Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-10-2023

Jan 10, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.704

$3.910

-5.27%

-$0.206

18,514

 

 

WTI

$74.87

$74.63

0.32%

$0.24

77,090

 

 

Brent

$79.80

$79.65

0.19%

$0.15

6,392

 

 

ULSD

$3.052

$3.036

0.52%

$0.016

5,397

 

 

RBOB

$2.326

$2.293

1.46%

$0.033

3,897

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.69

$4.73

-0.85%

-$0.04

Mar-23

 

 

3:2:1 Crack

$31.70

$30.81

2.89%

$0.89

Feb-23

 

 

PJM West Spark

$78.80

$70.97

11.02%

$7.82

Feb-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

01/06/23

772

-7

184

01/07/22

 

 

Canada

01/06/23

189

105

48

01/07/22

 

 

International

Dec

900

-10

66

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/3/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

95,936

95,518

95,736

-218

 

 

PJM West Off Peak

87,026

86,600

86,682

-82

 

 

Natural Gas Henry Hub

441,995

422,227

431,506

-9,279

 

 

WTI – Light Sweet Crude Futures

131,126

94,890

100,196

-5,306

 

 

Brent Crude Last Day

146,083

136,821

140,512

-3,691

 

 

NYM Ethanol

17,576

16,979

17,250

-271

 

 

Mt Belvieu LDH Propane Swap

146,264

145,021

143,965

1,056

 

 

RBOB

239,297

219,320

225,710

-6,390

 

 

HSC Basis

543,538

539,131

533,512

5,619

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

01/05/18

 

 

 

12/30/22

12/23/22

Net Change

% Change

12/31/21

% Change

5 Year Avg.

% Change

 

 

East

691

747

-56

-7.50%

767

-9.91%

721

-4.11%

 

 

Midwest

839

899

-60

-6.67%

893

-6.05%

848

-1.11%

 

 

Mountain

157

166

-9

-5.42%

172

-8.72%

167

-5.76%

 

 

Pacific

165

165

0

0.00%

219

-24.66%

240

-31.25%

 

 

South

1,040

1,136

-96

-8.45%

1,143

-9.01%

1,035

0.48%

 

 

    Salt

270

323

-53

-16.41%

347

-22.19%

306

-11.71%

 

 

    Non_Salt

770

813

-43

-5.29%

796

-3.27%

729

5.60%

 

 

Total

2,891

3,112

-221

-7.10%

3,195

-9.51%

3,011

-3.98%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

1/9/23

1/6/23

% Change

Change

12/8/22

% Change

1/7/22

% Change

 

 

PJM West On Peak

Feb-23

$86.72

$79.34

9.30%

$7.38

$104.41

-16.94%

$66.09

31.23%

 

 

ERCOT North On Peak

Feb-23

$58.05

$56.77

2.27%

$1.29

$85.45

-32.06%

$54.66

6.21%

 

 

CAISO SP 15 On Peak

Feb-23

$169.58

$148.17

14.45%

$21.42

$143.01

18.58%

$56.56

199.82%

 

 

MISO Indiana On Peak

Feb-23

$75.19

$69.33

8.45%

$5.86

$94.62

-20.54%

$62.96

19.43%

 

 

NEISO Mass On Peak

Feb-23

$157.61

$129.31

21.88%

$28.29

$257.98

-38.91%

$156.43

0.75%

 

 

WECC Mid C On Peak

Feb-23

$161.96

$143.17

13.12%

$18.79

$154.59

4.77%

$61.54

163.16%

 

 

NYISO Zone G On Peak

Feb-23

$131.68

$107.79

22.16%

$23.88

$198.33

-33.61%

$98.63

33.51%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/9/23

1/6/23

% Change

Change

12/8/22

% Change

1/7/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$3.910

$3.710

5.39%

$0.20

$5.82

-32.82%

$4.09

-4.40%

 

 

