Morning Report: Gas * Power * NGL * Crude * Products * Vols — Mar-01-2023

Mar 1, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:13 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.723

$2.747

-0.87%

-$0.024

48,116

 

 

WTI

$76.53

$77.05

-0.67%

-$0.52

138,863

 

 

Brent

$83.12

$83.89

-0.92%

-$0.77

11,150

 

 

ULSD

$2.838

$2.821

0.59%

$0.017

11,858

 

 

RBOB

$2.633

$2.434

8.15%

$0.199

9,784

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.43

$6.26

2.72%

$0.17

May-23

 

 

3:2:1 Crack

$35.64

$35.06

1.64%

$0.57

Apr-23

 

 

PJM West Spark

NA

NA

NA

NA

Mar-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/24/23

753

-7

103

02/25/22

 

 

Canada

02/24/23

244

-4

20

02/25/22

 

 

International

Jan

901

1

60

Jan

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/24/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,035

95,644

95,871

-227

 

 

PJM West Off Peak

87,641

87,239

87,353

-114

 

 

Natural Gas Henry Hub

451,692

429,931

441,012

-11,081

 

 

WTI – Light Sweet Crude Futures

147,592

110,044

113,781

-3,737

 

 

Brent Crude Last Day

160,969

152,193

155,194

-3,001

 

 

NYM Ethanol

25,088

24,363

24,610

-247

 

 

Mt Belvieu LDH Propane Swap

139,408

138,186

138,760

-574

 

 

RBOB

318,554

295,300

304,258

-8,958

 

 

HSC Basis

539,877

535,221

531,339

3,882

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

02/23/18

 

 

 

2/17/23

2/10/23

Net Change

% Change

2/18/22

% Change

5 Year Avg.

% Change

 

 

East

479

498

-19

-3.82%

396

20.96%

408

17.40%

 

 

Midwest

575

601

-26

-4.33%

450

27.78%

466

23.28%

 

 

Mountain

106

114

-8

-7.02%

105

0.95%

103

2.51%

 

 

Pacific

108

122

-14

-11.48%

176

-38.64%

180

-40.07%

 

 

South

926

931

-5

-0.54%

655

41.37%

671

38.00%

 

 

    Salt

262

262

0

0.00%

168

55.95%

189

38.77%

 

 

    Non_Salt

664

670

-6

-0.90%

487

36.34%

483

37.59%

 

 

Total

2,195

2,266

-71

-3.13%

1,782

23.18%

1,829

20.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

2/28/23

2/27/23

% Change

Change

1/30/23

% Change

2/28/22

% Change

 

 

PJM West On Peak

Mar-23

$40.18

$41.36

-2.86%

-$1.18

$42.10

-4.55%

$56.38

-28.73%

 

 

ERCOT North On Peak

Mar-23

$28.20

$28.43

-0.82%

-$0.23

$37.46

-24.74%

$47.58

-40.74%

 

 

CAISO SP 15 On Peak

Mar-23

$75.12

$68.01

10.46%

$7.11

$42.88

75.20%

$46.55

61.39%

 

 

MISO Indiana On Peak

Mar-23

$38.73

$41.71

-7.15%

-$2.98

$40.46

-4.29%

$54.40

-28.81%

 

 

NEISO Mass On Peak

Mar-23

$62.67

$63.49

-1.29%

-$0.82

$62.29

0.61%

$88.21

-28.96%

 

 

WECC Mid C On Peak

Mar-23

$105.96

$92.53

14.52%

$13.43

$58.57

80.91%

$42.08

151.83%

 

 

NYISO Zone G On Peak

Mar-23

$50.08

$48.96

2.29%

$1.12

$49.16

1.87%

$78.13

-35.90%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/28/23

2/27/23

% Change

Change

1/30/23

% Change

2/28/22

% Change

 

 

NYMEX Henry Hub

Apr-23

$2.747

$2.731

0.59%

$0.02

$2.73

0.59%

$3.39

-18.87%

 

 

