Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-14-2023

Feb 14, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:20 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.548

$2.405

5.95%

$0.143

30,313

 

 

WTI

$78.63

$80.14

-1.88%

-$1.51

95,703

 

 

Brent

$85.29

$86.61

-1.52%

-$1.32

7,919

 

 

ULSD

$2.900

$2.906

-0.18%

-$0.005

4,826

 

 

RBOB

$2.484

$2.531

-1.87%

-$0.047

4,503

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.43

$6.28

2.39%

$0.15

Apr-23

 

 

3:2:1 Crack

$36.48

$36.28

0.55%

$0.20

Mar-23

 

 

PJM West Spark

$31.23

$33.48

-6.72%

-$2.25

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

2/13/23

2/10/23

% Change

Change

1/13/23

% Change

2/11/22

% Change

 

 

PJM West On Peak

Mar-23

$36.69

$38.62

-5.00%

-$1.93

$46.60

-21.27%

$55.57

-33.97%

 

 

ERCOT North On Peak

Mar-23

$32.03

$34.39

-6.85%

-$2.36

$45.59

-29.75%

$45.99

-30.35%

 

 

CAISO SP 15 On Peak

Mar-23

$43.11

$44.50

-3.12%

-$1.39

$83.10

-48.13%

$47.97

-10.13%

 

 

MISO Indiana On Peak

Mar-23

$36.60

$38.44

-4.79%

-$1.84

$44.93

-18.54%

$53.20

-31.20%

 

 

NEISO Mass On Peak

Mar-23

$56.24

$55.02

2.21%

$1.22

$76.84

-26.81%

$88.18

-36.22%

 

 

WECC Mid C On Peak

Mar-23

$61.13

$62.64

-2.41%

-$1.51

$85.35

-28.38%

$45.39

34.67%

 

 

NYISO Zone G On Peak

Mar-23

$46.34

$45.69

1.42%

$0.65

$57.33

-19.16%

$72.31

-35.92%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/13/23

2/10/23

% Change

Change

1/13/23

% Change

2/11/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.405

$2.514

-4.34%

-$0.11

$3.20

-24.75%

$4.02

-40.17%

 

 

Houston Ship Channel

Mar-23

-$0.268

-$0.347

-22.71%

$0.08

-$0.31

-12.45%

-$0.16

64.96%

 

 

Chicago

Mar-23

$0.110

$0.109

-1.27%

$0.00

-$0.06

-275.72%

-$0.01

-1547.37%

 

 

Waha

Mar-23

-$0.985

-$1.122

-12.22%

$0.14

-$1.80

-45.29%

-$1.34

-26.35%

 

 

Algonquin

Mar-23

$2.552

$2.473

3.20%

$0.08

$4.75

-46.31%

$4.61

-44.59%

 

 

Aeco

Mar-23

-$0.340

-$0.339

0.24%

$0.00

-$0.42

-19.92%

-$1.10

-69.07%

 

 

Socal

Mar-23

$1.174

$0.975

20.43%

$0.20

$1.27

-7.36%

$0.09

1237.47%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/13/23

2/10/23

% Change

Change

1/13/23

% Change

2/11/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.835

$0.863

-3.16%

-$0.03

$0.82

1.24%

$1.01

-17.63%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.840

$0.868

-3.15%

-$0.03

$0.83

1.09%

$1.01

-17.09%

 

 

Mt. Belview Ethane

Mar-23

$0.250

$0.254

-1.46%

$0.00

$0.24

3.64%

$0.32

-21.92%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.646

$1.668

-1.34%

-$0.02

$1.69

-2.56%

$1.75

-5.76%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.087

$1.130

-3.76%

-$0.04

$1.00

9.23%

$1.18

-8.07%

 

 

Conway Propane

Mar-23

$0.793

$0.817

-3.03%

-$0.02

$0.80

-1.53%

$1.04

-23.64%

 

 

Conway Nat. Gasoline

Mar-23

$1.691

$1.707

-0.97%

-$0.02

$1.71

-1.07%

$1.74

-2.75%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/13/23

2/10/23

% Change

Change

1/13/23

% Change

2/11/22

% Change

 

 

WTI

Apr-23

$80.33

$79.92

0.51%

$0.41

$80.30

0.04%

$79.24

1.38%

 

 

Brent

Apr-23

$86.61

$86.39

0.25%

$0.22

$85.55

1.24%

$83.04

4.30%

 

