Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-04-2022

Nov 4, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 9:26 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.027

$5.975

0.87%

$0.052

36,923

 

 

WTI

$92.29

$88.17

4.67%

$4.12

176,311

 

 

Brent

$98.53

$94.67

4.08%

$3.86

17,761

 

 

ULSD

$3.861

$3.865

-0.12%

-$0.005

14,958

 

 

RBOB

$2.775

$2.694

3.03%

$0.081

15,192

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.35

$7.49

-1.87%

-$0.14

Jan-23

 

 

3:2:1 Crack

$35.04

$36.22

-3.27%

-$1.19

Dec-22

 

 

PJM West Spark

$66.39

$69.91

-5.03%

-$3.52

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

Oct

911

32

111

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

 

 

 

 

11/03/17

 

 

 

10/28/22

10/21/22

Net Change

% Change

10/29/21

% Change

5 Year Avg.

% Change

 

 

East

848

825

23

2.79%

899

-5.67%

907

-6.48%

 

 

Midwest

1,042

1,007

35

3.48%

1,071

-2.71%

1,078

-3.36%

 

 

Mountain

204

199

5

2.51%

213

-4.23%

213

-4.32%

 

 

Pacific

247

248

-1

-0.40%

256

-3.52%

290

-14.83%

 

 

South

1,160

1,116

44

3.94%

1,172

-1.02%

1,163

-0.26%

 

 

    Salt

299

277

22

7.94%

320

-6.56%

312

-4.17%

 

 

   Non_Salt

861

839

22

2.62%

852

1.06%

851

1.18%

 

 

Total

3,501

3,394

107

3.15%

3,611

-3.05%

3,651

-4.12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

11/3/22

11/2/22

% Change

Change

10/6/22

% Change

11/4/21

% Change

 

 

PJM West On Peak

Dec-22

$79.26

$82.70

-4.16%

-$3.44

$105.77

-25.07%

$51.88

52.78%

 

 

ERCOT North On Peak

Dec-22

$52.91

$54.85

-3.55%

-$1.95

$71.07

-25.56%

$42.46

24.61%

 

 

CAISO SP 15 On Peak

Dec-22

$93.91

$92.90

1.09%

$1.01

$94.16

-0.27%

$64.02

46.69%

 

 

MISO Indiana On Peak

Dec-22

$73.38

$76.43

-3.99%

-$3.05

$99.58

-26.31%

$50.16

46.30%

 

 

NEISO Mass On Peak

Dec-22

$151.42

$160.57

-5.70%

-$9.15

$225.10

-32.73%

$93.78

61.46%

 

 

WECC Mid C On Peak

Dec-22

$103.11

$108.92

-5.33%

-$5.81

$107.06

-3.69%

$70.28

46.71%

 

 

NYISO Zone G On Peak

Dec-22

$100.04

$105.64

-5.30%

-$5.60

$148.58

-32.67%

$67.15

48.99%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/3/22

11/2/22

% Change

Change

10/6/22

% Change

11/4/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$5.975

$6.268

-4.67%

-$0.29

$7.24

-17.50%

$4.34

37.80%

 

 

Houston Ship Channel

Dec-22

-$0.451

-$0.429

5.11%

-$0.02

-$0.18

150.00%

$0.06

-812.82%

 

 

Chicago

Dec-22

$0.144

$0.087

-39.89%

$0.06

$0.12

15.80%

$0.25

-41.32%

 

 

Waha

Dec-22

-$1.382

-$1.285

-7.56%

-$0.10

-$1.96

-29.50%

-$0.19

630.16%

 

 

Algonquin

Dec-22

$12.129

$14.737

-17.70%

-$2.61

$17.17

-29.38%

$5.82

108.45%

 

 

Aeco

Dec-22

-$1.679

-$1.391

20.72%

-$0.29

-$2.49

-32.47%

-$0.92

82.05%

 

 

Socal

Dec-22

$1.868

$2.029

-7.92%

-$0.16

$1.43

30.20%

$0.98

91.57%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/3/22

11/2/22

% Change

Change

10/6/22

% Change

11/4/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.860

$0.880

-2.27%

-$0.02

$0.92

-6.52%

$1.03

-16.72%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.860

$0.886

-2.96%

-$0.03

$0.93

-7.44%

$1.04

-17.63%

 

 

Mt. Belview Ethane

Dec-22

$0.385

$0.392

-1.81%

-$0.01

$0.41

-5.87%

$0.33

14.96%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.640

$1.666

-1.57%

-$0.03

$1.71

-3.82%

$1.59

3.37%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.000

$1.021

-2.08%

-$0.02

$1.03

-2.56%

$1.16

-13.47%

 

 

Conway Propane

Dec-22

$0.903

$0.918

-1.60%

-$0.01

$0.96

-6.19%

$1.08

-16.41%

 

 

