Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-09-2022

Nov 9, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:48 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.837

$6.138

-4.90%

-$0.301

40,898

 

 

WTI

$87.39

$88.91

-1.71%

-$1.52

143,095

 

 

Brent

$93.78

$95.36

-1.66%

-$1.58

10,725

 

 

ULSD

$3.677

$3.771

-2.48%

-$0.094

7,667

 

 

RBOB

$2.562

$2.637

-2.85%

-$0.075

8,396

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.30

$7.36

-0.82%

-$0.06

Jan-23

 

 

3:2:1 Crack

$32.73

$34.12

-4.07%

-$1.39

Dec-22

 

 

PJM West Spark

$69.92

$77.80

-10.13%

-$7.88

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

11/8/22

11/7/22

% Change

Change

10/11/22

% Change

11/9/21

% Change

 

 

PJM West On Peak

Dec-22

$82.50

$90.93

-9.28%

-$8.44

$102.22

-19.30%

$50.85

62.23%

 

 

ERCOT North On Peak

Dec-22

$58.09

$63.36

-8.32%

-$5.27

$62.72

-7.39%

$41.06

41.47%

 

 

CAISO SP 15 On Peak

Dec-22

$79.72

$96.95

-17.77%

-$17.23

$92.86

-14.15%

$65.04

22.57%

 

 

MISO Indiana On Peak

Dec-22

$77.13

$84.53

-8.75%

-$7.39

$95.40

-19.15%

$49.18

56.83%

 

 

NEISO Mass On Peak

Dec-22

$149.86

$171.25

-12.49%

-$21.39

$194.95

-23.13%

$90.80

65.06%

 

 

WECC Mid C On Peak

Dec-22

$91.50

$110.92

-17.51%

-$19.42

$102.74

-10.94%

$68.79

33.01%

 

 

NYISO Zone G On Peak

Dec-22

$99.31

$111.36

-10.83%

-$12.06

$137.91

-27.99%

$65.88

50.74%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/8/22

11/7/22

% Change

Change

10/11/22

% Change

11/9/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.138

$6.944

-11.61%

-$0.81

$6.93

-11.40%

$4.22

45.59%

 

 

Houston Ship Channel

Dec-22

-$0.548

-$0.509

7.69%

-$0.04

-$0.24

127.64%

$0.05

-1095.82%

 

 

Chicago

Dec-22

$0.249

$0.111

-55.19%

$0.14

$0.15

60.49%

$0.25

1.47%

 

 

Waha

Dec-22

-$1.280

-$1.122

-14.13%

-$0.16

-$2.29

-44.18%

-$0.21

515.98%

 

 

Algonquin

Dec-22

$11.518

$10.005

15.12%

$1.51

$16.66

-30.88%

$5.66

103.63%

 

 

Aeco

Dec-22

-$2.204

-$1.711

28.82%

-$0.49

-$2.14

3.14%

-$0.95

132.00%

 

 

Socal

Dec-22

$2.263

$2.036

11.11%

$0.23

$1.55

46.24%

$0.96

136.29%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/8/22

11/7/22

% Change

Change

10/11/22

% Change

11/9/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.894

$0.902

-0.96%

-$0.01

$0.86

4.52%

$1.05

-15.08%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.894

$0.890

0.43%

$0.00

$0.86

4.03%

$1.06

-15.42%

 

 

Mt. Belview Ethane

Dec-22

$0.405

$0.400

1.32%

$0.01

$0.41

-0.51%

$0.34

20.16%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.659

$1.707

-2.83%

-$0.05

$1.66

-0.35%

$1.64

0.90%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.044

$1.041

0.26%

$0.00

$1.00

4.13%

$1.16

-9.93%

 

 

Conway Propane

Dec-22

$0.950

$0.953

-0.36%

$0.00

$0.90

5.19%

$1.10

-13.45%

 

 

Conway Nat. Gasoline

Dec-22

$1.765

$1.799

-1.87%

-$0.03

$1.71

3.52%

$1.64

7.75%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/8/22

11/7/22

% Change

Change

10/11/22

% Change

11/9/21

% Change

 

 

WTI

Dec-22

$88.91

$91.79

-3.24%

-$2.88

$87.97

1.07%

$72.94

21.89%

 

 

Brent

Dec-22

$96.08

$98.73

-2.76%

-$2.65

$94.29

1.90%

$76.45

25.68%

 

 

