Morning Report: Gas * Power * NGL * Crude * Products * Vols - Mar-07-2023



Prices as of 8:28 AM CST
Prices as of 8:28 AM CST

	Current Price	Previous Settle	% Change	Change	Volume
Natural Gas	$2.615	$2.572	1.67%	$0.043	37,434
WTI	$80.08	$80.46	-0.47%	-$0.38	92,175
Brent	$85.80	$86.18	-0.44%	-$0.38	7,514
ULSD	$2.866	$2.887	-0.71%	-$0.020	7,224
RBOB	$2.780	$2.797	-0.60%	-$0.017	7,227

Spreads
Spreads

	Current	Previous	% Change	Change	Contract
WTI-Brent	$5.62	$5.62	0.00%	$0.00	May-23
3:2:1 Crack	$36.78	$37.14	-0.98%	-$0.36	Apr-23
PJM West Spark	$33.67	$36.59	-7.97%	-$2.92	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	3/6/23	3/3/23	% Change	Change	2/3/23	% Change	3/4/22	% Change
PJM West On Peak	Apr-23	$39.26	$42.09	-6.71%	-$2.83	$39.71	-1.13%	$49.22	-20.22%
ERCOT North On Peak	Apr-23	$35.63	$38.13	-6.55%	-$2.50	$35.29	0.96%	$43.62	-18.32%
CAISO SP 15 On Peak	Apr-23	$38.96	$43.43	-10.28%	-$4.47	$36.94	5.49%	$28.87	34.94%
MISO Indiana On Peak	Apr-23	$41.73	$45.07	-7.41%	-$3.34	$42.84	-2.58%	$49.94	-16.43%
NEISO Mass On Peak	Apr-23	$40.39	$54.53	-25.95%	-$14.15	$42.87	-5.79%	$58.00	-30.37%
WECC Mid C On Peak	Apr-23	$68.19	$88.32	-22.80%	-$20.13	$61.84	10.27%	$30.80	121.37%
NYISO Zone G On Peak	Apr-23	$36.60	$49.00	-25.31%	-$12.40	$37.78	-3.12%	$46.06	-20.55%

Natural Gas & Basis				EOXLive Market Data
	Contract	3/6/23	3/3/23	% Change	Change	2/3/23	% Change	3/4/22	% Change
NYMEX Henry Hub	Apr-23	$2.572	$3.009	-14.52%	-$0.44	$2.48	3.71%	$3.66	-29.80%
Houston Ship Channel	Apr-23	-$0.282	-$0.276	2.25%	-$0.01	-$0.33	-13.53%	-$0.18	56.79%
Chicago	Apr-23	$0.018	$0.031	71.35%	-$0.01	$0.04	-56.90%	-$0.20	-108.79%
Waha	Apr-23	-$1.287	-$1.478	-12.94%	$0.19	-$1.49	-13.45%	-$2.14	-39.89%
Algonquin	Apr-23	$0.615	$0.548	12.18%	$0.07	$0.58	5.27%	$0.56	9.82%
Aeco	Apr-23	-$0.583	-$0.557	4.54%	-$0.03	-$0.46	25.85%	-$0.86	-32.59%
Socal	Apr-23	$0.617	$1.030	-40.13%	-$0.41	$0.35	74.83%	-$0.48	-227.89%

Natural Gas Liquids				EOXLive Market Data
	Contract	3/6/23	3/3/23	% Change	Change	2/3/23	% Change	3/4/22	% Change
Mt. Belvieu Propane LST	Apr-23	$0.905	$0.902	0.28%	$0.00	$0.80	12.78%	$1.09	-16.69%
Mt. Belvieu Propane non LST	Apr-23	$0.900	$0.895	0.56%	$0.01	$0.84	7.14%	$1.09	-17.14%
Mt. Belview Ethane	Apr-23	$0.256	$0.249	3.01%	$0.01	$0.24	4.71%	$0.33	-22.08%
Mt. Belview Nat. Gasoline	Apr-23	$1.682	$1.680	0.15%	$0.00	$1.60	5.40%	$1.94	-13.46%
Mt. Belvieu Butane LST	Apr-23	$1.049	$1.053	-0.39%	$0.00	$1.01	4.03%	$1.28	-17.82%
Conway Propane	Apr-23	$0.865	$0.862	0.29%	$0.00	$0.77	12.44%	$1.08	-20.21%
Conway Nat. Gasoline	Apr-23	$1.694	$1.698	-0.26%	$0.00	$1.64	3.12%	$1.93	-12.19%

