Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-13-2023

Feb 13, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:24 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.440

$2.514

-2.94%

-$0.074

40,617

 

 

WTI

$79.17

$79.72

-0.69%

-$0.55

87,472

 

 

Brent

$85.77

$86.39

-0.72%

-$0.62

5,747

 

 

ULSD

$2.873

$2.865

0.28%

$0.008

4,991

 

 

RBOB

$2.484

$2.504

-0.79%

-$0.020

5,891

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.37

$6.47

-1.55%

-$0.10

Apr-23

 

 

3:2:1 Crack

$35.50

$35.45

0.12%

$0.04

Mar-23

 

 

PJM West Spark

$33.40

$32.11

4.03%

$1.29

Mar-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/10/23

761

2

126

02/11/22

 

 

Canada

02/10/23

250

1

31

02/11/22

 

 

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

2/10/23

2/9/23

% Change

Change

1/12/23

% Change

2/10/22

% Change

 

 

PJM West On Peak

Mar-23

$38.62

$37.49

3.03%

$1.14

$52.62

-26.60%

$53.71

-28.09%

 

 

ERCOT North On Peak

Mar-23

$34.39

$33.04

4.09%

$1.35

$44.02

-21.87%

$45.91

-25.09%

 

 

CAISO SP 15 On Peak

Mar-23

$44.50

$40.93

8.71%

$3.57

$81.34

-45.30%

$49.43

-9.98%

 

 

MISO Indiana On Peak

Mar-23

$38.44

$37.43

2.70%

$1.01

$50.56

-23.97%

$51.39

-25.20%

 

 

NEISO Mass On Peak

Mar-23

$55.02

$54.17

1.57%

$0.85

$89.30

-38.38%

$85.36

-35.54%

 

 

WECC Mid C On Peak

Mar-23

$62.64

$58.41

7.25%

$4.24

$84.66

-26.01%

$44.25

41.57%

 

 

NYISO Zone G On Peak

Mar-23

$45.69

$43.34

5.42%

$2.35

$66.10

-30.87%

$69.93

-34.67%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/10/23

2/9/23

% Change

Change

1/12/23

% Change

2/10/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.514

$2.430

3.46%

$0.08

$3.36

-25.07%

$4.02

-37.51%

 

 

Houston Ship Channel

Mar-23

-$0.347

-$0.327

5.96%

-$0.02

-$0.31

10.98%

-$0.14

152.44%

 

 

Chicago

Mar-23

$0.109

$0.106

-1.93%

$0.00

-$0.05

-312.52%

$0.02

378.41%

 

 

Waha

Mar-23

-$1.122

-$1.128

-0.51%

$0.01

-$1.87

-39.82%

-$1.21

-7.10%

 

 

Algonquin

Mar-23

$2.473

$2.513

-1.60%

-$0.04

$5.02

-50.73%

$4.51

-45.17%

 

 

Aeco

Mar-23

-$0.339

-$0.304

11.34%

-$0.03

-$0.45

-24.96%

-$1.06

-68.16%

 

 

Socal

Mar-23

$0.975

$0.725

34.48%

$0.25

$4.27

-77.19%

$0.14

599.00%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/10/23

2/9/23

% Change

Change

1/12/23

% Change

2/10/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.863

$0.865

-0.27%

$0.00

$0.83

4.26%

$1.02

-15.45%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.868

$0.860

0.88%

$0.01

$0.82

5.50%

$1.02

-14.87%

 

 

Mt. Belview Ethane

Mar-23

$0.254

$0.256

-1.00%

$0.00

$0.27

-4.31%

$0.32

-21.87%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.668

$1.689

-1.23%

-$0.02

$1.71

-2.35%

$1.74

-4.20%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.130

$1.139

-0.83%

-$0.01

$1.01

12.06%

$1.19

-4.87%

 

 

Conway Propane

Mar-23

$0.817

$0.812

0.62%

$0.01

$0.81

1.25%

$1.05

-22.10%

 

 

Conway Nat. Gasoline

Mar-23

$1.707

$1.742

-1.97%

-$0.03

$1.69

1.10%

$1.73

-1.21%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/10/23

2/9/23

% Change

Change

1/12/23

% Change

2/10/22

% Change

 

 

WTI

Apr-23

$79.92

$78.27

2.06%

$1.65

$78.88

1.32%

$77.98

2.49%

 

 

Brent

Apr-23

$86.39

$84.50

2.19%

$1.89

$84.19

2.61%

$81.76

5.66%

 

 

WCS

Apr-23

-$18.11

-$18.22

-0.61%

$0.11

-$23.46

-22.81%

-$14.10

28.46%

 

 

LLS

Apr-23

$83.01

$81.32

2.03%

$1.68

$80.93

2.57%

$79.05

5.00%

 

 

Mars

Apr-23

$78.81

$75.45

4.26%

$3.36

$74.74

5.43%

$75.76

4.03%

 

 

Sour

Apr-23

$77.65

$75.97

2.16%

$1.68

$74.22

4.62%

$76.64

1.31%

 

