Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-08-2023

Feb 8, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:37 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.524

$2.584

-2.32%

-$0.060

49,519

 

 

WTI

$77.69

$77.14

0.71%

$0.55

164,039

 

 

Brent

$84.11

$83.69

0.50%

$0.42

13,210

 

 

ULSD

$2.911

$2.904

0.23%

$0.007

14,659

 

 

RBOB

$2.458

$2.457

0.03%

$0.001

9,945

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.16

$6.30

-2.22%

-$0.14

Apr-23

 

 

3:2:1 Crack

$36.05

$36.29

-0.66%

-$0.24

Mar-23

 

 

PJM West Spark

$33.65

$32.75

2.75%

$0.90

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

2/7/23

2/6/23

% Change

Change

1/9/23

% Change

2/7/22

% Change

 

 

PJM West On Peak

Mar-23

$39.05

$38.28

2.01%

$0.77

$52.84

-26.09%

$54.93

-28.91%

 

 

ERCOT North On Peak

Mar-23

$31.30

$32.07

-2.40%

-$0.77

$42.44

-26.24%

$48.22

-35.08%

 

 

CAISO SP 15 On Peak

Mar-23

$37.90

$40.36

-6.09%

-$2.46

$80.01

-52.63%

$47.50

-20.22%

 

 

MISO Indiana On Peak

Mar-23

$38.63

$37.87

2.01%

$0.76

$50.69

-23.80%

$52.41

-26.31%

 

 

NEISO Mass On Peak

Mar-23

$58.89

$56.98

3.36%

$1.91

$89.86

-34.46%

$85.97

-31.49%

 

 

WECC Mid C On Peak

Mar-23

$56.35

$56.11

0.43%

$0.24

$90.85

-37.97%

$45.20

24.68%

 

 

NYISO Zone G On Peak

Mar-23

$46.82

$45.31

3.32%

$1.51

$64.34

-27.23%

$71.03

-34.09%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/7/23

2/6/23

% Change

Change

1/9/23

% Change

2/7/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.584

$2.457

5.17%

$0.13

$3.56

-27.48%

$4.18

-38.24%

 

 

Houston Ship Channel

Mar-23

-$0.399

-$0.378

5.69%

-$0.02

-$0.56

-28.86%

-$0.13

203.73%

 

 

Chicago

Mar-23

$0.090

$0.094

5.12%

$0.00

-$0.07

-230.14%

$0.06

45.54%

 

 

Waha

Mar-23

-$1.375

-$1.346

-2.18%

-$0.03

-$2.47

-44.43%

-$1.14

20.35%

 

 

Algonquin

Mar-23

$2.711

$2.549

6.37%

$0.16

$6.08

-55.39%

$4.33

-37.41%

 

 

Aeco

Mar-23

-$0.282

-$0.250

12.67%

-$0.03

-$0.59

-52.12%

-$0.97

-70.91%

 

 

Socal

Mar-23

$0.811

$0.883

-8.17%

-$0.07

$3.82

-78.75%

$0.14

487.46%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/7/23

2/6/23

% Change

Change

1/9/23

% Change

2/7/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.822

$0.805

2.17%

$0.02

$0.78

5.49%

$1.02

-19.67%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.825

$0.804

2.65%

$0.02

$0.77

7.25%

$1.01

-18.20%

 

 

Mt. Belview Ethane

Mar-23

$0.268

$0.259

3.37%

$0.01

$0.27

-0.67%

$0.35

-23.06%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.606

$1.557

3.12%

$0.05

$1.51

6.21%

$1.76

-8.96%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.038

$1.020

1.76%

$0.02

$0.97

7.50%

$1.20

-13.27%

 

 

Conway Propane

Mar-23

$0.773

$0.757

1.99%

$0.02

$0.76

2.32%

$1.00

-23.07%

 

 

Conway Nat. Gasoline

Mar-23

$1.655

$1.568

5.52%

$0.09

$1.54

7.55%

$1.78

-7.19%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/7/23

2/6/23

% Change

Change

1/9/23

% Change

2/7/22

% Change

 

 

WTI

Apr-23

$77.39

$74.47

3.77%

$2.92

$75.17

2.95%

$78.14

-0.96%

 

 

Brent

Apr-23

$83.69

$80.99

3.23%

$2.70

$79.89

4.76%

$82.01

2.05%

 

 

