Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-21-2023

Feb 21, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 10:01 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.121

$2.275

-6.77%

-$0.154

52,057

 

 

WTI

$75.90

$76.34

-0.58%

-$0.44

7,438

 

 

Brent

$82.62

$83.00

-0.46%

-$0.38

20,803

 

 

ULSD

$2.708

$2.712

-0.16%

-$0.004

8,888

 

 

RBOB

$2.412

$2.408

0.15%

$0.004

9,414

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.59

$6.45

2.17%

$0.14

Apr-23

 

 

3:2:1 Crack

$35.02

$34.70

0.93%

$0.32

Mar-23

 

 

PJM West Spark

$32.12

$33.57

-4.31%

-$1.45

Mar-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/17/23

760

-1

115

02/18/22

 

 

Canada

02/17/23

248

-2

28

02/18/22

 

 

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

2/17/23

2/16/23

% Change

Change

1/20/23

% Change

2/17/22

% Change

 

 

PJM West On Peak

Mar-23

$36.65

$38.44

-4.65%

-$1.79

$45.86

-20.10%

$56.14

-34.72%

 

 

ERCOT North On Peak

Mar-23

$29.03

$31.45

-7.69%

-$2.42

$39.09

-25.73%

$49.30

-41.10%

 

 

CAISO SP 15 On Peak

Mar-23

$49.99

$50.94

-1.87%

-$0.95

$50.96

-1.91%

$47.43

5.39%

 

 

MISO Indiana On Peak

Mar-23

$36.98

$38.50

-3.96%

-$1.52

$44.09

-16.13%

$54.12

-31.68%

 

 

NEISO Mass On Peak

Mar-23

$54.01

$60.54

-10.79%

-$6.53

$71.09

-24.02%

$89.68

-39.78%

 

 

WECC Mid C On Peak

Mar-23

$78.91

$71.33

10.63%

$7.58

$61.94

27.40%

$46.96

68.04%

 

 

NYISO Zone G On Peak

Mar-23

$42.95

$48.58

-11.58%

-$5.63

$57.57

-25.40%

$74.87

-42.64%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/17/23

2/16/23

% Change

Change

1/20/23

% Change

2/17/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.275

$2.389

-4.77%

-$0.11

$3.04

-25.07%

$4.31

-47.23%

 

 

Houston Ship Channel

Mar-23

-$0.238

-$0.228

4.61%

-$0.01

-$0.38

-37.83%

-$0.16

48.53%

 

 

Chicago

Mar-23

$0.124

$0.089

-28.03%

$0.03

-$0.03

-486.87%

-$0.02

-832.54%

 

 

Waha

Mar-23

-$0.883

-$0.851

-3.81%

-$0.03

-$1.63

-45.82%

-$1.21

-27.18%

 

 

Algonquin

Mar-23

$2.812

$2.971

-5.37%

-$0.16

$3.56

-20.95%

$5.35

-47.43%

 

 

Aeco

Mar-23

-$0.290

-$0.356

-18.47%

$0.07

-$0.34

-15.61%

-$1.00

-71.06%

 

 

Socal

Mar-23

$2.238

$1.343

66.61%

$0.89

$1.70

31.71%

$0.07

2940.62%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/17/23

2/16/23

% Change

Change

1/20/23

% Change

2/17/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.814

$0.820

-0.76%

-$0.01

$0.90

-9.58%

$1.01

-19.44%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.821

$0.837

-1.94%

-$0.02

$0.90

-8.76%

$1.01

-18.64%

 

 

Mt. Belview Ethane

Mar-23

$0.237

$0.241

-1.54%

$0.00

$0.25

-5.03%

$0.34

-29.20%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.632

$1.704

-4.24%

-$0.07

$1.73

-5.60%

$1.75

-7.01%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.075

$1.100

-2.29%

-$0.03

$1.06

1.77%

$1.17

-8.33%

 

 

Conway Propane

Mar-23

$0.778

$0.827

-6.04%

-$0.05

$0.87

-10.70%

$1.03

-24.31%

 

 

Conway Nat. Gasoline

Mar-23

$1.664

$1.736

-4.18%

-$0.07

$1.75

-5.16%

$1.76

-5.33%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/17/23

2/16/23

% Change

Change

1/20/23

% Change

2/17/22

% Change

 

 

WTI

Apr-23

$76.55

$78.74

-2.86%

-$2.19

$81.89

-6.52%

$77.46

-1.17%

 

 

Brent

Apr-23

$83.00

$85.14

-2.58%

-$2.14

$87.68

-5.34%

$81.30

2.09%

 

 

WCS

Apr-23

-$17.35

-$17.75

-2.29%

$0.40

-$24.01

-27.73%

-$14.38

20.68%

 

 

LLS

Apr-23

$79.72

$81.99

-2.83%

-$2.26

$82.99

-3.94%

$78.70

1.30%

 

 

Mars

Apr-23

$75.26

$77.34

-2.76%

-$2.08

$77.35

-2.70%

$74.54

0.98%

 

 

Sour

Apr-23

$75.12

$77.10

-2.64%

-$1.99

$78.36

-4.13%

$75.48

-0.48%

 

 