Houston Ship Channel

Feb-23

-$0.173

-$0.267

-35.15%

$0.09

$0.26

-166.50%

$0.21

-181.48%

 

 

Chicago

Feb-23

$1.105

$0.875

-20.85%

$0.23

$0.90

22.70%

$0.41

169.08%

 

 

Waha

Feb-23

-$0.714

-$0.706

-1.03%

-$0.01

-$0.41

75.44%

-$0.12

472.33%

 

 

Algonquin

Feb-23

$14.133

$13.734

2.91%

$0.40

$25.78

-45.19%

$14.71

-3.94%

 

 

Aeco

Feb-23

-$0.617

-$0.616

0.19%

$0.00

-$1.65

-62.67%

-$1.04

-40.58%

 

 

Socal

Feb-23

$14.135

$13.494

4.75%

$0.64

$8.11

74.40%

$0.89

1481.48%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/9/23

1/6/23

% Change

Change

12/8/22

% Change

1/7/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.779

$0.751

3.64%

$0.03

$0.71

9.04%

$0.96

-19.21%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.765

$0.760

0.66%

$0.00

$0.73

4.78%

$0.96

-20.39%

 

 

Mt. Belview Ethane

Feb-23

$0.277

$0.274

0.92%

$0.00

$0.34

-18.16%

$0.31

-10.75%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.521

$1.501

1.34%

$0.02

$1.34

13.54%

$1.57

-3.29%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.046

$1.014

3.20%

$0.03

$0.83

25.69%

$1.08

-3.33%

 

 

Conway Propane

Feb-23

$0.760

$0.749

1.48%

$0.01

$0.74

2.33%

$1.01

-25.09%

 

 

Conway Nat. Gasoline

Feb-23

$1.543

$1.515

1.87%

$0.03

$1.35

14.40%

$1.64

-5.77%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/9/23

1/6/23

% Change

Change

12/8/22

% Change

1/7/22

% Change

 

 

WTI

Feb-23

$74.63

$73.77

1.15%

$0.86

$71.58

4.26%

$71.46

4.44%

 

 

Brent

Feb-23

$79.58

$78.52

1.33%

$1.06

$76.15

4.50%

$75.27

5.72%

 

 

WCS

Feb-23

-$27.34

-$27.26

0.29%

-$0.08

-$25.76

6.13%

-$14.16

93.06%

 

 

LLS

Feb-23

$76.25

$76.09

0.21%

$0.16

$73.38

3.92%

$72.80

4.74%

 

 

Mars

Feb-23

$69.71

$69.99

-0.40%

-$0.28

$66.68

4.54%

$69.58

0.18%

 

 

Sour

Feb-23

$70.72

$68.88

2.60%

$1.84

$65.89

7.33%

$69.21

2.18%

 

 

ESPO

Feb-23

$77.74

$76.34

1.80%

$1.40

$74.13

4.88%

$73.53

5.73%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/9/23

1/6/23

% Change

Change

12/8/22

% Change

1/7/22

% Change

 

 

NY Heating Oil

Feb-23

$3.03

$3.01

0.63%

$0.02

$2.84

6.73%

$2.32

30.38%

 

 

NY Gasoline

Feb-23

$2.30

$2.31

-0.39%

-$0.01

$2.07

11.13%

$2.10

9.44%

 

 

GC Gasoline

Feb-23

$2.20

$2.20

-0.41%

-$0.01

$1.97

11.70%

$2.00

9.91%

 

 

GC Jet

Feb-23

$2.71

$2.67

1.69%

$0.05

$2.45

10.69%

$2.18

24.72%

 

 

Chicago Ethanol

Feb-23

$2.12

$2.16

-1.85%

-$0.04

$2.09

1.58%

$1.68

26.27%

 

 

Rotterdam Gasoil

Feb-23

$808.98

$803.11

0.73%

$5.87

$758.99

6.59%

$617.56

31.00%

 

