Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jan-27-2023

Jan 27, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:36 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.909

$2.944

-1.19%

-$0.035

1,319

 

 

WTI

$82.03

$81.01

1.26%

$1.02

105,988

 

 

Brent

$88.79

$87.47

1.51%

$1.32

2,770

 

 

ULSD

$3.394

$3.397

-0.08%

-$0.003

2,024

 

 

RBOB

$2.632

$2.612

0.75%

$0.020

1,598

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.75

$6.46

4.49%

$0.29

Mar-23

 

 

3:2:1 Crack

$37.91

$38.39

-1.26%

-$0.48

Mar-23

 

 

PJM West Spark

$49.05

$54.39

-9.82%

-$5.34

Feb-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

01/20/23

771

-4

167

01/14/22

 

 

Canada

01/20/23

241

14

29

01/14/22

 

 

International

Dec

900

-10

66

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/17/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

95,947

95,578

95,783

-205

 

 

PJM West Off Peak

89,360

88,962

89,062

-100

 

 

Natural Gas Henry Hub

449,741

429,805

439,061

-9,256

 

 

WTI – Light Sweet Crude Futures

277,823

211,262

214,265

-3,003

 

 

Brent Crude Last Day

154,386

146,120

148,804

-2,684

 

 

NYM Ethanol

22,780

22,120

22,402

-282

 

 

Mt Belvieu LDH Propane Swap

136,125

135,059

135,834

-775

 

 

RBOB

290,453

268,150

275,695

-7,545

 

 

HSC Basis

522,312

517,709

514,030

3,679

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

01/26/18

 

 

 

1/20/23

1/13/23

Net Change

% Change

1/21/22

% Change

5 Year Avg.

% Change

 

 

East

622

662

-40

-6.04%

609

2.13%

588

5.78%

 

 

Midwest

749

785

-36

-4.59%

701

6.85%

689

8.74%

 

 

Mountain

140

147

-7

-4.76%

143

-2.10%

141

-0.99%

 

 

Pacific

150

157

-7

-4.46%

201

-25.37%

217

-30.81%

 

 

South

1,067

1,069

-2

-0.19%

938

13.75%

887

20.24%

 

 

    Salt

310

307

3

0.98%

279

11.11%

262

18.23%

 

 

    Non_Salt

757

762

-5

-0.66%

658

15.05%

625

21.12%

 

 

Total

2,729

2,820

-91

-3.23%

2,591

5.33%

2,522

8.19%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

1/26/23

1/25/23

% Change

Change

12/27/22

% Change

1/26/22

% Change

 

 

PJM West On Peak

Feb-23

$55.27

$60.68

-8.92%

-$5.41

$102.60

-46.13%

$73.89

-25.20%

 

 

ERCOT North On Peak

Feb-23

$42.80

$48.19

-11.19%

-$5.40

$86.78

-50.68%

$60.11

-28.79%

 

 

CAISO SP 15 On Peak

Feb-23

$107.02

$140.76

-23.97%

-$33.74

$223.90

-52.20%

$60.59

76.64%

 

 

MISO Indiana On Peak

Feb-23

$52.14

$58.71

-11.19%

-$6.57

$86.97

-40.05%

$69.27

-24.72%

 

 

NEISO Mass On Peak

Feb-23

$96.42

$110.87

-13.03%

-$14.45

$208.00

-53.65%

$168.70

-42.85%

 

 

WECC Mid C On Peak

Feb-23

$122.24

$152.98

-20.09%

-$30.74

$222.32

-45.02%

$58.21

110.02%

 

 

NYISO Zone G On Peak

Feb-23

$80.39

$88.47

-9.14%

-$8.08

$178.77

-55.03%

$106.13

-24.25%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

1/26/23

1/25/23

% Change

Change

12/27/22

% Change

1/26/22

% Change

 

 

NYMEX Henry Hub

Feb-23

$2.944

$3.067

-4.01%

-$0.12

$5.12

-42.48%

$4.37

-32.65%

 

 

