Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-11-2022

Nov 11, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:10 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.371

$6.239

2.12%

$0.132

14,468

 

 

WTI

$89.24

$86.47

3.20%

$2.77

93,599

 

 

Brent

$96.38

$93.67

2.89%

$2.71

8,335

 

 

ULSD

$3.656

$3.569

2.41%

$0.086

5,524

 

 

RBOB

$2.620

$2.566

2.09%

$0.054

5,115

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.97

$8.01

-0.50%

-$0.04

Jan-23

 

 

3:2:1 Crack

$32.77

$32.64

0.40%

$0.13

Dec-22

 

 

PJM West Spark

$66.90

$64.95

3.00%

$1.95

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

 

 

 

 

11/10/17

 

 

 

11/4/22

10/28/22

Net Change

% Change

11/5/21

% Change

5 Year Avg.

% Change

 

 

East

865

848

17

2.00%

897

-3.57%

904

-4.34%

 

 

Midwest

1,068

1,042

26

2.50%

1,075

-0.65%

1,081

-1.24%

 

 

Mountain

208

204

4

1.96%

213

-2.35%

213

-2.26%

 

 

Pacific

247

247

0

0.00%

258

-4.26%

290

-14.89%

 

 

South

1,193

1,160

33

2.84%

1,175

1.53%

1,171

1.91%

 

 

    Salt

311

299

12

4.01%

324

-4.01%

319

-2.51%

 

 

    Non_Salt

882

861

21

2.44%

850

3.76%

851

3.59%

 

 

Total

3,580

3,501

79

2.26%

3,618

-1.05%

3,659

-2.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

11/10/22

11/9/22

% Change

Change

10/13/22

% Change

11/11/21

% Change

 

 

PJM West On Peak

Dec-22

$80.53

$78.30

2.85%

$2.23

$102.10

-21.12%

$52.34

53.86%

 

 

ERCOT North On Peak

Dec-22

$53.20

$51.51

3.29%

$1.69

$62.32

-14.64%

$42.76

24.40%

 

 

CAISO SP 15 On Peak

Dec-22

$92.81

$90.61

2.43%

$2.20

$94.46

-1.75%

$67.89

36.70%

 

 

MISO Indiana On Peak

Dec-22

$74.84

$72.68

2.97%

$2.16

$96.66

-22.57%

$50.60

47.89%

 

 

NEISO Mass On Peak

Dec-22

$143.19

$141.20

1.41%

$1.99

$195.99

-26.94%

$93.08

53.83%

 

 

WECC Mid C On Peak

Dec-22

$113.12

$111.51

1.44%

$1.60

$101.23

11.74%

$74.47

51.89%

 

 

NYISO Zone G On Peak

Dec-22

$100.67

$98.39

2.31%

$2.27

$136.42

-26.21%

$70.05

43.71%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/10/22

11/9/22

% Change

Change

10/13/22

% Change

11/11/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.239

$5.865

6.38%

$0.37

$7.05

-11.54%

$4.34

43.76%

 

 

Houston Ship Channel

Dec-22

-$0.676

-$0.610

10.79%

-$0.07

-$0.33

102.70%

$0.06

-1204.25%

 

 

Chicago

Dec-22

$0.280

$0.257

-8.28%

$0.02

$0.12

140.64%

$0.23

23.18%

 

 

Waha

Dec-22

-$1.363

-$1.310

-4.10%

-$0.05

-$1.84

-25.79%

-$0.21

538.34%

 

 

Algonquin

Dec-22

$10.316

$11.488

-10.20%

-$1.17

$17.10

-39.69%

$5.65

82.47%

 

 

Aeco

Dec-22

-$1.593

-$1.666

-4.39%

$0.07

-$2.22

-28.14%

-$1.00

59.07%

 

 

Socal

Dec-22

$2.159

$1.998

8.06%

$0.16

$1.58

36.83%

$0.95

127.75%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/10/22

11/9/22

% Change

Change

10/13/22

% Change

11/11/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.865

$0.878

-1.43%

-$0.01

$0.85

2.37%

$1.03

-15.68%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.866

$0.875

-1.00%

-$0.01

$0.87

0.09%

$1.03

-15.63%

 

 

Mt. Belview Ethane

Dec-22

$0.397

$0.411

-3.41%

-$0.01

$0.43

-7.24%

$0.33

21.56%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.574

$1.628

-3.31%

-$0.05

$1.64

-3.81%

$1.52

3.41%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.016

$1.026

-1.00%

-$0.01

$0.97

4.42%

$1.09

-6.55%

 

 

Conway Propane

Dec-22

$0.921

$0.923

-0.18%

$0.00

$0.89

3.47%

$1.08

-14.99%

 

 

