Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-07-2022

Nov 7, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 9:26 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.084

$6.400

10.69%

$0.684

62,444

 

 

WTI

$92.49

$92.61

-0.13%

-$0.12

130,937

 

 

Brent

$98.38

$98.57

-0.19%

-$0.19

8,199

 

 

ULSD

$3.865

$3.915

-1.27%

-$0.050

9,750

 

 

RBOB

$2.703

$2.735

-1.16%

-$0.032

10,087

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.02

$7.12

-1.40%

-$0.10

Jan-23

 

 

3:2:1 Crack

$33.54

$34.48

-2.73%

-$0.94

Dec-22

 

 

PJM West Spark

$65.79

$65.56

0.35%

$0.23

Dec-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/04/22

770

2

220

11/05/21

 

 

Canada

11/04/22

209

-3

49

11/05/21

 

 

International

Oct

911

32

111

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/1/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

90,645

90,182

90,323

-141

 

 

PJM West Off Peak

91,062

90,265

90,741

-476

 

 

Natural Gas Henry Hub

447,654

431,214

438,286

-7,072

 

 

WTI – Light Sweet Crude Futures

145,267

117,219

111,957

5,262

 

 

Brent Crude Last Day

143,165

134,177

138,948

-4,771

 

 

NYM Ethanol

22,338

21,553

22,018

-465

 

 

Mt Belvieu LDH Propane Swap

137,669

136,575

136,665

-90

 

 

RBOB

236,286

215,505

224,279

-8,774

 

 

HSC Basis

587,983

585,566

578,079

7,487

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

11/4/22

11/3/22

% Change

Change

10/7/22

% Change

11/5/21

% Change

 

 

PJM West On Peak

Dec-22

$80.97

$79.26

2.16%

$1.72

$103.11

-21.47%

$52.60

53.95%

 

 

ERCOT North On Peak

Dec-22

$55.68

$52.91

5.25%

$2.78

$65.36

-14.80%

$42.62

30.64%

 

 

CAISO SP 15 On Peak

Dec-22

$92.81

$93.91

-1.17%

-$1.10

$93.38

-0.62%

$63.72

45.66%

 

 

MISO Indiana On Peak

Dec-22

$75.10

$73.38

2.35%

$1.72

$97.11

-22.66%

$50.93

47.48%

 

 

NEISO Mass On Peak

Dec-22

$157.32

$151.42

3.90%

$5.90

$204.16

-22.94%

$92.67

69.77%

 

 

WECC Mid C On Peak

Dec-22

$116.49

$103.11

12.98%

$13.38

$100.94

15.41%

$71.79

62.26%

 

 

NYISO Zone G On Peak

Dec-22

$102.18

$100.04

2.14%

$2.14

$145.27

-29.66%

$66.89

52.77%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/4/22

11/3/22

% Change

Change

10/7/22

% Change

11/5/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.400

$5.975

7.11%

$0.43

$7.05

-9.18%

$4.31

48.56%

 

 

Houston Ship Channel

Dec-22

-$0.428

-$0.451

-5.04%

$0.02

-$0.21

104.69%

$0.05

-877.82%

 

 

Chicago

Dec-22

$0.198

$0.144

-27.18%

$0.05

$0.11

75.64%

$0.25

-19.13%

 

 

Waha

Dec-22

-$1.331

-$1.382

-3.74%

$0.05

-$2.00

-33.34%

-$0.20

574.35%

 

 

Algonquin

Dec-22

$12.594

$12.129

3.83%

$0.46

$16.47

-23.53%

$5.73

119.67%

 

 

Aeco

Dec-22

-$1.741

-$1.679

3.72%

-$0.06

-$2.46

-29.15%

-$0.89

95.65%

 

 

Socal

Dec-22

$2.163

$1.868

15.76%

$0.29

$1.43

51.28%

$0.96

124.24%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/4/22

11/3/22

% Change

Change

10/7/22

% Change

11/5/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.885

$0.860

2.91%

$0.03

$0.92

-3.80%

$1.03

-13.87%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.885

$0.860

2.91%

$0.02

$0.92

-3.81%

$1.03

-13.91%

 

 

Mt. Belview Ethane

Dec-22

$0.386

$0.385

0.31%

$0.00

$0.42

-8.21%

$0.34

14.87%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.696

$1.640

3.40%

$0.06

$1.75

-2.90%

$1.58

7.46%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.036

$1.000

3.59%

$0.04

$1.03

0.56%

$1.15

-9.58%

 

 

Conway Propane

Dec-22

$0.939

$0.903

4.06%

$0.04

$0.97

-2.66%

$1.09

-13.62%

 

 

Conway Nat. Gasoline

Dec-22

$1.745

$1.684

3.60%

$0.06

$1.79

-2.45%

$1.58

10.34%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/4/22

11/3/22

% Change

Change

10/7/22

% Change

11/5/21

% Change

 

 

WTI

Dec-22

$92.61

$88.13

4.84%

$4.48

$91.35

1.38%

$71.94

28.73%

 

 

Brent

Dec-22

$99.43

$95.21

4.24%

$4.22

$97.92

1.54%

$75.38

31.91%

 

 

WCS

Dec-22

-$30.12

-$31.20

-3.58%

$1.08

-$24.52

22.86%

-$14.80

103.53%

 

 

LLS

Dec-22

$93.55

$89.36

4.48%

$4.19

$92.35

1.30%

$73.36

27.53%

 

 

