Morning Report: Gas * Power * NGL * Crude * Products * Vols - Mar-06-2023



Prices as of 8:52 AM CST
Prices as of 8:52 AM CST

	Current Price	Previous Settle	% Change	Change	Volume
Natural Gas	$2.645	$3.009	-12.10%	-$0.364	93,712
WTI	$78.93	$79.68	-0.94%	-$0.75	115,770
Brent	$84.89	$85.83	-1.10%	-$0.94	9,417
ULSD	$2.839	$2.913	-2.54%	-$0.074	8,197
RBOB	$2.729	$2.750	-0.80%	-$0.022	8,668

Spreads
Spreads

	Current	Previous	% Change	Change	Contract
WTI-Brent	$5.83	$6.04	-3.48%	-$0.21	May-23
3:2:1 Crack	$36.07	$36.94	-2.34%	-$0.87	Apr-23
PJM West Spark	$36.43	$33.45	8.90%	$2.98	Apr-23

Baker Hughes Rig Count
Baker Hughes Rig Count

	Date	Count	Change	1 Year Chg.	1 Year Date
U.S.	03/03/23	749	-4	99	03/04/22
Canada	03/03/23	246	2	29	03/04/22
International	Feb	915	14	102	Feb

CFTC Net Positions
CFTC Net Positions

As of 1/31/2023		Open Interest	Total Net Long	Total Net Short	Diff
PJM West On Peak		96,478	95,976	96,327	-351
PJM West Off Peak		87,750	87,297	87,608	-311
Natural Gas Henry Hub		436,516	415,851	425,855	-10,004
WTI – Light Sweet Crude Futures		154,980	120,158	125,414	-5,256
Brent Crude Last Day		163,764	155,271	159,264	-3,993
NYM Ethanol		28,226	27,403	27,641	-238
Mt Belvieu LDH Propane Swap		148,068	146,228	147,180	-952
RBOB		314,963	293,477	303,106	-9,629
HSC Basis		558,418	552,342	549,508	2,834


EIA Lower 48 Natural Gas Storage
EIA Lower 48 Natural Gas Storage
							03/02/18
	2/24/23	2/17/23	Net Change	% Change	2/25/22	% Change	5 Year Avg.	% Change
East	451	479	-28	-5.85%	358	25.98%	372	21.11%
Midwest	544	575	-31	-5.39%	404	34.65%	429	26.81%
Mountain	99	106	-7	-6.60%	96	3.13%	97	2.27%
Pacific	99	108	-9	-8.33%	164	-39.63%	172	-42.44%
South	922	926	-4	-0.43%	620	48.71%	649	42.15%
Salt	261	262	-1	-0.38%	163	60.12%	184	41.85%
Non_Salt	661	664	-3	-0.45%	457	44.64%	465	42.27%
Total	2,114	2,195	-81	-3.69%	1,643	28.67%	1,719	22.99%

Power Generation Additions/Retirements


Front Month Prices
Front Month Prices

Electricity				EOXLive Market Data
	Contract	3/3/23	3/2/23	% Change	Change	2/2/23	% Change	3/3/22	% Change
PJM West On Peak	Apr-23	$42.09	$39.89	5.51%	$2.20	$40.48	3.98%	$49.72	-15.36%
ERCOT North On Peak	Apr-23	$38.13	$37.83	0.79%	$0.30	$37.45	1.82%	$41.65	-8.46%
CAISO SP 15 On Peak	Apr-23	$43.43	$46.45	-6.51%	-$3.03	$41.05	5.79%	$28.61	51.79%
MISO Indiana On Peak	Apr-23	$45.07	$42.79	5.33%	$2.28	$43.66	3.24%	$50.47	-10.70%
NEISO Mass On Peak	Apr-23	$54.53	$44.09	23.68%	$10.44	$44.97	21.27%	$53.49	1.95%
WECC Mid C On Peak	Apr-23	$88.32	$72.71	21.48%	$15.61	$69.46	27.15%	$29.85	195.89%
NYISO Zone G On Peak	Apr-23	$49.00	$40.10	22.20%	$8.90	$39.61	23.71%	$46.49	5.39%