Houston Ship Channel

Feb-23

-$0.476

-$0.418

13.88%

-$0.06

-$0.20

134.15%

$0.21

-324.65%

 

 

Chicago

Feb-23

$1.228

$1.688

37.45%

-$0.46

$0.90

36.79%

$0.51

138.43%

 

 

Waha

Feb-23

-$0.657

-$0.731

-10.15%

$0.07

-$0.16

318.48%

-$0.04

1525.25%

 

 

Algonquin

Feb-23

$7.796

$9.384

-16.92%

-$1.59

$18.64

-58.17%

$15.07

-48.26%

 

 

Aeco

Feb-23

$0.010

-$0.117

-108.96%

$0.13

-$0.79

-101.32%

-$0.91

-101.16%

 

 

Socal

Feb-23

$9.911

$13.371

-25.88%

-$3.46

$15.96

-37.91%

$0.93

960.98%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

1/26/23

1/25/23

% Change

Change

12/27/22

% Change

1/26/22

% Change

 

 

Mt. Belvieu Propane LST

Feb-23

$0.942

$0.932

1.08%

$0.01

$0.78

20.79%

$1.02

-7.84%

 

 

Mt. Belvieu Propane non LST

Feb-23

$0.947

$0.950

-0.30%

$0.00

$0.77

22.99%

$1.04

-8.75%

 

 

Mt. Belview Ethane

Feb-23

$0.270

$0.258

4.83%

$0.01

$0.32

-16.70%

$0.34

-20.28%

 

 

Mt. Belview Nat. Gasoline

Feb-23

$1.786

$1.761

1.40%

$0.02

$1.55

15.44%

$1.72

3.78%

 

 

Mt. Belvieu Butane LST

Feb-23

$1.175

$1.154

1.80%

$0.02

$0.95

23.81%

$1.18

-0.63%

 

 

Conway Propane

Feb-23

$0.924

$0.911

1.52%

$0.01

$0.79

17.67%

$1.08

-14.59%

 

 

Conway Nat. Gasoline

Feb-23

$1.778

$1.844

-3.60%

-$0.07

$1.61

10.66%

$1.82

-2.12%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

1/26/23

1/25/23

% Change

Change

12/27/22

% Change

1/26/22

% Change

 

 

WTI

Mar-23

$81.01

$80.15

1.06%

$0.86

$79.64

1.72%

$76.37

6.08%

 

 

Brent

Mar-23

$87.47

$86.12

1.54%

$1.35

$84.68

3.29%

$80.08

9.23%

 

 

WCS

Mar-23

-$23.99

-$23.30

2.87%

-$0.69

-$27.22

-11.88%

-$13.70

75.13%

 

 

LLS

Mar-23

$84.17

$82.60

1.87%

$1.57

$81.04

3.86%

$75.78

11.07%

 

 

Mars

Mar-23

$78.62

$77.88

0.94%

$0.74

$74.79

5.12%

$72.37

8.63%

 

 

Sour

Mar-23

$78.59

$77.67

1.17%

$0.92

$76.66

2.51%

$74.81

5.05%

 

 

ESPO

Mar-23

$85.17

$84.67

0.59%

$0.50

$82.96

2.66%

$76.28

11.65%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

1/26/23

1/25/23

% Change

Change

12/27/22

% Change

1/26/22

% Change

 

 

NY Heating Oil

Feb-23

$2.64

$3.36

-21.62%

-$0.73

$3.34

-21.17%

$2.46

6.94%

 

 

NY Gasoline

Feb-23

$2.62

$2.60

0.50%

$0.01

$2.38

9.97%

$2.20

18.65%

 

 

GC Gasoline

Feb-23

$2.52

$2.50

0.52%

$0.01

$2.28

10.40%

$2.10

19.53%

 

 

GC Jet

Feb-23

$3.23

$4.13

-21.75%

-$0.90

$2.96

9.22%

$2.30

40.49%

 

 

Chicago Ethanol

Feb-23

$2.16

$2.14

0.84%

$0.02

$2.28

-5.05%

$1.79

20.60%

 

 