 

ESPO

Apr-23

$84.54

$81.01

4.17%

$3.53

$81.17

4.14%

$80.25

5.34%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/10/23

2/9/23

% Change

Change

1/12/23

% Change

2/10/22

% Change

 

 

NY Heating Oil

Mar-23

$2.87

$2.81

1.92%

$0.05

$3.11

-7.87%

$2.53

13.36%

 

 

NY Gasoline

Mar-23

$2.50

$2.45

2.33%

$0.06

$2.60

-3.69%

$2.30

8.96%

 

 

GC Gasoline

Mar-23

$2.40

$2.35

2.43%

$0.06

$2.50

-3.84%

$2.20

9.37%

 

 

GC Jet

Mar-23

$2.61

$2.55

2.27%

$0.06

$2.76

-5.29%

$2.31

12.98%

 

 

Chicago Ethanol

Mar-23

$2.20

$2.17

1.38%

$0.03

$2.13

3.76%

$2.04

8.09%

 

 

Rotterdam Gasoil

Mar-23

$785.10

$768.74

2.13%

$16.36

$821.86

-4.47%

$694.78

13.00%

 

 

Singapore Jet Kero

Mar-23

$104.14

$105.90

-1.66%

-$1.76

$109.99

-5.31%

$94.46

10.25%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/10/23

2/9/23

% Change

Change

1/12/23

% Change

2/10/22

% Change

 

 

Henry Hub Straddle

Mar-23

96.85%

97.34%

-0.50%

-0.49%

100.27%

-3.41%

57.74%

67.73%

 

 

Algonquin Straddle

Mar-23

124.01%

129.15%

-3.98%

-5.14%

132.67%

-6.53%

80.71%

53.65%

 

 

Waha Straddle

Mar-23

230.61%

261.72%

-11.89%

-31.11%

312.03%

-26.09%

72.74%

217.03%

 

 

Chicago Straddle

Mar-23

108.18%

112.93%

-4.21%

-4.75%

110.26%

-1.89%

60.81%

77.90%

 

 

PJM West Straddle

Mar-23

106.70%

120.41%

-11.39%

-13.71%

94.65%

12.73%

51.52%

107.10%

 

 

SP – 15 Straddle

Mar-23

55.05%

55.61%

-1.01%

-0.56%

140.36%

-60.78%

27.80%

98.02%

 

 

Mid. C Straddle

Mar-23

146.64%

138.79%

5.66%

7.85%

135.09%

8.55%

40.91%

258.45%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/10/23

2/9/23

% Change

Change

1/12/23

% Change

2/10/22

% Change

 

 

Dutch TTF

Mar-23

EUR 54.45

EUR 53.00

2.74%

EUR 1.45

EUR 68.75

-20.80%

EUR 69.49

-21.64%

 

 

NBP

Mar-23

GBP 135.10

GBP 133.00

1.58%

GBP 2.10

GBP 172.07

-21.49%

GBP 181.77

-25.68%

 

 

German Base

Mar-23

EUR 134.02

EUR 131.95

1.57%

EUR 2.07

EUR 158.75

-15.58%

EUR 179.16

-25.19%

 

 

UK Base

Mar-23

GBP 140.65

GBP 139.28

0.99%

GBP 1.38

GBP 164.29

-14.39%

GBP 184.06

-23.58%

 

 

French Base

Mar-23

EUR 149.61

EUR 146.40

2.19%

EUR 3.21

EUR 178.65

-16.26%

EUR 239.86

-37.63%

 

 

Italian Base

Mar-23

EUR 159.20

EUR 154.45

3.08%

EUR 4.75

EUR 191.22

-16.74%

EUR 197.51

-19.40%

 

 

JKM LNG

Mar-23

$17.62

$18.48

-4.66%

-$0.86

$20.86

-15.53%

$25.45

-30.76%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

02/11/2023

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

10

3

7

46

1

15

NA

NA

 

 

E S Central

0

0

0

2

-6

-2

NA

NA

 

 

W S Central

1

-3

1

18

-2

11

NA

NA

 

 

Mountain

0

-1

0

0

-2

0

NA

NA

 

 

Pacific

0

0

0

0

-2

0

NA

NA

 

 

United States

2

1

1

11

0

4

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/11/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

226

-50

-29

3,514

-630

-211

NA

NA

 

 

Middle Atlantic

197

-59

-45

3,234

-520

-55

NA

NA

 

 

E N Central

210

-69

-60

3,784

-434

43

NA

NA

 

 

W N Central

232

-54

-20

4,299

-243

319

NA

NA

 

 

South Atlantic

85

-51

-48

1,711

-231

42

NA

NA

 

 

E S Central

110

-58

-64

2,208

-290

56

NA

NA

 

 

W S Central

94

-21

-34

1,571

-112

274

NA

NA

 

 

Mountain

206

12

27

3,474

66

513

NA

NA

 

 

Pacific

117

3

46

2,062

63

233

NA

NA

 

 

United States

154

-39

-27

2,713

-250

122

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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