Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-22-2023

Feb 22, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:29 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.092

$2.073

0.92%

$0.019

16,837

 

 

WTI

$76.09

$76.16

-0.09%

-$0.07

104,011

 

 

Brent

$82.62

$83.05

-0.52%

-$0.43

6,889

 

 

ULSD

$2.779

$2.792

-0.47%

-$0.013

2,883

 

 

RBOB

$2.415

$2.416

-0.01%

$0.000

1,581

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.54

$6.69

-2.24%

-$0.15

Apr-23

 

 

3:2:1 Crack

$35.94

$35.92

0.04%

$0.02

Apr-23

 

 

PJM West Spark

$30.97

$32.21

-3.87%

-$1.25

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

2/21/23

2/17/23

% Change

Change

1/23/23

% Change

2/18/22

% Change

 

 

PJM West On Peak

Mar-23

$35.42

$36.65

-3.34%

-$1.22

$47.89

-26.03%

$57.81

-38.72%

 

 

ERCOT North On Peak

Mar-23

$26.89

$29.03

-7.39%

-$2.15

$40.92

-34.29%

$49.00

-45.13%

 

 

CAISO SP 15 On Peak

Mar-23

$52.90

$49.99

5.83%

$2.91

$53.00

-0.19%

$50.10

5.59%

 

 

MISO Indiana On Peak

Mar-23

$35.73

$36.98

-3.38%

-$1.25

$45.83

-22.05%

$55.77

-35.94%

 

 

NEISO Mass On Peak

Mar-23

$56.51

$54.01

4.63%

$2.50

$69.61

-18.82%

$92.62

-38.98%

 

 

WECC Mid C On Peak

Mar-23

$78.95

$78.91

0.05%

$0.04

$66.29

19.09%

$47.39

66.57%

 

 

NYISO Zone G On Peak

Mar-23

$43.84

$42.95

2.07%

$0.89

$55.79

-21.43%

$77.27

-43.27%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/21/23

2/17/23

% Change

Change

1/23/23

% Change

2/18/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.073

$2.275

-8.88%

-$0.20

$3.22

-35.66%

$4.28

-51.52%

 

 

Houston Ship Channel

Mar-23

-$0.312

-$0.238

31.16%

-$0.07

-$0.43

-27.66%

-$0.16

95.31%

 

 

Chicago

Mar-23

$0.140

$0.124

-11.57%

$0.02

$0.12

13.09%

$0.00

-3281.82%

 

 

Waha

Mar-23

-$0.870

-$0.883

-1.47%

$0.01

-$1.61

-46.07%

-$1.24

-29.92%

 

 

Algonquin

Mar-23

$3.005

$2.812

6.86%

$0.19

$3.97

-24.38%

$5.38

-44.20%

 

 

Aeco

Mar-23

-$0.221

-$0.290

-23.97%

$0.07

-$0.37

-40.77%

-$0.95

-76.77%

 

 

Socal

Mar-23

$2.800

$2.238

25.12%

$0.56

$1.88

48.57%

$0.08

3361.06%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/21/23

2/17/23

% Change

Change

1/23/23

% Change

2/18/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.823

$0.814

1.07%

$0.01

$0.90

-8.61%

$1.02

-19.04%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.838

$0.821

1.98%

$0.02

$0.90

-6.59%

$1.00

-16.52%

 

 

Mt. Belview Ethane

Mar-23

$0.246

$0.237

3.49%

$0.01

$0.25

-2.54%

$0.33

-26.63%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.661

$1.632

1.82%

$0.03

$1.76

-5.39%

$1.72

-3.36%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.115

$1.075

3.71%

$0.04

$1.06

5.13%

$1.18

-5.58%

 

 

Conway Propane

Mar-23

$0.795

$0.778

2.25%

$0.02

$0.86

-7.74%

$1.03

-23.08%

 

 

Conway Nat. Gasoline

Mar-23

$1.694

$1.664

1.80%

$0.03

$1.76

-3.65%

$1.71

-1.00%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/21/23

2/17/23

% Change

Change

1/23/23

% Change

2/18/22

% Change

 

 

WTI

Apr-23

$76.36

$76.55

-0.25%

-$0.19

$81.93

-6.80%

$78.18

-2.33%

 

 

Brent

Apr-23

$83.05

$83.00

0.06%

$0.05

$88.16

-5.80%

$81.97

1.32%

 

 

