Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-12-2023

Jan 12, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:50 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.890

$3.671

5.97%

$0.219

33,561

 

 

WTI

$78.78

$77.41

1.77%

$1.37

111,103

 

 

Brent

$84.13

$82.67

1.77%

$1.46

13,108

 

 

ULSD

$3.198

$3.218

-0.63%

-$0.020

13,519

 

 

RBOB

$2.473

$2.435

1.59%

$0.039

7,796

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.15

$4.99

3.21%

$0.16

Mar-23

 

 

3:2:1 Crack

$33.67

$33.96

-0.88%

-$0.30

Feb-23

 

 

PJM West Spark

$72.43

$76.79

-5.67%

-$4.35

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

1/11/23

1/10/23

% Change

Change

12/12/22

% Change

1/11/22

% Change

 

 

PJM West On Peak

Feb-23

$80.73

$84.64

-4.61%

-$3.91

$111.43

-27.55%

$68.57

17.75%

 

 

ERCOT North On Peak

Feb-23

$57.87

$58.50

-1.07%

-$0.63

$94.85

-38.99%

$60.72

-4.68%

 

 

CAISO SP 15 On Peak

Feb-23

$158.03

$166.95

-5.34%

-$8.92

$136.96

15.38%

$56.93

177.57%

 

 

MISO Indiana On Peak

Feb-23

$69.88

$73.66

-5.13%

-$3.78

$99.47

-29.74%

$65.39

6.87%

 

 

NEISO Mass On Peak

Feb-23

$130.47

$142.44

-8.41%

-$11.97

$274.77

-52.52%

$156.18

-16.47%

 

 

WECC Mid C On Peak

Feb-23

$167.70

$158.96

5.50%

$8.74

$199.37

-15.88%

$58.77

185.33%

 

 

NYISO Zone G On Peak

Feb-23

$114.39

$123.26

-7.19%

-$8.86

$213.56

-46.44%

$99.42

15.06%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/11/23

1/10/23

% Change

Change

12/12/22

% Change

1/11/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$3.671

$3.639

0.88%

$0.03

$6.42

-42.78%

$4.26

-13.73%

 

 

Houston Ship Channel

Feb-23

-$0.193

-$0.155

24.32%

-$0.04

$0.59

-132.54%

$0.22

-187.16%

 

 

Chicago

Feb-23

$1.276

$1.327

3.99%

-$0.05

$1.14

11.58%

$0.43

194.96%

 

 

Waha

Feb-23

-$0.497

-$0.574

-13.43%

$0.08

$0.53

-192.95%

-$0.13

274.38%

 

 

Algonquin

Feb-23

$12.246

$13.897

-11.88%

-$1.65

$27.45

-55.39%

$14.66

-16.48%

 

 

Aeco

Feb-23

-$0.538

-$0.661

-18.64%

$0.12

-$1.95

-72.40%

-$1.02

-47.23%

 

 

Socal

Feb-23

$14.505

$12.913

12.33%

$1.59

$14.10

2.90%

$0.92

1471.46%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/11/23

1/10/23

% Change

Change

12/12/22

% Change

1/11/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.804

$0.785

2.38%

$0.02

$0.73

10.29%

$0.99

-18.90%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.807

$0.784

3.02%

$0.02

$0.74

9.68%

$0.95

-15.11%

 

 

Mt. Belview Ethane

Feb-23

$0.264

$0.259

1.87%

$0.00

$0.35

-24.73%

$0.31

-15.14%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.615

$1.546

4.48%

$0.07

$1.39

16.51%

$1.58

2.18%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.113

$1.052

5.83%

$0.06

$0.87

27.75%

$1.11

0.37%

 

 

Conway Propane

Feb-23

$0.795

$0.777

2.24%

$0.02

$0.76

4.26%

$1.04

-23.39%

 

 

Conway Nat. Gasoline

Feb-23

$1.578

$1.548

1.90%

$0.03

$1.40

12.55%

$1.62

-2.72%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/11/23

1/10/23

% Change

Change

12/12/22

% Change

1/11/22

% Change

 

 

WTI

Mar-23

$77.68

$75.37

2.97%

$2.31

$73.46

5.74%

$72.34

7.38%

 

 

Brent

Mar-23

$82.67

$80.10

3.11%

$2.57

$78.34

5.53%

$76.32

8.32%

 

 

