Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-11-2023

Jan 11, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:25 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.614

$3.639

-0.69%

-$0.025

35,969

 

 

WTI

$76.12

$75.12

1.33%

$1.00

138,702

 

 

Brent

$81.26

$80.10

1.45%

$1.16

10,495

 

 

ULSD

$3.184

$3.136

1.54%

$0.048

19,296

 

 

RBOB

$2.378

$2.328

2.15%

$0.050

8,208

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.85

$4.73

2.54%

$0.12

Mar-23

 

 

3:2:1 Crack

$33.16

$32.15

3.17%

$1.02

Feb-23

 

 

PJM West Spark

$76.95

$78.94

-2.51%

-$1.98

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

1/10/23

1/9/23

% Change

Change

12/9/22

% Change

1/10/22

% Change

 

 

PJM West On Peak

Feb-23

$84.64

$86.72

-2.40%

-$2.08

$105.86

-20.05%

$67.98

24.50%

 

 

ERCOT North On Peak

Feb-23

$58.50

$58.05

0.77%

$0.45

$91.49

-36.05%

$56.89

2.83%

 

 

CAISO SP 15 On Peak

Feb-23

$166.95

$169.58

-1.55%

-$2.64

$155.84

7.13%

$58.21

186.80%

 

 

MISO Indiana On Peak

Feb-23

$73.66

$75.19

-2.03%

-$1.52

$94.23

-21.83%

$64.80

13.68%

 

 

NEISO Mass On Peak

Feb-23

$142.44

$157.61

-9.62%

-$15.17

$268.48

-46.95%

$145.09

-1.82%

 

 

WECC Mid C On Peak

Feb-23

$158.96

$161.96

-1.85%

-$3.00

$165.15

-3.74%

$59.52

167.09%

 

 

NYISO Zone G On Peak

Feb-23

$123.26

$131.68

-6.40%

-$8.42

$207.24

-40.53%

$98.09

25.65%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/10/23

1/9/23

% Change

Change

12/9/22

% Change

1/10/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$3.639

$3.910

-6.93%

-$0.27

$6.08

-40.17%

$4.17

-12.67%

 

 

Houston Ship Channel

Feb-23

-$0.155

-$0.173

-10.35%

$0.02

$0.34

-145.19%

$0.21

-174.88%

 

 

Chicago

Feb-23

$1.327

$1.105

-16.71%

$0.22

$1.06

25.10%

$0.41

224.50%

 

 

Waha

Feb-23

-$0.574

-$0.714

-19.59%

$0.14

$0.02

-3475.88%

-$0.12

369.64%

 

 

Algonquin

Feb-23

$13.897

$14.133

-1.67%

-$0.24

$27.72

-49.87%

$14.65

-5.11%

 

 

Aeco

Feb-23

-$0.661

-$0.617

7.12%

-$0.04

-$1.65

-59.89%

-$1.01

-34.73%

 

 

Socal

Feb-23

$12.913

$14.135

-8.65%

-$1.22

$9.64

33.96%

$0.91

1315.12%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/10/23

1/9/23

% Change

Change

12/9/22

% Change

1/10/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.785

$0.779

0.81%

$0.01

$0.72

9.37%

$0.97

-19.28%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.784

$0.765

2.45%

$0.02

$0.73

7.62%

$0.98

-19.84%

 

 

Mt. Belview Ethane

Feb-23

$0.259

$0.277

-6.43%

-$0.02

$0.35

-25.95%

$0.31

-16.49%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.546

$1.521

1.67%

$0.03

$1.37

13.01%

$1.58

-2.41%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.052

$1.046

0.59%

$0.01

$0.86

23.06%

$1.10

-4.18%

 

 

Conway Propane

Feb-23

$0.777

$0.760

2.31%

$0.02

$0.75

4.00%

$1.02

-23.74%

 

 

Conway Nat. Gasoline

Feb-23

$1.548

$1.543

0.33%

$0.01

$1.38

11.86%

$1.64

-5.34%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/10/23

1/9/23

% Change

Change

12/9/22

% Change

1/10/22

% Change

 

 

WTI

Mar-23

$75.37

$74.92

0.60%

$0.45

$71.43

5.52%

$70.29

7.23%

 

 

Brent

Mar-23

$80.10

$79.65

0.56%

$0.45

$76.60

4.57%

$74.31

7.79%

 

 