WCS

Apr-23

-$17.75

-$17.35

2.24%

-$0.40

-$23.16

-23.37%

-$13.98

26.95%

 

 

LLS

Apr-23

$79.13

$79.72

-0.75%

-$0.60

$84.67

-6.54%

$79.08

0.06%

 

 

Mars

Apr-23

$76.04

$75.26

1.02%

$0.77

$78.98

-3.72%

$75.42

0.83%

 

 

Sour

Apr-23

$75.01

$75.12

-0.14%

-$0.11

$78.20

-4.08%

$72.76

3.09%

 

 

ESPO

Apr-23

$81.96

$80.78

1.44%

$1.18

$86.35

-5.08%

$80.20

2.20%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/21/23

2/17/23

% Change

Change

1/23/23

% Change

2/18/22

% Change

 

 

NY Heating Oil

Mar-23

$2.80

$2.71

3.29%

$0.09

$3.43

-18.36%

$2.50

11.70%

 

 

NY Gasoline

Mar-23

$2.42

$2.41

0.33%

$0.01

$2.69

-10.05%

$2.30

5.13%

 

 

GC Gasoline

Mar-23

$2.32

$2.31

0.35%

$0.01

$2.59

-10.44%

$2.20

5.37%

 

 

GC Jet

Mar-23

$2.74

$2.46

11.36%

$0.28

$3.31

-17.34%

$2.29

19.48%

 

 

Chicago Ethanol

Mar-23

$2.22

$2.22

0.00%

$0.00

$2.16

2.54%

$1.95

14.08%

 

 

Rotterdam Gasoil

Mar-23

$758.18

$747.03

1.49%

$11.15

$908.18

-16.52%

$656.52

15.48%

 

 

Singapore Jet Kero

Mar-23

$102.24

$100.96

1.27%

$1.28

$121.33

-15.73%

$92.22

10.87%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/21/23

2/17/23

% Change

Change

1/23/23

% Change

2/18/22

% Change

 

 

Henry Hub Straddle

Apr-23

111.30%

92.24%

20.66%

19.06%

80.49%

38.28%

40.70%

173.46%

 

 

Algonquin Straddle

Apr-23

105.76%

90.24%

17.20%

15.52%

71.13%

48.69%

37.23%

184.07%

 

 

Waha Straddle

Apr-23

242.70%

254.72%

-4.72%

-12.02%

470.24%

-48.39%

72.73%

233.70%

 

 

Chicago Straddle

Apr-23

115.72%

90.71%

27.57%

25.01%

84.49%

36.96%

41.58%

178.31%

 

 

PJM West Straddle

Apr-23

69.90%

74.04%

-5.59%

-4.14%

67.57%

3.45%

43.03%

62.44%

 

 

SP – 15 Straddle

Apr-23

97.76%

119.78%

-18.38%

-22.02%

131.01%

-25.38%

21.73%

349.88%

 

 

Mid. C Straddle

Apr-23

147.92%

146.94%

0.67%

0.98%

122.62%

20.63%

34.79%

325.18%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/21/23

2/17/23

% Change

Change

1/23/23

% Change

2/18/22

% Change

 

 

Dutch TTF

Apr-23

EUR 49.50

EUR 49.35

0.31%

EUR 0.15

EUR 63.22

-21.71%

EUR 47.82

3.52%

 

 

NBP

Apr-23

GBP 120.85

GBP 121.20

-0.29%

-GBP 0.35

GBP 160.00

-24.47%

GBP 122.82

-1.61%

 

 

German Base

Apr-23

EUR 120.00

EUR 123.85

-3.11%

-EUR 3.85

EUR 146.65

-18.17%

EUR 117.72

1.94%

 

 

UK Base

Apr-23

GBP 130.40

GBP 133.54

-2.36%

-GBP 3.15

GBP 159.34

-18.16%

GBP 115.28

13.11%

 

 

French Base

Apr-23

EUR 135.03

EUR 140.78

-4.08%

-EUR 5.75

EUR 161.06

-16.16%

EUR 109.93

22.84%

 

 

Italian Base

Apr-23

EUR 140.88

EUR 149.57

-5.81%

-EUR 8.69

EUR 174.44

-19.24%

EUR 127.53

10.48%

 

 

JKM LNG

Apr-23

$17.24

$17.42

-1.02%

-$0.18

$21.65

-20.36%

$25.54

-32.49%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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