Mars

Dec-22

$86.43

$82.36

4.71%

$4.07

$87.29

-0.99%

$69.05

25.18%

 

 

Sour

Dec-22

$88.07

$83.43

5.27%

$4.64

$89.10

-1.16%

$69.08

27.48%

 

 

ESPO

Dec-22

$94.85

$90.08

5.03%

$4.77

$93.45

1.50%

$74.12

27.97%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/4/22

11/3/22

% Change

Change

10/7/22

% Change

11/5/21

% Change

 

 

NY Heating Oil

Dec-22

$3.91

$3.86

1.35%

$0.05

$3.79

3.19%

$2.26

72.87%

 

 

NY Gasoline

Dec-22

$2.73

$2.57

6.51%

$0.17

$2.60

5.28%

$2.02

35.21%

 

 

GC Gasoline

Dec-22

$2.63

$2.47

6.77%

$0.17

$2.50

5.49%

$1.92

37.04%

 

 

GC Jet

Dec-22

$3.55

$3.58

-0.70%

-$0.02

$3.54

0.42%

$2.05

73.44%

 

 

Chicago Ethanol

Dec-22

$2.53

$2.49

1.56%

$0.04

$2.26

11.89%

$2.07

22.20%

 

 

Rotterdam Gasoil

Dec-22

$1,012.86

$951.60

6.44%

$61.26

$1,020.46

-0.74%

$605.49

67.28%

 

 

Singapore Jet Kero

Dec-22

$123.67

$118.05

4.76%

$5.62

$125.33

-1.33%

$84.25

46.78%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/4/22

11/3/22

% Change

Change

10/7/22

% Change

11/5/21

% Change

 

 

Henry Hub Straddle

Dec-22

91.72%

106.72%

-14.06%

-15.00%

102.95%

-10.91%

43.67%

110.03%

 

 

Algonquin Straddle

Dec-22

129.77%

149.09%

-12.96%

-19.32%

136.63%

-5.02%

50.69%

156.01%

 

 

Waha Straddle

Dec-22

147.50%

164.84%

-10.52%

-17.34%

129.33%

14.05%

45.64%

223.18%

 

 

Chicago Straddle

Dec-22

92.45%

106.15%

-12.91%

-13.70%

105.10%

-12.04%

45.85%

101.64%

 

 

PJM West Straddle

Dec-22

111.72%

108.57%

2.90%

3.15%

98.39%

13.55%

39.83%

180.49%

 

 

SP – 15 Straddle

Dec-22

205.11%

139.93%

46.58%

65.18%

115.37%

77.78%

25.73%

697.16%

 

 

Mid. C Straddle

Dec-22

307.78%

309.11%

-0.43%

-1.33%

264.44%

16.39%

31.17%

887.42%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/4/22

11/3/22

% Change

Change

10/7/22

% Change

11/5/21

% Change

 

 

Dutch TTF

Dec-22

EUR 115.00

EUR 125.10

-8.07%

-EUR 10.10

EUR 169.51

-32.16%

EUR 39.96

187.81%

 

 

NBP

Dec-22

GBP 283.00

GBP 308.60

-8.30%

-GBP 25.60

GBP 435.00

-34.94%

GBP 107.01

164.46%

 

 

German Base

Dec-22

EUR 277.07

EUR 312.50

-11.34%

-EUR 35.43

EUR 399.94

-30.72%

EUR 111.38

148.76%

 

 

UK Base

Dec-22

GBP 301.57

GBP 330.63

-8.79%

-GBP 29.06

GBP 595.45

-49.35%

GBP 102.89

193.11%

 

 

French Base

Dec-22

EUR 736.31

EUR 790.10

-6.81%

-EUR 53.79

EUR 1,165.89

-36.85%

EUR 121.34

506.81%

 

 

Italian Base

Dec-22

EUR 290.48

EUR 329.84

-11.93%

-EUR 39.36

EUR 411.68

-29.44%

EUR 113.51

155.90%

 

 

JKM LNG

Dec-22

$27.40

$28.49

-3.81%

-$1.09

$31.09

-11.86%

$16.68

64.25%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/05/2022

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

0

0

0

826

117

-141

17.00%

-15.00%

 

 

W N Central

0

0

0

1,090

163

-28

18.00%

-3.00%

 

 

South Atlantic

24

8

13

2,085

197

-61

10.00%

-3.00%

 

 

E S Central

0

-3

0

1,713

173

40

11.00%

2.00%

 

 

W S Central

20

7

14

2,860

443

317

18.00%

12.00%

 

 

Mountain

0

-4

-7

1,384

143

-5

12.00%

0.00%

 

 

Pacific

0

-2

0

975

275

69

39.00%

8.00%

 

 

United States

7

2

3

1,415

217

4

18.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/05/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

84

-56

-46

581

-177

89

NA

NA

 

 

Middle Atlantic

68

-58

-57

498

-120

159

NA

NA

 

 

E N Central

71

-69

-85

604

-78

143

NA

NA

 

 

W N Central

95

-54

-68

605

-111

89

NA

NA

 

 

South Atlantic

28

-31

-43

233

1

86

NA

NA

 

 

E S Central

34

-44

-67

307

4

80

NA

NA

 

 

W S Central

27

-16

-34

116

-8

15

NA

NA

 

 

Mountain

138

15

46

496

-137

15

NA

NA

 

 

Pacific

92

23

36

232

-112

-88

NA

NA

 

 

United States

65

-32

-36

382

-72

66

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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