Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-01-2022

Nov 1, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:38 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.999

$6.355

-5.60%

-$0.356

36,838

 

 

WTI

$89.19

$86.53

3.07%

$2.66

113,021

 

 

Brent

$95.31

$94.83

0.51%

$0.48

7,820

 

 

ULSD

$3.696

$4.191

-11.81%

-$0.495

9,264

 

 

RBOB

$2.597

$2.811

-7.61%

-$0.214

8,560

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.33

$7.41

-1.08%

-$0.08

Jan-23

 

 

3:2:1 Crack

$32.17

$32.46

-0.88%

-$0.28

Dec-22

 

 

PJM West Spark

NA

NA

NA

NA

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/28/22

768

-3

224

10/29/21

 

 

Canada

10/28/22

212

2

46

10/29/21

 

 

International

Sept

879

19

92

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/25/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

88,264

87,670

87,767

-97

 

 

PJM West Off Peak

87,620

86,823

87,324

-501

 

 

Natural Gas Henry Hub

472,121

451,674

462,222

-10,548

 

 

WTI – Light Sweet Crude Futures

162,319

131,636

125,004

6,632

 

 

Brent Crude Last Day

181,821

172,519

176,147

-3,628

 

 

NYM Ethanol

26,236

25,297

26,016

-719

 

 

Mt Belvieu LDH Propane Swap

131,120

130,080

130,385

-305

 

 

RBOB

237,997

218,181

224,306

-6,125

 

 

HSC Basis

575,653

572,769

565,497

7,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

10/27/17

 

 

 

10/21/22

10/14/22

Net Change

% Change

10/22/21

% Change

5 Year Avg.

% Change

 

 

East

825

812

13

1.60%

885

-6.78%

899

-8.27%

 

 

Midwest

1,007

987

20

2.03%

1,052

-4.28%

1,066

-5.52%

 

 

Mountain

199

195

4

2.05%

212

-6.13%

214

-6.92%

 

 

Pacific

248

249

-1

-0.40%

255

-2.75%

290

-14.60%

 

 

South

1,116

1,099

17

1.55%

1,144

-2.45%

1,147

-2.67%

 

 

    Salt

277

271

6

2.21%

304

-8.88%

301

-7.85%

 

 

    Non_Salt

839

828

11

1.33%

840

-0.12%

846

-0.83%

 

 

Total

3,394

3,342

52

1.56%

3,548

-4.34%

3,616

-6.14%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/31/22

10/28/22

% Change

Change

10/3/22

% Change

11/1/21

% Change

 

 

PJM West On Peak

Nov-22

$70.29

$63.77

10.22%

$6.51

$85.99

-18.26%

$47.03

49.45%

 

 

ERCOT North On Peak

Nov-22

$51.76

$44.73

15.72%

$7.03

$60.20

-14.01%

$40.59

27.52%

 

 

CAISO SP 15 On Peak

Nov-22

$78.79

$68.24

15.46%

$10.55

$72.78

8.26%

$59.87

31.61%

 

 

MISO Indiana On Peak

Nov-22

$67.68

$61.55

9.97%

$6.13

$84.18

-19.60%

$47.07

43.80%

 

 

NEISO Mass On Peak

Nov-22

$75.36

$64.37

17.07%

$10.99

$101.24

-25.56%

$67.32

11.94%

 

 

WECC Mid C On Peak

Nov-22

$81.05

$76.00

6.65%

$5.05

$72.07

12.47%

$58.65

38.19%

 

 

NYISO Zone G On Peak

Nov-22

$68.01

$59.19

14.89%

$8.81

$92.57

-26.54%

$51.98

30.82%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/31/22

10/28/22

% Change

Change

10/3/22

% Change

11/1/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.355

$5.684

11.81%

$0.67

$6.80

-6.59%

$4.15

53.02%

 

 

Houston Ship Channel

Dec-22

-$0.266

-$0.242

9.61%

-$0.02

-$0.35

-23.93%

$0.02

-1240.34%

 

 