 

Singapore Jet Kero

Feb-23

$109.01

$106.90

1.97%

$2.11

$93.68

16.36%

$86.48

26.05%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/9/23

1/6/23

% Change

Change

12/8/22

% Change

1/7/22

% Change

 

 

Henry Hub Straddle

Feb-23

97.63%

98.27%

-0.65%

-0.64%

106.91%

-8.68%

46.46%

110.14%

 

 

Algonquin Straddle

Feb-23

118.82%

123.15%

-3.52%

-4.33%

125.63%

-5.42%

90.33%

31.54%

 

 

Waha Straddle

Feb-23

118.11%

124.47%

-5.11%

-6.36%

138.13%

-14.49%

46.01%

156.71%

 

 

Chicago Straddle

Feb-23

92.00%

88.63%

3.80%

3.37%

97.46%

-5.60%

44.61%

106.23%

 

 

PJM West Straddle

Feb-23

149.54%

147.73%

1.23%

1.81%

144.07%

3.80%

54.41%

174.84%

 

 

SP – 15 Straddle

Feb-23

274.85%

371.06%

-25.93%

-96.21%

165.71%

65.86%

24.51%

1021.38%

 

 

Mid. C Straddle

Feb-23

203.17%

197.28%

2.99%

5.89%

236.20%

-13.98%

35.27%

476.04%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/9/23

1/6/23

% Change

Change

12/8/22

% Change

1/7/22

% Change

 

 

Dutch TTF

Feb-23

EUR 74.80

EUR 69.00

8.41%

EUR 5.80

EUR 139.75

-46.48%

EUR 82.67

-9.52%

 

 

NBP

Feb-23

GBP 187.50

GBP 170.25

10.13%

GBP 17.25

GBP 351.05

-46.59%

GBP 208.68

-10.15%

 

 

German Base

Feb-23

EUR 166.33

EUR 175.00

-4.96%

-EUR 8.67

EUR 407.17

-59.15%

EUR 208.12

-20.08%

 

 

UK Base

Feb-23

GBP 179.82

GBP 175.45

2.49%

GBP 4.37

GBP 482.83

-62.76%

GBP 181.72

-1.04%

 

 

French Base

Feb-23

EUR 210.21

EUR 210.32

-0.05%

-EUR 0.10

EUR 700.11

-69.97%

EUR 239.09

-12.08%

 

 

Italian Base

Feb-23

EUR 216.89

EUR 200.88

7.97%

EUR 16.00

EUR 397.69

-45.46%

EUR 208.62

3.96%

 

 

JKM LNG

Feb-23

$27.20

$27.24

-0.17%

-$0.05

$38.66

-29.65%

$30.11

-9.67%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

01/07/2023

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

-2

10

3

-2

NA

NA

 

 

E S Central

1

-1

-2

1

-1

-2

NA

NA

 

 

W S Central

7

4

1

7

4

1

NA

NA

 

 

Mountain

0

0

0

0

0

0

NA

NA

 

 

Pacific

0

0

0

0

0

0

NA

NA

 

 

United States

3

1

0

3

1

0

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/07/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

183

-94

-43

2,339

-400

84

NA

NA

 

 

Middle Atlantic

145

-112

-71

2,163

-285

256

NA

NA

 

 

E N Central

191

-100

-95

2,569

-194

330

NA

NA

 

 

W N Central

246

-68

-124

2,922

-87

446

NA

NA

 

 

South Atlantic

65

-79

-34

1,147

-80

225

NA

NA

 

 

E S Central

85

-100

-69

1,493

-102

284

NA

NA

 

 

W S Central

59

-77

-70

1,001

-40

352

NA

NA

 

 

Mountain

212

-8

-17

2,363

-4

410

NA

NA

 

 

Pacific

136

3

-2

1,396

10

89

NA

NA

 

 

United States

136

-70

-56

1,824

-121

263

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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