Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-17-2023

Jan 17, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:27 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.737

$3.419

9.30%

$0.318

65,238

 

 

WTI

$80.86

$79.86

1.25%

$1.00

173,367

 

 

Brent

$86.37

$85.28

1.28%

$1.09

21,886

 

 

ULSD

$3.289

$3.256

1.00%

$0.033

18,165

 

 

RBOB

$2.562

$2.533

1.16%

$0.029

13,476

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.22

$5.17

0.97%

$0.05

Mar-23

 

 

3:2:1 Crack

$35.69

$35.30

1.10%

$0.39

Feb-23

 

 

PJM West Spark

$68.51

$82.25

-16.70%

-$13.73

Feb-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

01/13/23

775

3

174

01/14/22

 

 

Canada

01/13/23

227

38

36

01/14/22

 

 

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

1/13/23

1/12/23

% Change

Change

12/14/22

% Change

1/13/22

% Change

 

 

PJM West On Peak

Feb-23

$76.49

$89.56

-14.60%

-$13.07

$112.69

-32.13%

$73.89

3.52%

 

 

ERCOT North On Peak

Feb-23

$68.41

$65.81

3.95%

$2.60

$100.61

-32.00%

$62.43

9.58%

 

 

CAISO SP 15 On Peak

Feb-23

$196.17

$184.61

6.26%

$11.56

$108.78

80.34%

$58.33

236.31%

 

 

MISO Indiana On Peak

Feb-23

$65.43

$76.81

-14.81%

-$11.38

$95.44

-31.44%

$70.75

-7.52%

 

 

NEISO Mass On Peak

Feb-23

$128.19

$148.08

-13.43%

-$19.89

$253.59

-49.45%

$144.39

-11.22%

 

 

WECC Mid C On Peak

Feb-23

$190.72

$174.23

9.46%

$16.49

$130.85

45.75%

$59.88

218.48%

 

 

NYISO Zone G On Peak

Feb-23

$109.07

$129.69

-15.90%

-$20.63

$193.66

-43.68%

$103.26

5.62%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/13/23

1/12/23

% Change

Change

12/14/22

% Change

1/13/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$3.419

$3.695

-7.47%

-$0.28

$6.22

-45.03%

$4.29

-20.34%

 

 

Houston Ship Channel

Feb-23

-$0.001

$0.003

-135.29%

$0.00

$0.41

-100.30%

$0.24

-100.50%

 

 

Chicago

Feb-23

$1.780

$1.498

-15.83%

$0.28

$0.96

84.94%

$0.58

209.14%

 

 

Waha

Feb-23

-$0.151

-$0.221

-31.92%

$0.07

$0.61

-124.79%

-$0.05

182.93%

 

 

Algonquin

Feb-23

$12.259

$12.129

1.07%

$0.13

$24.70

-50.36%

$14.17

-13.47%

 

 

Aeco

Feb-23

-$0.411

-$0.470

-12.67%

$0.06

-$1.81

-77.29%

-$0.96

-57.11%

 

 

Socal

Feb-23

$9.350

$16.144

-42.08%

-$6.79

$4.76

96.54%

$1.04

794.80%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/13/23

1/12/23

% Change

Change

12/14/22

% Change

1/13/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.840

$0.830

1.21%

$0.01

$0.75

11.94%

$1.00

-15.69%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.831

$0.822

1.08%

$0.01

$0.75

10.46%

$1.00

-16.64%

 

 

Mt. Belview Ethane

Feb-23

$0.244

$0.268

-9.10%

-$0.02

$0.39

-37.32%

$0.32

-23.47%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.746

$1.733

0.74%

$0.01

$1.46

19.63%

$1.63

6.86%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.102

$1.117

-1.36%

-$0.02

$0.92

19.92%

$1.11

-1.11%

 

 

Conway Propane

Feb-23

$0.817

$0.816

0.21%

$0.00

$0.78

4.13%

$1.05

-21.85%

 

 

Conway Nat. Gasoline

Feb-23

$1.766

$1.709

3.33%

$0.06

$1.47

20.02%

$1.68

5.21%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/13/23

1/12/23

% Change

Change

12/14/22

% Change

1/13/22

% Change

 

 

WTI

Mar-23

$80.11

$78.65

1.82%

$1.46

$77.33

3.59%

$72.81

10.03%

 

 

Brent

Mar-23

$85.28

$84.03

1.47%

$1.25

$82.75

3.06%

$76.65

11.26%

 

 

WCS

Mar-23

-$23.30

-$25.27

-8.48%

$1.97

-$23.38

-0.37%

-$14.01

66.31%

 

 

LLS

Mar-23

$81.40

$80.75

0.80%

$0.65

$78.89

3.18%

$73.82

10.26%

 

 

Mars

Mar-23

$75.72

$74.56

1.55%

$1.17

$72.80

4.02%

$70.62

7.23%

 

 

Sour

Mar-23

$75.96

$73.72

2.95%

$2.24

$71.79

5.81%

$71.27

6.58%

 

 