Chicago

Dec-22

$0.133

$0.089

-33.16%

$0.04

$0.02

698.20%

$0.25

-46.85%

 

 

Waha

Dec-22

-$1.595

-$1.627

-1.96%

$0.03

-$2.00

-20.41%

-$0.20

703.32%

 

 

Algonquin

Dec-22

$12.392

$11.952

3.68%

$0.44

$17.25

-28.14%

$5.55

123.30%

 

 

Aeco

Dec-22

-$1.643

-$1.579

4.05%

-$0.06

-$2.58

-36.37%

-$0.82

99.93%

 

 

Socal

Dec-22

$1.839

$1.682

9.33%

$0.16

$1.39

31.96%

$0.97

90.32%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/31/22

10/28/22

% Change

Change

10/3/22

% Change

11/1/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.875

$0.885

-1.11%

-$0.01

$0.86

2.05%

$1.06

-17.70%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.883

$0.885

-0.27%

$0.00

$0.87

1.01%

$1.07

-17.56%

 

 

Mt. Belview Ethane

Nov-22

$0.373

$0.391

-4.59%

-$0.02

$0.39

-4.74%

$0.33

12.32%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.641

$1.682

-2.47%

-$0.04

$1.51

8.84%

$1.62

1.30%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.011

$1.020

-0.86%

-$0.01

$1.00

1.50%

$1.16

-12.61%

 

 

Conway Propane

Nov-22

$0.888

$0.900

-1.40%

-$0.01

$0.88

0.86%

$1.10

-19.27%

 

 

Conway Nat. Gasoline

Nov-22

$1.670

$1.711

-2.38%

-$0.04

$1.65

1.44%

$1.60

4.20%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/31/22

10/28/22

% Change

Change

10/3/22

% Change

11/1/21

% Change

 

 

WTI

Dec-22

$86.53

$87.90

-1.58%

-$1.37

$82.70

4.63%

$71.84

20.45%

 

 

Brent

Dec-22

$93.70

$95.77

-2.21%

-$2.07

$88.86

5.45%

$75.47

24.16%

 

 

WCS

Dec-22

-$30.50

-$27.27

10.60%

-$3.23

-$23.04

32.37%

-$14.30

113.31%

 

 

LLS

Dec-22

$87.10

$88.75

-1.89%

-$1.65

$83.41

4.43%

$72.52

20.10%

 

 

Mars

Dec-22

$80.24

$82.35

-2.64%

-$2.12

$78.29

2.49%

$68.09

17.84%

 

 

Sour

Dec-22

$81.28

$83.16

-2.31%

-$1.88

$79.69

2.00%

$69.44

17.05%

 

 

ESPO

Dec-22

$88.53

$90.71

-2.46%

-$2.18

$83.42

6.13%

$73.33

20.72%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/31/22

10/28/22

% Change

Change

10/3/22

% Change

11/1/21

% Change

 

 

NY Heating Oil

Nov-22

$4.47

$4.44

0.65%

$0.03

$3.36

32.83%

$2.32

92.46%

 

 

NY Gasoline

Nov-22

$2.59

$2.59

-0.04%

$0.00

$2.52

2.58%

$2.10

23.25%

 

 

GC Gasoline

Nov-22

$2.49

$2.49

-0.04%

$0.00

$2.42

2.68%

$2.00

24.41%

 

 

GC Jet

Nov-22

$3.83

$3.58

6.84%

$0.24

$2.98

28.49%

$2.11

81.38%

 

 

Chicago Ethanol

Nov-22

$2.51

$2.48

1.17%

$0.03

$2.30

9.32%

$2.03

23.78%

 

 

Rotterdam Gasoil

Nov-22

$1,003.29

$1,026.75

-2.28%

-$23.46

$903.64

11.03%

$630.74

59.07%

 

 

Singapore Jet Kero

Nov-22

$122.74

$125.39

-2.11%

-$2.64

$112.65

8.96%

$86.34

42.16%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/31/22

10/28/22

% Change

Change

10/3/22

% Change

11/1/21

% Change

 