Rotterdam Gasoil

Feb-23

$908.39

$901.90

0.72%

$6.49

$897.03

1.27%

$655.38

38.61%

 

 

Singapore Jet Kero

Feb-23

$121.41

$121.48

-0.05%

-$0.06

$114.33

6.20%

$93.84

29.38%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

1/26/23

1/25/23

% Change

Change

12/27/22

% Change

1/26/22

% Change

 

 

Henry Hub Straddle

Mar-23

91.30%

91.09%

0.23%

0.21%

97.11%

-5.98%

51.92%

75.85%

 

 

Algonquin Straddle

Mar-23

126.77%

131.26%

-3.42%

-4.49%

153.70%

-17.52%

77.57%

63.43%

 

 

Waha Straddle

Mar-23

258.53%

265.72%

-2.71%

-7.19%

203.04%

27.33%

64.23%

302.51%

 

 

Chicago Straddle

Mar-23

104.05%

107.19%

-2.93%

-3.14%

103.78%

0.26%

51.32%

102.75%

 

 

PJM West Straddle

Mar-23

98.34%

101.13%

-2.76%

-2.79%

84.01%

17.06%

38.72%

153.98%

 

 

SP – 15 Straddle

Mar-23

207.12%

146.85%

41.04%

60.27%

133.21%

55.48%

22.95%

802.48%

 

 

Mid. C Straddle

Mar-23

126.06%

135.09%

-6.68%

-9.03%

386.92%

-67.42%

34.59%

264.44%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

1/26/23

1/25/23

% Change

Change

12/27/22

% Change

1/26/22

% Change

 

 

Dutch TTF

Mar-23

EUR 54.63

EUR 58.37

-6.42%

-EUR 3.74

EUR 84.21

-35.14%

EUR 79.22

-31.05%

 

 

NBP

Mar-23

GBP 138.00

GBP 146.44

-5.76%

-GBP 8.44

GBP 205.45

-32.83%

GBP 203.84

-32.30%

 

 

German Base

Mar-23

EUR 128.89

EUR 126.00

2.29%

EUR 2.89

EUR 220.74

-41.61%

EUR 194.04

-33.58%

 

 

UK Base

Mar-23

GBP 137.29

GBP 138.58

-0.93%

-GBP 1.29

GBP 199.91

-31.33%

GBP 194.77

-29.51%

 

 

French Base

Mar-23

EUR 144.00

EUR 140.99

2.13%

EUR 3.01

EUR 243.00

-40.74%

EUR 239.11

-39.78%

 

 

Italian Base

Mar-23

EUR 157.45

EUR 158.87

-0.89%

-EUR 1.42

EUR 241.49

-34.80%

EUR 206.17

-23.63%

 

 

JKM LNG

Mar-23

$23.06

$23.09

-0.10%

-$0.02

$30.52

-24.43%

$30.06

-23.28%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

01/21/2023

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

4

-4

2

18

-5

-4

NA

NA

 

 

E S Central

0

-2

0

2

-4

-2

NA

NA

 

 

W S Central

6

2

5

17

8

10

NA

NA

 

 

Mountain

0

0

0

0

0

0

NA

NA

 

 

Pacific

0

-1

0

0

-1

0

NA

NA

 

 

United States

1

-1

1

5

-1

0

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/21/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

220

-64

-92

2,790

-514

-66

NA

NA

 

 

Middle Atlantic

204

-60

-83

2,577

-396

114

NA

NA

 

 

E N Central

208

-89

-94

3,002

-353

180

NA

NA

 

 

W N Central

231

-86

-93

3,411

-232

336

NA

NA

 

 

South Atlantic

114

-33

-45

1,386

-134

164

NA

NA

 

 

E S Central

124

-63

-79

1,754

-216

167

NA

NA

 

 

W S Central

77

-58

-62

1,161

-152

276

NA

NA

 

 

Mountain

227

12

32

2,773

-28

440

NA

NA

 

 

Pacific

153

26

49

1,664

21

152

NA

NA

 

 

United States

165

-44

-48

2,155

-208

189

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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