WCS

Dec-22

-$30.97

-$30.41

1.81%

-$0.56

-$26.44

17.12%

-$15.65

97.88%

 

 

LLS

Dec-22

$91.71

$93.22

-1.65%

-$1.51

$87.75

4.51%

$74.33

23.37%

 

 

Mars

Dec-22

$83.85

$86.27

-2.89%

-$2.43

$82.84

1.21%

$69.92

19.92%

 

 

Sour

Dec-22

$85.29

$87.65

-2.77%

-$2.37

$84.93

0.42%

$70.61

20.78%

 

 

ESPO

Dec-22

$91.81

$93.85

-2.23%

-$2.04

$89.67

2.39%

$74.90

22.58%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/8/22

11/7/22

% Change

Change

10/11/22

% Change

11/9/21

% Change

 

 

NY Heating Oil

Dec-22

$3.78

$3.79

-0.40%

-$0.01

$3.58

5.50%

$2.32

62.55%

 

 

NY Gasoline

Dec-22

$2.60

$2.67

-2.63%

-$0.07

$2.45

6.13%

$2.05

26.45%

 

 

GC Gasoline

Dec-22

$2.50

$2.57

-2.73%

-$0.07

$2.35

6.39%

$1.95

27.80%

 

 

GC Jet

Dec-22

$3.26

$3.33

-2.28%

-$0.08

$3.28

-0.76%

$2.11

54.39%

 

 

Chicago Ethanol

Dec-22

$2.43

$2.55

-4.55%

-$0.12

$2.26

7.55%

$1.95

24.74%

 

 

Rotterdam Gasoil

Dec-22

$993.37

$997.87

-0.45%

-$4.50

$954.07

4.12%

$632.41

57.08%

 

 

Singapore Jet Kero

Dec-22

$123.40

$124.94

-1.23%

-$1.54

$119.03

3.68%

$87.34

41.29%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/8/22

11/7/22

% Change

Change

10/11/22

% Change

11/9/21

% Change

 

 

Henry Hub Straddle

Dec-22

119.35%

98.62%

21.02%

20.73%

94.04%

26.91%

46.59%

156.17%

 

 

Algonquin Straddle

Dec-22

141.99%

149.13%

-4.79%

-7.14%

122.74%

15.68%

56.35%

151.98%

 

 

Waha Straddle

Dec-22

173.12%

152.97%

13.17%

20.15%

122.36%

41.48%

47.75%

262.55%

 

 

Chicago Straddle

Dec-22

114.79%

98.98%

15.97%

15.81%

96.03%

19.54%

44.42%

158.42%

 

 

PJM West Straddle

Dec-22

107.37%

112.85%

-4.86%

-5.48%

97.64%

9.97%

40.37%

165.96%

 

 

SP – 15 Straddle

Dec-22

158.68%

150.36%

5.53%

8.32%

160.56%

-1.17%

24.80%

539.84%

 

 

Mid. C Straddle

Dec-22

289.85%

308.18%

-5.95%

-18.33%

324.20%

-10.60%

34.11%

749.75%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/8/22

11/7/22

% Change

Change

10/11/22

% Change

11/9/21

% Change

 

 

Dutch TTF

Dec-22

EUR 118.25

EUR 113.40

4.27%

EUR 4.85

EUR 169.35

-30.18%

EUR 38.16

209.86%

 

 

NBP

Dec-22

GBP 281.00

GBP 278.00

1.08%

GBP 3.00

GBP 436.78

-35.67%

GBP 106.98

162.66%

 

 

German Base

Dec-22

EUR 266.03

EUR 255.85

3.98%

EUR 10.18

EUR 393.52

-32.40%

EUR 106.67

149.40%

 

 

UK Base

Dec-22

GBP 307.56

GBP 304.83

0.90%

GBP 2.73

GBP 657.67

-53.23%

GBP 104.84

193.37%

 

 

French Base

Dec-22

EUR 616.77

EUR 773.16

-20.23%

-EUR 156.39

EUR 1,216.37

-49.29%

EUR 120.57

411.55%

 

 

Italian Base

Dec-22

EUR 319.12

EUR 303.68

5.09%

EUR 15.44

EUR 420.09

-24.03%

EUR 118.41

169.50%

 

 

JKM LNG

Dec-22

$27.41

$25.37

8.04%

$2.04

$32.73

-16.25%

$15.51

76.72%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Tropical Outlook

 

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