Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-20-2023

Jan 20, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:23 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.307

$3.275

0.98%

$0.032

23,509

 

 

WTI

$79.26

$80.33

-1.33%

-$1.07

7,101

 

 

Brent

$84.90

$86.16

-1.46%

-$1.26

6,887

 

 

ULSD

$3.245

$3.376

-3.89%

-$0.131

4,405

 

 

RBOB

$2.543

$2.597

-2.08%

-$0.054

3,187

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.34

$5.55

-3.78%

-$0.21

Mar-23

 

 

3:2:1 Crack

$36.22

$38.21

-5.21%

-$1.99

Feb-23

 

 

PJM West Spark

$63.34

$67.02

-5.49%

-$3.68

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

 

 

 

 

01/19/18

 

 

 

1/13/23

1/6/23

Net Change

% Change

1/14/22

% Change

5 Year Avg.

% Change

 

 

East

662

700

-38

-5.43%

669

-1.05%

633

4.58%

 

 

Midwest

785

823

-38

-4.62%

770

1.95%

744

5.51%

 

 

Mountain

147

153

-6

-3.92%

151

-2.65%

149

-1.21%

 

 

Pacific

157

160

-3

-1.88%

201

-21.89%

223

-29.53%

 

 

South

1,069

1,067

2

0.19%

1,019

4.91%

937

14.04%

 

 

    Salt

307

295

12

4.07%

308

-0.32%

276

11.39%

 

 

    Non_Salt

762

772

-10

-1.30%

711

7.17%

662

15.14%

 

 

Total

2,820

2,902

-82

-2.83%

2,810

0.36%

2,686

4.97%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

1/19/23

1/18/23

% Change

Change

12/19/22

% Change

1/19/22

% Change

 

 

PJM West On Peak

Feb-23

$70.41

$74.02

-4.88%

-$3.61

$102.05

-31.01%

$72.22

-2.51%

 

 

ERCOT North On Peak

Feb-23

$48.75

$57.08

-14.58%

-$8.32

$79.79

-38.90%

$57.93

-15.85%

 

 

CAISO SP 15 On Peak

Feb-23

$154.38

$161.14

-4.19%

-$6.76

$113.82

35.64%

$57.64

167.83%

 

 

MISO Indiana On Peak

Feb-23

$61.77

$64.58

-4.35%

-$2.81

$82.41

-25.04%

$67.64

-8.68%

 

 

NEISO Mass On Peak

Feb-23

$113.89

$124.54

-8.55%

-$10.65

$205.34

-44.54%

$152.11

-25.13%

 

 

WECC Mid C On Peak

Feb-23

$153.97

$160.45

-4.04%

-$6.49

$132.66

16.06%

$57.39

168.27%

 

 

NYISO Zone G On Peak

Feb-23

$100.71

$111.13

-9.38%

-$10.42

$169.95

-40.74%

$101.67

-0.94%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/19/23

1/18/23

% Change

Change

12/19/22

% Change

1/19/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$3.275

$3.311

-1.09%

-$0.04

$5.71

-42.64%

$4.24

-22.67%

 

 

Houston Ship Channel

Feb-23

-$0.348

-$0.291

19.49%

-$0.06

-$0.06

481.30%

$0.24

-246.12%

 

 

Chicago

Feb-23

$1.402

$1.589

13.32%

-$0.19

$0.92

53.16%

$0.53

163.67%

 

 

Waha

Feb-23

-$0.570

-$0.549

-3.73%

-$0.02

-$0.11

408.48%

-$0.05

1116.88%

 

 

Algonquin

Feb-23

$10.448

$12.118

-13.78%

-$1.67

$24.50

-57.35%

$13.80

-24.29%

 

 

Aeco

Feb-23

-$0.219

-$0.409

-46.51%

$0.19

-$1.85

-88.16%

-$0.96

-77.14%

 

 

Socal

Feb-23

$14.653

$16.076

-8.85%

-$1.42

$5.22

180.60%

$0.90

1533.78%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/19/23

1/18/23

% Change

Change

12/19/22

% Change

1/19/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.914

$0.899

1.67%

$0.02

$0.72

27.01%

$1.00

-8.57%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.915

$0.891

2.66%

$0.02

$0.73

26.14%

$1.00

-8.44%

 

 

Mt. Belview Ethane

Feb-23

$0.251

$0.262

-4.00%

-$0.01

$0.37

-31.81%

$0.32

-22.05%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.750

$1.750

0.02%

$0.00

$1.39

25.75%

$1.71

2.49%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.178

$1.149

2.49%

$0.03

$0.90

31.04%

$1.12

5.15%

 

 

Conway Propane

Feb-23

$0.892

$0.891

0.18%

$0.00

$0.75

19.74%

$1.05

-15.21%

 

 