ESPO

Mar-23

$82.73

$81.52

1.45%

$1.20

$79.57

3.96%

$74.78

10.63%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/13/23

1/12/23

% Change

Change

12/14/22

% Change

1/13/22

% Change

 

 

NY Heating Oil

Feb-23

$3.26

$3.23

0.93%

$0.03

$3.22

1.37%

$2.38

37.20%

 

 

NY Gasoline

Feb-23

$2.53

$2.44

3.48%

$0.09

$2.25

12.20%

$2.14

18.34%

 

 

GC Gasoline

Feb-23

$2.43

$2.34

3.63%

$0.08

$2.15

12.77%

$2.04

19.24%

 

 

GC Jet

Feb-23

$3.34

$2.96

12.80%

$0.38

$2.80

19.41%

$2.14

55.78%

 

 

Chicago Ethanol

Feb-23

$2.19

$2.12

3.30%

$0.07

$2.15

1.76%

$1.87

16.98%

 

 

Rotterdam Gasoil

Feb-23

$872.62

$859.36

1.54%

$13.27

$853.83

2.20%

$621.78

40.34%

 

 

Singapore Jet Kero

Feb-23

$113.23

$112.49

0.66%

$0.74

$110.00

2.94%

$89.48

26.54%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/13/23

1/12/23

% Change

Change

12/14/22

% Change

1/13/22

% Change

 

 

Henry Hub Straddle

Feb-23

120.38%

109.11%

10.33%

11.27%

138.47%

-13.06%

56.57%

112.80%

 

 

Algonquin Straddle

Feb-23

139.06%

132.54%

4.92%

6.52%

137.86%

0.87%

93.03%

49.48%

 

 

Waha Straddle

Feb-23

141.49%

133.02%

6.37%

8.47%

188.29%

-24.86%

56.02%

152.57%

 

 

Chicago Straddle

Feb-23

110.86%

103.23%

7.39%

7.63%

126.98%

-12.69%

55.19%

100.87%

 

 

PJM West Straddle

Feb-23

144.31%

150.61%

-4.18%

-6.30%

143.24%

0.75%

54.33%

165.62%

 

 

SP – 15 Straddle

Feb-23

407.09%

227.07%

79.28%

180.02%

235.59%

72.80%

22.08%

1743.70%

 

 

Mid. C Straddle

Feb-23

264.18%

241.32%

9.47%

22.86%

196.64%

34.35%

33.75%

682.76%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/13/23

1/12/23

% Change

Change

12/14/22

% Change

1/13/22

% Change

 

 

Dutch TTF

Feb-23

EUR 63.00

EUR 68.00

-7.35%

-EUR 5.00

EUR 132.60

-52.49%

EUR 63.63

-0.99%

 

 

NBP

Feb-23

GBP 159.00

GBP 171.55

-7.32%

-GBP 12.55

GBP 330.25

-51.85%

GBP 167.25

-4.94%

 

 

German Base

Feb-23

EUR 163.50

EUR 162.65

0.52%

EUR 0.85

EUR 352.77

-53.65%

EUR 167.31

-2.28%

 

 

UK Base

Feb-23

GBP 165.57

GBP 163.52

1.25%

GBP 2.04

GBP 340.46

-51.37%

GBP 155.27

6.63%

 

 

French Base

Feb-23

EUR 197.62

EUR 193.74

2.00%

EUR 3.88

EUR 437.41

-54.82%

EUR 213.35

-7.37%

 

 

Italian Base

Feb-23

EUR 190.96

EUR 198.23

-3.67%

-EUR 7.27

EUR 358.25

-46.70%

EUR 184.01

3.78%

 

 

JKM LNG

Feb-23

$26.22

$27.32

-4.03%

-$1.10

$37.27

-29.65%

$22.93

14.38%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

01/14/2023

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

3

-5

-4

14

-1

-6

NA

NA

 

 

E S Central

0

-2

0

1

-3

-2

NA

NA

 

 

W S Central

4

1

3

11

5

5

NA

NA

 

 

Mountain

0

0

0

0

0

0

NA

NA

 

 

Pacific

0

0

0

0

0

0

NA

NA

 

 

United States

1

-1

0

4

0

-1

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/14/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

231

-51

-58

2,570

-450

25

NA

NA

 

 

Middle Atlantic

211

-51

-59

2,373

-336

197

NA

NA

 

 

E N Central

225

-71

-56

2,794

-265

274

NA

NA

 

 

W N Central

258

-60

-18

3,180

-147

428

NA

NA

 

 

South Atlantic

125

-21

-16

1,272

-101

209

NA

NA

 

 

E S Central

137

-51

-38

1,630

-154

245

NA

NA

 

 

W S Central

83

-54

-14

1,084

-94

338

NA

NA

 

 

Mountain

183

-36

-1

2,546

-40

408

NA

NA

 

 

Pacific

115

-16

14

1,512

-4

103

NA

NA

 

 

United States

166

-43

-26

1,990

-164

237

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.

pdf icon All_Products_20230117.pdf