WCS

Apr-23

-$19.47

-$22.13

-13.65%

$2.66

-$24.50

-20.53%

-$13.36

45.79%

 

 

LLS

Apr-23

$79.54

$77.84

2.14%

$1.71

$76.90

3.44%

$79.22

0.40%

 

 

Mars

Apr-23

$75.40

$72.89

3.33%

$2.51

$70.43

7.05%

$75.37

0.04%

 

 

Sour

Apr-23

$74.81

$72.27

3.39%

$2.54

$70.43

6.23%

$76.16

-1.78%

 

 

ESPO

Apr-23

$80.92

$78.28

3.26%

$2.64

$78.12

3.59%

$79.86

1.33%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/7/23

2/6/23

% Change

Change

1/9/23

% Change

2/7/22

% Change

 

 

NY Heating Oil

Mar-23

$2.91

$2.77

5.24%

$0.15

$2.95

-1.29%

$2.52

15.73%

 

 

NY Gasoline

Mar-23

$2.46

$2.38

3.44%

$0.08

$2.34

5.39%

$2.29

7.83%

 

 

GC Gasoline

Mar-23

$2.36

$2.28

3.59%

$0.08

$2.24

5.63%

$2.18

8.19%

 

 

GC Jet

Mar-23

$2.76

$2.53

9.12%

$0.23

$2.60

6.31%

$2.29

20.54%

 

 

Chicago Ethanol

Mar-23

$2.20

$2.20

-0.32%

-$0.01

$2.14

2.71%

$1.82

20.97%

 

 

Rotterdam Gasoil

Mar-23

$777.63

$741.80

4.83%

$35.83

$781.81

-0.53%

$659.08

17.99%

 

 

Singapore Jet Kero

Mar-23

$104.11

$99.51

4.63%

$4.61

$107.01

-2.71%

$93.01

11.94%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/7/23

2/6/23

% Change

Change

1/9/23

% Change

2/7/22

% Change

 

 

Henry Hub Straddle

Mar-23

86.10%

95.66%

-9.99%

-9.56%

89.53%

-3.83%

63.72%

35.12%

 

 

Algonquin Straddle

Mar-23

130.31%

146.77%

-11.21%

-16.46%

119.79%

8.78%

81.66%

59.58%

 

 

Waha Straddle

Mar-23

234.94%

271.67%

-13.52%

-36.73%

304.19%

-22.77%

75.33%

211.88%

 

 

Chicago Straddle

Mar-23

100.35%

114.17%

-12.10%

-13.82%

100.72%

-0.37%

65.98%

52.09%

 

 

PJM West Straddle

Mar-23

103.69%

104.90%

-1.15%

-1.21%

95.66%

8.39%

52.55%

97.32%

 

 

SP – 15 Straddle

Mar-23

53.47%

100.35%

-46.72%

-46.88%

129.28%

-58.64%

26.73%

100.04%

 

 

Mid. C Straddle

Mar-23

121.22%

118.76%

2.07%

2.46%

134.69%

-10.00%

39.03%

210.58%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/7/23

2/6/23

% Change

Change

1/9/23

% Change

2/7/22

% Change

 

 

Dutch TTF

Mar-23

EUR 54.50

EUR 57.37

-4.99%

-EUR 2.87

EUR 76.00

-28.28%

EUR 74.50

-26.85%

 

 

NBP

Mar-23

GBP 138.00

GBP 145.50

-5.15%

-GBP 7.50

GBP 189.96

-27.35%

GBP 195.86

-29.54%

 

 

German Base

Mar-23

EUR 128.91

EUR 135.04

-4.53%

-EUR 6.12

EUR 172.67

-25.34%

EUR 188.38

-31.57%

 

 

UK Base

Mar-23

GBP 142.71

GBP 150.84

-5.39%

-GBP 8.13

GBP 169.93

-16.02%

GBP 191.97

-25.66%

 

 

French Base

Mar-23

EUR 144.10

EUR 151.68

-4.99%

-EUR 7.58

EUR 192.91

-25.30%

EUR 237.08

-39.22%

 

 

Italian Base

Mar-23

EUR 162.21

EUR 167.40

-3.10%

-EUR 5.19

EUR 217.13

-25.29%

EUR 202.76

-20.00%

 

 

JKM LNG

Mar-23

$18.11

$17.86

1.44%

$0.26

$23.22

-21.99%

$26.72

-32.19%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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