WCS

Mar-23

-$24.01

-$24.90

-3.72%

$0.89

-$24.09

-0.35%

-$14.05

70.88%

 

 

LLS

Mar-23

$79.60

$77.76

2.31%

$1.84

$75.43

5.52%

$72.93

9.14%

 

 

Mars

Mar-23

$73.96

$71.48

3.35%

$2.48

$68.60

7.81%

$68.75

7.58%

 

 

Sour

Mar-23

$70.85

$69.46

1.96%

$1.39

$67.71

4.64%

$69.68

1.68%

 

 

ESPO

Mar-23

$80.94

$79.02

2.38%

$1.93

$74.92

8.05%

$72.79

11.20%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/11/23

1/10/23

% Change

Change

12/12/22

% Change

1/11/22

% Change

 

 

NY Heating Oil

Feb-23

$3.28

$3.15

4.20%

$0.13

$2.93

11.76%

$2.35

39.79%

 

 

NY Gasoline

Feb-23

$2.44

$2.31

5.49%

$0.13

$2.10

16.30%

$2.12

14.88%

 

 

GC Gasoline

Feb-23

$2.34

$2.21

5.74%

$0.13

$2.00

17.12%

$2.02

15.61%

 

 

GC Jet

Feb-23

$2.94

$2.84

3.45%

$0.10

$2.64

11.19%

$2.22

32.60%

 

 

Chicago Ethanol

Feb-23

$2.08

$2.11

-1.42%

-$0.03

$2.18

-4.41%

$1.97

5.69%

 

 

Rotterdam Gasoil

Feb-23

$831.92

$818.95

1.58%

$12.97

$786.58

5.76%

$606.69

37.12%

 

 

Singapore Jet Kero

Feb-23

$107.74

$110.64

-2.62%

-$2.90

$103.00

4.60%

$84.64

27.29%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/11/23

1/10/23

% Change

Change

12/12/22

% Change

1/11/22

% Change

 

 

Henry Hub Straddle

Feb-23

102.24%

106.91%

-4.37%

-4.67%

118.04%

-13.39%

47.12%

116.98%

 

 

Algonquin Straddle

Feb-23

128.41%

131.85%

-2.61%

-3.44%

126.53%

1.49%

84.55%

51.87%

 

 

Waha Straddle

Feb-23

122.34%

127.99%

-4.41%

-5.65%

171.63%

-28.72%

44.60%

174.30%

 

 

Chicago Straddle

Feb-23

94.66%

98.92%

-4.31%

-4.26%

111.42%

-15.04%

43.88%

115.72%

 

 

PJM West Straddle

Feb-23

142.72%

142.34%

0.27%

0.38%

144.10%

-0.96%

56.03%

154.72%

 

 

SP – 15 Straddle

Feb-23

289.52%

206.28%

40.35%

83.24%

172.83%

67.52%

24.79%

1067.89%

 

 

Mid. C Straddle

Feb-23

217.48%

210.59%

3.27%

6.89%

614.76%

-64.62%

34.41%

532.03%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/11/23

1/10/23

% Change

Change

12/12/22

% Change

1/11/22

% Change

 

 

Dutch TTF

Feb-23

EUR 65.10

EUR 70.00

-6.99%

-EUR 4.90

EUR 136.65

-52.36%

EUR 75.66

-13.95%

 

 

NBP

Feb-23

GBP 161.25

GBP 172.00

-6.25%

-GBP 10.75

GBP 343.97

-53.12%

GBP 193.66

-16.74%

 

 

German Base

Feb-23

EUR 156.95

EUR 174.54

-10.08%

-EUR 17.59

EUR 376.72

-58.34%

EUR 194.92

-19.48%

 

 

UK Base

Feb-23

GBP 168.48

GBP 180.18

-6.49%

-GBP 11.70

GBP 433.34

-61.12%

GBP 180.06

-6.43%

 

 

French Base

Feb-23

EUR 186.69

EUR 215.73

-13.46%

-EUR 29.04

EUR 610.50

-69.42%

EUR 227.44

-17.92%

 

 

Italian Base

Feb-23

EUR 186.93

EUR 191.33

-2.30%

-EUR 4.40

EUR 356.91

-47.62%

EUR 208.06

-10.15%

 

 

JKM LNG

Feb-23

$24.44

$26.42

-7.49%

-$1.98

$36.94

-33.84%

$26.30

-7.08%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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