Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-13-2023

Jan 13, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:19 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.543

$3.695

-4.11%

-$0.152

22,994

 

 

WTI

$78.80

$78.39

0.52%

$0.41

74,035

 

 

Brent

$84.28

$84.03

0.30%

$0.25

6,369

 

 

ULSD

$3.214

$3.219

-0.17%

-$0.005

4,673

 

 

RBOB

$2.469

$2.475

-0.25%

-$0.006

3,227

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.22

$5.38

-2.97%

-$0.16

Mar-23

 

 

3:2:1 Crack

$33.95

$34.52

-1.65%

-$0.57

Feb-23

 

 

PJM West Spark

$81.98

$76.61

7.01%

$5.37

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

 

 

 

 

01/12/18

 

 

 

1/6/23

12/30/22

Net Change

% Change

1/7/22

% Change

5 Year Avg.

% Change

 

 

East

700

691

9

1.30%

730

-4.11%

681

2.76%

 

 

Midwest

823

839

-16

-1.91%

835

-1.44%

802

2.59%

 

 

Mountain

153

157

-4

-2.55%

159

-3.77%

159

-3.53%

 

 

Pacific

160

165

-5

-3.03%

204

-21.57%

231

-30.86%

 

 

South

1,067

1,040

27

2.60%

1,088

-1.93%

1,000

6.66%

 

 

    Salt

295

270

25

9.26%

330

-10.61%

297

-0.74%

 

 

    Non_Salt

772

770

2

0.26%

759

1.71%

703

9.75%

 

 

Total

2,902

2,891

11

0.38%

3,016

-3.78%

2,874

0.99%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

1/12/23

1/11/23

% Change

Change

12/13/22

% Change

1/12/22

% Change

 

 

PJM West On Peak

Feb-23

$89.56

$84.52

5.97%

$5.04

$118.99

-24.73%

$70.69

26.70%

 

 

ERCOT North On Peak

Feb-23

$65.81

$57.87

13.72%

$7.94

$99.98

-34.18%

$59.54

10.53%

 

 

CAISO SP 15 On Peak

Feb-23

$184.61

$158.03

16.82%

$26.58

$134.27

37.49%

$60.46

205.35%

 

 

MISO Indiana On Peak

Feb-23

$76.81

$73.17

4.98%

$3.64

$105.69

-27.33%

$67.51

13.77%

 

 

NEISO Mass On Peak

Feb-23

$148.08

$130.47

13.50%

$17.61

$247.12

-40.08%

$154.18

-3.96%

 

 

WECC Mid C On Peak

Feb-23

$174.23

$167.70

3.89%

$6.53

$160.24

8.73%

$57.60

202.46%

 

 

NYISO Zone G On Peak

Feb-23

$129.69

$114.39

13.38%

$15.30

$196.94

-34.15%

$98.45

31.73%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/12/23

1/11/23

% Change

Change

12/13/22

% Change

1/12/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$3.695

$3.671

0.65%

$0.02

$6.73

-45.12%

$4.41

-16.29%

 

 

Houston Ship Channel

Feb-23

$0.003

-$0.193

-101.76%

$0.20

$0.39

-99.12%

$0.26

-98.71%

 

 

Chicago

Feb-23

$1.498

$1.276

-14.79%

$0.22

$1.11

34.41%

$0.48

211.28%

 

 

Waha

Feb-23

-$0.221

-$0.497

-55.41%

$0.28

$0.54

-141.30%

-$0.08

191.06%

 

 

Algonquin

Feb-23

$12.129

$12.246

-0.95%

-$0.12

$24.58

-50.65%

$14.45

-16.06%

 

 

Aeco

Feb-23

-$0.470

-$0.538

-12.48%

$0.07

-$1.91

-75.32%

-$1.04

-54.78%

 

 

Socal

Feb-23

$16.144

$14.505

11.30%

$1.64

$8.15

98.17%

$1.01

1498.73%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/12/23

1/11/23

% Change

Change

12/13/22

% Change

1/12/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.830

$0.804

3.25%

$0.03

$0.75

10.40%

$0.99

-16.38%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.822

$0.807

1.86%

$0.01

$0.75

10.01%

$1.01

-18.85%

 

 

Mt. Belview Ethane

Feb-23

$0.268

$0.264

1.65%

$0.00

$0.37

-27.95%

$0.30

-11.85%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.733

$1.615

7.29%

$0.12

$1.42

21.65%

$1.62

7.12%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.117

$1.113

0.35%

$0.00

$0.89

25.68%

$1.13

-0.89%

 

 

Conway Propane

Feb-23

$0.816

$0.795

2.62%

$0.02

$0.78

4.23%

$1.06

-23.01%

 

 