Crude Oil				EOXLive Market Data
	Contract	3/6/23	3/3/23	% Change	Change	2/3/23	% Change	3/4/22	% Change
WTI	Apr-23	$80.46	$79.68	0.97%	$0.78	$73.74	9.11%	$90.65	-11.24%
Brent	Apr-23	$86.45	$86.11	0.40%	$0.34	$79.94	8.15%	$96.44	-10.36%
WCS	Apr-23	-$15.10	-$15.03	0.48%	-$0.07	-$21.34	-29.24%	-$12.65	19.38%
LLS	Apr-23	$81.93	$81.72	0.25%	$0.21	$76.84	6.61%	$91.54	-10.50%
Mars	Apr-23	$76.89	$76.61	0.36%	$0.28	$72.28	6.37%	$88.56	-13.18%
Sour	Apr-23	$78.23	$77.03	1.53%	$1.20	$74.82	4.56%	$89.60	-12.69%
ESPO	Apr-23	$83.41	$82.51	1.08%	$0.90	$77.67	7.39%	$93.98	-11.24%

Refined Products				EOXLive Market Data
	Contract	3/6/23	3/3/23	% Change	Change	2/3/23	% Change	3/4/22	% Change
NY Heating Oil	Apr-23	$2.89	$2.91	-0.79%	-$0.02	$2.73	5.71%	$2.88	0.42%
NY Gasoline	Apr-23	$2.80	$2.75	1.75%	$0.05	$2.52	11.17%	$2.63	6.39%
GC Gasoline	Apr-23	$2.70	$2.65	1.81%	$0.05	$2.41	11.64%	$2.53	6.65%
GC Jet	Apr-23	$2.62	$2.65	-1.21%	-$0.03	$2.53	3.63%	$2.54	3.27%
Chicago Ethanol	Apr-23	$2.20	$2.21	-0.54%	-$0.01	$2.21	-0.23%	$2.21	-0.36%
Rotterdam Gasoil	Apr-23	$790.37	$789.93	0.06%	$0.44	$757.17	4.38%	$773.40	2.19%
Singapore Jet Kero	Apr-23	$106.89	$105.70	1.13%	$1.19	$104.00	2.79%	$100.33	6.54%

Implied Volatilities				EOXLive Market Data
	Contract	3/6/23	3/3/23	% Change	Change	2/3/23	% Change	3/4/22	% Change
Henry Hub Straddle	Apr-23	91.25%	68.83%	32.57%	22.42%	92.35%	-1.19%	37.53%	143.14%
Algonquin Straddle	Apr-23	73.52%	59.78%	22.98%	13.74%	99.64%	-26.21%	45.46%	61.72%
Waha Straddle	Apr-23	156.98%	132.41%	18.56%	24.57%	381.87%	-58.89%	87.99%	78.41%
Chicago Straddle	Apr-23	95.24%	67.23%	41.66%	28.01%	94.30%	1.00%	40.18%	137.03%
PJM West Straddle	Apr-23	76.57%	72.87%	5.08%	3.70%	63.76%	20.09%	43.33%	76.71%
SP – 15 Straddle	Apr-23	131.10%	60.39%	117.09%	70.71%	36.55%	258.69%	21.62%	506.38%
Mid. C Straddle	Apr-23	183.79%	189.05%	-2.78%	-5.26%	131.93%	39.31%	34.67%	430.11%

Euro Gas and Power/LNG				EOXLive Market Data
	Contract	3/6/23	3/3/23	% Change	Change	2/3/23	% Change	3/4/22	% Change
Dutch TTF	Apr-23	EUR 43.20	EUR 45.20	-4.42%	-EUR 2.00	EUR 59.60	-27.52%	EUR 78.10	-44.69%
NBP	Apr-23	GBP 107.75	GBP 113.30	-4.90%	-GBP 5.55	GBP 153.21	-29.67%	GBP 196.58	-45.19%
German Base	Apr-23	EUR 105.50	EUR 112.75	-6.43%	-EUR 7.25	EUR 136.72	-22.84%	EUR 127.70	-17.39%
UK Base	Apr-23	GBP 115.42	GBP 120.57	-4.27%	-GBP 5.15	GBP 147.28	-21.63%	GBP 114.20	1.07%
French Base	Apr-23	EUR 108.20	EUR 124.71	-13.24%	-EUR 16.51	EUR 153.86	-29.67%	EUR 129.27	-16.30%
Italian Base	Apr-23	EUR 129.41	EUR 132.23	-2.13%	-EUR 2.82	EUR 169.29	-23.56%	EUR 145.57	-11.10%
JKM LNG	Apr-23	$13.34	$13.72	-2.75%	-$0.38	$17.62	-24.30%	$23.23	-42.58%



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%

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Morning Report: Gas * Power * NGL * Crude * Products * Vols — Mar-07-2023

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