Houston Ship Channel

Apr-23

-$0.334

-$0.382

-12.60%

$0.05

-$0.37

-8.83%

-$0.18

85.60%

 

 

Chicago

Apr-23

$0.011

-$0.002

-122.32%

$0.01

$0.02

-53.14%

-$0.20

-105.67%

 

 

Waha

Apr-23

-$1.235

-$1.305

-5.35%

$0.07

-$1.66

-25.55%

-$2.11

-41.46%

 

 

Algonquin

Apr-23

$0.515

$0.498

3.31%

$0.02

$0.64

-19.70%

$0.53

-2.46%

 

 

Aeco

Apr-23

-$0.599

-$0.744

-19.52%

$0.15

-$0.47

28.13%

-$0.88

-32.18%

 

 

Socal

Apr-23

$0.744

$0.753

-1.20%

-$0.01

$0.36

104.85%

-$0.46

-260.86%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/28/23

2/27/23

% Change

Change

1/30/23

% Change

2/28/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.842

$0.825

2.11%

$0.02

$0.93

-9.44%

$1.11

-23.96%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.854

$0.835

2.24%

$0.02

$0.94

-9.18%

$1.09

-21.37%

 

 

Mt. Belview Ethane

Mar-23

$0.235

$0.235

-0.20%

$0.00

$0.25

-5.80%

$0.35

-33.22%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.644

$1.638

0.36%

$0.01

$1.75

-5.89%

$1.82

-9.88%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.118

$1.096

1.96%

$0.02

$1.09

2.56%

$1.27

-11.65%

 

 

Conway Propane

Mar-23

$0.802

$0.785

2.22%

$0.02

$0.89

-10.08%

$1.11

-27.94%

 

 

Conway Nat. Gasoline

Mar-23

$1.665

$1.662

0.17%

$0.00

$1.76

-5.33%

$1.78

-6.25%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/28/23

2/27/23

% Change

Change

1/30/23

% Change

2/28/22

% Change

 

 

WTI

Apr-23

$77.05

$75.68

1.78%

$1.37

$78.18

-1.45%

$79.05

-2.53%

 

 

Brent

Apr-23

$83.75

$82.45

1.55%

$1.30

$84.50

-0.89%

$83.82

-0.08%

 

 

WCS

Apr-23

-$15.80

-$16.40

-3.80%

$0.60

-$21.90

-27.84%

-$13.65

15.75%

 

 

LLS

Apr-23

$80.43

$79.23

1.50%

$1.20

$81.07

-0.79%

$80.06

0.47%

 

 

Mars

Apr-23

$75.94

$74.40

2.03%

$1.54

$77.97

-2.60%

$76.04

-0.12%

 

 

Sour

Apr-23

$75.38

$74.00

1.83%

$1.38

$75.43

-0.07%

$77.66

-2.93%

 

 

ESPO

Apr-23

$80.58

$81.43

-1.06%

-$0.85

$83.95

-4.02%

$80.60

-0.03%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/28/23

2/27/23

% Change

Change

1/30/23

% Change

2/28/22

% Change

 

 

NY Heating Oil

Mar-23

$2.82

$2.81

0.39%

$0.01

$3.06

-8.06%

$2.64

6.74%

 

 

NY Gasoline

Mar-23

$2.42

$2.36

2.67%

$0.06

$2.57

-5.84%

$2.44

-0.86%

 

 

GC Gasoline

Mar-23

$2.32

$2.26

2.79%

$0.06

$2.47

-6.07%

$2.34

-0.90%

 

 

GC Jet

Mar-23

$2.74

$2.82

-2.83%

-$0.08

$2.82

-2.66%

$2.40

14.10%

 

 

Chicago Ethanol

Mar-23

$2.11

$2.14

-1.77%

-$0.04

$2.17

-3.13%

$2.16

-2.68%

 

 

Rotterdam Gasoil

Mar-23

$773.90

$779.93

-0.77%

-$6.03

$827.43

-6.47%

$726.62

6.51%

 

 

