Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-16-2023

Feb 16, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:24 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.485

$2.471

0.57%

$0.014

37,606

 

 

WTI

$78.77

$78.59

0.23%

$0.18

56,158

 

 

Brent

$85.54

$85.38

0.19%

$0.16

10,731

 

 

ULSD

$2.846

$2.844

0.06%

$0.002

5,723

 

 

RBOB

$2.465

$2.498

-1.33%

-$0.033

4,203

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.53

$6.55

-0.31%

-$0.02

Apr-23

 

 

3:2:1 Crack

$35.12

$36.07

-2.65%

-$0.95

Mar-23

 

 

PJM West Spark

$32.31

$34.01

-5.00%

-$1.70

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

2/15/23

2/14/23

% Change

Change

1/18/23

% Change

2/15/22

% Change

 

 

PJM West On Peak

Mar-23

$37.66

$39.30

-4.17%

-$1.64

$49.61

-24.08%

$55.92

-32.65%

 

 

ERCOT North On Peak

Mar-23

$32.00

$33.64

-4.88%

-$1.64

$40.73

-21.44%

$46.16

-30.68%

 

 

CAISO SP 15 On Peak

Mar-23

$47.20

$45.75

3.16%

$1.45

$61.81

-23.65%

$46.50

1.50%

 

 

MISO Indiana On Peak

Mar-23

$37.35

$39.19

-4.70%

-$1.84

$47.87

-21.97%

$53.86

-30.66%

 

 

NEISO Mass On Peak

Mar-23

$59.11

$61.36

-3.67%

-$2.25

$80.02

-26.13%

$83.36

-29.09%

 

 

WECC Mid C On Peak

Mar-23

$65.40

$66.27

-1.32%

-$0.87

$68.32

-4.28%

$45.26

44.48%

 

 

NYISO Zone G On Peak

Mar-23

$48.28

$48.01

0.57%

$0.27

$60.70

-20.45%

$71.98

-32.92%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/15/23

2/14/23

% Change

Change

1/18/23

% Change

2/15/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.471

$2.567

-3.74%

-$0.10

$3.11

-20.57%

$4.20

-41.17%

 

 

Houston Ship Channel

Mar-23

-$0.233

-$0.256

-8.79%

$0.02

-$0.43

-46.15%

-$0.16

43.72%

 

 

Chicago

Mar-23

$0.087

$0.092

6.35%

-$0.01

-$0.07

-219.61%

$0.00

-7316.67%

 

 

Waha

Mar-23

-$0.874

-$1.057

-17.33%

$0.18

-$1.83

-52.18%

-$1.24

-29.43%

 

 

Algonquin

Mar-23

$3.000

$3.197

-6.15%

-$0.20

$5.03

-40.40%

$5.92

-49.31%

 

 

Aeco

Mar-23

-$0.397

-$0.287

38.56%

-$0.11

-$0.46

-13.28%

-$1.03

-61.46%

 

 

Socal

Mar-23

$1.098

$1.321

-16.87%

-$0.22

$1.89

-41.76%

$0.13

763.97%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/15/23

2/14/23

% Change

Change

1/18/23

% Change

2/15/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.820

$0.830

-1.20%

-$0.01

$0.90

-8.83%

$1.01

-18.47%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.838

$0.836

0.15%

$0.00

$0.88

-5.34%

$1.00

-16.16%

 

 

Mt. Belview Ethane

Mar-23

$0.244

$0.241

1.08%

$0.00

$0.26

-5.76%

$0.31

-22.07%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.665

$1.678

-0.81%

-$0.01

$1.72

-3.48%

$1.76

-5.35%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.074

$1.081

-0.67%

-$0.01

$1.05

2.52%

$1.16

-7.36%

 

 

Conway Propane

Mar-23

$0.785

$0.791

-0.79%

-$0.01

$0.87

-9.76%

$1.02

-22.70%

 

 

Conway Nat. Gasoline

Mar-23

$1.699

$1.703

-0.27%

$0.00

$1.76

-3.52%

$1.75

-3.06%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/15/23

2/14/23

% Change

Change

1/18/23

% Change

2/15/22

% Change

 

 

WTI

Apr-23

$78.83

$79.24

-0.52%

-$0.41

$80.03

-1.50%

$77.24

2.06%

 

 

Brent

Apr-23

$85.38

$85.58

-0.23%

-$0.20

$85.25

0.15%

$81.13

5.24%

 

