Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-18-2023

Jan 18, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.422

$3.586

-4.57%

-$0.164

24,807

 

 

WTI

$81.42

$80.18

1.55%

$1.24

19,826

 

 

Brent

$86.99

$85.92

1.25%

$1.07

8,308

 

 

ULSD

$3.282

$3.251

0.96%

$0.031

3,706

 

 

RBOB

$2.578

$2.545

1.28%

$0.033

3,164

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.31

$5.47

-2.93%

-$0.16

Mar-23

 

 

3:2:1 Crack

$35.56

$35.44

0.34%

$0.12

Feb-23

 

 

PJM West Spark

$78.72

$68.82

14.40%

$9.91

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

1/17/23

1/13/23

% Change

Change

12/15/22

% Change

1/14/22

% Change

 

 

PJM West On Peak

Feb-23

$86.06

$76.49

12.52%

$9.58

$123.15

-30.11%

$74.46

15.58%

 

 

ERCOT North On Peak

Feb-23

$63.61

$68.41

-7.01%

-$4.80

$102.75

-38.09%

$61.78

2.97%

 

 

CAISO SP 15 On Peak

Feb-23

$157.77

$196.17

-19.58%

-$38.41

$115.65

36.41%

$58.69

168.81%

 

 

MISO Indiana On Peak

Feb-23

$74.25

$65.43

13.48%

$8.82

$103.32

-28.14%

$70.83

4.83%

 

 

NEISO Mass On Peak

Feb-23

$139.36

$128.19

8.71%

$11.17

$263.90

-47.19%

$159.65

-12.71%

 

 

WECC Mid C On Peak

Feb-23

$159.66

$190.72

-16.28%

-$31.05

$142.26

12.23%

$59.68

167.55%

 

 

NYISO Zone G On Peak

Feb-23

$122.48

$109.07

12.30%

$13.42

$210.43

-41.79%

$105.80

15.76%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/17/23

1/13/23

% Change

Change

12/15/22

% Change

1/14/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$3.586

$3.419

4.88%

$0.17

$6.59

-45.58%

$4.35

-17.64%

 

 

Houston Ship Channel

Feb-23

-$0.153

-$0.001

12616.67%

-$0.15

$0.23

-166.58%

$0.24

-162.64%

 

 

Chicago

Feb-23

$1.313

$1.780

35.58%

-$0.47

$0.91

45.02%

$0.55

136.57%

 

 

Waha

Feb-23

-$0.277

-$0.151

-83.95%

-$0.13

$0.28

-199.43%

-$0.07

317.14%

 

 

Algonquin

Feb-23

$11.364

$12.259

-7.30%

-$0.90

$26.08

-56.43%

$14.72

-22.80%

 

 

Aeco

Feb-23

-$0.307

-$0.411

-25.19%

$0.10

-$1.66

-81.50%

-$0.99

-68.86%

 

 

Socal

Feb-23

$12.974

$9.350

38.76%

$3.62

$5.15

151.97%

$1.04

1149.88%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/17/23

1/13/23

% Change

Change

12/15/22

% Change

1/14/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.872

$0.840

3.83%

$0.03

$0.73

19.05%

$1.00

-12.52%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.867

$0.831

4.35%

$0.04

$0.74

16.61%

$0.98

-11.16%

 

 

Mt. Belview Ethane

Feb-23

$0.264

$0.244

8.52%

$0.02

$0.39

-32.12%

$0.33

-18.70%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.794

$1.746

2.76%

$0.05

$1.43

25.53%

$1.60

12.04%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.128

$1.102

2.36%

$0.03

$0.90

25.69%

$1.13

-0.36%

 

 

Conway Propane

Feb-23

$0.847

$0.817

3.63%

$0.03

$0.76

11.29%

$1.03

-17.62%

 

 

Conway Nat. Gasoline

Feb-23

$1.806

$1.766

2.28%

$0.04

$1.45

24.53%

$1.67

8.33%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/17/23

1/13/23

% Change

Change

12/15/22

% Change

1/14/22

% Change

 

 

WTI

Mar-23

$80.45

$80.11

0.42%

$0.34

$76.12

5.69%

$73.77

9.06%

 

 

Brent

Mar-23

$85.92

$85.28

0.74%

$0.64

$81.32

5.66%

$77.73

10.54%

 

 