 

WCS

Apr-23

-$18.47

-$18.11

1.94%

-$0.36

-$22.33

-17.28%

-$13.67

35.10%

 

 

LLS

Apr-23

$83.77

$83.01

0.91%

$0.76

$81.35

2.98%

$80.81

3.66%

 

 

Mars

Apr-23

$77.71

$78.81

-1.40%

-$1.09

$75.87

2.43%

$76.23

1.95%

 

 

Sour

Apr-23

$78.34

$77.65

0.88%

$0.69

$76.06

3.00%

$78.34

-0.01%

 

 

ESPO

Apr-23

$83.63

$84.54

-1.08%

-$0.90

$82.31

1.61%

$83.60

0.04%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/13/23

2/10/23

% Change

Change

1/13/23

% Change

2/11/22

% Change

 

 

NY Heating Oil

Mar-23

$2.89

$2.87

0.80%

$0.02

$3.17

-8.98%

$2.54

13.96%

 

 

NY Gasoline

Mar-23

$2.52

$2.50

0.68%

$0.02

$2.47

2.23%

$2.33

8.24%

 

 

GC Gasoline

Mar-23

$2.42

$2.40

0.71%

$0.02

$2.37

2.32%

$2.23

8.61%

 

 

GC Jet

Mar-23

$2.59

$2.61

-0.80%

-$0.02

$3.16

-18.08%

$2.33

11.11%

 

 

Chicago Ethanol

Mar-23

$2.20

$2.20

-0.23%

$0.00

$2.18

0.92%

$1.96

12.24%

 

 

Rotterdam Gasoil

Mar-23

$798.02

$785.10

1.65%

$12.92

$835.57

-4.49%

$675.55

18.13%

 

 

Singapore Jet Kero

Mar-23

$104.59

$104.14

0.42%

$0.44

$110.78

-5.59%

$93.48

11.88%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/13/23

2/10/23

% Change

Change

1/13/23

% Change

2/11/22

% Change

 

 

Henry Hub Straddle

Apr-23

95.59%

89.47%

6.84%

6.12%

98.40%

-2.86%

36.69%

160.53%

 

 

Algonquin Straddle

Apr-23

93.21%

88.45%

5.38%

4.76%

76.57%

21.73%

30.56%

205.01%

 

 

Waha Straddle

Apr-23

324.45%

412.92%

-21.43%

-88.47%

509.76%

-36.35%

66.55%

387.53%

 

 

Chicago Straddle

Apr-23

97.17%

93.34%

4.10%

3.83%

99.66%

-2.50%

35.86%

170.97%

 

 

PJM West Straddle

Apr-23

75.28%

73.00%

3.12%

2.28%

67.39%

11.71%

41.10%

83.16%

 

 

SP – 15 Straddle

Apr-23

82.70%

82.94%

-0.29%

-0.24%

127.76%

-35.27%

22.03%

275.40%

 

 

Mid. C Straddle

Apr-23

138.67%

134.63%

3.00%

4.04%

126.73%

9.42%

34.37%

303.46%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/13/23

2/10/23

% Change

Change

1/13/23

% Change

2/11/22

% Change

 

 

Dutch TTF

Apr-23

EUR 51.90

EUR 54.95

-5.55%

-EUR 3.05

EUR 64.43

-19.44%

EUR 50.21

3.37%

 

 

NBP

Apr-23

GBP 129.50

GBP 136.75

-5.30%

-GBP 7.25

GBP 162.72

-20.42%

GBP 127.00

1.97%

 

 

German Base

Apr-23

EUR 127.27

EUR 130.54

-2.50%

-EUR 3.26

EUR 149.69

-14.98%

EUR 122.07

4.27%

 

 

UK Base

Apr-23

GBP 132.53

GBP 143.41

-7.59%

-GBP 10.88

GBP 163.64

-19.01%

GBP 109.02

21.56%

 

 

French Base

Apr-23

EUR 143.65

EUR 147.18

-2.40%

-EUR 3.53

EUR 160.38

-10.43%

EUR 114.91

25.01%

 

 

Italian Base

Apr-23

EUR 147.22

EUR 155.99

-5.62%

-EUR 8.77

EUR 176.39

-16.54%

EUR 131.94

11.58%

 

 

JKM LNG

Apr-23

$17.53

$17.62

-0.53%

-$0.09

$20.30

-13.66%

$24.28

-27.81%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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