Conway Nat. Gasoline

Feb-23

$1.783

$1.795

-0.67%

-$0.01

$1.42

25.32%

$1.71

4.42%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/19/23

1/18/23

% Change

Change

12/19/22

% Change

1/19/22

% Change

 

 

WTI

Mar-23

$80.61

$79.80

1.00%

$0.81

$75.44

6.85%

$75.35

6.98%

 

 

Brent

Mar-23

$86.16

$84.98

1.37%

$1.18

$80.14

7.51%

$79.32

8.62%

 

 

WCS

Mar-23

-$23.55

-$23.48

0.33%

-$0.08

-$24.42

-3.53%

-$14.04

67.80%

 

 

LLS

Mar-23

$83.00

$84.71

-2.06%

-$1.71

$77.59

6.98%

$76.36

8.70%

 

 

Mars

Mar-23

$77.15

$76.12

1.33%

$1.03

$70.44

9.53%

$73.08

5.56%

 

 

Sour

Mar-23

$76.98

$75.50

1.91%

$1.47

$71.59

7.52%

$73.74

4.39%

 

 

ESPO

Mar-23

$84.49

$83.09

1.65%

$1.39

$77.26

9.36%

$77.09

9.60%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/19/23

1/18/23

% Change

Change

12/19/22

% Change

1/19/22

% Change

 

 

NY Heating Oil

Feb-23

$3.37

$3.26

3.37%

$0.11

$3.03

11.39%

$2.43

38.52%

 

 

NY Gasoline

Feb-23

$2.60

$2.56

1.37%

$0.04

$2.20

18.06%

$2.19

18.66%

 

 

GC Gasoline

Feb-23

$2.49

$2.46

1.42%

$0.03

$2.10

18.92%

$2.09

19.55%

 

 

GC Jet

Feb-23

$3.33

$2.97

11.99%

$0.36

$2.66

25.08%

$2.32

43.67%

 

 

Chicago Ethanol

Feb-23

$2.16

$2.16

-0.23%

$0.00

$2.18

-0.87%

$1.94

11.46%

 

 

Rotterdam Gasoil

Feb-23

$885.46

$895.51

-1.12%

-$10.05

$824.90

7.34%

$646.14

37.04%

 

 

Singapore Jet Kero

Feb-23

$120.42

$118.38

1.72%

$2.04

$107.69

11.82%

$93.82

28.36%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/19/23

1/18/23

% Change

Change

12/19/22

% Change

1/19/22

% Change

 

 

Henry Hub Straddle

Mar-23

102.24%

106.49%

-3.99%

-4.25%

124.65%

-17.98%

56.69%

80.35%

 

 

Algonquin Straddle

Mar-23

144.21%

133.28%

8.20%

10.93%

155.94%

-7.52%

93.46%

54.30%

 

 

Waha Straddle

Mar-23

300.77%

318.50%

-5.57%

-17.73%

237.77%

26.50%

65.21%

361.23%

 

 

Chicago Straddle

Mar-23

110.76%

118.62%

-6.63%

-7.86%

123.07%

-10.00%

58.63%

88.91%

 

 

PJM West Straddle

Mar-23

93.79%

92.27%

1.65%

1.52%

87.85%

6.76%

38.78%

141.85%

 

 

SP – 15 Straddle

Mar-23

141.09%

48.92%

188.41%

92.17%

113.86%

23.92%

22.16%

536.69%

 

 

Mid. C Straddle

Mar-23

118.90%

125.67%

-5.39%

-6.77%

333.64%

-64.36%

33.35%

256.52%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/19/23

1/18/23

% Change

Change

12/19/22

% Change

1/19/22

% Change

 

 

Dutch TTF

Mar-23

EUR 62.56

EUR 63.01

-0.71%

-EUR 0.44

EUR 108.00

-42.07%

EUR 58.20

7.50%

 

 

NBP

Mar-23

GBP 153.45

GBP 158.00

-2.88%

-GBP 4.55

GBP 272.28

-43.64%

GBP 150.21

2.16%

 

 

German Base

Mar-23

EUR 147.75

EUR 147.23

0.35%

EUR 0.52

EUR 271.20

-45.52%

EUR 154.32

-4.25%

 

 

UK Base

Mar-23

GBP 149.79

GBP 150.88

-0.73%

-GBP 1.09

GBP 265.24

-43.53%

GBP 154.71

-3.18%

 

 

French Base

Mar-23

EUR 163.08

EUR 164.10

-0.62%

-EUR 1.02

EUR 300.47

-45.73%

EUR 197.63

-17.49%

 

 

Italian Base

Mar-23

EUR 174.16

EUR 179.72

-3.09%

-EUR 5.56

EUR 266.99

-34.77%

EUR 162.88

6.92%

 

 

JKM LNG

Mar-23

$23.76

$25.01

-5.00%

-$1.25

$35.61

-33.27%

$21.71

9.47%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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