Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-17-2023

Feb 17, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:14 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.281

$2.389

-4.52%

-$0.108

47,381

 

 

WTI

$75.23

$78.49

-4.15%

-$3.26

32,498

 

 

Brent

$81.98

$85.14

-3.71%

-$3.16

13,445

 

 

ULSD

$2.670

$2.811

-5.02%

-$0.141

6,917

 

 

RBOB

$2.344

$2.436

-3.75%

-$0.091

8,731

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.52

$6.40

1.87%

$0.12

Apr-23

 

 

3:2:1 Crack

$33.55

$34.41

-2.50%

-$0.86

Mar-23

 

 

PJM West Spark

$33.56

$32.55

3.09%

$1.01

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

 

 

 

 

02/16/18

 

 

 

2/10/23

2/3/23

Net Change

% Change

2/11/22

% Change

5 Year Avg.

% Change

 

 

East

498

529

-31

-5.86%

435

14.48%

449

10.91%

 

 

Midwest

601

641

-40

-6.24%

496

21.17%

518

16.11%

 

 

Mountain

114

120

-6

-5.00%

114

0.00%

113

0.71%

 

 

Pacific

122

124

-2

-1.61%

177

-31.07%

192

-36.52%

 

 

South

931

951

-20

-2.10%

689

35.12%

728

27.92%

 

 

    Salt

262

271

-9

-3.32%

173

51.45%

212

23.35%

 

 

    Non_Salt

670

680

-10

-1.47%

516

29.84%

516

29.90%

 

 

Total

2,266

2,366

-100

-4.23%

1,911

18.58%

2,000

13.30%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

2/16/23

2/15/23

% Change

Change

1/19/23

% Change

2/16/22

% Change

 

 

PJM West On Peak

Mar-23

$38.44

$37.66

2.06%

$0.77

$47.91

-19.78%

$58.23

-33.99%

 

 

ERCOT North On Peak

Mar-23

$31.45

$32.00

-1.70%

-$0.54

$37.88

-16.95%

$49.70

-36.71%

 

 

CAISO SP 15 On Peak

Mar-23

$50.94

$47.20

7.92%

$3.74

$58.46

-12.87%

$48.68

4.64%

 

 

MISO Indiana On Peak

Mar-23

$38.50

$37.35

3.08%

$1.15

$46.13

-16.53%

$56.09

-31.36%

 

 

NEISO Mass On Peak

Mar-23

$60.54

$59.11

2.42%

$1.43

$70.96

-14.69%

$89.68

-32.49%

 

 

WECC Mid C On Peak

Mar-23

$71.33

$65.40

9.07%

$5.93

$65.41

9.05%

$45.44

56.97%

 

 

NYISO Zone G On Peak

Mar-23

$48.58

$48.28

0.60%

$0.29

$59.05

-17.74%

$76.37

-36.39%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/16/23

2/15/23

% Change

Change

1/19/23

% Change

2/16/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.389

$2.471

-3.32%

-$0.08

$3.12

-23.53%

$4.39

-45.58%

 

 

Houston Ship Channel

Mar-23

-$0.228

-$0.233

-2.49%

$0.01

-$0.48

-52.96%

-$0.16

40.23%

 

 

Chicago

Mar-23

$0.089

$0.087

-2.81%

$0.00

-$0.05

-271.35%

-$0.01

-697.99%

 

 

Waha

Mar-23

-$0.851

-$0.874

-2.61%

$0.02

-$1.69

-49.73%

-$1.22

-30.44%

 

 

Algonquin

Mar-23

$2.971

$3.000

-0.97%

-$0.03

$4.14

-28.27%

$5.83

-49.03%

 

 

Aeco

Mar-23

-$0.356

-$0.397

-10.30%

$0.04

-$0.39

-9.64%

-$1.01

-64.84%

 

 

Socal

Mar-23

$1.343

$1.098

22.32%

$0.25

$1.99

-32.39%

$0.08

1581.10%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/16/23

2/15/23

% Change

Change

1/19/23

% Change

2/16/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.820

$0.820

-0.01%

$0.00

$0.90

-8.61%

$1.00

-18.12%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.837

$0.838

0.00%

$0.00

$0.91

-8.18%

$1.02

-17.96%

 

 

Mt. Belview Ethane

Mar-23

$0.241

$0.244

-1.07%

$0.00

$0.25

-3.10%

$0.32

-25.55%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.704

$1.665

2.34%

$0.04

$1.71

-0.58%

$1.74

-2.22%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.100

$1.074

2.43%

$0.03

$1.07

2.57%

$1.15

-4.47%

 

 

Conway Propane

Mar-23

$0.827

$0.785

5.41%

$0.04

$0.88

-6.21%

$1.02

-18.94%

 

 

