Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-10-2022

Nov 10, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:29 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.062

$5.865

3.36%

$0.197

23,583

 

 

WTI

$85.84

$85.83

0.01%

$0.01

131,652

 

 

Brent

$92.84

$92.65

0.21%

$0.19

12,256

 

 

ULSD

$3.612

$3.656

-1.21%

-$0.044

6,778

 

 

RBOB

$2.562

$2.545

0.70%

$0.018

6,454

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.83

$7.65

2.35%

$0.18

Jan-23

 

 

3:2:1 Crack

$33.09

$33.22

-0.38%

-$0.13

Dec-22

 

 

PJM West Spark

$65.33

$69.95

-6.61%

-$4.62

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

11/9/22

11/8/22

% Change

Change

10/12/22

% Change

11/10/21

% Change

 

 

PJM West On Peak

Dec-22

$78.30

$82.50

-5.09%

-$4.20

$103.19

-24.12%

$50.34

55.54%

 

 

ERCOT North On Peak

Dec-22

$51.51

$58.09

-11.33%

-$6.58

$63.67

-19.10%

$41.32

24.66%

 

 

CAISO SP 15 On Peak

Dec-22

$90.61

$79.72

13.65%

$10.88

$94.15

-3.76%

$64.96

39.48%

 

 

MISO Indiana On Peak

Dec-22

$72.68

$77.13

-5.78%

-$4.45

$96.26

-24.50%

$48.62

49.49%

 

 

NEISO Mass On Peak

Dec-22

$141.20

$149.86

-5.78%

-$8.67

$199.13

-29.09%

$89.48

57.80%

 

 

WECC Mid C On Peak

Dec-22

$111.51

$91.50

21.87%

$20.01

$103.62

7.62%

$73.80

51.10%

 

 

NYISO Zone G On Peak

Dec-22

$98.39

$99.31

-0.92%

-$0.92

$139.11

-29.27%

$65.60

49.99%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/9/22

11/8/22

% Change

Change

10/12/22

% Change

11/10/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$5.865

$6.138

-4.45%

-$0.27

$6.77

-13.32%

$4.23

38.72%

 

 

Houston Ship Channel

Dec-22

-$0.610

-$0.548

11.37%

-$0.06

-$0.32

88.21%

$0.06

-1191.23%

 

 

Chicago

Dec-22

$0.257

$0.249

-3.23%

$0.01

$0.10

159.76%

$0.24

6.51%

 

 

Waha

Dec-22

-$1.310

-$1.280

-2.33%

-$0.03

-$1.90

-31.20%

-$0.21

528.80%

 

 

Algonquin

Dec-22

$11.488

$11.518

-0.26%

-$0.03

$16.17

-28.95%

$5.56

106.68%

 

 

Aeco

Dec-22

-$1.666

-$2.204

-24.40%

$0.54

-$2.10

-20.72%

-$0.95

74.87%

 

 

Socal

Dec-22

$1.998

$2.263

-11.67%

-$0.26

$1.50

33.62%

$0.97

106.11%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/9/22

11/8/22

% Change

Change

10/12/22

% Change

11/10/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.878

$0.894

-1.82%

-$0.02

$0.87

1.45%

$1.06

-17.09%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.875

$0.894

-2.10%

-$0.02

$0.87

0.58%

$1.09

-19.43%

 

 

Mt. Belview Ethane

Dec-22

$0.411

$0.405

1.30%

$0.01

$0.42

-1.10%

$0.33

24.40%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.628

$1.659

-1.87%

-$0.03

$1.68

-2.85%

$1.62

0.26%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.026

$1.044

-1.67%

-$0.02

$0.98

4.34%

$1.16

-11.15%

 

 

Conway Propane

Dec-22

$0.923

$0.950

-2.86%

-$0.03

$0.90

2.52%

$1.05

-12.45%

 

 

Conway Nat. Gasoline

Dec-22

$1.709

$1.765

-3.16%

-$0.06

$1.73

-1.10%

$1.63

4.56%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/9/22

11/8/22

% Change

Change

10/12/22

% Change

11/10/21

% Change

 

 

WTI

Jan-23

$85.00

$88.00

-3.53%

-$3.00

$84.74

0.31%

$70.85

19.97%

 

 

Brent

Jan-23

$92.65

$95.36

-2.92%

-$2.71

$90.82

2.01%

$74.47

24.41%

 

 

