Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-03-2022

Nov 3, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:32 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.127

$6.268

-2.25%

-$0.141

22,974

 

 

WTI

$88.54

$90.00

-1.62%

-$1.46

72,796

 

 

Brent

$94.99

$96.16

-1.22%

-$1.17

7,714

 

 

ULSD

$3.681

$3.677

0.10%

$0.004

4,875

 

 

RBOB

$2.681

$2.697

-0.61%

-$0.016

8,706

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.49

$7.30

2.60%

$0.19

Jan-23

 

 

3:2:1 Crack

$34.05

$33.72

0.98%

$0.33

Dec-22

 

 

PJM West Spark

$69.59

$65.50

6.23%

$4.08

Dec-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

11/2/22

11/1/22

% Change

Change

10/5/22

% Change

11/3/21

% Change

 

 

PJM West On Peak

Dec-22

$82.70

$78.91

4.79%

$3.78

$104.64

-20.97%

$53.12

55.67%

 

 

ERCOT North On Peak

Dec-22

$54.85

$53.86

1.86%

$1.00

$63.30

-13.34%

$42.73

28.37%

 

 

CAISO SP 15 On Peak

Dec-22

$92.90

$86.28

7.67%

$6.62

$93.17

-0.29%

$67.36

37.90%

 

 

MISO Indiana On Peak

Dec-22

$76.43

$73.29

4.29%

$3.14

$98.45

-22.37%

$51.50

48.41%

 

 

NEISO Mass On Peak

Dec-22

$160.57

$140.75

14.08%

$19.81

$197.56

-18.73%

$92.21

74.13%

 

 

WECC Mid C On Peak

Dec-22

$108.92

$95.68

13.83%

$13.23

$108.31

0.55%

$75.23

44.77%

 

 

NYISO Zone G On Peak

Dec-22

$105.64

$93.86

12.56%

$11.79

$134.98

-21.73%

$66.09

59.85%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/2/22

11/1/22

% Change

Change

10/5/22

% Change

11/3/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.268

$5.714

9.70%

$0.55

$7.24

-13.38%

$4.29

46.07%

 

 

Houston Ship Channel

Dec-22

-$0.429

-$0.377

13.63%

-$0.05

-$0.21

105.96%

$0.05

-892.24%

 

 

Chicago

Dec-22

$0.087

$0.144

66.01%

-$0.06

$0.08

9.87%

$0.26

-66.42%

 

 

Waha

Dec-22

-$1.285

-$1.601

-19.71%

$0.32

-$2.05

-37.39%

-$0.19

559.70%

 

 

Algonquin

Dec-22

$14.737

$13.987

5.36%

$0.75

$16.65

-11.51%

$5.74

156.87%

 

 

Aeco

Dec-22

-$1.391

-$1.597

-12.93%

$0.21

-$2.58

-46.16%

-$0.87

60.66%

 

 

Socal

Dec-22

$2.029

$1.760

15.24%

$0.27

$1.38

46.90%

$0.97

109.74%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/2/22

11/1/22

% Change

Change

10/5/22

% Change

11/3/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.880

$0.879

0.14%

$0.00

$0.90

-1.74%

$1.03

-14.33%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.886

$0.883

0.42%

$0.00

$0.90

-1.30%

$1.03

-14.11%

 

 

Mt. Belview Ethane

Dec-22

$0.392

$0.407

-3.57%

-$0.01

$0.40

-2.92%

$0.33

17.62%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.666

$1.672

-0.33%

-$0.01

$1.69

-1.14%

$1.66

0.17%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.021

$1.010

1.10%

$0.01

$1.02

-0.36%

$1.20

-14.80%

 

 

Conway Propane

Dec-22

$0.918

$0.927

-1.06%

-$0.01

$0.96

-4.90%

$1.10

-16.36%

 

 

Conway Nat. Gasoline

Dec-22

$1.717

$1.732

-0.86%

-$0.01

$1.73

-1.01%

$1.66

3.39%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/2/22

11/1/22

% Change

Change

10/5/22

% Change

11/3/21

% Change

 

 

WTI

Dec-22

$90.00

$88.37

1.81%

$1.63

$86.84

3.64%

$70.12

28.35%

 

 

Brent

Dec-22

$97.04

$94.80

2.31%

$2.24

$93.37

3.93%

$73.66

31.74%

 

 

