Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-10-2023

Feb 10, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:45 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.456

$2.430

1.07%

$0.026

28,323

 

 

WTI

$78.89

$78.06

1.06%

$0.83

160,218

 

 

Brent

$85.60

$84.50

1.30%

$1.10

16,104

 

 

ULSD

$2.883

$2.815

2.40%

$0.068

8,209

 

 

RBOB

$2.469

$2.448

0.87%

$0.021

8,150

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.56

$6.23

5.30%

$0.33

Apr-23

 

 

3:2:1 Crack

$35.46

$34.68

2.26%

$0.78

Mar-23

 

 

PJM West Spark

$32.23

$31.31

2.95%

$0.92

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

 

 

 

 

02/09/18

 

 

 

2/3/23

1/27/23

Net Change

% Change

2/4/22

% Change

5 Year Avg.

% Change

 

 

East

529

578

-49

-8.48%

485

9.07%

492

7.56%

 

 

Midwest

641

708

-67

-9.46%

552

16.12%

574

11.59%

 

 

Mountain

120

132

-12

-9.09%

121

-0.83%

123

-2.28%

 

 

Pacific

124

140

-16

-11.43%

181

-31.49%

202

-38.49%

 

 

South

951

1,025

-74

-7.22%

763

24.64%

785

21.12%

 

 

    Salt

271

297

-26

-8.75%

207

30.92%

233

16.51%

 

 

    Non_Salt

680

728

-48

-6.59%

556

22.30%

553

23.05%

 

 

Total

2,366

2,583

-217

-8.40%

2,101

12.61%

2,176

8.74%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

2/9/23

2/8/23

% Change

Change

1/11/23

% Change

2/9/22

% Change

 

 

PJM West On Peak

Mar-23

$37.49

$36.51

2.68%

$0.98

$51.04

-26.55%

$54.05

-30.64%

 

 

ERCOT North On Peak

Mar-23

$33.04

$30.85

7.09%

$2.19

$39.51

-16.39%

$47.53

-30.49%

 

 

CAISO SP 15 On Peak

Mar-23

$40.93

$38.21

7.12%

$2.72

$73.69

-44.46%

$48.71

-15.98%

 

 

MISO Indiana On Peak

Mar-23

$37.43

$35.90

4.27%

$1.53

$49.00

-23.61%

$51.55

-27.38%

 

 

NEISO Mass On Peak

Mar-23

$54.17

$54.87

-1.27%

-$0.69

$79.33

-31.71%

$83.18

-34.87%

 

 

WECC Mid C On Peak

Mar-23

$58.41

$55.16

5.88%

$3.24

$82.95

-29.59%

$46.24

26.30%

 

 

NYISO Zone G On Peak

Mar-23

$43.34

$43.81

-1.07%

-$0.47

$57.50

-24.63%

$70.40

-38.43%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/9/23

2/8/23

% Change

Change

1/11/23

% Change

2/9/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.430

$2.396

1.42%

$0.03

$3.35

-27.38%

$4.05

-39.96%

 

 

Houston Ship Channel

Mar-23

-$0.327

-$0.364

-10.06%

$0.04

-$0.39

-15.96%

-$0.13

143.02%

 

 

Chicago

Mar-23

$0.106

$0.074

-30.80%

$0.03

-$0.09

-224.42%

$0.04

196.66%

 

 

Waha

Mar-23

-$1.128

-$1.059

-6.50%

-$0.07

-$2.13

-47.07%

-$1.20

-6.32%

 

 

Algonquin

Mar-23

$2.513

$2.750

-8.63%

-$0.24

$5.02

-49.90%

$4.63

-45.70%

 

 

Aeco

Mar-23

-$0.304

-$0.383

-20.63%

$0.08

-$0.49

-38.43%

-$1.04

-70.78%

 

 

Socal

Mar-23

$0.725

$0.555

30.70%

$0.17

$3.79

-80.85%

$0.17

337.86%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/9/23

2/8/23

% Change

Change

1/11/23

% Change

2/9/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.865

$0.852

1.46%

$0.01

$0.80

7.79%

$1.02

-15.04%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.860

$0.850

1.17%

$0.01

$0.81

6.53%

$1.03

-16.48%

 

 

Mt. Belview Ethane

Mar-23

$0.256

$0.257

-0.48%

$0.00

$0.26

-0.97%

$0.34

-24.75%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.689

$1.632

3.47%

$0.06

$1.59

5.99%

$1.75

-3.23%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.139

$1.083

5.21%

$0.06

$1.01

12.78%

$1.20

-5.04%

 

 

Conway Propane

Mar-23

$0.812

$0.800

1.56%

$0.01

$0.79

3.17%

$1.03

-21.40%

 

 

