. C Straddle

Mar-23

118.76%

124.54%

-4.64%

-5.78%

125.37%

-5.27%

38.69%

206.95%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/6/23

2/3/23

% Change

Change

1/6/23

% Change

2/4/22

% Change

 

 

Dutch TTF

Mar-23

EUR 57.37

EUR 58.60

-2.11%

-EUR 1.23

EUR 70.21

-18.30%

EUR 75.15

-23.66%

 

 

NBP

Mar-23

GBP 145.50

GBP 150.50

-3.32%

-GBP 5.00

GBP 172.25

-15.53%

GBP 193.67

-24.87%

 

 

German Base

Mar-23

EUR 135.04

EUR 137.00

-1.43%

-EUR 1.96

EUR 177.60

-23.97%

EUR 186.08

-27.43%

 

 

UK Base

Mar-23

GBP 150.84

GBP 145.70

3.53%

GBP 5.14

GBP 169.08

-10.79%

GBP 193.69

-22.12%

 

 

French Base

Mar-23

EUR 151.68

EUR 155.41

-2.40%

-EUR 3.73

EUR 194.59

-22.05%

EUR 242.38

-37.42%

 

 

Italian Base

Mar-23

EUR 167.40

EUR 168.76

-0.80%

-EUR 1.36

EUR 198.25

-15.56%

EUR 198.24

-15.56%

 

 

JKM LNG

Mar-23

$17.86

$18.51

-3.51%

-$0.65

$23.11

-22.72%

$26.97

-33.79%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

02/04/2023

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

11

4

7

36

-2

8

NA

NA

 

 

E S Central

0

-1

0

2

-6

-2

NA

NA

 

 

W S Central

0

-4

0

17

1

10

NA

NA

 

 

Mountain

0

-1

0

0

-1

0

NA

NA

 

 

Pacific

0

0

0

0

-2

0

NA

NA

 

 

United States

2

0

1

9

-1

2

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/04/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

277

-4

-15

3,289

-579

-182

NA

NA

 

 

Middle Atlantic

255

-6

-22

3,037

-461

-11

NA

NA

 

 

E N Central

323

34

17

3,574

-364

103

NA

NA

 

 

W N Central

369

68

49

4,067

-188

339

NA

NA

 

 

South Atlantic

114

-27

-30

1,625

-181

90

NA

NA

 

 

E S Central

174

-3

0

2,098

-232

120

NA

NA

 

 

W S Central

173

49

39

1,477

-91

308

NA

NA

 

 

Mountain

247

44

11

3,268

55

486

NA

NA

 

 

Pacific

145

26

13

1,945

61

187

NA

NA

 

 

United States

217

16

4

2,559

-211

149

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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