WCS

Dec-22

-$29.99

-$29.76

0.74%

-$0.22

-$24.56

22.09%

-$14.77

103.07%

 

 

LLS

Dec-22

$90.09

$89.61

0.54%

$0.48

$87.58

2.86%

$69.03

30.50%

 

 

Mars

Dec-22

$83.61

$82.21

1.67%

$1.40

$82.65

1.16%

$64.83

28.96%

 

 

Sour

Dec-22

$84.10

$83.30

0.95%

$0.80

$84.90

-0.95%

$69.15

21.61%

 

 

ESPO

Dec-22

$91.45

$90.63

0.90%

$0.82

$88.38

3.47%

$69.79

31.04%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/2/22

11/1/22

% Change

Change

10/5/22

% Change

11/3/21

% Change

 

 

NY Heating Oil

Dec-22

$3.69

$3.72

-1.05%

-$0.04

$3.82

-3.58%

$2.26

63.24%

 

 

NY Gasoline

Dec-22

$2.68

$2.56

4.56%

$0.12

$2.38

12.41%

$2.03

32.26%

 

 

GC Gasoline

Dec-22

$2.58

$2.46

4.75%

$0.12

$2.29

12.95%

$1.93

33.94%

 

 

GC Jet

Dec-22

$3.11

$3.21

-3.36%

-$0.11

$3.33

-6.64%

$2.04

52.45%

 

 

Chicago Ethanol

Dec-22

$2.46

$2.47

-0.24%

-$0.01

$2.28

7.75%

$2.06

19.48%

 

 

Rotterdam Gasoil

Dec-22

$955.15

$949.08

0.64%

$6.06

$961.82

-0.69%

$607.83

57.14%

 

 

Singapore Jet Kero

Dec-22

$118.55

$118.31

0.20%

$0.24

$124.81

-5.02%

$85.44

38.75%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/2/22

11/1/22

% Change

Change

10/5/22

% Change

11/3/21

% Change

 

 

Henry Hub Straddle

Dec-22

95.27%

112.48%

-15.30%

-17.21%

94.20%

1.14%

39.01%

144.22%

 

 

Algonquin Straddle

Dec-22

109.89%

145.20%

-24.32%

-35.31%

144.03%

-23.70%

46.12%

138.27%

 

 

Waha Straddle

Dec-22

135.02%

148.79%

-9.25%

-13.77%

119.17%

13.30%

42.56%

217.25%

 

 

Chicago Straddle

Dec-22

96.91%

115.13%

-15.83%

-18.22%

96.01%

0.94%

36.72%

163.92%

 

 

PJM West Straddle

Dec-22

105.75%

86.90%

21.69%

18.85%

93.62%

12.96%

38.61%

173.89%

 

 

SP – 15 Straddle

Dec-22

187.27%

131.69%

42.21%

55.58%

110.32%

69.75%

24.00%

680.29%

 

 

Mid. C Straddle

Dec-22

278.20%

322.56%

-13.75%

-44.36%

286.66%

-2.95%

33.35%

734.18%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/2/22

11/1/22

% Change

Change

10/5/22

% Change

11/3/21

% Change

 

 

Dutch TTF

Dec-22

EUR 135.90

EUR 116.64

16.51%

EUR 19.26

EUR 186.30

-27.06%

EUR 43.53

212.19%

 

 

NBP

Dec-22

GBP 332.50

GBP 281.96

17.92%

GBP 50.54

GBP 473.25

-29.74%

GBP 112.88

194.57%

 

 

German Base

Dec-22

EUR 293.00

EUR 291.72

0.44%

EUR 1.28

EUR 391.44

-25.15%

EUR 114.87

155.06%

 

 

UK Base

Dec-22

GBP 355.83

GBP 302.97

17.45%

GBP 52.86

GBP 704.08

-49.46%

GBP 108.56

227.78%

 

 

French Base

Dec-22

EUR 869.02

EUR 704.07

23.43%

EUR 164.95

EUR 1,295.69

-32.93%

EUR 124.71

596.83%

 

 

Italian Base

Dec-22

EUR 319.21

EUR 322.12

-0.90%

-EUR 2.90

EUR 452.34

-29.43%

EUR 118.95

168.37%

 

 

JKM LNG

Dec-22

$30.49

$28.03

8.78%

$2.46

$34.39

-11.34%

$16.64

83.21%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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