Singapore Jet Kero

Mar-23

$103.58

$103.61

-0.03%

-$0.03

$112.83

-8.20%

$98.92

4.72%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/28/23

2/27/23

% Change

Change

1/30/23

% Change

2/28/22

% Change

 

 

Henry Hub Straddle

Apr-23

76.12%

81.00%

-6.02%

-4.88%

84.85%

-10.29%

38.79%

96.24%

 

 

Algonquin Straddle

Apr-23

69.42%

73.36%

-5.37%

-3.94%

85.79%

-19.08%

51.30%

35.32%

 

 

Waha Straddle

Apr-23

193.81%

206.36%

-6.08%

-12.55%

425.02%

-54.40%

86.24%

124.73%

 

 

Chicago Straddle

Apr-23

74.74%

80.78%

-7.48%

-6.04%

86.71%

-13.80%

41.37%

80.66%

 

 

PJM West Straddle

Apr-23

76.99%

78.14%

-1.47%

-1.15%

59.18%

30.09%

42.73%

80.18%

 

 

SP – 15 Straddle

Apr-23

81.15%

61.72%

31.48%

19.43%

43.41%

86.94%

21.60%

275.69%

 

 

Mid. C Straddle

Apr-23

165.14%

164.74%

0.24%

0.40%

129.57%

27.45%

36.37%

354.06%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/28/23

2/27/23

% Change

Change

1/30/23

% Change

2/28/22

% Change

 

 

Dutch TTF

Apr-23

EUR 46.94

EUR 47.25

-0.65%

-EUR 0.31

EUR 56.33

-16.66%

EUR 55.42

-15.30%

 

 

NBP

Apr-23

GBP 116.50

GBP 116.98

-0.41%

-GBP 0.48

GBP 141.75

-17.81%

GBP 138.59

-15.94%

 

 

German Base

Apr-23

EUR 112.39

EUR 119.50

-5.95%

-EUR 7.11

EUR 132.09

-14.92%

EUR 118.68

-5.30%

 

 

UK Base

Apr-23

GBP 126.83

GBP 125.11

1.38%

GBP 1.73

GBP 145.52

-12.84%

GBP 116.80

8.59%

 

 

French Base

Apr-23

EUR 127.19

EUR 131.79

-3.49%

-EUR 4.60

EUR 147.18

-13.58%

EUR 113.20

12.36%

 

 

Italian Base

Apr-23

EUR 135.89

EUR 137.67

-1.29%

-EUR 1.78

EUR 162.00

-16.12%

EUR 136.83

-0.69%

 

 

JKM LNG

Apr-23

$16.66

$16.02

3.99%

$0.64

$19.59

-14.95%

$29.28

-43.10%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

02/25/2023

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

19

11

5

72

12

19

NA

NA

 

 

E S Central

8

6

7

10

0

7

NA

NA

 

 

W S Central

16

12

8

36

9

18

NA

NA

 

 

Mountain

0

-1

0

0

-4

0

NA

NA

 

 

Pacific

0

-1

0

0

-3

0

NA

NA

 

 

United States

6

3

2

18

2

6

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/25/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

238

-16

4

3,935

-729

-261

-16.00%

-6.00%

 

 

Middle Atlantic

194

-41

-15

3,585

-651

-142

-15.00%

-4.00%

 

 

E N Central

210

-40

-42

4,194

-539

-75

-11.00%

-2.00%

 

 

W N Central

278

27

-40

4,821

-240

225

-5.00%

5.00%

 

 

South Atlantic

58

-59

-22

1,854

-332

-1

-15.00%

0.00%

 

 

E S Central

69

-74

-55

2,392

-404

-29

-14.00%

-1.00%

 

 

W S Central

51

-40

-72

1,726

-150

208

-8.00%

14.00%

 

 

Mountain

214

41

-15

3,918

154

551

4.00%

16.00%

 

 

Pacific

158

53

8

2,369

157

300

7.00%

14.00%

 

 

United States

151

-21

-26

3,017

-301

74

-9.00%

2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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