WCS

Mar-23

-$24.90

-$26.05

-4.62%

$1.15

-$24.20

2.88%

-$14.24

74.89%

 

 

LLS

Mar-23

$77.76

$76.66

1.41%

$1.10

$73.92

5.19%

$71.45

8.83%

 

 

Mars

Mar-23

$71.48

$70.20

1.79%

$1.28

$66.94

6.79%

$69.22

3.26%

 

 

Sour

Mar-23

$69.46

$70.78

-1.89%

-$1.32

$66.64

4.23%

$69.01

0.66%

 

 

ESPO

Mar-23

$79.02

$77.89

1.43%

$1.13

$73.91

6.91%

$73.33

7.75%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/10/23

1/9/23

% Change

Change

12/9/22

% Change

1/10/22

% Change

 

 

NY Heating Oil

Feb-23

$3.15

$3.03

3.83%

$0.12

$2.79

12.64%

$2.35

34.10%

 

 

NY Gasoline

Feb-23

$2.31

$2.30

0.74%

$0.02

$2.08

11.10%

$2.08

11.26%

 

 

GC Gasoline

Feb-23

$2.21

$2.20

0.77%

$0.02

$1.98

11.65%

$1.98

11.82%

 

 

GC Jet

Feb-23

$2.84

$2.71

4.75%

$0.13

$2.42

17.67%

$2.18

30.11%

 

 

Chicago Ethanol

Feb-23

$2.11

$2.12

-0.47%

-$0.01

$2.11

0.09%

$1.92

9.90%

 

 

Rotterdam Gasoil

Feb-23

$818.95

$808.98

1.23%

$9.97

$759.60

7.81%

$614.91

33.18%

 

 

Singapore Jet Kero

Feb-23

$110.64

$109.01

1.50%

$1.63

$99.72

10.95%

$86.21

28.34%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/10/23

1/9/23

% Change

Change

12/9/22

% Change

1/10/22

% Change

 

 

Henry Hub Straddle

Feb-23

106.91%

97.63%

9.51%

9.28%

112.00%

-4.54%

45.63%

134.30%

 

 

Algonquin Straddle

Feb-23

131.85%

118.82%

10.97%

13.03%

124.12%

6.23%

93.45%

41.09%

 

 

Waha Straddle

Feb-23

127.99%

118.11%

8.37%

9.88%

145.55%

-12.06%

48.20%

165.54%

 

 

Chicago Straddle

Feb-23

98.92%

92.00%

7.52%

6.92%

105.13%

-5.91%

43.85%

125.59%

 

 

PJM West Straddle

Feb-23

142.34%

149.54%

-4.81%

-7.20%

141.21%

0.80%

55.81%

155.04%

 

 

SP – 15 Straddle

Feb-23

206.28%

274.85%

-24.95%

-68.57%

212.44%

-2.90%

24.54%

740.59%

 

 

Mid. C Straddle

Feb-23

210.59%

203.17%

3.65%

7.42%

196.59%

7.12%

32.20%

554.01%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/10/23

1/9/23

% Change

Change

12/9/22

% Change

1/10/22

% Change

 

 

Dutch TTF

Feb-23

EUR 70.00

EUR 74.80

-6.42%

-EUR 4.81

EUR 146.60

-52.25%

EUR 79.92

-12.42%

 

 

NBP

Feb-23

GBP 172.00

GBP 187.50

-8.27%

-GBP 15.50

GBP 366.85

-53.11%

GBP 206.28

-16.62%

 

 

German Base

Feb-23

EUR 174.54

EUR 166.33

4.94%

EUR 8.21

EUR 395.79

-55.90%

EUR 203.44

-14.21%

 

 

UK Base

Feb-23

GBP 180.18

GBP 179.82

0.20%

GBP 0.36

GBP 484.15

-62.78%

GBP 193.12

-6.70%

 

 

French Base

Feb-23

EUR 215.73

EUR 210.21

2.63%

EUR 5.52

EUR 680.65

-68.30%

EUR 237.00

-8.97%

 

 

Italian Base

Feb-23

EUR 191.33

EUR 216.89

-11.78%

-EUR 25.56

EUR 374.74

-48.94%

EUR 210.19

-8.97%

 

 

JKM LNG

Feb-23

$26.42

$27.20

-2.88%

-$0.78

$35.51

-25.62%

$28.70

-7.95%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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