Conway Nat. Gasoline

Mar-23

$1.742

$1.669

4.35%

$0.07

$1.58

10.40%

$1.75

-0.22%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/9/23

2/8/23

% Change

Change

1/11/23

% Change

2/9/22

% Change

 

 

WTI

Apr-23

$78.27

$78.69

-0.54%

-$0.42

$77.90

0.47%

$78.00

0.35%

 

 

Brent

Apr-23

$84.50

$85.09

-0.70%

-$0.59

$82.86

1.98%

$81.80

3.30%

 

 

WCS

Apr-23

-$18.22

-$19.73

-8.29%

$1.51

-$22.97

-20.68%

-$12.49

45.91%

 

 

LLS

Apr-23

$81.32

$81.65

-0.40%

-$0.33

$79.78

1.93%

$79.32

2.53%

 

 

Mars

Apr-23

$75.45

$77.36

-2.54%

-$1.91

$74.09

1.83%

$75.28

0.22%

 

 

Sour

Apr-23

$75.97

$76.20

-0.30%

-$0.23

$73.60

3.22%

$76.35

-0.50%

 

 

ESPO

Apr-23

$81.01

$82.57

-1.93%

-$1.56

$80.59

0.52%

$77.71

4.25%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/9/23

2/8/23

% Change

Change

1/11/23

% Change

2/9/22

% Change

 

 

NY Heating Oil

Mar-23

$2.81

$2.89

-2.73%

-$0.08

$3.16

-10.95%

$2.49

12.84%

 

 

NY Gasoline

Mar-23

$2.45

$2.46

-0.69%

-$0.02

$2.44

0.45%

$2.24

9.00%

 

 

GC Gasoline

Mar-23

$2.35

$2.36

-0.72%

-$0.02

$2.34

0.47%

$2.14

9.42%

 

 

GC Jet

Mar-23

$2.55

$2.67

-4.24%

-$0.11

$2.77

-7.66%

$2.29

11.58%

 

 

Chicago Ethanol

Mar-23

$2.17

$2.20

-1.36%

-$0.03

$2.09

4.12%

$1.94

12.17%

 

 

Rotterdam Gasoil

Mar-23

$768.74

$784.54

-2.01%

-$15.80

$808.00

-4.86%

$675.85

13.75%

 

 

Singapore Jet Kero

Mar-23

$105.90

$107.19

-1.20%

-$1.29

$105.28

0.59%

$93.10

13.75%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/9/23

2/8/23

% Change

Change

1/11/23

% Change

2/9/22

% Change

 

 

Henry Hub Straddle

Mar-23

97.34%

99.83%

-2.49%

-2.49%

96.47%

0.90%

59.86%

62.61%

 

 

Algonquin Straddle

Mar-23

129.15%

136.11%

-5.11%

-6.96%

129.99%

-0.65%

79.71%

62.02%

 

 

Waha Straddle

Mar-23

261.72%

244.05%

7.24%

17.67%

303.45%

-13.75%

74.35%

252.01%

 

 

Chicago Straddle

Mar-23

112.93%

111.71%

1.09%

1.22%

106.94%

5.60%

63.00%

79.25%

 

 

PJM West Straddle

Mar-23

120.41%

107.60%

11.91%

12.81%

96.29%

25.05%

51.55%

133.58%

 

 

SP – 15 Straddle

Mar-23

55.61%

53.60%

3.75%

2.01%

165.18%

-66.33%

23.30%

138.67%

 

 

Mid. C Straddle

Mar-23

138.79%

133.18%

4.21%

5.61%

131.13%

5.84%

30.06%

361.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/9/23

2/8/23

% Change

Change

1/11/23

% Change

2/9/22

% Change

 

 

Dutch TTF

Mar-23

EUR 53.00

EUR 54.30

-2.39%

-EUR 1.30

EUR 66.00

-19.70%

EUR 71.20

-25.56%

 

 

NBP

Mar-23

GBP 133.00

GBP 136.25

-2.39%

-GBP 3.25

GBP 165.25

-19.52%

GBP 186.30

-28.61%

 

 

German Base

Mar-23

EUR 131.95

EUR 130.75

0.92%

EUR 1.20

EUR 162.58

-18.84%

EUR 184.85

-28.62%

 

 

UK Base

Mar-23

GBP 139.28

GBP 140.49

-0.86%

-GBP 1.21

GBP 159.15

-12.48%

GBP 187.07

-25.55%

 

 

French Base

Mar-23

EUR 146.40

EUR 147.13

-0.49%

-EUR 0.73

EUR 182.13

-19.62%

EUR 245.29

-40.31%

 

 

Italian Base

Mar-23

EUR 154.45

EUR 156.37

-1.23%

-EUR 1.92

EUR 182.37

-15.31%

EUR 199.20

-22.47%

 

 

JKM LNG

Mar-23

$18.48

$18.15

1.84%

$0.33

$19.59

-5.65%

$25.31

-26.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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