Conway Nat. Gasoline

Dec-22

$1.684

$1.717

-1.90%

-$0.03

$1.75

-3.56%

$1.58

6.41%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/3/22

11/2/22

% Change

Change

10/6/22

% Change

11/4/21

% Change

 

 

WTI

Dec-22

$88.13

$90.00

-2.13%

-$1.87

$87.59

0.61%

$69.91

26.06%

 

 

Brent

Dec-22

$95.21

$97.04

-1.92%

-$1.83

$94.42

0.84%

$73.44

29.65%

 

 

WCS

Dec-22

-$31.20

-$29.99

3.90%

-$1.22

-$24.14

29.28%

-$14.45

115.93%

 

 

LLS

Dec-22

$89.36

$90.09

-0.82%

-$0.73

$89.93

-0.64%

$68.68

30.10%

 

 

Mars

Dec-22

$82.36

$83.61

-1.51%

-$1.24

$85.21

-3.34%

$64.65

27.41%

 

 

Sour

Dec-22

$83.43

$84.10

-0.81%

-$0.67

$86.25

-3.28%

$67.47

23.64%

 

 

ESPO

Dec-22

$90.08

$91.45

-1.52%

-$1.37

$89.18

1.01%

$69.43

29.75%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/3/22

11/2/22

% Change

Change

10/6/22

% Change

11/4/21

% Change

 

 

NY Heating Oil

Dec-22

$3.86

$3.69

4.72%

$0.17

$3.64

5.93%

$2.32

66.45%

 

 

NY Gasoline

Dec-22

$2.57

$2.68

-4.25%

-$0.11

$2.55

0.75%

$2.08

23.41%

 

 

GC Gasoline

Dec-22

$2.47

$2.58

-4.42%

-$0.11

$2.45

0.78%

$1.98

24.60%

 

 

GC Jet

Dec-22

$3.58

$3.11

15.13%

$0.47

$3.46

3.47%

$2.11

69.93%

 

 

Chicago Ethanol

Dec-22

$2.49

$2.46

1.34%

$0.03

$2.25

10.75%

$2.02

23.42%

 

 

Rotterdam Gasoil

Dec-22

$951.60

$955.15

-0.37%

-$3.55

$989.32

-3.81%

$611.87

55.52%

 

 

Singapore Jet Kero

Dec-22

$118.05

$118.55

-0.42%

-$0.50

$122.92

-3.96%

$85.65

37.84%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/3/22

11/2/22

% Change

Change

10/6/22

% Change

11/4/21

% Change

 

 

Henry Hub Straddle

Dec-22

106.72%

95.27%

12.02%

11.45%

98.44%

8.41%

41.95%

154.40%

 

 

Algonquin Straddle

Dec-22

149.09%

109.89%

35.67%

39.20%

135.58%

9.96%

52.02%

186.60%

 

 

Waha Straddle

Dec-22

164.84%

135.02%

22.09%

29.82%

126.99%

29.81%

44.47%

270.68%

 

 

Chicago Straddle

Dec-22

106.15%

96.91%

9.53%

9.24%

100.35%

5.78%

40.55%

161.78%

 

 

PJM West Straddle

Dec-22

108.57%

105.75%

2.67%

2.82%

98.66%

10.04%

43.57%

149.19%

 

 

SP – 15 Straddle

Dec-22

139.93%

187.27%

-25.28%

-47.34%

112.99%

23.84%

25.02%

459.27%

 

 

Mid. C Straddle

Dec-22

309.11%

278.20%

11.11%

30.91%

245.46%

25.93%

35.21%

777.90%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/3/22

11/2/22

% Change

Change

10/6/22

% Change

11/4/21

% Change

 

 

Dutch TTF

Dec-22

EUR 125.10

EUR 135.90

-7.94%

-EUR 10.80

EUR 176.00

-28.92%

EUR 40.97

205.33%

 

 

NBP

Dec-22

GBP 308.60

GBP 332.50

-7.19%

-GBP 23.90

GBP 459.50

-32.84%

GBP 108.27

185.04%

 

 

German Base

Dec-22

EUR 312.50

EUR 293.00

6.66%

EUR 19.50

EUR 422.04

-25.96%

EUR 112.07

178.85%

 

 

UK Base

Dec-22

GBP 330.63

GBP 355.83

-7.08%

-GBP 25.20

GBP 645.29

-48.76%

GBP 104.21

217.28%

 

 

French Base

Dec-22

EUR 790.10

EUR 869.02

-9.08%

-EUR 78.92

EUR 1,246.03

-36.59%

EUR 122.40

545.49%

 

 

Italian Base

Dec-22

EUR 329.84

EUR 319.21

3.33%

EUR 10.63

EUR 456.77

-27.79%

EUR 116.60

182.88%

 

 

JKM LNG

Dec-22

$28.49

$30.49

-6.57%

-$2.00

$34.43

-17.26%

$15.01

89.84%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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