Conway Nat. Gasoline

Feb-23

$1.709

$1.578

8.34%

$0.13

$1.44

18.71%

$1.70

0.33%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/12/23

1/11/23

% Change

Change

12/13/22

% Change

1/12/22

% Change

 

 

WTI

Mar-23

$78.65

$77.68

1.23%

$0.97

$75.58

4.06%

$72.91

7.87%

 

 

Brent

Mar-23

$84.03

$82.67

1.62%

$1.36

$80.86

3.92%

$76.79

9.43%

 

 

WCS

Mar-23

-$25.27

-$24.01

5.01%

-$1.26

-$28.03

-9.85%

-$14.07

79.60%

 

 

LLS

Mar-23

$80.75

$79.60

1.43%

$1.15

$77.39

4.34%

$74.07

9.02%

 

 

Mars

Mar-23

$74.56

$73.96

0.80%

$0.60

$70.87

5.20%

$70.33

6.01%

 

 

Sour

Mar-23

$73.72

$70.85

3.89%

$2.87

$69.98

5.35%

$71.35

3.32%

 

 

ESPO

Mar-23

$81.52

$80.94

0.71%

$0.58

$77.67

4.96%

$74.52

9.40%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/12/23

1/11/23

% Change

Change

12/13/22

% Change

1/12/22

% Change

 

 

NY Heating Oil

Feb-23

$3.23

$3.28

-1.34%

-$0.04

$3.06

5.72%

$2.37

36.34%

 

 

NY Gasoline

Feb-23

$2.44

$2.44

0.16%

$0.00

$2.18

12.32%

$2.14

14.31%

 

 

GC Gasoline

Feb-23

$2.34

$2.34

0.17%

$0.00

$2.08

12.91%

$2.04

15.01%

 

 

GC Jet

Feb-23

$2.96

$2.94

0.68%

$0.02

$2.77

7.05%

$2.17

36.64%

 

 

Chicago Ethanol

Feb-23

$2.12

$2.08

1.97%

$0.04

$2.19

-3.15%

$1.89

12.28%

 

 

Rotterdam Gasoil

Feb-23

$859.36

$831.92

3.30%

$27.44

$798.97

7.56%

$629.48

36.52%

 

 

Singapore Jet Kero

Feb-23

$112.49

$107.74

4.41%

$4.75

$106.90

5.22%

$88.60

26.96%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/12/23

1/11/23

% Change

Change

12/13/22

% Change

1/12/22

% Change

 

 

Henry Hub Straddle

Feb-23

109.11%

102.24%

6.72%

6.87%

119.97%

-9.05%

48.15%

126.60%

 

 

Algonquin Straddle

Feb-23

132.54%

128.41%

3.22%

4.13%

129.42%

2.41%

81.97%

61.69%

 

 

Waha Straddle

Feb-23

133.02%

122.34%

8.73%

10.68%

160.99%

-17.37%

47.62%

179.34%

 

 

Chicago Straddle

Feb-23

103.23%

94.66%

9.05%

8.57%

110.57%

-6.64%

47.23%

118.57%

 

 

PJM West Straddle

Feb-23

150.61%

142.72%

5.53%

7.89%

147.62%

2.03%

55.56%

171.08%

 

 

SP – 15 Straddle

Feb-23

227.07%

289.52%

-21.57%

-62.45%

515.59%

-55.96%

24.88%

812.66%

 

 

Mid. C Straddle

Feb-23

241.32%

217.48%

10.96%

23.84%

426.42%

-43.41%

32.34%

646.20%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/12/23

1/11/23

% Change

Change

12/13/22

% Change

1/12/22

% Change

 

 

Dutch TTF

Feb-23

EUR 68.00

EUR 65.10

4.45%

EUR 2.90

EUR 139.05

-51.10%

EUR 67.63

0.55%

 

 

NBP

Feb-23

GBP 171.55

GBP 161.25

6.39%

GBP 10.30

GBP 347.05

-50.57%

GBP 177.23

-3.20%

 

 

German Base

Feb-23

EUR 162.65

EUR 156.95

3.63%

EUR 5.70

EUR 371.30

-56.19%

EUR 183.11

-11.17%

 

 

UK Base

Feb-23

GBP 163.52

GBP 168.48

-2.94%

-GBP 4.96

GBP 398.38

-58.95%

GBP 165.19

-1.01%

 

 

French Base

Feb-23

EUR 193.74

EUR 186.69

3.78%

EUR 7.05

EUR 488.76

-60.36%

EUR 214.38

-9.63%

 

 

Italian Base

Feb-23

EUR 198.23

EUR 186.93

6.04%

EUR 11.29

EUR 364.44

-45.61%

EUR 197.54

0.35%

 

 

JKM LNG

Feb-23

$27.32

$24.44

11.81%

$2.89

$36.46

-25.06%

$24.41

11.94%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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