 

WCS

Apr-23

-$17.88

-$18.20

-1.80%

$0.32

-$22.17

-19.36%

-$13.09

36.60%

 

 

LLS

Apr-23

$81.81

$82.12

-0.38%

-$0.31

$84.72

-3.44%

$78.54

4.17%

 

 

Mars

Apr-23

$75.61

$77.41

-2.38%

-$1.80

$76.15

-0.70%

$75.60

0.02%

 

 

Sour

Apr-23

$75.42

$77.32

-2.52%

-$1.90

$75.93

-0.68%

$75.45

-0.04%

 

 

ESPO

Apr-23

$81.47

$83.18

-2.09%

-$1.70

$82.71

-1.50%

$78.68

3.55%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/15/23

2/14/23

% Change

Change

1/18/23

% Change

2/15/22

% Change

 

 

NY Heating Oil

Mar-23

$2.85

$2.92

-2.67%

-$0.08

$3.18

-10.53%

$2.50

13.75%

 

 

NY Gasoline

Mar-23

$2.49

$2.49

0.32%

$0.01

$2.57

-2.88%

$2.29

9.00%

 

 

GC Gasoline

Mar-23

$2.39

$2.39

0.34%

$0.01

$2.47

-3.00%

$2.19

9.41%

 

 

GC Jet

Mar-23

$2.61

$2.70

-3.63%

-$0.10

$2.83

-8.08%

$2.27

14.71%

 

 

Chicago Ethanol

Mar-23

$2.18

$2.17

0.32%

$0.01

$2.19

-0.50%

$1.97

10.73%

 

 

Rotterdam Gasoil

Mar-23

$781.03

$798.01

-2.13%

-$16.98

$860.13

-9.20%

$664.40

17.55%

 

 

Singapore Jet Kero

Mar-23

$103.92

$107.50

-3.34%

-$3.59

$115.41

-9.96%

$93.32

11.35%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/15/23

2/14/23

% Change

Change

1/18/23

% Change

2/15/22

% Change

 

 

Henry Hub Straddle

Apr-23

88.58%

85.39%

3.74%

3.19%

96.61%

-8.31%

37.56%

135.84%

 

 

Algonquin Straddle

Apr-23

80.89%

80.80%

0.11%

0.09%

73.83%

9.56%

34.04%

137.63%

 

 

Waha Straddle

Apr-23

249.63%

285.30%

-12.50%

-35.67%

503.35%

-50.41%

65.34%

282.05%

 

 

Chicago Straddle

Apr-23

89.10%

87.50%

1.83%

1.60%

97.69%

-8.79%

37.87%

135.28%

 

 

PJM West Straddle

Apr-23

73.33%

71.92%

1.96%

1.41%

65.63%

11.73%

41.11%

78.38%

 

 

SP – 15 Straddle

Apr-23

79.11%

110.51%

-28.41%

-31.40%

137.50%

-42.47%

21.91%

261.07%

 

 

Mid. C Straddle

Apr-23

139.02%

135.47%

2.62%

3.55%

125.83%

10.48%

34.17%

306.85%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/15/23

2/14/23

% Change

Change

1/18/23

% Change

2/15/22

% Change

 

 

Dutch TTF

Apr-23

EUR 54.12

EUR 52.90

2.30%

EUR 1.22

EUR 64.04

-15.49%

EUR 47.93

12.91%

 

 

NBP

Apr-23

GBP 134.61

GBP 130.96

2.79%

GBP 3.65

GBP 159.00

-15.34%

GBP 123.97

8.58%

 

 

German Base

Apr-23

EUR 130.75

EUR 127.45

2.59%

EUR 3.30

EUR 146.00

-10.45%

EUR 116.48

12.25%

 

 

UK Base

Apr-23

GBP 140.27

GBP 138.04

1.61%

GBP 2.23

GBP 151.87

-7.63%

GBP 107.72

30.22%

 

 

French Base

Apr-23

EUR 148.71

EUR 144.78

2.71%

EUR 3.92

EUR 152.15

-2.27%

EUR 114.75

29.58%

 

 

Italian Base

Apr-23

EUR 157.37

EUR 156.11

0.80%

EUR 1.25

EUR 174.85

-10.00%

EUR 130.25

20.82%

 

 

JKM LNG

Apr-23

$18.30

$18.02

1.59%

$0.29

$20.22

-9.50%

$25.35

-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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