 

Henry Hub Straddle

Dec-22

91.16%

102.47%

-11.04%

-11.31%

104.23%

-12.54%

45.45%

100.57%

 

 

Algonquin Straddle

Dec-22

139.74%

164.54%

-15.07%

-24.80%

147.85%

-5.49%

53.75%

159.98%

 

 

Waha Straddle

Dec-22

126.67%

132.39%

-4.32%

-5.72%

128.93%

-1.75%

48.06%

163.57%

 

 

Chicago Straddle

Dec-22

95.71%

106.47%

-10.11%

-10.76%

104.96%

-8.81%

43.02%

122.48%

 

 

PJM West Straddle

Dec-22

102.56%

101.27%

1.27%

1.29%

94.45%

8.59%

39.67%

158.53%

 

 

SP – 15 Straddle

Dec-22

164.31%

120.41%

36.46%

43.90%

121.60%

35.12%

25.23%

551.25%

 

 

Mid. C Straddle

Dec-22

337.20%

317.58%

6.18%

19.62%

157.03%

114.74%

35.33%

854.43%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/31/22

10/28/22

% Change

Change

10/3/22

% Change

11/1/21

% Change

 

 

Dutch TTF

Dec-22

EUR 122.00

EUR 140.50

-13.17%

-EUR 18.50

EUR 176.51

-30.88%

EUR 38.44

217.35%

 

 

NBP

Dec-22

GBP 296.57

GBP 340.80

-12.98%

-GBP 44.23

GBP 449.00

-33.95%

GBP 104.21

184.60%

 

 

German Base

Dec-22

EUR 305.00

EUR 360.21

-15.33%

-EUR 55.21

EUR 409.04

-25.43%

EUR 104.65

191.45%

 

 

UK Base

Dec-22

GBP 320.24

GBP 357.32

-10.38%

-GBP 37.07

GBP 628.53

-49.05%

GBP 95.08

236.80%

 

 

French Base

Dec-22

EUR 749.88

EUR 807.31

-7.11%

-EUR 57.43

EUR 1,215.71

-38.32%

EUR 115.23

550.79%

 

 

Italian Base

Dec-22

EUR 336.76

EUR 380.62

-11.52%

-EUR 43.86

EUR 419.25

-19.68%

EUR 109.58

207.32%

 

 

JKM LNG

Dec-22

$34.22

$36.60

-6.52%

-$2.38

$32.78

4.39%

$16.15

111.86%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/29/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

651

234

-5

56.00%

-1.00%

 

 

Middle Atlantic

0

0

0

855

199

-58

30.00%

-6.00%

 

 

E N Central

1

0

1

826

117

-141

17.00%

-15.00%

 

 

W N Central

3

2

3

1,090

163

-28

18.00%

-3.00%

 

 

South Atlantic

16

-3

-9

2,060

189

-74

10.00%

-3.00%

 

 

E S Central

1

-3

-2

1,712

174

40

11.00%

2.00%

 

 

W S Central

19

0

-25

2,840

436

303

18.00%

12.00%

 

 

Mountain

1

-4

-4

1,384

146

2

12.00%

0.00%

 

 

Pacific

0

-3

-1

975

276

69

39.00%

8.00%

 

 

United States

6

-1

-5

1,408

215

1

18.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/29/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

82

-46

-30

497

-121

135

NA

NA

 

 

Middle Atlantic

75

-38

-7

430

-61

216

NA

NA

 

 

E N Central

84

-38

-30

534

-8

228

NA

NA

 

 

W N Central

100

-25

-18

510

-57

157

NA

NA

 

 

South Atlantic

40

-10

9

205

32

129

NA

NA

 

 

E S Central

49

-17

-3

273

48

147

NA

NA

 

 

W S Central

32

1

19

89

8

49

NA

NA

 

 

Mountain

136

32

51

358

-152

-31

NA

NA

 

 

Pacific

68

11

11

140

-136

-124

NA

NA

 

 

United States

69

-14

0

316

-41

102

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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