Conway Nat. Gasoline

Dec-22

$1.674

$1.709

-2.05%

-$0.04

$1.67

-0.01%

$1.52

9.99%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/10/22

11/9/22

% Change

Change

10/13/22

% Change

11/11/21

% Change

 

 

WTI

Jan-23

$85.66

$85.00

0.77%

$0.66

$86.65

-1.14%

$71.10

20.48%

 

 

Brent

Jan-23

$93.67

$92.65

1.09%

$1.02

$92.92

0.81%

$74.92

25.03%

 

 

WCS

Jan-23

-$28.32

-$29.00

-2.39%

$0.68

-$27.20

4.11%

-$16.49

71.72%

 

 

LLS

Jan-23

$87.43

$87.12

0.34%

$0.30

$87.34

0.10%

$72.06

21.32%

 

 

Mars

Jan-23

$79.83

$79.42

0.52%

$0.41

$80.74

-1.13%

$68.44

16.64%

 

 

Sour

Jan-23

$81.18

$81.76

-0.71%

-$0.57

$82.53

-1.63%

$69.37

17.03%

 

 

ESPO

Jan-23

$88.08

$87.53

0.64%

$0.56

$86.27

2.10%

$72.76

21.06%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/10/22

11/9/22

% Change

Change

10/13/22

% Change

11/11/21

% Change

 

 

NY Heating Oil

Dec-22

$3.58

$3.64

-1.84%

-$0.07

$3.69

-3.20%

$2.29

55.98%

 

 

NY Gasoline

Dec-22

$2.56

$2.54

0.83%

$0.02

$2.52

1.55%

$2.04

25.80%

 

 

GC Gasoline

Dec-22

$2.46

$2.44

0.86%

$0.02

$2.42

1.61%

$1.93

27.13%

 

 

GC Jet

Dec-22

$2.95

$3.27

-9.84%

-$0.32

$3.33

-11.40%

$2.08

42.13%

 

 

Chicago Ethanol

Dec-22

$2.39

$2.43

-1.64%

-$0.04

$2.25

6.49%

$1.99

20.41%

 

 

Rotterdam Gasoil

Dec-22

$941.77

$956.83

-1.57%

-$15.05

$992.40

-5.10%

$611.29

54.06%

 

 

Singapore Jet Kero

Dec-22

$119.78

$124.83

-4.05%

-$5.06

$126.35

-5.20%

$85.24

40.51%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/10/22

11/9/22

% Change

Change

10/13/22

% Change

11/11/21

% Change

 

 

Henry Hub Straddle

Dec-22

103.90%

114.58%

-9.32%

-10.68%

92.32%

12.54%

39.93%

160.21%

 

 

Algonquin Straddle

Dec-22

132.65%

142.21%

-6.72%

-9.56%

120.93%

9.69%

48.47%

173.67%

 

 

Waha Straddle

Dec-22

155.73%

171.80%

-9.35%

-16.07%

118.81%

31.07%

41.14%

278.54%

 

 

Chicago Straddle

Dec-22

99.22%

109.17%

-9.11%

-9.95%

95.32%

4.09%

38.21%

159.67%

 

 

PJM West Straddle

Dec-22

99.27%

109.85%

-9.63%

-10.58%

98.61%

0.67%

43.52%

128.10%

 

 

SP – 15 Straddle

Dec-22

186.68%

333.97%

-44.10%

-147.29%

119.74%

55.90%

24.57%

659.79%

 

 

Mid. C Straddle

Dec-22

271.11%

402.84%

-32.70%

-131.73%

343.31%

-21.03%

35.22%

669.76%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/10/22

11/9/22

% Change

Change

10/13/22

% Change

11/11/21

% Change

 

 

Dutch TTF

Dec-22

EUR 109.00

EUR 110.39

-1.26%

-EUR 1.39

EUR 168.66

-35.37%

EUR 40.04

172.24%

 

 

NBP

Dec-22

GBP 257.00

GBP 267.50

-3.93%

-GBP 10.50

GBP 427.00

-39.81%

GBP 106.99

140.22%

 

 

German Base

Dec-22

EUR 247.00

EUR 257.27

-3.99%

-EUR 10.27

EUR 386.94

-36.17%

EUR 110.50

123.52%

 

 

UK Base

Dec-22

GBP 266.30

GBP 276.66

-3.74%

-GBP 10.36

GBP 595.46

-55.28%

GBP 104.51

154.81%

 

 

French Base

Dec-22

EUR 549.39

EUR 560.90

-2.05%

-EUR 11.50

EUR 1,147.68

-52.13%

EUR 126.01

336.00%

 

 

Italian Base

Dec-22

EUR 288.96

EUR 287.24

0.60%

EUR 1.73

EUR 410.11

-29.54%

EUR 115.21

150.81%

 

 

JKM LNG

Dec-22

$25.84

$26.46

-2.32%

-$0.61

$33.57

-23.02%

$15.57

66.03%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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