Natural Gas & Basis				EOXLive Market Data
	Contract	3/3/23	3/2/23	% Change	Change	2/2/23	% Change	3/3/22	% Change
NYMEX Henry Hub	Apr-23	$3.009	$2.765	8.82%	$0.24	$2.52	19.31%	$3.53	-14.86%
Houston Ship Channel	Apr-23	-$0.276	-$0.268	2.76%	-$0.01	-$0.38	-27.02%	-$0.18	51.23%
Chicago	Apr-23	$0.031	$0.036	19.67%	-$0.01	$0.00	-971.43%	-$0.21	-114.45%
Waha	Apr-23	-$1.478	-$1.332	-11.00%	-$0.15	-$1.43	3.74%	-$2.15	-31.08%
Algonquin	Apr-23	$0.548	$0.522	5.08%	$0.03	$0.54	0.86%	$0.57	-3.18%
Aeco	Apr-23	-$0.557	-$0.562	-0.89%	$0.00	-$0.46	22.21%	-$0.83	-32.87%
Socal	Apr-23	$1.030	$0.985	4.58%	$0.05	$0.33	209.09%	-$0.48	-314.80%

Natural Gas Liquids				EOXLive Market Data
	Contract	3/3/23	3/2/23	% Change	Change	2/2/23	% Change	3/3/22	% Change
Mt. Belvieu Propane LST	Apr-23	$0.902	$0.890	1.40%	$0.01	$0.85	6.48%	$1.05	-14.44%
Mt. Belvieu Propane non LST	Apr-23	$0.895	$0.884	1.28%	$0.01	$0.85	5.12%	$1.04	-13.94%
Mt. Belview Ethane	Apr-23	$0.249	$0.246	1.11%	$0.00	$0.24	5.95%	$0.32	-21.87%
Mt. Belview Nat. Gasoline	Apr-23	$1.680	$1.644	2.15%	$0.04	$1.57	7.02%	$1.82	-7.82%
Mt. Belvieu Butane LST	Apr-23	$1.053	$1.034	1.84%	$0.02	$0.98	7.16%	$1.22	-13.37%
Conway Propane	Apr-23	$0.862	$0.835	3.28%	$0.03	$0.78	10.58%	$1.06	-18.31%
Conway Nat. Gasoline	Apr-23	$1.698	$1.671	1.61%	$0.03	$1.60	5.90%	$1.81	-6.33%

Crude Oil				EOXLive Market Data
	Contract	3/3/23	3/2/23	% Change	Change	2/2/23	% Change	3/3/22	% Change
WTI	Apr-23	$79.68	$78.16	1.91%	$1.52	$76.20	4.57%	$84.43	-5.63%
Brent	Apr-23	$86.11	$85.07	1.21%	$1.04	$82.17	4.79%	$89.84	-4.15%
WCS	Apr-23	-$15.03	-$15.40	-2.47%	$0.37	-$21.55	-30.26%	-$13.74	9.33%
LLS	Apr-23	$81.72	$80.76	1.17%	$0.96	$80.02	2.13%	$86.20	-5.19%
Mars	Apr-23	$76.61	$76.85	-0.32%	-$0.24	$73.40	4.37%	$84.65	-9.51%
Sour	Apr-23	$77.03	$77.25	-0.29%	-$0.22	$73.05	5.44%	$85.23	-9.63%
ESPO	Apr-23	$82.51	$82.77	-0.32%	-$0.26	$79.28	4.07%	$88.46	-6.73%

Refined Products				EOXLive Market Data
	Contract	3/3/23	3/2/23	% Change	Change	2/2/23	% Change	3/3/22	% Change
NY Heating Oil	Apr-23	$2.91	$2.87	1.57%	$0.04	$2.83	2.75%	$2.72	7.14%
NY Gasoline	Apr-23	$2.75	$2.70	1.93%	$0.05	$2.62	4.81%	$2.72	0.88%
GC Gasoline	Apr-23	$2.65	$2.60	2.00%	$0.05	$2.52	5.00%	$2.62	0.91%
GC Jet	Apr-23	$2.65	$2.77	-4.01%	-$0.11	$2.56	3.59%	$2.51	5.90%
Chicago Ethanol	Apr-23	$2.21	$2.15	2.78%	$0.06	$2.20	0.73%	$2.06	7.37%
Rotterdam Gasoil	Apr-23	$789.93	$791.29	-0.17%	-$1.36	$760.19	3.91%	$734.83	7.50%
Singapore Jet Kero	Apr-23	$105.70	$104.69	0.96%	$1.01	$104.00	1.64%	$100.13	5.57%