Conway Nat. Gasoline

Mar-23

$1.736

$1.699

2.23%

$0.04

$1.75

-0.72%

$1.74

0.06%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/16/23

2/15/23

% Change

Change

1/19/23

% Change

2/16/22

% Change

 

 

WTI

Apr-23

$78.74

$78.83

-0.11%

-$0.09

$80.85

-2.61%

$78.11

0.81%

 

 

Brent

Apr-23

$85.14

$85.38

-0.28%

-$0.24

$86.31

-1.36%

$82.01

3.82%

 

 

WCS

Apr-23

-$17.75

-$17.88

-0.72%

$0.13

-$22.92

-22.55%

-$14.43

23.03%

 

 

LLS

Apr-23

$81.99

$81.81

0.21%

$0.18

$83.10

-1.34%

$79.00

3.78%

 

 

Mars

Apr-23

$77.34

$75.61

2.23%

$1.72

$77.24

0.13%

$74.87

3.30%

 

 

Sour

Apr-23

$77.10

$75.42

2.18%

$1.68

$77.16

-0.08%

$81.78

-5.72%

 

 

ESPO

Apr-23

$83.13

$81.47

2.00%

$1.66

$84.11

-1.15%

$79.56

4.49%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/16/23

2/15/23

% Change

Change

1/19/23

% Change

2/16/22

% Change

 

 

NY Heating Oil

Mar-23

$2.81

$2.85

-1.23%

-$0.03

$3.28

-14.32%

$2.56

10.02%

 

 

NY Gasoline

Mar-23

$2.44

$2.49

-2.20%

-$0.05

$2.62

-6.73%

$2.33

4.77%

 

 

GC Gasoline

Mar-23

$2.34

$2.39

-2.30%

-$0.06

$2.52

-7.00%

$2.23

4.98%

 

 

GC Jet

Mar-23

$2.49

$2.61

-4.41%

-$0.12

$3.19

-21.87%

$2.26

10.32%

 

 

Chicago Ethanol

Mar-23

$2.19

$2.18

0.60%

$0.01

$2.16

1.30%

$2.09

4.94%

 

 

Rotterdam Gasoil

Mar-23

$774.72

$781.03

-0.81%

-$6.31

$860.94

-10.01%

$677.18

14.40%

 

 

Singapore Jet Kero

Mar-23

$105.14

$103.92

1.17%

$1.22

$117.30

-10.37%

$94.41

11.36%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/16/23

2/15/23

% Change

Change

1/19/23

% Change

2/16/22

% Change

 

 

Henry Hub Straddle

Apr-23

79.19%

88.58%

-10.60%

-9.39%

90.98%

-12.96%

34.53%

129.34%

 

 

Algonquin Straddle

Apr-23

77.40%

80.89%

-4.31%

-3.49%

74.97%

3.24%

29.47%

162.64%

 

 

Waha Straddle

Apr-23

284.77%

249.63%

14.08%

35.14%

486.96%

-41.52%

64.98%

338.24%

 

 

Chicago Straddle

Apr-23

80.58%

89.10%

-9.56%

-8.52%

91.58%

-12.01%

35.45%

127.31%

 

 

PJM West Straddle

Apr-23

73.01%

73.33%

-0.44%

-0.32%

65.87%

10.84%

42.91%

70.15%

 

 

SP – 15 Straddle

Apr-23

102.06%

79.11%

29.01%

22.95%

161.10%

-36.65%

21.92%

365.60%

 

 

Mid. C Straddle

Apr-23

144.19%

139.02%

3.72%

5.17%

124.73%

15.60%

34.77%

314.70%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/16/23

2/15/23

% Change

Change

1/19/23

% Change

2/16/22

% Change

 

 

Dutch TTF

Apr-23

EUR 51.93

EUR 54.12

-4.04%

-EUR 2.19

EUR 63.46

-18.17%

EUR 47.00

10.48%

 

 

NBP

Apr-23

GBP 129.42

GBP 134.61

-3.86%

-GBP 5.19

GBP 157.00

-17.57%

GBP 122.48

5.67%

 

 

German Base

Apr-23

EUR 127.00

EUR 130.75

-2.87%

-EUR 3.75

EUR 144.00

-11.81%

EUR 120.14

5.71%

 

 

UK Base

Apr-23

GBP 138.50

GBP 140.27

-1.27%

-GBP 1.78

GBP 148.57

-6.78%

GBP 109.58

26.39%

 

 

French Base

Apr-23

EUR 143.12

EUR 148.71

-3.76%

-EUR 5.59

EUR 156.35

-8.46%

EUR 113.61

25.98%

 

 

Italian Base

Apr-23

EUR 152.62

EUR 157.37

-3.02%

-EUR 4.75

EUR 170.31

-10.39%

EUR 129.92

17.47%

 

 

JKM LNG

Apr-23

$17.33

$18.30

-5.29%

-$0.97

$19.87

-12.75%

$24.26

-28.56%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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