WCS

Mar-23

-$22.17

-$23.30

-5.10%

$1.13

-$22.92

-3.29%

-$13.62

62.76%

 

 

LLS

Mar-23

$83.29

$81.40

2.27%

$1.89

$77.68

7.22%

$74.70

11.50%

 

 

Mars

Mar-23

$77.09

$75.72

1.77%

$1.36

$72.03

7.03%

$71.27

8.16%

 

 

Sour

Mar-23

$77.56

$75.96

2.06%

$1.60

$71.49

8.50%

$72.04

7.65%

 

 

ESPO

Mar-23

$84.32

$82.73

1.89%

$1.60

$78.72

7.11%

$75.28

12.01%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/17/23

1/13/23

% Change

Change

12/15/22

% Change

1/14/22

% Change

 

 

NY Heating Oil

Feb-23

$3.28

$3.26

0.34%

$0.01

$3.21

1.96%

$2.40

36.40%

 

 

NY Gasoline

Feb-23

$2.55

$2.53

0.63%

$0.02

$2.18

16.58%

$2.16

17.55%

 

 

GC Gasoline

Feb-23

$2.44

$2.43

0.66%

$0.02

$2.08

17.38%

$2.07

18.40%

 

 

GC Jet

Feb-23

$2.92

$3.34

-12.51%

-$0.42

$2.82

3.73%

$2.18

33.85%

 

 

Chicago Ethanol

Feb-23

$2.20

$2.19

0.41%

$0.01

$2.12

3.68%

$1.87

17.46%

 

 

Rotterdam Gasoil

Feb-23

$878.92

$872.62

0.72%

$6.30

$877.44

0.17%

$628.93

39.75%

 

 

Singapore Jet Kero

Feb-23

$115.39

$113.23

1.90%

$2.16

$114.63

0.66%

$91.11

26.64%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/17/23

1/13/23

% Change

Change

12/15/22

% Change

1/14/22

% Change

 

 

Henry Hub Straddle

Mar-23

98.49%

108.68%

-9.38%

-10.19%

101.80%

-3.25%

47.75%

106.26%

 

 

Algonquin Straddle

Mar-23

116.52%

140.08%

-16.82%

-23.56%

141.54%

-17.68%

83.76%

39.11%

 

 

Waha Straddle

Mar-23

307.31%

313.00%

-1.82%

-5.69%

215.59%

42.54%

53.95%

469.62%

 

 

Chicago Straddle

Mar-23

106.06%

118.92%

-10.81%

-12.86%

102.83%

3.14%

49.14%

115.83%

 

 

PJM West Straddle

Mar-23

96.46%

99.00%

-2.57%

-2.54%

85.60%

12.69%

37.72%

155.73%

 

 

SP – 15 Straddle

Mar-23

428.18%

157.70%

171.52%

270.48%

106.30%

302.80%

22.74%

1782.94%

 

 

Mid. C Straddle

Mar-23

118.62%

145.07%

-18.23%

-26.45%

306.52%

-61.30%

34.82%

240.67%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/17/23

1/13/23

% Change

Change

12/15/22

% Change

1/14/22

% Change

 

 

Dutch TTF

Mar-23

EUR 59.80

EUR 63.60

-5.97%

-EUR 3.80

EUR 135.46

-55.85%

EUR 62.11

-3.72%

 

 

NBP

Mar-23

GBP 149.74

GBP 159.50

-6.12%

-GBP 9.76

GBP 338.50

-55.76%

GBP 162.38

-7.78%

 

 

German Base

Mar-23

EUR 148.65

EUR 159.29

-6.68%

-EUR 10.64

EUR 305.17

-51.29%

EUR 159.85

-7.00%

 

 

UK Base

Mar-23

GBP 151.59

GBP 164.10

-7.62%

-GBP 12.51

GBP 282.35

-46.31%

GBP 161.77

-6.29%

 

 

French Base

Mar-23

EUR 168.18

EUR 177.91

-5.47%

-EUR 9.73

EUR 326.88

-48.55%

EUR 211.78

-20.59%

 

 

Italian Base

Mar-23

EUR 180.37

EUR 180.73

-0.20%

-EUR 0.35

EUR 323.39

-44.22%

EUR 185.84

-2.94%

 

 

JKM LNG

Mar-23

$24.40

$26.22

-6.96%

-$1.83

$37.92

-35.66%

$25.48

-4.26%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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