Implied Volatilities				EOXLive Market Data
	Contract	3/3/23	3/2/23	% Change	Change	2/2/23	% Change	3/3/22	% Change
Henry Hub Straddle	Apr-23	68.83%	77.16%	-10.80%	-8.33%	88.54%	-22.26%	41.54%	65.70%
Algonquin Straddle	Apr-23	59.78%	80.82%	-26.03%	-21.04%	92.30%	-35.23%	52.59%	13.67%
Waha Straddle	Apr-23	132.41%	182.71%	-27.53%	-50.30%	410.25%	-67.72%	93.60%	41.46%
Chicago Straddle	Apr-23	67.23%	75.74%	-11.24%	-8.51%	93.67%	-28.23%	44.06%	52.59%
PJM West Straddle	Apr-23	72.87%	72.65%	0.30%	0.22%	61.11%	19.24%	42.34%	72.11%
SP – 15 Straddle	Apr-23	60.39%	58.02%	4.08%	2.37%	37.87%	59.47%	21.86%	176.26%
Mid. C Straddle	Apr-23	189.05%	175.80%	7.54%	13.25%	134.88%	40.16%	31.38%	502.45%

Euro Gas and Power/LNG				EOXLive Market Data
	Contract	3/3/23	3/2/23	% Change	Change	2/2/23	% Change	3/3/22	% Change
Dutch TTF	Apr-23	EUR 45.20	EUR 46.85	-3.52%	-EUR 1.65	EUR 58.13	-22.24%	EUR 68.08	-33.60%
NBP	Apr-23	GBP 113.30	GBP 117.75	-3.78%	-GBP 4.45	GBP 146.46	-22.64%	GBP 182.13	-37.79%
German Base	Apr-23	EUR 112.75	EUR 116.75	-3.43%	-EUR 4.00	EUR 136.34	-17.30%	EUR 124.24	-9.25%
UK Base	Apr-23	GBP 120.57	GBP 126.43	-4.63%	-GBP 5.86	GBP 146.26	-17.57%	GBP 108.52	11.10%
French Base	Apr-23	EUR 124.71	EUR 129.13	-3.42%	-EUR 4.41	EUR 150.43	-17.09%	EUR 128.86	-3.22%
Italian Base	Apr-23	EUR 132.23	EUR 140.86	-6.13%	-EUR 8.63	EUR 152.29	-13.17%	EUR 140.73	-6.04%
JKM LNG	Apr-23	$13.72	$14.46	-5.13%	-$0.74	$17.38	-21.08%	$21.58	-36.45%



Cooling Degree Days
Cooling Degree Days

03/04/2023	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	18	9	7	91	22	27	NA	NA
E S Central	6	3	6	17	4	13	NA	NA
W S Central	21	13	18	57	22	36	NA	NA
Mountain	0	-1	-1	0	-5	-1	NA	NA
Pacific	0	-1	0	0	-3	0	NA	NA
United States	6	3	4	24	5	10	NA	NA

Heating Degree Days
Heating Degree Days

03/04/2023	Week Tot	Dev Norm	Dev L YR	Cum Tot	CumD Norm	CumD L YR	CumD Norm	CumD L YR
New England	245	6	-35	4,180	-723	-296	-15.00%	-7.00%
Middle Atlantic	198	-22	-33	3,783	-673	-175	-15.00%	-4.00%
E N Central	179	-54	-43	4,373	-593	-118	-12.00%	-3.00%
W N Central	212	-21	5	5,033	-261	230	-5.00%	5.00%
South Atlantic	53	-54	-33	1,907	-386	-34	-17.00%	-2.00%
E S Central	45	-85	-66	2,437	-489	-96	-17.00%	-4.00%
W S Central	31	-49	-64	1,758	-199	144	-10.00%	9.00%
Mountain	214	51	65	4,132	205	616	5.00%	18.00%
Pacific	170	68	81	2,539	225	381	10.00%	18.00%
United States	140	-20	-14	3,158	-320	60	-9.00%	2.00%

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

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Morning Report: Gas * Power * NGL * Crude * Products * Vols — Mar-06-2023

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