WCS

Jan-23

-$29.00

-$28.08

3.19%

-$0.93

-$28.80

0.69%

-$15.87

82.74%

 

 

LLS

Jan-23

$87.12

$91.66

-5.21%

-$4.54

$85.14

2.33%

$73.08

19.21%

 

 

Mars

Jan-23

$79.42

$82.88

-4.35%

-$3.46

$79.61

-0.24%

$68.94

15.21%

 

 

Sour

Jan-23

$81.76

$83.88

-2.60%

-$2.12

$81.53

0.28%

$69.99

16.82%

 

 

ESPO

Jan-23

$87.53

$91.65

-4.71%

-$4.12

$85.79

2.02%

$73.75

18.68%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/9/22

11/8/22

% Change

Change

10/12/22

% Change

11/10/21

% Change

 

 

NY Heating Oil

Dec-22

$3.64

$3.78

-3.55%

-$0.13

$3.58

1.79%

$2.28

59.74%

 

 

NY Gasoline

Dec-22

$2.54

$2.60

-2.20%

-$0.06

$2.44

4.10%

$2.01

26.19%

 

 

GC Gasoline

Dec-22

$2.44

$2.50

-2.28%

-$0.06

$2.34

4.28%

$1.91

27.56%

 

 

GC Jet

Dec-22

$3.27

$3.26

0.55%

$0.02

$3.19

2.60%

$2.07

58.01%

 

 

Chicago Ethanol

Dec-22

$2.43

$2.43

0.00%

$0.00

$2.26

7.98%

$1.88

29.59%

 

 

Rotterdam Gasoil

Dec-22

$956.83

$993.37

-3.68%

-$36.54

$994.78

-3.82%

$621.35

53.99%

 

 

Singapore Jet Kero

Dec-22

$124.83

$123.40

1.16%

$1.43

$121.49

2.76%

$88.07

41.74%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/9/22

11/8/22

% Change

Change

10/12/22

% Change

11/10/21

% Change

 

 

Henry Hub Straddle

Dec-22

114.58%

119.35%

-4.00%

-4.77%

101.19%

13.23%

42.06%

172.42%

 

 

Algonquin Straddle

Dec-22

142.21%

141.99%

0.15%

0.22%

144.74%

-1.75%

54.71%

159.93%

 

 

Waha Straddle

Dec-22

171.80%

173.12%

-0.76%

-1.32%

126.82%

35.47%

43.69%

293.22%

 

 

Chicago Straddle

Dec-22

109.17%

114.79%

-4.90%

-5.62%

103.84%

5.13%

40.06%

172.52%

 

 

PJM West Straddle

Dec-22

109.85%

107.37%

2.31%

2.48%

98.10%

11.98%

43.39%

153.17%

 

 

SP – 15 Straddle

Dec-22

333.97%

158.68%

110.47%

175.29%

127.89%

161.14%

25.60%

1204.57%

 

 

Mid. C Straddle

Dec-22

402.84%

289.85%

38.98%

112.99%

319.42%

26.12%

35.57%

1032.53%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/9/22

11/8/22

% Change

Change

10/12/22

% Change

11/10/21

% Change

 

 

Dutch TTF

Dec-22

EUR 110.39

EUR 118.25

-6.64%

-EUR 7.86

EUR 174.35

-36.68%

EUR 40.25

174.27%

 

 

NBP

Dec-22

GBP 267.50

GBP 281.00

-4.80%

-GBP 13.50

GBP 445.00

-39.89%

GBP 107.26

149.39%

 

 

German Base

Dec-22

EUR 257.27

EUR 266.03

-3.29%

-EUR 8.76

EUR 385.10

-33.19%

EUR 105.10

144.80%

 

 

UK Base

Dec-22

GBP 276.66

GBP 307.56

-10.05%

-GBP 30.90

GBP 632.16

-56.24%

GBP 104.48

164.80%

 

 

French Base

Dec-22

EUR 560.90

EUR 616.77

-9.06%

-EUR 55.87

EUR 1,205.28

-53.46%

EUR 111.11

404.82%

 

 

Italian Base

Dec-22

EUR 287.24

EUR 319.12

-9.99%

-EUR 31.89

EUR 417.02

-31.12%

EUR 116.75

146.02%

 

 

JKM LNG

Dec-22

$26.46

$27.41

-3.48%

-$0.95

$33.49

-20.99%

$14.68

80.21%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.

pdf icon All_Products_20221110.pdf