ESPO

Apr-23

$80.78

$83.13

-2.92%

-$2.36

$85.71

-5.75%

$78.29

3.18%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/17/23

2/16/23

% Change

Change

1/20/23

% Change

2/17/22

% Change

 

 

NY Heating Oil

Mar-23

$2.71

$2.81

-3.66%

-$0.10

$3.36

-19.28%

$2.49

8.80%

 

 

NY Gasoline

Mar-23

$2.41

$2.44

-1.31%

-$0.03

$2.64

-8.86%

$2.28

5.71%

 

 

GC Gasoline

Mar-23

$2.31

$2.34

-1.37%

-$0.03

$2.54

-9.21%

$2.18

5.97%

 

 

GC Jet

Mar-23

$2.46

$2.49

-1.33%

-$0.03

$3.02

-18.67%

$2.28

7.76%

 

 

Chicago Ethanol

Mar-23

$2.22

$2.19

1.37%

$0.03

$2.18

1.60%

$1.99

11.73%

 

 

Rotterdam Gasoil

Mar-23

$747.03

$774.72

-3.57%

-$27.69

$877.50

-14.87%

$661.39

12.95%

 

 

Singapore Jet Kero

Mar-23

$100.96

$105.14

-3.98%

-$4.18

$115.63

-12.69%

$93.01

8.54%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/17/23

2/16/23

% Change

Change

1/20/23

% Change

2/17/22

% Change

 

 

Henry Hub Straddle

Apr-23

92.24%

79.19%

16.48%

13.05%

92.95%

-0.76%

41.26%

123.56%

 

 

Algonquin Straddle

Apr-23

90.24%

77.40%

16.59%

12.84%

74.55%

21.05%

38.03%

137.29%

 

 

Waha Straddle

Apr-23

254.72%

284.77%

-10.55%

-30.05%

471.02%

-45.92%

73.02%

248.84%

 

 

Chicago Straddle

Apr-23

90.71%

80.58%

12.57%

10.13%

93.04%

-2.50%

42.51%

113.39%

 

 

PJM West Straddle

Apr-23

74.04%

73.01%

1.41%

1.03%

68.39%

8.26%

43.35%

70.80%

 

 

SP – 15 Straddle

Apr-23

119.78%

102.06%

17.36%

17.72%

146.61%

-18.30%

21.75%

450.71%

 

 

Mid. C Straddle

Apr-23

146.94%

144.19%

1.91%

2.75%

123.35%

19.12%

34.54%

325.42%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/17/23

2/16/23

% Change

Change

1/20/23

% Change

2/17/22

% Change

 

 

Dutch TTF

Apr-23

EUR 49.35

EUR 51.93

-4.98%

-EUR 2.58

EUR 68.87

-28.35%

EUR 47.31

4.30%

 

 

NBP

Apr-23

GBP 121.20

GBP 129.42

-6.35%

-GBP 8.22

GBP 173.87

-30.29%

GBP 122.13

-0.76%

 

 

German Base

Apr-23

EUR 123.85

EUR 127.00

-2.48%

-EUR 3.15

EUR 144.00

-13.99%

EUR 119.77

3.41%

 

 

UK Base

Apr-23

GBP 133.54

GBP 138.50

-3.57%

-GBP 4.95

GBP 165.40

-19.26%

GBP 106.83

25.01%

 

 

French Base

Apr-23

EUR 140.78

EUR 143.12

-1.63%

-EUR 2.34

EUR 156.16

-9.85%

EUR 119.87

17.44%

 

 

Italian Base

Apr-23

EUR 149.57

EUR 152.62

-2.00%

-EUR 3.05

EUR 174.16

-14.12%

EUR 134.61

11.12%

 

 

JKM LNG

Apr-23

$17.42

$17.33

0.48%

$0.08

$21.75

-19.92%

$25.86

-32.65%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

02/18/2023

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

7

0

-1

53

1

14

NA

NA

 

 

E S Central

1

0

1

3

-5

-1

NA

NA

 

 

W S Central

3

-1

-1

21

-2

10

NA

NA

 

 

Mountain

0

-1

0

0

-3

0

NA

NA

 

 

Pacific

0

0

0

0

-2

0

NA

NA

 

 

United States

2

0

0

12

-1

4

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/18/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

182

-84

-54

3,696

-714

-265

-16.00%

-7.00%

 

 

Middle Atlantic

158

-89

-72

3,391

-610

-127

-15.00%

-4.00%

 

 

E N Central

201

-65

-76

3,984

-500

-33

-11.00%

-1.00%

 

 

W N Central

244

-25

-55

4,543

-268

265

-6.00%

6.00%

 

 

South Atlantic

86

-41

-21

1,796

-273

21

-13.00%

1.00%

 

 

E S Central

116

-40

-30

2,323

-331

25

-12.00%

1.00%

 

 

W S Central

104

1

6

1,675

-110

280

-6.00%

20.00%

 

 

Mountain

230

46

52

3,704

113

565

3.00%

18.00%

 

 

Pacific

149

40

59

2,211

104

291

5.00%

15.00%

 

 

United States

153

-30

-22

2,866

-281

100

-9.00%

4.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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